House Cmte.: “There Is No Such Thing as Debt ‘Forgiveness;’” Joint Resolution to Block ‘Biden’s Stud

[libertybele]

House Cmte.: “There Is No Such Thing as Debt ‘Forgiveness;’” Joint Resolution to Block ‘Biden’s Student Loan Scam’ Advances

On Thursday, the House Committee on Education and the Workforce advanced a joint resolution (H.J. Res. 45) to block a Biden Administration rule forcing taxpayers to pick up the tab for billions of dollars of student loans. H.J. Res. 45 is now scheduled to be considered by the House Rules Committee on Monday, May 22.

If passed by both the House and Senate, the joint resolution would overturn President Biden’s Debt Relief Plan and prevent any further extension of the pause on federal student loan repayment.

Introduced by Rep. Bob Good (R-VA.) in the House, and Sen. Bill Cassidy (R-LA.) on the Senate side, the joint resolution would overturn President Biden’s Debt Relief Plan and prevent any further extension of the pause on federal student loan repayment.

As the Committee’s report explains, the resolution seeks to save taxpayers more than three hundred billion dollars:

    “H.J.Res.45 takes an important first step towards stopping the Biden Administration’s student loan scam by barring the discharge of up to $20,000 in federal student loans for borrowers making up to $125,000 ($250,000 for married couples) and preventing any further extension of the repayment pause. These Biden administration actions, first announced on August 24, 2022, would ultimately cost taxpayers $315.6 billion and would have unprecedented repercussions for students and taxpayers if implemented.”

“President Biden’s student loan scam is illegal, unfair, and immoral. There is no such thing as debt ‘forgiveness’” the Committee concludes, noting that the Biden rule punishes financially-responsible taxpayers:

    “President Biden is simply transferring the debt from borrowers who willingly took out student loans to hardworking taxpayers who did not. This is no insignificant portion of the population: in fact, eighty-seven percent of Americans did not take out loans. This number includes those who did not go to college, who worked to avoid loans, or who had the grit to pay their loans back.”..................

https://www.mrctv.org/blog/house-cmte-there-no-such-thing-debt-forgiveness-joint-resolution-block-bidens-student-loan

[roamer_1]

This is fine, but thin gruel until some device is made to require some consequence from universities who sell useless degrees.

[Smokin Joe]

This is fine, but thin gruel until some device is made to require some consequence from universities who sell useless degrees.

Until Americans get over the credentialization of everything, that won't happen.

Somewhere we got the idea that going to college was good for all, and it just isn't.

Some, yes, I'm one of the rare ones who spent decades in his field--and will probably get a few years more, but most only use that sheepskin to cover a crack in the wall.

Entire fields of study (college majors) have been invented that sound like a chapter off the intro course syllabus when I went to school.

And there is the problem, because entire fields have been invented ('gender studies', for example) to employ the graduates, and the PhDs just tell us all we need their input in our daily lives, via tax-supported, peer-review research. We're almost back to debating how many angels can dance on the head of a pin.

In the meantime, you still need a good plumber, carpenter, electrician, tree surgeon, farmer, mechanic, etc.