On the recordFebruary 29, 2024
Last summer, the Supreme Court of the United States ruled against President Biden's student loan handout plan, totaling more than $400 billion. The High Court determined that taking on that kind of debt, spending that much money, must be approved by Congress. Despite this, we have seen the administration abuse whatever regulatory lever it can find, every executive action they can think up, to do it anyway. Unfortunately, it is working. In recent months, tens of billions of dollars in borrowed money are no longer due for payment. Let's be clear. Student loan debt can't be forgiven. It is simply being transferred to the American taxpayers, regardless of whether they went to college themselves or if they did the right thing and paid their own debt off. I urge the White House to end this cycle of adding billions to our debt with the stroke of a pen. We are already an unprecedented $34.2 trillion in the hole. ____________________
Source
govinfo.gov
