Biden sticks it to taxpayers with authoritarian power move

The Biden administration has moved up the cancellation of student loans for another 74,000 borrowers despite a ruling by the Supreme Court striking down his student loan relief plan last June.

The White House made the announcement on Friday. This brings the total number of borrowers who had their loans wiped out in part or in whole to more than 3.7 million Americans. It will in effect forgive $4.9 billion in student debt, according to CNBC.

The Biden administration has cited the 2003 Higher Education Relief Opportunities for Students Act (HEROES Act) as a justification for thumbing its nose at the Supreme Court and wiping out student loans. Biden claims that the forgiveness of the loans is permitted in case of a “national emergency.” SCOTUS did not buy that argument.

“My Administration is able to deliver relief to these borrowers – and millions more – because of fixes we made to broken student loan programs that were preventing borrowers from getting relief they were entitled to under the law. Today’s announcement comes on top of all we’ve been able to achieve for students and student loan borrowers in the past few years,” President Biden claimed in a statement from the White House.

(Video Credit: WFXR NEWS)

“And, in the wake of the Supreme Court’s decision on our student debt relief plan, we are continuing to pursue an alternative path to deliver student debt relief to as many borrowers as possible as quickly as possible,” he noted alluding to the fact that he is skirting the law.

“From Day One of my Administration, I vowed to improve the student loan system so that higher education provides Americans with opportunity and prosperity – not unmanageable burdens of student loan debt. I won’t back down from using every tool at our disposal to get student loan borrowers the relief they need to reach their dreams,” Biden vowed.

The move brazenly defies the Supreme Court ruling against Biden’s plan and has incensed millions who have paid off their loans but will now have to foot the bill for those who refused to do so.

“The 2003 Heroes Act, which came after the U.S. went to war following the 9/11 attacks, stated that the Secretary of Education could ‘waive or modify any statutory or regulatory provision applicable to the student financial assistance programs under title IV of the [Education Act] as the Secretary deems necessary in connection with a war or other military operation or national emergency,'” the Daily Wire reported.

“The Secretary could issue such waivers or modifications only ‘as may be necessary to ensure’ that ‘recipients of student financial assistance under title IV of the [Education Act affected by a national emergency] are not placed in a worse position financially in relation to that financial assistance because of [the national emergency],'” the media outlet added.

“The text of the HEROES Act does not authorize the Secretary’s loan forgiveness program. The Secretary’s power under the Act to ‘modify’ does not permit ‘basic and fundamental changes in the scheme’ designed by Congress. MCI Telecommunications Corp. v. American Telephone & Telegraph Co., 512 U. S. 218, 225. Instead, ‘modify’ carries ‘a connotation of increment or limitation,’ and must be read to mean ‘to change moderately or in minor fashion.’ That is how the word is ordinarily used and defined, and the legal definition is no different,” the majority opinion from the Supreme Court read.

Republicans are accusing the Biden administration of moving up further student loan forgiveness as a way to sway the 2024 presidential election.

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