High Yield Markets
  • World News
  • Politics
  • Investing
  • Stock
  • Editor’s Pick
Politics

NEW: Court Extends Block on Joe Biden’s Student Loan Forgiveness Plan

by November 14, 2022
November 14, 2022

Another blow to Joe Biden’s midterm vote buying scheme…

Joe Biden unilaterally announced a massive forgiveness of student loans in August to buy the Gen Z-Millennial vote in the 2022 midterms.

Biden canceled 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, NBC News reported.

The 8th US Circuit Court of Appeals on Monday extended a block on Joe Biden’s student loan bailout plan.

Reuters reported:

A U.S. appeals court has extended a block on President Joe Biden’s administration from fulfilling his plan to cancel hundreds of billions of dollars in student loan debt at the urging of six Republican-led states, a court filing on Monday showed.

The St. Louis-based 8th U.S. Circuit Court of Appeals issued an injunction barring the U.S. Department of Education from erasing student loan debt as part of Biden’s plan to deliver “life-changing relief” to tens of millions of borrowers.

The court on Oct. 21 temporarily barred Biden’s administration from discharging student loans while it considered an emergency request by the six states for an injunction. The states’ case was dismissed, though they are appealing that decision.

Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina claim Biden’s plan skirted congressional authority and threatens the states’ future tax revenues and money earned by state entities that invest in or service student loans.

Separately, a federal judge in Texas last Thursday struck down Joe Biden’s student loan forgiveness plan.

United States District Judge Mark Pittman, a Trump appointee, scolded Joe Biden in a blistering opinion.

The student loan bailout plan did not pass through Congress as Joe Biden falsely claimed – and Judge Pittman BLASTED Biden for ruling with a ‘pen and phone.’

“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…The Court is not blind to the current political division in our country,” the judge wrote.

“But it is fundamental to the survival of our Republic that the separation of powers as outlined in our Constitution be preserved. And having interpreted the HEROES Act, the Court holds that it does not provide ‘clear congressional authorization’ for the Program proposed by the Secretary,” Judge Pittman wrote.

The post NEW: Court Extends Block on Joe Biden’s Student Loan Forgiveness Plan appeared first on The Gateway Pundit.

previous post
World Economic Forum Scrubs FTX Page from Its Website – CEO Was a Speaker at Davos
next post
Coincidence? Zelensky Calls for Peace Just Days After FTX Is Caught Funneling Millions of Ukrainian Aide Dollars to US Democrats

You may also like

Biden’s Polls Are So Bad, Even CNN Is...

February 7, 2023

Pentagon’s Latest Lie: We Did Not Detect Balloons...

February 7, 2023

Arizona State University Censors Marketing For Conservative Speakers,...

February 7, 2023

Rats Flee Sinking Ship: Biden’s Labor Secretary Marty...

February 7, 2023

CRIMINAL: Fauci Charging Up To $100K For Speeches...

February 7, 2023

Developing: Biden White House Has NOT Briefed Gang...

February 7, 2023

FLASHBACK: President Trump Created Highly Successful Program Meant...

February 7, 2023

Satanic Temple Opens Clinic for “Religious Abortions” Named...

February 7, 2023

Schumer on China Spy Balloon That Soared Over...

February 7, 2023

New Zealand’s Largest Egg Producer Goes Up in...

February 7, 2023
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • The New Deal and Recovery, Part 23: The Great Rapprochement

    February 7, 2023
  • The New Deal and Recovery, Part 22: Postwar Monetary Policy

    December 20, 2022
  • The New Deal and Recovery, Part 21: Postwar Monetary Policy

    December 19, 2022
  • Diamond and Dybvig and the Panic of 1907

    December 6, 2022
  • Diamond, Dybvig, and Government Deposit Insurance

    November 25, 2022
  • About Us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2023 HighYieldMarkets.com All Rights Reserved.

High Yield Markets
  • World News
  • Politics
  • Investing
  • Stock
  • Editor’s Pick