Staff Reports
Look, President Biden’s controversial student loan forgiveness plan has managed to squeeze through a legal labyrinth but only partially. This is a plan that’s shockingly designed to saddle taxpayers with the educational debts of others. The Saving on a Valuable Education (SAVE) Plan aims to help low- and middle-income borrowers pay less, but it’s truly a disguise for government overreach and wealth redistribution.
Unsurprisingly, the lawful minds in Kansas and Missouri saw through the smoke and mirrors. Federal judges smartly put parts of Biden’s grand giveaway on ice, sending shockwaves through the administration. However, in a twist that should surprise no one familiar with how our institutions work, the 10th Circuit Court of Appeals ordered that lower payments on undergraduate student loans for about 3 million people can proceed.
Some parts of this radical plan are inching forward, thanks to an emergency stay from the Kansas court’s initial injunction.
Washington Examiner: Biden student loan plan bailed out — for now https://t.co/TYisR1iKC7
— Ian Hansen 🇺🇸🇺🇸 (@IanHansenFeed) July 2, 2024
Meanwhile, Missouri’s injunction remains rock solid in the Show-Me State, halting the most critical parts of Biden’s debt-cancellation efforts. So, for now, a full-scale bailout seems unlikely, much to the chagrin of progressive activists.
But the fight isn’t over, and neither is the absurdity of some parts of the SAVE plan still standing—like help for borrowers whose debt scales Mount Everest due to unpaid interest. Biden’s effort to cancel student debt might still be struck down by courts, much like his initial ambitious attempt that got a unanimous “no” from the Supreme Court.
In a bout of irony that’s almost poetic, Biden faces more pressing concerns within his own party. His underwhelming performance at the recent debate has sparked an internal outcry, with murmurs growing louder over whether he should even bother running in 2024. If he thinks a flailing economy under his watch and his fantasy of bailing out student loans is a winning ticket, he might want to think again.
