BIDEN WILL CANCEL ANOTHER 7.4 BILLION OF DEBT FOR 277,000 BORROWERS ACROSS THE U.S.
"With The National Debt Topping $34.5 Trillion Biden Announced On Friday That He Is Forgiving Another in $7.4 Billion In Student Debt."
Friday, April 12, 2024, 10:00 A.M. ET. By Jennifer Hodges: Englebrook Independent News,
WASHINGTON, DC.- White House Press Secretary Karine Jean-Pierre will announce on Friday that President Biden, The man who grew up in Black Churches, attended Hebrew Services in Pittsburg, went to Hispanic Family Gatherings, was Part of The Greek Community, and as Rode the Train over The Francis Scott Key Bridge in Baltimore will Cancel another $7.4 Billion in Student Debt as The Nations Debt Tops $34.5 Trillion. Today's Loan Forgiveness amounts to nothing more than a Vote Buying Scheme as Biden's Poll Numbers continue to decline.
The White House on Friday announced that it's canceling an additional $7.4 Billion in Debt as part of The Biden Administration's most recent attempt at widespread Student Loan Forgiveness ahead of The 2024 Presidential Election. The Administration's announcement will target approximately 277,000 Borrowers across The United States, which will ultimately lead to an increase in the National Debt and a failure in the efforts to reduce inflation.
President Biden touted his "Saving on a Valuable Education" Plan, which originated after The U.S. Supreme Court struck down President Biden's Student Loan Forgiveness Plan.
"These 277,000 borrowers are enrolled in my administration's SAVE Plan or were approved for relief because of we made to Income-Driven Repayment Plans and Public Service Loan Forgiveness," Biden said in a news release. "From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity."
Since taking office in 2021, President Biden with Today's announcement brings the Total Student Loan Forgiveness by The Biden Harris Administration to $153,000 Billion for roughly around 4.3 Million Americans. Strapping Taxpayers with paying the amount, as the Majority of American Households are Struggling to pay their monthly bills.
The White House's announcement comes after 18 States Filed Suit to prevent Biden's Student Loan Plan.
Missouri, Arkansas, Florida, Georgia, Ohio, Oklahoma, and North Dakota joined a Growing Number of States in Filing a Complaint against the plan on Tuesday. Missouri Attorney General Andrew Bailey's Lawsuit cited that Biden's "SAVE" Plan, announced in February, is Illegal and would cost American Taxpayers $475 Billion.
Bailey's Lawsuit comes a few weeks after Kansas and Ten Other States Sued The Biden Administration over the same plan. "With a stroke of his pen, Joe Biden is attempting to saddle working Missourians with a half trillion dollars in debt. The United States Constitution makes clear that the President lacks the authority to unilaterally cancel student loan debt for millions of Americans without express permission from Congress," Bailey said to Fox News.
Many Americans are wondering why Biden can take Executive Action to Forgive Student Loan Debt, but will not take Executive Action to Close The Border. The Save Plan is nothing more than The Biden Administration buying votes ahead of November's Election.
Taxpayers can only hope that Biden's "SAVE" Plan will amount to just another one of Biden's Failed Policies.
FILED UNDER: APRIL 12, 2024: BREAKING, EDUCATION, NATIONAL, LOCAL, WASHINGTON, POLITICS, ELECTION 2024: