In one of the last rulings of the 2023 session, the Supreme Court of the United States decided that Joe Biden’s attempt to forgive up to $20,000 of current balances of student loans was unconstitutional.
By a vote of 6-3, the justices ruled that the Biden administration overstepped its authority last year when it announced that it would cancel up to $400 billion in student loans. The Biden administration had said that as many as 43 million Americans would have benefitted from the loan forgiveness program; almost half of those borrowers would have had all of their student loans forgiven.
When proposed in 2022, Joe Biden knew, and then Speaker of the House Nancy Pelosi declared, that the President did not have the authority to forgive or cancel student loans. Forgiveness of the loans was never the intent of the proposal. The goal was to buy the votes of young voters for Democrat candidates in the 2022 midterms by dangling a $20,000 check in front of them. It worked, and the ruse did secure that voting block for the Dems, proving that empty promises are more important to younger voters than effective government. The Red Tsunami predicted for the 2022 midterms never happened because of a major Con by President Joe Biden.
Within minutes of the High Court’s announcement, Biden stepped to the microphone and blasted the MAGA radical Supreme Court for abandoning college students and graduates of America burdened with high-balance loans preventing them from enjoying the fruits of their college degrees. Biden used this ruling as an example of how out of touch the Supreme Court had become and why the makeup needs to be revised by adding more justices to balance the ideology of the Court. Biden’s belief was echoed by most politicians and media from the Left.
But this decision will not stop Joe Biden from benefiting from his original proposal. He promised his team would get to work and find ways to circumvent the High Court and get relief for current holders of student loans. The Con continues, and will, right up to the 2024 general election. There are votes to be bought, and damn it, the Democrats are buying.
Within days, Biden was back to the podium to announce step one of his effort to overturn the crushing defeat of his plan by the Supreme Court. His plan is to forgive the loan of any college graduate who has been making payments on their student loans for at least twenty years. Biden’s plan will not impact young recent graduates but rather graduates already in their 40s and in the major earning years of their lives.
Education Secretary Miguel Cardona immediately praised the Biden proposal and said it was about time we leveled the playing field for college graduates burdened by high-balance student loans. Why is there a need to level the field? College graduates earn an average of $1.2 Million more in their lifetime than non-college graduates. Why, then, should people who did not attend college, paid for their children’s education out of pocket, or went into a trade have to dip into their pockets to pay the loan of a 40-year-old attorney? They absolutely should not, and that is what the Supreme Court ruled.
Biden’s team will continue their creative attempts to get the student loan forgiveness bill passed or the Court ruling circumvented. A check will never be written, but that does not concern Joe. Joe is concerned with how many votes he can secure with a political scam. Loan holders should be apoplectic at how they are being used. Instead, they continue to pull the lever on the Left, proving they learned nothing in college while racking up loans.
