The Supreme Court struck down Biden’s student debt forgiveness program. Curiously, Nancy Pelosi called this correctly.
Today the US Supreme Court wisely struck down President Biden’s executive power garb that usurps powers granted by the Constitution to the legislative branch of government. The 77-Page Supreme Court Decision was 6-3.
A paragraph on page 23 (PDF page 28) caught my eye.
… (quoting Gonzales v. Oregon, 546 U. S. 243, 267–268 (2006)). As then-Speaker of the House Nancy Pelosi explained: “People think that the President of the United States has the power for 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.” Press Conference, Office of the Speaker of the House (July 28, 2021).
If you thought Nancy Pelosi never made any sense, you stand corrected.
The Unthinkable President Biden
Despite being warned in advance, by Nancy Pelosi, President Biden called the decision “unthinkable”.
Precisely because he could not think, Biden kept upping the ante with more and more delays culminating in debt forgiveness for at least 16 million borrowers.
Biden doesn’t think. Instead he lets Elizabeth Warren do his thinking for him. Warren’s handwriting is all over the unthinking president’s handling of student debt. And her signature is all over Biden’s Marxist nominees to the Fed.
Elizabeth Warren May as Well Be President, She Makes All Biden’s Calls
On December 28, 2021 I made the case Elizabeth Warren May as Well Be President, She Makes All Biden’s Calls
Joe Biden’s nominee for the Comptroller of the Currency Saule Omarova on oil, coal and gas industries: “We want them to go bankrupt if we want to tackle climate change.”
No one should be surprised by this even though Biden is not bright enough to find these Marxist nut cases on his own.
See the above link for details on who is making Biden’s calls.
And check out this Tweet by Saule Omarova praising Russia.
“Say what you will about old USSR, there was no gender pay gap there.“
Mercy!
Enough is Enough
The Supreme Court finally had enough of Biden’s nonsense.
Perhaps you think student debt should be cancelled. I strongly disagree. But that is not the point. The point is, as Nancy Pelosi understood: “People think that the President of the United States has the power for debt forgiveness. But he does not have that power.“
You may believe in student debt cancellation, but you should not believe nor want presidents taking matters into their own hands with powers they do not have. Both Trump and Biden have taken such actions, but Biden far more often than Trump.
This effort by Biden, to the tune of $400 billion, was clearly unconstitutional.
Since when do presidents get to spend $400 billion without any such law being passed by Congress? Try never, as it should be.
Nonetheless, President Biden says “This fight isn’t over.”
This fight Is Over
Barring an actual bill that passes Congress, the fight is over. But the House will not pass such a bill. And the bill would not sail through the Senate even if the House did.
“Say what you will about old USSR, there was no gender pay gap there.“
Mercy!
——–
what was mercy about? techinically she was correct. !!
USSR did not have private market based economy. there are no any private industries at all.
all was run by goverment, so salaries were equal for man and women!
amount of those was set up on federal-local levels.
alx
That is actually not true. Russia does use a form of our economic system. Their tax system is a rough go. The poor are much poorer. The rich are pretty much left alone. Most of their GDP 8s geared toward the government spending and military.
This may have been a vote buying scheme according to some of the other commenters on here, but the people who got approved for loan forgiveness and have now had it taken away – who do you think they’re going to blame?
2024 is going to be a wipeout election for the republicans – they are detested by voters under the age of 40.
Those losers were going to vote for Democrats anyways. Who cares about $10k anyways? Inflation will make that debt nothing, I was a fool for paying for school and not racking up debt.
I’m sorry you missed out.
But that’s what happens when you read out of date economic history.
Skip the classes and apply for $250,000 / year Dean Of Diversity & Climate Change job.
Reparations next.
Reparations, pshaw.
I’m waiting for the reprisals to the reparations.
“Since when do presidents get to spend $400 billion without any such law being passed by Congress?”
There was a law passed, the HEROES act, and the plain text clearly gives the Secretary of Education the authority to modify student loans in a period of emergency. Biden exposed the stupidity of that law, surprise surprise. The supreme court had to insert a interpretation of that law that is not there in order to cancel the student loan modification order by the secretary of education. The country is better off for it but this is nothing but another 6-3 politically based ruling.
That congress passed a law, doesn’t make it constitutional.
That’s true, I haven’t read the text of the decision, did they just throw out the whole law?
Modifying vs cancelling loans are two different things.
Next up, according to AOC, is an attempt to forgive the student loan debt using the 1965 Education Act.
Good luck with that!
In the Gilded Age (1865 – 1896) the supreme court ruled the country, not the
president, neither congress or the labor unions.
In 2008 Obama sent kids to the classrooms. It was cheaper than burning and rioting in the streets. In 2020 Obama unleashed them against Trump.
Teaser student loans at variable market prices, with an option to skip on payment for 1Y, but not interest rates. Biden tax millennial and Gen Z to reduce the gov budget deficit.
Thanks to SCOTUS for putting stop to another vote buying scheme by democrats.
I am waiting for Mish to comment on France because everyone else it seems.
Isn’t there still a moratorium on student loan payments anyway?
They won’t have to “forgive” the loans.
Just keep extending the payment moratorium and you get the same result.
The good parent will give you ice cream for dinner. The mean and evil (and racist) parent will take it away.
Vote for me and I’ll give you $10,000 to $20,000.
Another outcome from this decision will be a stream of income for the government from student loan payments. This will help delay the next debt limit battle.
Had a chuckle at the reference to the USSR. Brings to mind the old Soviet saying – “we pretend to work, and they pretend to pay us”
The Soviet Union fell but Marxists are still alive and kicking like our imported Omarova. The never-ending war between the moderates and the extremes has turned from cold to hot and now to burning.
