Mr. Biden’s new loan forgiveness is still illegal. The High Court stressed that student loan forgiveness is a major question that requires clear authorization from Congress. But Mr. Biden seems to believe he can jam the courts by automatically forgiving debt before a judge has time to stop him.
The Supreme Court ruled last year that Mr. Biden’s cancelation of $10,000 to $20,000 per borrower exceeded his authority under the 2003 Heroes Act, which allows the executive to “modify” loan terms in an emergency. The Administration “modified” loans, Chief Justice John Roberts wrote, in the “same sense that ‘the French Revolution “modified” the status of the French nobility.’”
Mr. Biden is setting an awful precedent that Donald Trump will no doubt exploit. If courts say he can’t re-purpose defense money to build a wall on the southern border, he could simply use another means to do so. The right will cheer him on as the left is Mr. Biden. The rule of law and taxpayers are the losers.
I pulled these 3 paragraphs from WSJ article. Is the author wrong?
And note that Trump will be able to build the wall. It is like my saying all the time..."Who will stop these liberals, in their liberal quests to socialism?!?" Who will stop Trump.
https://www.wsj.com/articles/joe-biden-student-loan-forgiveness-karine-jean-pierre-supreme-court-7e74383f?mod=hp_opin_pos_1
@averagejoe1 saidI'm not going to pretend that I know what Congress was thinking when it wrote in to the HEA in 1965 that the Sec of Ed could "compromise, waive or release loans under certain circumstances."
Mr. Biden’s new loan forgiveness is still illegal. The High Court stressed that student loan forgiveness is a major question that requires clear authorization from Congress. But Mr. Biden seems to believe he can jam the courts by automatically forgiving debt before a judge has time to stop him.
The Supreme Court ruled last year that Mr. Biden’s cancelation of $10,000 t ...[text shortened]... icles/joe-biden-student-loan-forgiveness-karine-jean-pierre-supreme-court-7e74383f?mod=hp_opin_pos_1
SCOTUS has found that debt cancellation was not authorized by the 2003 HEROES Act, although the bill contained similar language giving the Sec of Ed certain authority.
Notably, the court found that, "Ummmm.....no.....nooooooo. That's, like, that's.... that's WAY too big. Too big. Nossir. Uh uh. No"
This SCOTUS does not like things that are "too big." This is known as the "That's Too Big" doctrine. 🙂
@averagejoe1 saidAren't you forgetting something?
Mr. Biden’s new loan forgiveness is still illegal. The High Court stressed that student loan forgiveness is a major question that requires clear authorization from Congress. But Mr. Biden seems to believe he can jam the courts by automatically forgiving debt before a judge has time to stop him.
The Supreme Court ruled last year that Mr. Biden’s cancelation of $10,000 t ...[text shortened]... icles/joe-biden-student-loan-forgiveness-karine-jean-pierre-supreme-court-7e74383f?mod=hp_opin_pos_1
The Federal Government has forgiven nearly $400 billion in Covid-relief loans to major pharmaceutical companies, this in addition to forgiving hundreds of billions in loans to defense contractors and oil companies, all the while supplying them with subsidies and grants. - just over the last 10 years.
I don't hear you complaining about that. 🤔
https://www.nbcnews.com/business/personal-finance/government-has-forgiven-nearly-400-billion-covid-relief-ppp-loans-n1274618
@mchill saidWhy do you not say that "Joe Biden dictated" forgiving the $400B in Covid? You say the Federal Government? Please compare apples to apples? Good man.
Aren't you forgetting something?
The Federal Government has forgiven nearly $400 billion in Covid-relief loans to major pharmaceutical companies, this in addition to forgiving hundreds of billions in loans to defense contractors and oil companies, all the while supplying them with subsidies and grants. - just over the last 10 years.
I don't hear you complaining about t ...[text shortened]... business/personal-finance/government-has-forgiven-nearly-400-billion-covid-relief-ppp-loans-n1274618
@AverageJoe1
Your buddies in congress have killed the forgiveness twice and a third effort is on the way so they will probably kill that one also. Maybe you can find a nice conspiracy theory to harp on next. But no, you will just find another way to fuk over Biden, totally ignoring the crimes of your fascist orange antiChrist would be dictator with some 90 charges against him and the hush money trial starting in just a few days and Trump's latest bid to get the trail moved to a different court just failed so come the 15th he will have TWO things going, his tax returns, that should be a hoot, AND the hush money trial.
