Disgusting as it is, at least Biden’s plan to restart student loan payments in February is being straightforwardly stated and spelled out. When it comes to his broken promise of debt forgiveness, the White House’s betrayal of student borrowers is sleazier and more dishonest.
by Keaton Weiss
Even Joe Biden’s insultingly meager campaign promise of $10,000 in student debt relief for borrowers in exchange for public service seemed dubious at the time he made it. After all, this is the guy who deemed it impossible to discharge student loans in bankruptcy, and has been a lifelong prostitute for credit card companies and big banks, both of whom profit greatly off the interest from their clients’ crippling debts.
Sure enough, his administration dealt student borrowers a brutal one-two punch this week, when it was announced that the federal student loan payment freeze will expire at the end of January, and no executive action will be taken to deliver on his pledge to cancel the aforementioned $10,000 in debt.
Regarding the former, Press Secretary Jen Psaki made it clear to reporters that “asmooth transition back into repaymentis a high priority for the administration.” Given…
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Has anyone read Article I, Section 8 of that quaint old Constitution? Take 5 minutes sometime to realize how outrageously unconstitutional the student “loan” scheme is.
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It’s been a long time since I read it, Mark. I’ll have to refresh my memory.
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