Not forgiveness, exploitation

Last week, the United States Supreme Court, in a 6-3 opinion, (BIDEN v. NEBRASKA) held that the Biden administration’s use of the Higher Education Act of 1965 (the “Act”) federal student loan program to grant mass student debt relief was unconstitutional. The U.S. Constitution provides for the division of powers between the executive, legislative and judicial branches. The authority to amend the Act belongs to Congress. President Biden never had the ability to use the Act (which did provide for very limited release of said debts) by asserting the need for COVID pandemic (which ended in 2022) relief to vacate student debt. Even Nancy Pelosi, former Speaker of the House once admitted that the president didn’t have the power to do it as the power belonged exclusively to Congress..

By the courting of debtor/voters through the shifting their contractual obligations to taxpayers who had not incurred them, Biden created a class of morally compromised individuals. Many of these borrowers, especially those who financed their graduate schools, now have multiple six figure jobs and could easily repay their loans.The “forgiveness” was not based on personal petitions alleging financial need or catastrophic loss (as the Act provides). The borrower didn’t have to do a thing. His or her status afforded them relief. Biden’s act was a form of authorized looting. He effectively made co-conspirators of the debtors.

The critics of BIDEN v. NEBRASKA seem to have almost uniformly failed to address the legal issues raised by the case. None of them, including the president, appear to have read it but have instead have created defenses on their “feelings”.

Giveaways like “student loan forgiveness” contributes to a nation of permanent baby birds clamoring for the mother bird to return with food. Mother becomes the government.

If anyone has any doubt they should examine every socialist government that ever ruled. They provide the populace benefits (as they destroy initiative, self-worth, self-sufficiency). In exchange voters give the government control over their personal lives, their families, their children and their children’s education.

Ask Margaret Thatcher.