Biden Vetoes Measure To Overturn Student Loan Forgiveness Plan | Eastern NC Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Daniel Chaitin.

    President Joe Biden vetoed a measure that would overturn his plan to cancel large amounts of federal student loan debt that could affect tens of millions of borrowers.

    "Congressional Republicans led an effort to pass a bill blocking my Administration's plan to provide up to $20,000 in student debt relief to working and middle class Americans," Biden said in a tweet on Wednesday. "I won't back down on helping hardworking folks. That's why I'm vetoing this bill."

    The GOP-led House passed in March a joint resolution of disapproval employing the Congressional Review Act, which allows lawmakers to overturn executive branch rules while doing away with the 60-vote threshold to overcome a filibuster in the Senate. By a 52-46 vote, with Sens. John Tester (D-MT), Joe Manchin (D-WV), and Kyrsten Sinema (I-AZ) joining Republicans, the upper chamber passed the measure last week.

    Rep. Bob Good (R-VA) first sponsored the resolution after the Government Accountability Office ruled the Education Department's actions in this matter were eligible for congressional action and the Congressional Budget Office estimated that cancelling outstanding student loans from the federal government would cost $400 billion.

    "President Biden's so-called student loan forgiveness programs do not make the debt go away, but merely transfer the costs from student loan borrowers onto taxpayers to the tune of hundreds of billions of dollars," Good said in a statement at the time. "Congress should stop these unilateral actions, and I am proud to lead the fight in the House to hold President Biden accountable for his reckless, unfair, and unlawful student loan proposal. I hope all my colleagues will join me and support this effort."

    While Biden's opponents in Congress do not appear to have the numbers to override a veto, the student loan plan still has a major hurdle to clear in court. Legal experts believe the conservative-majority Supreme Court will reject the program in a ruling that is expected this summer.

    When Biden announced the debt relief plan in August before the midterm elections, he described it as being part of a wider effort to provide assistance to working families struggling with "strains" associated with the COVID pandemic, a strategy that also included extending a pause on federal student loan payments. That moratorium is slated to expire this year.

poll#145

After one full year of the Biden /Harris Administration: Does Joe Biden have the intellectual capacity, and, or the energy to lead the United States of America through the mess that he predominately created ... in just one year?

  Yes

  No

  Unsure

1,222 total vote(s)     What's your Opinion?

poll#174

Among the many other lackluster performance standards by the Biden Administration - the most recent, allowing the Chinese Spy Balloon unfettered access to the skies above this Sovereign Republic - Joe Biden's foreign policy is considered by most true experts to be mediocre to abysmal at best. If one were to give a fair assessment of the quality of this apex duty of this Executive Branch: What would be your opinion of the Biden Administration's Foreign Policy initiatives and, or obvious faux pas?

  President Biden is a Foreign Policy expert of consummate skill just like his brother, Jim, and his son, Hunter.

  America's First Idiot President is corruptly committed to making the World far less safe, while surrendering OUR United States of America's sovereignty whenever, wherever possible.

  Mr. Biden is MY President because I pay close attention to only what rewards me, thus demanding as little sacrifice as is my nature to offer, or shrug.

239 total vote(s)     What's your Opinion?

poll#173

In the face of a known scandal finally being revealed by the corrupt Legacy Media regarding Joe Biden, his Mishandling of Classified Documents and his long history of Influence Peddling to our Foreign Adversaries for Personal and Familial Profit: What do you believe the outcome will be in America's Leftist practice of a Two Tiered Justice System?

  Nothing will happen since the Democratic Socialist Left is corrupt to the core, and their non patriot ambitions are only the control of power.

  Justice WILL be served, but NOT without a tremendous fight by those willing to save the Republic.

  Why can't everyone else understand that the Left is special because we care so much for our own, especially the well being of the president and his family, especially Hunter.

  What difference does it make; I am a product of a failed public education system.

470 total vote(s)     What's your Opinion?