President Joe Biden announced on Monday plans for student debt relief for millions of borrowers, specifically emphasizing the benefits for those in the Black and Latino communities.
The effort is seen by many as a tactic to persuade racial minorities to continue to vote for Biden in the upcoming presidential election, as former President Donald Trump has been continuing to siphon away minority voters that have traditionally tended to vote Democrat.
Biden is not cancelling student debt. He's stealing OUR MONEY to bribe millions of Americans to vote for him.
He already used $146,000,000,0000+ to "cancel" student debt for 4 million people.
Now he plans to bribe another 30 million Americans just in time for the election.
— End Wokeness (@EndWokeness) April 8, 2024
The plan seeks to use an amended version of the Higher Education Act of 1965, and a fact sheet from the White House says that the student relief will target “racial equity.”
“These actions are expected to provide significant relief to Black and Latino borrowers, borrowers who attended community college, and borrowers who are financially vulnerable because they took out debt but never had the chance to complete their degree,” the statement said.
As a result, the plan is set to cancel the debt of around 30 million borrowers nationwide.
However, critics of the plan say not only will it merely transfer billions of dollars worth of debt to the taxpayers, but that it is also unconstitutional. Speaking on “Fox & Friends, Fox News legal analyst Gregg Jarrett referred to how the Supreme Court has already struck down multiple versions of the plan, saying, “They’re inventing a different, runaround, the Supreme Court decision. In so doing, Joe Biden is brazenly defying the law, and then he has the audacity, the arrogance to brag about it, admitting recently, yes, the Supreme Court blocked my plan, it’s illegal. But then he said, quote, that won’t stop me.”
Jarrett continued, saying, “He changed his method of loan forgiveness in the latest plan. But the same legal principles that make it unconstitutional, still apply. He’s not canceling anything, he’s transferring billions of debt from borrowers to taxpayers and under the Constitution, only Congress has the power to do that, as the Supreme Court explained in their decision.”
Not only has the highest court in the nation struck down previous versions of the law, but 11 different states have filed lawsuits against the version Biden proposed in February.
But this hasn’t stopped Biden, who just keeps trying to hammer it through because he knows that even if it doesn’t pass or gets blocked by the courts, he will still score political points with his targeted groups for trying to be their favorite “sugar daddy.”
