On Friday, The Washington Free Beacon posted an article about President Biden’s student loan forgiveness program. The program represents the federal government interfering in a signed contract–similar to the government’s interference in contracts between renters and landlords during the Covid pandemic.
The article reports:
The United States government has stopped taking applications for student debt relief, after a federal judge blocked President Joe Biden’s loan forgiveness plan, according to a notice on a government website.
A judge in Texas who was appointed by former President Donald Trump ruled on Thursday that Biden’s plan to cancel hundreds of billions of dollars in student loan debt was unlawful and must be vacated. The Biden administration is appealing the ruling.
In July 2021, The New York Post reported the following:
House Speaker Nancy Pelosi disputed the notion that President Biden has the authority to unilaterally cancel students’ federal loans.
“People think that the president of the United States has the power for debt forgiveness,” Pelosi said during her weekly news conference on Wednesday.
“He does not. He can postpone, he can delay, but he does not have that power. That has to be an act of Congress.”
However, the President signed an Executive Order providing student loan forgiveness, and applications have poured in.
The student loan forgiveness program, even if it does not move forward, has served its purpose.
On Wednesday, Breitbart reported the following:
Voters between the ages of 18 and 29 cast their ballots in favor of Democrats 63 percent of the time in the 2022 elections, exit polling data found.
Data from NBC exit polls found that the demographic, comprised of Generation Z and the Millennials, voted 63 percent for Democrats and just 35 percent for the Republicans.
Generation Z and the Millennials were promised free stuff and do not have the education or the critical thinking skills to understand that free stuff isn’t free. The government has no source of revenue other than printing money or taxing Americans. I suspect we will see more promises of free stuff for this group in the future as this group traditionally does not come out and vote at election time. This time Generation Z and Millennials made the difference.