On Friday, the Supreme Court ruled in a resounding 6-3 decision that the Secretary of Education lacks the authority to cancel over $430 billion in student loan debt.
Chief Justice John Roberts, writing for the majority, unambiguously stated, “The Secretary’s plan canceled roughly $430 billion of federal student loan balances… Six states filed a lawsuit, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree.”
Reacting to the decision, Far left Rep. Ilhan Omar reacted predictably claiming the decision was racist.
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An MSNBC reporter asked her ““Congresswoman, I want to show some data from last year that shows students of color were more likely to have student loans with 33% of borrowers identifying as black, 23% identifying as Hispanic or Latino, and just 15% identifying as white. Given that fact and what we saw yesterday with the Supreme Court striking down affirmative action, what does it mean for students of color moving forward? What does it mean for student bodies? What does it mean for the student experience?”
Omar replied in her now boring and predictable manner ” “What it means, you know, if you take all of these cases together, if you think about all the grievances that are brought about the Trump election, what you are seeing is severe backlash in the sense that people do not want to see black and brown people excel in this country”.
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“I think it’s really something that is unfortunate that we have to pay attention to,” she added. “And allowing the courts to legitimize licensed discrimination in this kind of way really makes this country not the country that we want it to be, not the kind of future that we want to push forward. Think about 70% of student debt holders being poor and working people. We know that, disproportionally, black women are going to be impact[ed].”
“We know that the wealthy, the billionaires and the millionaires have never been able to carry student debt. The burden is with the families that we all represent, that are struggling to make ends meet. This now will mean that so many people who had this excitement about starting a family, this excitement about starting a small business, all of that is now eroded.”
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The truth is of course that people got along just fine before Biden tried to illegally cancel student debt as a way of garnering more votes. Biden and the rest of the Dems knew the plan was illegal from the very beginning but went forward anyway.
The contentious issue lies not in the recognition of the student loan problem, but in the solution that the Biden administration proposed.
Unprecedented in its scope, the student loan cancellation plan sought to forgive up to $10,000 in student debt and up to $20,000 for Pell Grant recipients earning less than $125,000 per year.
The plan sparked outrage among Republicans who argued that it would be unjust to those who diligently repaid their loans or chose not to attend college. Moreover, the Congressional Budget Office estimated that the plan would burden taxpayers with roughly $400 billion in costs.
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SCOTUS cited Nancy Pelosi in their ruling against Biden’s Student Loan handout:
“People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of… pic.twitter.com/2aRywEkStB
— Benny Johnson (@bennyjohnson) June 30, 2023
In contrast, Republicans introduced a comprehensive plan in June, a series of five bills, which aim to empower students to understand the cost of higher education and curb loans for programs that do not provide salaries commensurate to the debt incurred.
In the words of Senator Tommy Tuberville, “This would prevent some of the worst examples of students being exploited for profit. It would force schools to bring down costs and compete for students. What an idea! Additionally, it would protect students from being overwhelmed by insurmountable debt.”
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In response to the Supreme Court’s decision, Omar expressed hope in President Biden’s commitment to finding other ways to fulfill the promise made to millions of Americans, noting, “We know that the promise that we have made to millions of Americans, I hope that they will find other ways to carry through the promise better now, but they’re going to get the relief that they were promised.”
Yet the question remains: Is it fair to transfer the burden of the student loan crisis to the taxpayers, or should the responsibility fall on the educational institutions and the individuals who took on the debt?
This Supreme Court decision forces us to contemplate the true cost of higher education and calls for a balanced approach that emphasizes individual responsibility and financial prudence.
Today, SCOTUS made the right decision on student loans.
Biden wanted to make waitresses & mechanics pay the student loans of doctors & lawyers who make six figures.
If you take out a loan, you pay it back.
It’s time for a President who values hard work & the people who do it. pic.twitter.com/dXV9r3LjwQ
— Tim Scott (@votetimscott) June 30, 2023
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