Offloading Student Loan Debt to Taxpayers

As promised, here’s a brief update on President Biden’s effort to transfer other people’s student loan debts to you, the taxpayers. Remember I was all over this issue last spring and summer, calling it unfair, unethical, and illegal. I’m not unsympathetic to those who have student loans. But for those who borrowed money from the federal government and spent it on an education – which… Read more »

With the stroke of a pen earlier this week, Biden saddled you and other taxpayers with more than $500 billion worth of other people's student loan debt. First of all, isn’t it funny how Democrats are trying to compare that to the Paycheck Protection Program (PPP)? For those of you who don’t remember, the PPP enabled people to remain employed when the pandemic literally shut down much of… Read more »

Friends, I’m as outraged as I can be over Biden making YOU responsible for other people’s student loan debts. Of all the things we’ve had to put up with under this administration – skyrocketing inflation, rising violent crime, record levels of illegal immigration, failed foreign policy, on and on – this is just par for the course. So many constituents have called and written into my… Read more »

I know I’ve covered this multiple times, but we need to cover it again. Today, President Biden is expected to announce a plan to “cancel” up to $10,000 in federal student debt for those earning under $125K. Friends, debt isn’t just "canceled." Whether it’s the federal government or a private lender, you don’t just erase loans off the books. What’s really happening here is the… Read more »

On Wednesday, Rep. Ralph Norman (SC-5) co-signed a congressional letter to House Speaker Nancy Pelosi concerning President Biden's recent efforts to offload up to $10,000 from each student loan to taxpayers. "Noticeably absent from the President’s plan is any plausible legal authority to implement such a policy," wrote the lawmakers. "The legislative and executive branches each possess… Read more »

Yet again, Joe Biden is trying to saddle you with other people’s student debt. This latest effort, according to news reports, would “cancel” at least $10,000 in federal student debt for those earning under a certain amount. I put “cancel” in quotes because it’s not canceled at all. Whether it’s the federal government or a private lender, you don’t just erase loans off the books. That’s… Read more »

Here we go again. Cries to “cancel” student debt are making headlines this week. This, after President Biden told a group on Monday that he wanted to explore ways to “forgive” some amount of federal student loans. Just so we’re 100% clear: when liberals talk about “forgiving” or “canceling” loans, what they actually mean – whether they’re capable of understanding this concept or not – is… Read more »

Cancel student debt? Nope, not with my vote in Congress. This issue comes up frequently, and it’s usually promoted by (A) those with student loan debt, obviously; (B) those in academia; and (C) politicians looking for the votes of the two aforementioned groups. Let’s dive into some of their reasons: ***** REASON 1: “Most colleges are too expensive.” Agreed,… Read more »