Having been told by the Supreme Court that student loan forgiveness is beyond the authority of POTUS – Resident Biden’s latest “wheeze” to bypass Congress costs taxpayers even more

From here:

Biden’s new student loan forgiveness to cost $475 billion: study (nypost.com)

“.. taxpayers will face $200 billion in costs due to payment reductions “ ..” as a little more than half of the $1.64 trillion in outstanding loans will be covered..”

PLUS

“$275 billion in taxpayer costs will be attributable to payment reductions under the plan for $1.03 trillion in new student loans into the next decade.”

“The president’s SAVE plan is expected to go into effect July 1, 2024, and would cut monthly income-based student loan payments in half, eliminate monthly payments for minimum-wage earners and forgive all outstanding debt after 10 years of payments for student borrowers who took $12,000 or less.”

Exactly what is wrong with allowing Congress to decide. No POTUS has the right to do this, let alone a White House squatter with the IQ of a Monsanto poisoned mollusc like Biden.

Imagine that.

Blatant vote buying to cost half a trillion bucks in taxes. It’s only money and it’s not his.

Not a hint of “equity” in any of that - every non-student can lump it. So can all those who have paid off their loans by being honest are simply spat on, so are those that could not even consider or had to give up on an education because they could not afford the costs.

Never mind contract law. You take a loan, you repay it, right? Nope. To a monster raving lunatic “libtard demoNrat, no debt need ever be repaid if you vote libtard demoNrat.

(Interesting: “libtard demoNrat” passed the Substack spellchecker!)

To everyone else in the real world, not paying back what you owe is THEFT.

What’s next? Well, since to a Marxist/Maoist member of the Cult of Moloch, all property is theft, so all mortgages will be paid for out of future taxes or borrowings at the Federal level.

Expect inflation to pick up economy wide, by at least 2% per annum, led by further increases in tuition costs of around 10-20%.

After all, many will not have to pay back tuition costs or tuition cost increases and the campus faculties have a voracious demand for ever higher salaries, pensions and benefits whilst providing “woke” courses in child grooming – in accordance with UN instructions, right?

From here: Compendium CSE (ohchr.org)

Onwards

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