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Republican lawmakers in both chambers of Congress have kicked off an effort to overturn the Biden administration’s student loan bailout.
Concerns are being raised by the Supreme Court over whether Joe Biden can actually forgive student loan debt as he has promised.
The total cost of President Joe Biden’s plan to forgive student loans for millions of Americans is in, and it’s a doozy. According to the Congressional Budget Office (CBO), the plan will run around $400 billion.
About one in five of the White House aides required to file a financial disclosure, as Bloomberg News previously noted, reported owing student debt.
Former Obama economic advisor Jason Furman thoroughly dismantled President Biden’s newly announced student loan handout calling it “reckless” and “inflationary.”
President Joe Biden is reportedly getting closer to a decision that could cancel roughly $10,000 worth of federal student loans per borrower.
Student loan repayment had been paused because of COVID, but will not be extended, per the Biden administration.
Representative Alexandria Ocasio-Cortez (AOC) cited her own $17,000 in student loan balances in a speech arguing in favor of canceling education debts.
Joe Biden’s national policy director chillingly said that “big, bold” executive orders on guns and healthcare are coming.
Representative Ilhan Omar has revealed that her “Squad” gave Joe Biden a to-do list of things from her radical agenda.
Senator Chuck Schumer (D-NY) is demanding that Joe Biden use an executive order to cancel millions in student loan debt.