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Biden’s Plan To Cancel Student Loan Debt Stands After House Fails To Overturn Veto

President Joe Biden’s veto of a bill to block his plan to cancel up to $20,000 in student loan debt for some borrowers remains standing after the House Republicans failed to secure the two-thirds majority needed to override.

The resolution had passed both the House and Senate with bipartisan support, but Biden vetoed it citing that student loan relief would help offset financial strains caused by the Covid-19 pandemic.

The Government Accountability Office (GAO) determined that Biden’s plan was subject to the Congressional Review Act (CRA). Republicans argued that student loan forgiveness would cost American taxpayers $400 billion and be unfair to those who have already repaid their loans or didn’t attend college.

Despite having enough support initially, Wednesday’s vote in the House failed 221-206 along party lines. However, this doesn’t mean that it’s over yet—the Supreme Court still needs to rule on this measure. Republican attorney generals and conservative groups contend that Biden’s plan is “an illegal abuse of executive power”.

They believe that Congress should be making decisions regarding federal spending instead of leaving it up to the President’s discretion. Therefore, they are challenging its legality in court as well as attempting an override of Biden’s veto in congress.

The implications of this decision could be far reaching if upheld by Supreme Court. It could set a precedent allowing future presidents more leeway when it comes to using executive powers when Congress fails or refuses to act on certain issues such as environment regulations and healthcare reform – both hot button topics for many voters leading into upcoming elections.

It also could open up new possibilities for other forms of debt relief such as medical debt which has been growing steadily since before Covid-19 pandemic.

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3 Responses

  1. Who’s money did Biden just give away for students who partied through College and have no ethics? The Tax payers. If they have no common since other than to build up a huge college debt then what makes you thing they won’t shaft everyone else when they get out. They should show some responsibility and pay off THEIR debts or join the service of the Nation until it is paid off.

  2. Ok,Joe congratulations on your 2024 election victory. Maybe you’ll garner 100,000 votes next time. If you rob Peter to pay Paul, you’ll always have Paul’s vote.

    One quick question, genius: what about next year? To paraphrase Ronald Reagan, the closest thing to eternal life is a government program.

  3. Isn’t it funny how every time the “Tax the Rich” crowd has their way, it’s the Poor man who gets it $tuck up his ass?

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