Former Education Secretary Betsy DeVos blew the whistle on Biden’s student handouts scheme shouting that it’s a hundred percent illegal. Biden’s cutting checks for former students who previously committed to repaying the loan that they took out. It’s a cheap trick to win votes after the creeper-in-chief lost his party votes across the board.
DeVos snapped, “First of all, it’s a hundred percent illegal.The president has no authority to just wave a magic wand and suddenly forgive billions and billions of dollars in student loan debt. Congress has the power of the purse, not the president. Secondly, it is totally unfair to all of those who have not taken out student loans. Two out of three Americans who have not attended a four-year college or university. And for those students who faithfully have been paying their student loans down, how does that work for them?”
She continued, “Not to mention the veterans who have earned their tuition and earned the privilege of attending higher education because of their service. It is fundamentally unfair. It is wrong. And not only that, but it doesn’t solve any problem.”
DeVos concluded that “all it does is mean a political payoff to voters that Biden and his administration hope to attract in November.”
Lawmakers on both sides are demanding that Nancy Pelosi hold Biden accountable for his crimes against taxpayers. Pelosi previously spoke out against government hand outs and claimed that it wasn’t in the president’s power.
Pelosi said in July 2021 that “people think that the President of the United States has the power of 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 Congress.”
Biden’s decision to transfer the debt of college graduates onto working Americans – euphemistically called loan “forgiveness” – brings with it a host of policy and legal questions.
The move has a staggering price tag: at least $570 billion. And that’s not including the continued “pause” on repayments in place through the end of the year, costing taxpayers $5 billion each month. The cost is exceeded only by the unfairness of the action, which punishes the millions of Americans who dutifully paid off their student loans or avoided taking on college debt altogether.