Staff Reports
Washington’s bureaucratic bacchanal took a hit when the 8th Circuit Court of Appeals decided to pump the brakes on President Biden’s coddling of perpetually indebted college grads. The court’s ruling halts the administration’s latest scheme to make those who wisely avoided the student debt trap foot the bill for those who didn’t. A group of states, led by Republicans (who else would actually care about fiscal responsibility?), succeeded in getting an administrative stay against Biden’s entire student loan forgiveness charade.
In a masterstroke of irony, the ruling hit the same day Biden announced yet another round of student loan giveaways. This time, he intended to wipe out $1.2 billion for 35,000 borrowers under the Public Service Loan Forgiveness (PSLF) program. Of course, this handout was aimed at perpetuating the myth that only teachers, nurses, and firefighters dutifully paying their dues deserve forgiveness—in other words, anyone who could serve as a useful prop for his bleeding-heart agenda.
Federal appeals court blocks remainder of Biden’s student debt relief planhttps://t.co/Ls9n8xkL1W
— 7News Boston WHDH (@7News) July 18, 2024
Originally, the PSLF was passed way back in 2007, supposedly to reward public servants who managed to stick it out for 10 years in their aid-dependant jobs. However, the actual relief turned out to be as elusive as a unicorn, thanks to the impenetrable maze of rules and bureaucratic glitches. Enter Biden, adjusting the program’s rules and retroactively doling out credits like candies on Halloween.
Legal challenges have dogged Biden’s SAVE plan—aka yet another ploy to buy votes through generosity with other people’s money. Federal judges in Kansas and Missouri initially wiped the floor with key elements of the plan, including the laughable reductions of monthly income-based payments from 10% to 5%. Yet, liberal circuits like the 10th had to swoop in and let the Department of Education proceed with those lowered payments.
However, the 8th Circuit’s latest ruling halts all aspects of the SAVE plan, likely causing some sleepless nights at the Department of Education. Of course, the administration released a predictably pious statement about their efforts to “help” eight million borrowers access lower monthly payments. Their remarkable achievement: making zero-dollar payments a reality for 4.5 million borrowers—essentially gifting a college education without any expectation of actually paying for it.
It’s yet another classic case of Democrats offering handouts with no regard for the actual cost to taxpayers. While the left continues to spin its narrative of compassion, Republican states are the lone voices of sanity, fighting to prevent this latest fiscal disaster from further burdening hardworking Americans who did the responsible thing—paying their own bills.
