Federal Court Blocks Biden’s Taxpayer-Funded Student Loan Bailout
The 8th Circuit Court of Appeals blocked Biden’s taxpayer-funded bailout for those who took on loans they probably should not have.
The stay, issued Friday, blocks the administration from pushing student loan debt onto taxpayers.
“Appellants’ emergency motion for an administrative stay prohibiting the appellees from discharging any student loan debt under the Cancellation program until this Court rules on the appellants’ motion for an injunction pending appeal is granted,” the court order read.
The stay is temporary and in place only while the 8th circuit considers the merits of the case brought by a coalition of states seeking relief from Biden’s heavy-handed abuse of power. The temporary stay could result in the imposition of a preliminary injunction as the states are requesting.
Biden used executive action to create the bailout which, against the Constitution, takes the power of the purse away from Congress – and the people it represents.
The bailout program is expensive. The average burden on every taxpayer in the country is estimated to be about $2,100 – whether they owe college debt or not or even if they have already paid back debt for themselves or family members.
The court’s temporary stay prevents the administration from bailing any debtors out for now and it’s fate will likely require a Supreme Court decision.
I wonder why I didn't hear about this on MSNBC, NBC, CBS, CNN, ABC.
Many Recipients of Biden’s Student Loan Bailout to Use Money for Vacations, Drugs, Alcohol
Congratulations taxpayers, your hard-earned money is going to bail out student loan borrowers so they can go out to eat more, go on vacation, and buy clothes, smartphones, alcohol and drugs.
To find how recipients would use the extra money they would have each month, Intelligent.com surveyed 1,250 individuals who have applied or plan to apply for Biden’s student loan forgiveness program.
Key findings:
73% of applicants say they are likely to spend their extra money on non-essentials, including vacations, smartphones, drugs/alcohol
2x as many Democrats than Republicans say it’s acceptable to spend the money on non-essentials
4 in 10 say student loans haven’t negatively affected their lives
3 in 4 applicants plan to spend extra money on non-essentials
Overall, 73% of applicants say they are likely to spend their extra money on non-essential items and a plurality (52%) said they are ‘very likely’ or ‘likely’ to buy new clothing and accessories. Using the money for a vacation (46%) or eating out at restaurants (46%) were also popular answer choices.
Additionally, applicants say they are likely spend the extra money on:
Smartphone (44%)
Investing in the stock market (43%)
Gifts (42%)
Gaming system (36%)
Wedding (30%)
Drugs/Alcohol (28%)
Gambling (27%)
73% feel that using student relief to buy non-essential goods is wrong, but many plan to do it anyway.
Nearly twice as many Democrats than Republicans feel spending on non-essentials is an acceptable thing to do (12% vs 7%).
The stay, issued Friday, blocks the administration from pushing student loan debt onto taxpayers.
“Appellants’ emergency motion for an administrative stay prohibiting the appellees from discharging any student loan debt under the Cancellation program until this Court rules on the appellants’ motion for an injunction pending appeal is granted,” the court order read.
The stay is temporary and in place only while the 8th circuit considers the merits of the case brought by a coalition of states seeking relief from Biden’s heavy-handed abuse of power. The temporary stay could result in the imposition of a preliminary injunction as the states are requesting.
Biden used executive action to create the bailout which, against the Constitution, takes the power of the purse away from Congress – and the people it represents.
The bailout program is expensive. The average burden on every taxpayer in the country is estimated to be about $2,100 – whether they owe college debt or not or even if they have already paid back debt for themselves or family members.
The court’s temporary stay prevents the administration from bailing any debtors out for now and it’s fate will likely require a Supreme Court decision.
I wonder why I didn't hear about this on MSNBC, NBC, CBS, CNN, ABC.
Many Recipients of Biden’s Student Loan Bailout to Use Money for Vacations, Drugs, Alcohol
Congratulations taxpayers, your hard-earned money is going to bail out student loan borrowers so they can go out to eat more, go on vacation, and buy clothes, smartphones, alcohol and drugs.
To find how recipients would use the extra money they would have each month, Intelligent.com surveyed 1,250 individuals who have applied or plan to apply for Biden’s student loan forgiveness program.
Key findings:
73% of applicants say they are likely to spend their extra money on non-essentials, including vacations, smartphones, drugs/alcohol
2x as many Democrats than Republicans say it’s acceptable to spend the money on non-essentials
4 in 10 say student loans haven’t negatively affected their lives
3 in 4 applicants plan to spend extra money on non-essentials
Overall, 73% of applicants say they are likely to spend their extra money on non-essential items and a plurality (52%) said they are ‘very likely’ or ‘likely’ to buy new clothing and accessories. Using the money for a vacation (46%) or eating out at restaurants (46%) were also popular answer choices.
Additionally, applicants say they are likely spend the extra money on:
Smartphone (44%)
Investing in the stock market (43%)
Gifts (42%)
Gaming system (36%)
Wedding (30%)
Drugs/Alcohol (28%)
Gambling (27%)
73% feel that using student relief to buy non-essential goods is wrong, but many plan to do it anyway.
Nearly twice as many Democrats than Republicans feel spending on non-essentials is an acceptable thing to do (12% vs 7%).
