Wednesday, August 24, 2022

Does the Executive Branch have the authority to "forgive" student loans?

It is a simple question.

If the Student Loan program is enshrined in law written by the Legislative Branch and if it is funded by budgets proposed-and-passed by the Legislative Branch, what language in the law grants the Executive Branch unilateral authority to modify the conditions of those loans?

12 comments:

  1. It doesn't. All hail King Joe the 1st.

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  2. What is this "law" you speak of?

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  3. No they don't. Is that going to stop them from doing it?

    No, it will not.

    For prior example of Dems knowing their action is unconstitutional and doing it anyways, see Obama and DACA.

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  4. Probably not. But as the saying goes, how many Divisions does the Supreme Court have? And Congress is going to be its typical useless "check and balance."

    Time for a little tax civil monkeywrenching. File by paper. Go ahead and use software, but abort the e-file. Then fill out the forms in longhand script ballpoint pen to mail it in. Choke 'em on it.

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  5. Short answer, NO !!!
    But Democrats do many things that are illegal and get away with it.

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  6. Emergency powers that were never rescinded.

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    1. What was the emergency that caused Executive action ? People are faced with having to pay off their VOLUNTARY obligations all the time.

      What is the difference between a student not paying off what they borrowed and a person who took a loan to start a business ? Our government closed down businesses and threatened arrests if they were opened if they didn't lock down during Covid. Then they allowed the property tax on businesses to go up at the same time they were locked down. Good way to deplete a savings bank account, no ?

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  7. Oh what a slippery slope we have ventured onto, asking if legal authority exists to do what has been done.
    As just one glaring example, when was the last time that Congress actually passed a declaration of war? (Hint: it was a crippled, 3 term, communist president that signed it.)

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  8. Oh puh-lease, It's obvious that it is (or will retrospectively be found by a complicit/bribed 'scholar') written for all to see (if you squint, its dark, and being myopic or stupid helps) in the very penumbra of The Constitution.

    I think it's "quaint" that you still think 'the law' still has any meaning to 'them'.

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  9. The executive has no authority over spending and such an action must go through congress so that it at least has some of the will of the people behind it. I'm all for wiping out the student debt but there is a right way and plenty of wrong ways to do it.

    IMHO, unless we secure the border, fix the national demographics, and roll back all the disastrous ideas of the last century that brought us here first then it doesn't matter what happens anymore; the country is finished. We as a people and as a country are incapable of paying the national debt off, never mind the unfunded liabilities; might as well toss everything on the bonfire and default.

    - Arc

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    1. Love to hear the rationalization for thinking wiping out student loan debt is a good thing (for anyone other than those who took out the loans.) What is the "right way" of which you speak?

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