College loan forgiveness is just buying votes with Federal tax dollars. That’s illegal.
College loan forgiveness isn’t “forgiveness”. Those loans have to be paid back by someone. Banks need to be made whole. And that someone on the hook for this money is now the Federal taxpayer who never benefited from those loans. The Federal taxpayer never got the money, or promised to pay it back.
This is an expense out of the Federal coffers. All spending has to originate in the House. Where’s the bill, passed by our representatives, funding this? Without such, Biden’s Executive Order spends money not authorized by our representatives. That’s unconstitutional.
There’s no car loan forgiveness. There’s no mortgage forgiveness. No one is offering money to those who went to vocational schools. No one is offering money to those who paid their way through college. No one is offering money to those who never went to college.
Why should those who promised to pay back college loans now get $10,000 paid by Federal taxpayers? Equal protection under the law? Not even close.
You get money by signing a document, promising to pay it back with interest.
Joe Biden signs a document (Executive Order) forgiving payback of $10,000 of that money.
But Joe Biden isn’t paying that $10,000. Who is? All Federal taxpayers.
Every taxpayer or borrower should be really angry about this. No one benefits.
