Democrat President Joe Biden is defying the United States Supreme Court yet again with another taxpayer-funded handout for college-educated voters.
As the critical November elections draw near, Biden is preparing to bill American taxpayers another $750 billion to wipe student debts, Fox Business reported .
This attempt follows a previous loan forgiveness effort struck down by the Supreme Court.
The proposal was announced last week as another attempt to ram through a plan to cancel student debt.The Department of Education (DOE) said it would apply to as many as 30 million borrowers and proposed a modest cost estimate of $150 billion.A more realistic assessment from the Committee for a Responsible Federal Budget finds it could be at least triple that amount.The official DOE estimate doesn’t take into account cases where the Secretary of Education would cancel debt anyway, such as default and hardship cases.“Including this provision, we estimate the plan could cost […]
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