Staff Reports
President Joe Biden is at it again, using executive authority to hand out freebies like candy on Halloween. Despite the Supreme Court shutting down his previous attempt at loan forgiveness over the summer, Biden has now waived a whopping $132 billion in student loan debt for 3.6 million borrowers. And just when you think he’s done, he drops another $5 billion last Wednesday night. It’s like the Oprah Winfrey Show, but instead of cars, it’s student loan forgiveness!
House Republicans are not thrilled about Biden’s generosity and are planning to put the brakes on his student loan debt relief. They’re like the responsible parent stepping in to stop the kid from raiding the cookie jar before dinner. No free rides on their watch!
How Biden is trying to go around the Supreme Court to cancel student loan debt https://t.co/oeE7rZhanF
— Al (@AWB31962) December 7, 2023
Biden’s Secretary of Education, Miguel Cardona, chimed in to cheerlead for his boss, saying that before Biden came into the picture, getting student debt relief was like finding a four-leaf clover. Now, with Biden’s magical touch, more than 3.6 million borrowers are dancing in a field of financial clovers, thanks to $132 billion in loan forgiveness. Talk about a pot of gold at the end of the rainbow! According to Cardona, the Biden administration is on fire, relentlessly fixing the broken student loan system and delivering relief like it’s Christmas morning.
But hold on to your hats because Biden himself jumped in to take a victory lap, vowing to improve the student loan system and not backing down from using “every tool at our disposal” to get relief to borrowers. It’s like a superhero movie, but instead of fighting villains, Biden is battling student loan debt. Can’t you just picture it? The President, in a cape, flying over the Capitol building, armed with executive orders and ready to combat financial burdens with a single stroke of his pen!
Let’s not forget Biden’s original student loan forgiveness plan, which the Supreme Court smacked down faster than a flyswatter on a pesky mosquito. That plan sought to cancel up to $20,000 in debt for eligible borrowers, but the Republicans were having none of it. They argued that Biden was trying to sidestep Congress and buy the votes of young loan borrowers. It’s like watching a game of political chess, with both sides strategizing their next move to checkmate the opponent.
So, what’s Biden’s “plan B”? Well, it’s like a sequel to a movie that didn’t do so well at the box office. He’s now focusing on restructuring repayment plans and identifying new borrowers eligible for debt cancellation, using the Public Service Loan Forgiveness program that has been collecting dust for 15 years. And guess what? It’s working! The administration is handing out debt forgiveness like it’s a clearance sale at the mall.
But hold your horses, because House Republicans are gearing up to block Biden’s loan forgiveness. It’s like a showdown at high noon in an old Western movie. They’re not going to let Biden run wild with his executive orders without a fight. Sen. Joe Manchin (D-WV) even joined forces with the Republicans last month to rain on Biden’s parade. It’s like a classic buddy cop movie, where the unlikely partners come together to take down the bad guy.
In the end, this political drama is far from over, and the battle over student loan debt relief continues to unfold like a never-ending soap opera. Will Biden’s executive authority reign supreme, or will the House Republicans swoop in to save the day and protect the taxpayers’ hard-earned dollars? Tune in for the next episode of “As the White House Turns” to find out!
