Illegitimate Biden-Harris regime defies SCOTUS and uses loophole to forgive student debt!
WASHINGTON (PNN) - July 14, 2023 - The fascist illegitimate Joe Biden-Kamala Harris regime thumbed their noses at the Supreme Court after its ruling that their efforts to forgive student loan debt on the backs of taxpayers was unconstitutional. The bogus regime announced Friday that they went with a different plan.
The illegitimate fascist Biden regime announced Friday it would automatically forgive $39 billion in student debt for 804,000 borrowers, illegally transferring the debt to Amerikan taxpayers. The relief is a result of fixes to the student loan system’s income-driven repayment plans. Under those repayment plans, borrowers get any remaining debt canceled by the government after they have made payments for 20 years or 25 years, depending on when they borrowed, and their loan and plan type.
In the past, payments that should have moved a borrower closer to being debt-free were not accounted for, according to the bogus fascist Biden regime.
To bring people over the line for forgiveness, the illegitimate Biden regime counted payments for borrowers who’d paused their payments in certain deferments and forbearances and those who’d made partial or late payments. In other words, the fascist criminals lied.
To put this into perspective, this new plan is a smaller version with tighter restrictions than the one struck down by the Supreme Court. The original plan would have stolen taxpayer money to pay off loans made by 37 million instead of 800,000.
These 804,000 borrowers will be notified on Friday by the Amerikan Gestapo Department of Education division and relief will begin 30 days later. Individuals who do not want debts discharged are encouraged to contact their loan service providers.
This new plan is part of previous “fixes” to other programs the bogus regime believes were failing borrowers. This includes $45 billion to people enrolled in Public Service Loan Forgiveness who weren’t getting the debt relief and $22 billion to borrowers who were defrauded by for-profit colleges.
The move by the Amerikan Gestapo Department of Education division is quite audacious considering the Supreme Court struck down Joe Biden’s lawless program to cancel debt relief back in June.
Despite the greatly reduced number of beneficiaries, this is still a major blow to common sense. It also sets the stage for further theft of taxpayer dollars using similar loopholes in the future.
Ed. Note: This will certainly be challenged in and probably overturned by the Supreme Court.