#shorts Biden said, “Let me close with this: Our Republican officials say, “Student loan relief is a giveaway to the privileged.” You hear that loud now: “the privileged.” (Laughs.) I love the concern for the privileged. But I know who student loan borrowers are in this country … They’re a young — put — putting off buying their first home until they can get out from under their student loans. Hope on the horizon thanks to the relief that I planned last year — today’s Court decision snatched it away from them. I get it. I get it. I hear this. It’s — it’s — and — and I’m concerned about it. But today’s decision has closed one path. Now we’re going to pursue another.”
The US Supreme Court on 6/30/2023 CRUSHED Joe Biden’s student loan bailout program. On 6/30/2023, the Supreme Court put the final nail in the coffin and invalidated Biden’s student loan bailout program.
Joe Biden unilaterally announced a massive forgiveness of student loans last August to buy the Gen Z-Millennial vote in the 2022 midterms. Biden canceled over $400 billion in student loans which turns out to be up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants.
Six Republican state attorneys general sued Joe Biden and argued the student loan bailout violates the separation of powers. Separately, two borrowers who did not qualify for Joe Biden’s student loan forgiveness plan (Department of Education v Brown) sued to stop the program. The Supreme Court ruled 6-3 in Biden v Nebraska that Joe Biden’s student loan forgiveness was unlawful. The 8th US Circuit Court of Appeals in November extended a block on Joe Biden’s student loan bailout plan. The DOJ then asked the Supreme Court to lift the 8th Circuit Court’s block, which they refused to do. The Supreme Court ruled 6-3 that Joe Biden overstepped his authority.
other clips of this published longer video is here: https://youtu.be/k4D8_SYTAJM
Biden: Republican closed one path buying 1st home, Now we’re going to pursue another (hope for vote)