In defiance of the U.S. Supreme Court and the principle of checks and balances, Joe Biden proudly declares his unilateral decision to relieve student debt for nearly 5 million Americans via social media. This overt dismissal of the highest court in the land is just one among several incidents of executive overreach that have characterized Biden’s presidency thus far.
One path closed that day, but I promised you that my Administration would use every tool at our disposal to relieve the burden of student loan debt so it doesn’t keep you from reaching your dreams.
⁰Since then, we’ve approved debt relief for 4.75million Americans through…— President Biden (@POTUS) June 30, 2024
Elon Musk Called This Financial News 'Terrifying'
Despite the Supreme Court striking down his attempt to unilaterally cancel billions in student debt last year, Biden remained unyielding. He proceeded to introduce various new loan forgiveness schemes that flout his executive authority.
No matter how many times Republican elected officials try to block me, my Administration isn’t backing down.
Higher education is a ticket to a brighter future. I’m fighting to ensure every American can finally afford that ticket.
— President Biden (@POTUS) June 30, 2024
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Even judges appointed by former President Barack Obama, whom Biden served under as vice president, have issued setbacks to Biden’s debt relief endeavors. U.S. District Judge Daniel Crabtree and U.S. District Judge John Ross have both blocked the Joe Biden from granting further debt forgiveness under the president’s expansive “SAVE” income-based repayment plan, noting that such large expenditures must go through Congress.
James Woods calls it like he sees it:
If Bidenomics is working so well why can’t college graduates get jobs and pay their own bills?
— Cornpop A Baddude 🇺🇸☝️💥𝟏𝟕𝟕𝟔💥 FJB (@MarvelMaskless) July 1, 2024
These actions not only violate legal boundaries but also inflict significant financial damage on the country. The cost of Biden’s new plan is estimated to reach $475 billion over the next 10 years, exacerbating a ballooning national debt that is already setting alarming records.
As we witness unprecedented spending levels and soaring national debt, it becomes evident that Biden’s approach is leading the country further into fiscal turmoil. With interest payments on the rising national debt and escalating inflation, our financial predicament is only set to worsen.
The Amazing US Debt Clock APP
— US Debt Clock .org (@USDebtClock_org) May 4, 2024
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College loans are scams. A pond circled by loan sharks and disgustingly overpaid professors who’ve given us nothing but a woke desperate generation. College loans didn’t used to be mortgages, they were reasonable, they were payable. Students are faced with an uphill battle and put behind the starting line. Impossible to raise a family, turned into debt slaves.
The root cause of this is Congress.
The root cause of this is the democrat party. Just like their zero down no job home ownership program back in the o-ba-ma days. The lousy democrat freeloaders did this.
The loan system worked out fine before when the lenders were private and Jethro Biden who is too dumb to get into college would be told maybe you should shovel s hit son.
Now they say sure take the money, we know you can’t make it in college.Go ahead, we’ll push you through just like grade school and high school.
And when you don’t graduate we’ll get taxpayers to repay your debts for you remember what Hitlery said: “It takes the village idiot to get government to take over student loans” and you guys did vote for an idiot who did that very thing!
James Woods for President!
IMO, Biden thinks he has the authority the unilaterally cancel contract law, the very basis of economic trade. If anyone can walk away from their contact obligations, the is no trade or economic activity. Theft is then legal and it’s back to barter backed by a gun. What a demented fool.
A voice of sanity amidst the corrupt, bungling government we have today.
James is one of the few in Hollywood that stopped drinking the kool-aid and came to his senses. Normally I don’t pay attention to celebrities but since he pisses off all the leftists causing them to have tantrums and hissyfits every time he posts, I follow. 🙂
In addition to forgiving student loans, Cadaver Joe should be forgiving interest payments on the national debt. BTW, if you and I must pay tax on interest payments, shouldn’t the Federal Reserve pay taxes on the $billions of interest payments they collect?