Large number of students to use Biden loan-cash giveaway on vacation binges!

This story was originally published by the WND News Center.

Joe Biden has announced a plan to “forgive” hundreds of billions of dollars in student loans – up to $20,000 per student.

Only the loans aren’t really being forgiven, they’re just being billed to taxpayers instead of the students who took the money and spent it.

Now a column by Paul Bedard at the Washington Examiner explains what the recipients of Biden’s largesse plan to do: VACATION! And drink. And do drugs.

He reported that “nearly three-quarters of the thousands of university students set to receive up to $20,000 in tax dollars to cover their bad loans plan to spend it on vacations, booze, and drugs, living up to their deadbeat image in the mind of many taxpayers.”

In a report shared with Bedard, the website Intelligent.com reported “73% do agree using student relief to buy non-essential goods is wrong.”

But they’ll do it anyway.

The polling report said 44% of respondents will spend some of their money on a smartphone, 36% on gaming systems, 28% on drugs and alcohol, and 27% on gambling.

“Demographically, Democrats in the program plan to spend their monthly gains widely by nearly a 2-1 margin over Republicans,” he noted.

The website cited a poll from Pollfish that found nearly half of respondents plan to “use the extra money they would have each month” in reduced payments on vacations and restaurants.

“Those polled conceded that they could do a better job spending and saving and that they do plan to spend on essential items, such as groceries, rent, child care, and credit card debt, expenses even those who didn’t go to college face,” Bedard documented.

Only a little over half admitted that having student loans affected them “negatively.”

“When asked how negatively student loans affect their life, 8% of respondents say ‘not negatively at all’ and 9% ‘not very negatively.’ An additional 22% say their lives haven’t been affected. On the other hand, 32% say their lives have been affected ‘somewhat negatively’ and 28% ‘very negatively,'” the report explained.

The top choices for spending by students: Vacations, 46%, dining out, 46%, smartphone, 44%, investing in stocks 43%, gifts, 42%, gaming systems, 36%, weddings, 30%, drugs and alcohol, 28%, and gambling, 27%.

WND reported that Biden recently claimed he signed a law authorizing the debt transfer to taxpayers.

But he didn’t.

Only it was all a lie. There has been no congressional action authorizing the debt transfer. In fact, House Speaker Nancy Pelosi said a year ago Biden didn’t have the authority to do that. She changed her mind abruptly when Biden announced his plan.

commentary at PJ Media on Biden’s wild claim drew this response: “Presidentish Joe Biden’s latest lie is so big that he’d have to be desperate or senile to tell it. Maybe together we can figure out which one Biden is – this time.”

It continued:

I’m sure your memory goes as far back as late August of this year, when our nation’s alleged chief executive announced that, without consulting Congress, he would use “executive action” to spend about $400 billion providing “debt relief” on student loans of up to $20,000 “for the most vulnerable borrowers.”

It was pretty straightforward. Autocratic, even. All those tax monies being spent without a word from Congress, despite that niggling little constitutional detail about all spending originating there.

“It’s flagrantly illegal for the executive branch to create a … program by press release,” according to the Pacific Legal Foundation, which has filed suit against the White House’s one-man largess.

Biden is a big backer of debt relief, having campaigned on it in 2020 and then delivering it — or at least trying to — just in time for the midterms.

So why would he lie about it? Or has he forgotten? Or is it something worse?

A commentary at Fox News by law professor and constitutional expert Jonathan Turley said, of Biden’s bragging about signing a law after it was passed “by a vote or two.”

“That boast is particularly embarrassing because the administration is in court claiming that he did not need to get congressional approval for the plan. It is likely to be raised by challengers in the next stage of litigation. It also may reflect a moment of actual clarity in his subconscious mind, a faint recognition of the constitutional principles that he once defended as a United States senator,” Turley wrote.

“There are significant constitutional questions raised by Biden’s half-trillion dollar loan giveaway – an acknowledgment made by one of the courts ruling against challengers on standing grounds. The problem is finding someone with standing to allow courts to reach the merits of this unilateral executive action.”

He noted the Constitution gives the “power of the purse” to Congress.

“The Biden administration is relying on a dubious argument that Congress allowed for such massive loan forgiveness in passing the Higher Education Relief Opportunities for Students (HEROES) Act of 2003. As the acronym indicates, this short bill was designed for military personnel who often found themselves in arrears while serving abroad. It allows the Education Secretary to grant student loan relief during a war, military operation, or national emergency. But nothing in the barely five-page act supports a sweeping and unprecedented waiver of billions of dollars in loans owed to the government.”

Further, WND previously reported that the HEROES law was written to be used only in times of emergency.

And Biden himself confirmed that the COVID-19 national emergency is over.

“The pandemic is over,” Biden said. “We’re still doing a lot of work on it … but the pandemic is over.”

Latest News