Biden hits the working class

 Washington Examiner:

President Joe Biden’s student loan bailout is illegal, inflationary, and immoral, all at the same time. It is also divisive.

Nothing separates people more today than the line between those who have and have not gone to college . By giving away as much as $40,000 to families privileged with a college education, Biden is benefiting those most fortunate among us at the expense of those least fortunate, making existing inequalities even worse.

The Higher Education Relief Opportunities for Students Act of 2003 empowers the secretary of education to “waive or modify any statutory or regulatory provision applicable to” student loans so that borrowers are not adversely affected by any presidentially declared national emergency. The intent of the legislation was to provide relief for student borrowers in the military who were called into duty due to a national emergency. President Donald Trump used this authority to suspend student loan payments after he declared COVID an emergency in 2020.

But COVID is no longer an emergency by any reasonable definition. Biden himself has urged everyone to go back to work. Schools are open again. The crisis is over.

Each time the federal government extends the suspension of federal loan payments — it has done so six times already — it does so on shakier legal ground. A permanent erasure of debt was clearly not envisioned by that statute, nor is it in any way related to the original COVID emergency.
...

Biden keeps doing things to live down to his ranking as the worse president ever.  He didn't need to do this.  He already had AOC's vote and as a Congress critter, she is already well paid.  It does say something about the quality of her education that her previous job was as a bartender.  While there is nothing wrong with that job, it is one that does not require a college education.

See, also:

Biden robs Peter to get Paul’s vote

His student loan forgiveness program is a political bribe

And:

 


James Taranto
@jamestaranto
Thousands of your students are unable to earn enough money to pay off their loans? Good to know.
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Laurence Tribe
@tribelaw
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Good news for thousands of my former students. I’m grateful on their behalf, Mr. President. axios.com/2022/08/24/stu
11:33 PM · Aug 24, 2022Twitter for Android
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