President Joe Biden’s $400 billion 2022 election bribe — also known as student loan forgiveness — has been now stopped in its tracks on two fronts.
First, in Texas, federal district court Judge Mark Pittman, one of nearly 300 federal judges appointed by former President Donald Trump, ruled the initiative unconstitutional. The judge rejected Biden’s claim that the 2003 Heroes Act gives him authority to wipe out these loans. That act, per the judge, was about loan assistance for military personal during war or other emergencies.
The lawsuit was filed by the Job Creators Network Foundation on behalf of two students holding loans that did not qualify for the relief, demonstrating the inequities of the initiative and the failure to provide the usual comment period for citizens to voice concerns.
Now, in response to six states that have sued challenging the legality of this loan forgiveness program, a federal appeals court has issued an injunction blocking the program from moving forward.
The Wall Street Journal has called this loan write-off measure “the largest presidential abuse of power in decades.”
I have already written about the folly of this loan forgiveness program.
Private debt markets in our country work extremely well regarding loan management and defaults. The problems arise — excessive defaults — when government gets in the business of providing loans, which are inevitably constructed and targeted with political objectives.
And, these student loan programs simply exacerbate the real problem, which is runaway costs of college education. Over the last 20 years, escalation of the cost of college tuition and textbooks have been more than twice the national average inflation rate.
Universities are essentially being subsidized by government programs designed allegedly to help students get higher education.
But this massive loan forgiveness initiative is also an example of the crass political opportunism that inevitably follows from the accumulation of government power.
Can it possibly be accidental timing that Biden reached out to tens of millions with college loans, offering to wipe these loans out, just prior to elections when the outlook for his party was not looking encouraging and when his own polling has been poor?
A week before the elections, Biden made remarks at the White House saying that our democracy is “at risk … democracy is on the ballot this year.”
Now that the elections produced far better results for Democrats than anyone anticipated, the president called the elections “a good day for democracy.”
No one ever accused Biden of being a deep thinker. But it should concern every citizen that his assessment of the state of our democracy follows from the success at the polls of his own party.
In his remarks at the White House, the president stumbled onto the truth.
“We, the people, must decide whether the rule of law will prevail or whether we’ll allow the dark forces to thirst — that thirst for power put ahead of the principles (that) have long guided us.”
We saw similar improper and politically motivated behavior by Biden in the recent release of oil from the nation’s Strategic Petroleum Reserve. As pointed out by John Hill, who was involved in the legislation that created the reserve, the reserve exists for national security in instances of “severe energy supply disruptions.” It’s not there to manipulate oil prices when politicians find this expedient.
Fortunately, as evidenced by these court decisions slamming the door on this abuse of power by our president, even conservatives and Republicans who are disappointed by the results of these elections can feel positive that we still have rule of law in our nation.
As Pittman wrote in his opinion, “In this country, we are not ruled by an all-powerful executive with a pen and a phone. Instead, we are ruled by a constitution that provides for three distinct and independent branches of government.”
Star Parker is president of the Center for Urban Renewal and Education and host of the weekly television show “Cure America with Star Parker.” To find out more about Star Parker and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.
For the young voted who were taken in by biden’s lies: “There is one born every minute” and they are of voting age by now.
PITY THEY can’t be done for accepting a bribe!!
“Student Loan Forgiveness Has Met The Rule Of Law” as vote beguiled student voters meet democrat election strategy “ Better to ask forgiveness Later (That I lied to you about my Un-Constitutional Promise to get your vote ),,,than permission to lie to you now by not telling you I knew up front all the time it would never pass the Supreme Court Constitutional ruling. If these student voters don’t feel like a drugged used Hunter Biden hooker who just got thrown out of the Hotel room without getting paid, then they need to pass on the next election go directly into rehab after getting all their inoculation shots to fend off the next social infection.
Liars are cheaters and those that lie big, cheat big,,,this time by half a trillion dollars. Just how much is you personal integrity worth when love is for sale/,,as well as political offices.
Now that the election is over, the ballots counted (or fudged) and the successful headed to fill their positions in the new year the promises made by the Democrats as has been the custom of the party over the time I have watched politics can be put to rest until the next election cycle. This one, however was declared illegal, as it was thought all along, but it secured the votes of those who have no remembrance of political history, the desire for remission of a lawful contract to pay back a loan was too tempting, now it has vanished, POOF!, and deservedly so because it punished those who paid their debts as a matter of responsibility.
Will a lesson be learned from this? I doubt it. Progressivism has been tightly ingrained in the psyche and it will take incidents like this to shake reality back into the country!
THE LEFT is incapable of “learning from their mistakes”.. THEY REFUSE TO acknowledge they make any!