All the more reason to broadcast the new monetary paradigm of Gifting to the masses in order to insure the victory of politicians who want to avoid economic collapse via its virtually universal benefits. Even libertarians will not be able to personally resist its benefits and, if they’re philosophically honest, they’ll have to agree that a monopoly paradigm that private banks enjoy…cannot be defended.
Right from the get-go this was nothing but a case of “throw the bowl of spaghetti at the wall and see what sticks”.
That’s modern leadership
The Bee had this correct: link to babylonbee.com
Yes. The Bee is often right and always funnt.
It was obvious from the start that the executive branch doesn’t have this power, and I’m fairly certain Biden knew it. Looks like a play to say ‘see what happens when you don’t vote? Evil justices get appointed for life, and now you’ll be paying on those loans for life”
Pretty solid strategy.
He is just pandering to the stupid youth vote which desperately needs to take a civics 101 class. Dept. Of Ed does a lot of dumb stuff like charge absurd % interest when they have access to cheap money and then let the predatory banks manage it. This imperial executive department attitude needs to be cut off at the knees and thank God the courts can do this. Still, he can pander to millennials that don’t know what country they live in and get those cheap and easy votes. It was probably always planned this way. Like reparations to get Black vote.
The stupid youth are shiftable… the stupid olds belong to trump.
Let’s hear it for all us olds… all Trump policies WERE and ARE … SMACK ON.
Exactly correct. The voting scales are tipping in favor of millenials and zoomers, they are actually a larger population block than boomers and it will only grow over time as more and more boomers die off at a rate of 5000 per day most of whom vote republican. I suspect 2024 elections will be the last time republicans hold offices at the federal level but we’ll see.
The supreme court also recently slapped down the GOP’s gerrymandering nonsense but there wasn’t a post about it here.
link to politico.com
All that needs to happen is millenials and zoomers need to get off their butt and vote. And of course register all those incoming ‘open borders’ refugees as democrats and the GOPs failure will be complete and total. Got popcorn to watch it all from afar?
The younger voting block can and will most likely change as they age.
Although the following quote is attributable to Winston Churchill, there is no record that he actually said it (most likely a variation of what a French politician quipped in the 1800s)
If You Are Not a Liberal at 25, You Have No Heart. If You Are Not a Conservative at 35 You Have No Brain.
The hippies changed because they got comfortable middle class lives. That’s not going to happen for zoomers
What is a Republican – a Democrat that grew up.
These days it’s more like someone that has less than 10 years of life left on this earth. See ya boomers!
i think the joke was….a democrat who got mugged
“What is a Republican – a Democrat that grew up.”
..grew older. Not “up.”
Still the same blind faith in all and any illiterate, self promoting wannabe stongmen as always. Just now also demanding that Massa throw them a few percent of the loot they steal from those more productive; instead of using absolutely 100% of it on the childish grandstanding they cheered for back when they were still young enough to get laid without having to pay for it.
I did my college the easy way. I went in the Navy. Vietnam veteran . Retired Navy.
I didn’t ask for a dime, I didn’t borrow money. I didn’t demand anything from anybody. Nobody owes me anything.
Correct. They will do so, never having learned the lessons of past generations. They will demand services from the government. When there are unignorable deficits, they will demand that higher incomes be taxed more. Unsustainable deficits will require “stimulus” and inflation. Then as the world’s most productive and creative people and companies choose to leave / not emigrate to the US, the millenials will wonder why their lifestyles lag and they will demand more government services to allow them to live a higher lifestyle than they produce. Which will require more services, income transfers and…higher taxes. Meanwhile, other countries more hospitable to capital will grow faster, have lower unemployment, and will slowly gain, then surpass the US. Democracy contains the fruits of its own demise… that voters will vote for politicians who offer them “stuff” paid for by others. I hope I’m wrong.
Democracy works until you run out of other people’s money.
(It used to be Socialism, but you can’t tell the difference anymore.)
See also, Argentina.
Hey, comments now work in Firefox on Linux!
And in the library with a candlestick.
I think refugees lean conservative on social issues. Illegal immigration will become an interesting play of socialism v. family values when the second generation is born here and reaches voting age.
I agree. maybe i’m 40 years off, my the wonderful lady who cuts my hair, from Vietnam, said to me: you can’t even say what you think in this country now
Unwoke people shouldn’t think wrong and unDemocratic things out loud.
Well, democratic party so drastically morphed into socialist democratic party, going forward only freeloaders, uninformed/misguided, perverts and federal workers will vote for democrats.
“…only freeloaders, uninformed/misguided, perverts and federal workers will vote for democrats.”
And only freeloaders, uninformed/misguided, perverts and deadweights on welfare will vote for Republicans.
Deadweights on welfare voting Republican?
Trevon, are you sure?
” Got popcorn to watch it all from afar?”
Empires fail from the outside, in.
The change from Disqus has really resulted in a decline in the quality of the comments here.
If what you say is true, the country won’t last long under single party rule. No country ever has. Unchecked power ALWAYS leads to the same ending.
So?
China, 74 years and counting.
To quote JMK: “In the long run we are all dead.”
Yes, but China doesn’t have several hundred million armed citizens.
But rather than individuals, it would most likely be a second coming of the south ceding. This time it would probably be into 3 parts: The 2 coastal regions and the middle and southern states that formed 3 new countries.
TexasTim, as cold as it is I will not surrender the Northern Midwest to Canada.
Yes, but these are arguments in favor of dissolving the Union, since what you have are fundamentally different peoples with entirely different outlooks. Otherwise, you’ll end up with an intolerable one party state without anything to stop a Leftist purity spiral. The ‘Democracy’ will end up becoming performative, and there will no feedback outside of elite consensus within the inner party.
Yep