@averagejoe1 saidTrump set it up like this:
Why do you not say that "Joe Biden dictated" forgiving the $400B in Covid? You say the Federal Government? Please compare apples to apples? Good man.
"The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for payroll and certain other costs. A PPP loan amount is approximately equal to 2.5 times the applicant's average monthly payroll costs. Sometimes, an applicant may receive a second draw typically equal to the first. The loan proceeds to cover payroll costs, rent, interest, and utilities. The loan may be partially or fully forgiven if the business keeps its employee counts and employee wages stable."
So Joe seems to have been following the law as Trump set it up.
No dictatorship.
@spruce112358 saidSpruce, you surprise me. Sonhouse has as well mis-stated some facts in his Bshyte thread, that Trump would not allow an abortion of a child of rape or incest...which he will. Then you come along with this, that Trump dictated in the same manner than the loser Biden dictates today. He dictated nothing. This was done by congress. It was done the right way.
Trump set it up like this:
"The Paycheck Protection Program allows entities to apply for low-interest private loans to pay for payroll and certain other costs. A PPP loan amount is approximately equal to 2.5 times the applicant's average monthly payroll costs. Sometimes, an applicant may receive a second draw typically equal to the first. The loan proceeds to cover pa ...[text shortened]... stable.[/b]"
So Joe seems to have been following the law as Trump set it up.
No dictatorship.
As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress created the "Paycheck Protection Program" (PPP) to provide loans to help small businesses stay afloat and retain employees during the COVID-19 pandemic.
As an aside, Biden has no respect for congress, or for the Constitution, or for SCOTUS. Three impt entities, and he shats on them. You and your liberal losers are just absolutely pitiful.
And yes, the Constitution is a living thing. It will not be if you let the Sonhouses and Kevs and Marauders of the world get hold of it.
@averagejoe1 saidThis was, quite frankly, my goal in returning to RHP Debates.
Spruce, you surprise me.
@averagejoe1 saidIt was done the right way. Congress passed the Bill. Trump signed the Bill. Biden followed the conditions laid out in the Bill.
Then you come along with this, that Trump dictated in the same manner than the loser Biden dictates today. He dictated nothing. This was done by congress. It was done the right way.
We are in FURIOUS agreement.
@spruce112358 saidAgreement about what? Will you clear the air and tell us that Biden is NOT using congress to get his wishes done, as did Trump, or, are you going to write about Trump?
It was done the right way. Congress passed the Bill. Trump signed the Bill. Biden followed the conditions laid out in the Bill.
We are in FURIOUS agreement.
Geez
@averagejoe1 said"Will you ... tell us that Biden is NOT using congress to get his wishes done" No.
Agreement about what? Will you clear the air and tell us that Biden is NOT using congress to get his wishes done, as did Trump, or, are you going to write about Trump?
Geez
"Or, are you going to write about Trump?" Absolutely not.
@spruce112358 saidIf you will NOT tell us that Biden is not using Congress to get his wishes done (his only avenue), then we can only surmise that you are saying that he IS using Congress to transfer the debts of the students to the taxpayers.
"Will you ... tell us that Biden is NOT using congress to get his wishes done" No.
"Or, are you going to write about Trump?" Absolutely not.
Why are you doing this foolishness? Now u r wearing your Suzianne hat.
@AverageJoe1
I guess you didn't hear Trump's latest scree where he said on TV, it is up to the states whatever laws they have made so if a girl gets pregnant in Texas and goes out of state to a free state, she is now a criminal in Texas and that is just fine with Trump since he just goes the way the wind blows, he has no agenda outside of what he thinks is good for his own political power.
@AverageJoe1
I guess they don't cover that kind of thing when you just watch Newsmax or the other Trumpite sites. You don't seem to know repubs have a slim majority in the house and dems have a slim majority in the senate. So anything Biden does can be killed by the house. You really should take civics 101.