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U.S. Appeals Court temporarily blocks Biden's student loan handout


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https://www.foxbusiness.com/politics/u-s-appeals-court-grants-injunction-temporary-blocking-bidens-student-loan-handout

US appeals court temporarily blocks Biden's student loan handout

The 8th U.S. Circuit Court of Appeals sided with several Republican-led states

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The 8th U.S. Circuit Court of Appeals granted a motion on Friday to temporarily block President Biden's estimated $500 billion student loan handout plan.

The appeals court ruled in favor of six Republican-led states who requested that Biden's handout plan is halted while the court works through its request for an injunction.

Biden's plan, which aims to cancel up to $20,000 in student loan debt for Pell Grant recipients in college and up to $10,000 for others who borrowed using federal student loans.

Qualifications for the handout include having an adjusted gross income of less than $125,000 individually, and less than $250,000 if married.

 

For those here who do not understand this process...

1. Either private lenders or the Federal Government provides Student Loan (which personally, I would do away with in a New York minute, since all they do is make price gouging colleges rich and bid up the cost of tuition.)

2. The student has to pay that money back, maybe at graduation, certainly when the bill is due, even if the kid does not graduate.

3. Cancelling the loan means telling the lenders they will not be getting their money back. (And along those lines, the money lenders start using more aggressive underwriting techniques to limit loans to students who are honest enough to pay them back.)

4. Unelected Joe did NOT cancel those loans. He decided to use TAXPAYER MONEY (which has been borrowed so much that the taxpayers who will be funding this thing haven't been born yet) to pay those lenders back. He did this to buy votes from more idiots.

5. The 8th US Circuit Court Of Appeals has decided to block this egregious attempt to buy votes.

 

Government paying off student loans is welfare to the rich.

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1 hour ago, herbie said:

Same Republicn mentality that says 'I had to go bankrupt for cancer treatments, go f+++ you, you do too'.

Greedy aresholes protecting someone elses right to get rich.

And yet you have no problem with WELFARE TO THE RICH. That's all student loans are. They allow left wing diploma mills to  price gouge the public for degrees that won't get you a burger flipping job.

The greed is YOUR communist/Nazi side of the aisle. My side is the folks PAYING for it.

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So someone with 'reason' in their username lacks it as much as people with 'patriot' and 'christian' do in theirs, eh?

I might even get insulted but calling me a nazi and a commie at the same time only states your utter utter political ignorance to a tee. The view of universities as a breeding ground for elites point to why your people are hitching rides on 1970s Russian spacecraft and buying up Chinese laptops. Your MAGA goal seems to be an actual Idiocracy, one electoral brain fart who's smell still lingers.

Why not just go out and yell your moronic cliches to the clouds like the normal intellectually challenged do? Or change the battle cry to MAUA (Make Americans Ugly Again) as that seems to be the moment of glory you worship

 

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4 hours ago, herbie said:

So someone with 'reason' in their username lacks it as much as people with 'patriot' and 'christian' do in theirs, eh?

I might even get insulted but calling me a nazi and a commie at the same time only states your utter utter political ignorance to a tee. The view of universities as a breeding ground for elites point to why your people are hitching rides on 1970s Russian spacecraft and buying up Chinese laptops. Your MAGA goal seems to be an actual Idiocracy, one electoral brain fart who's smell still lingers.

Why not just go out and yell your moronic cliches to the clouds like the normal intellectually challenged do? Or change the battle cry to MAUA (Make Americans Ugly Again) as that seems to be the moment of glory you worship

 

Gee whiz...it really upsets you that, all that effort to cheat in an election, a total loss of respect, 2 years of abject failure, and now the very real prospect of losing control of both houses...doesn't it.

Don't worry herbie baby, the MAGA movement is coming to clean up the mess you Libbies have made.

And prosecute those who have abused power...

With extreme prejudice. 

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