PRESIDENT BIDEN BREAKS LAW ON STUDENT LOAN DEBT

PRESIDENT BIDEN BREAKS THE LAW ON STUDENT LOAN DEBT

By: Derek Varsalona

President Biden is breaking the law on student loan debt relief.  For that he should be arrested and tried for treason.  But thank you anyway for canceling student loan debt for borrowers.  The Supreme Court ruled that President Biden can’t cancel student loan debt.  But due to the mans dementia he is doing it anyway.  

Yesterday, President Biden broke the law and cancelled debt for another 74,000 people in student loan debt.  I am not sure if President Biden found another way to do it other than the fact that this is a political motivated event.

I am all for student debt relief.  But why President Biden did is actually illegal according to the Supreme Court.  

One can argue as I do that the student debt is a  federal government program that gives out the loan then the federal government can cancel those loans.  But surprisingly the Supreme Court said that your debt is your debt on your own and it must be repaid back.  For breaking federal law, President Biden should be arrested and tried for treason.

President Biden illegally canceled the debt of 74,000 borrowers.    Another 3.7 million people were also given student debt relief through other illegal actions under the law.  The reason why President Biden is doing this is to get the students to the polls.

I agree student loan debt is a burden.  It affects your credit, effects if you can get a mortgage on a house, affects your ability to apply for a credit card and your relationship with other banks.  The fact of the matter is if you can’President pay back your student loan then how is the banker or loan giver going to trust you to to pay back another loan?  They aren’t and it is going to kill you financially the rest of your life if you need a home loan, or business loan. 

Also, speaking of this what is next, cancelling mortgages?  I mean where does it end.  The fact of the matter is that you took out a loan and you need to pay it back. 

Sure the government can assist in helping you with courses but a better way is for the bank to give out the courses.  I believe a bank course on paying back student loans or business loans is better approach since I think the private business can do better than the government.  But realistically the business nor the government is going to do this for you.  The business or government is not going to give you those necessary tools since they both live and survive off the interest payments on the loan that is not paid back in full.

The fact of the matter is President Biden did something illegal according to the Supreme Court.  The Supreme Court did not say that the government can’t forgive student loans.  They said they must find another way and according to this President Biden is still doing it the old way.  For that President Biden should be arrested for treason.  As always comments accepted.

President Biden breaks the law on Student Loan Debt
CNEt.com

Source: President Joseph R. Biden. “ “Statement from President Biden on Nearly $5 billion in Additional Student Aid Cancellation for 74,000 Borrowers.” whitehouse.gov Washington, DC: Friday, January 19, 2024.

https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/19/statement-by-president-joe-biden-on-nearly-5-billion-in-additional-student-debt-cancellation-for-74000-borrowers/