Seeing as President Joe Biden's vote-buying scheme didn't deliver him an electoral victory, it's not surprising to hear from CNBC that the administration has withdrawn its student loan forgiveness plans. That's great news because it was appalling to hear Biden brag about canceling student loans even after the Supreme Court ruled it unconstitutional … "but I did it anyway."
BREAKING: Biden administration has officially withdrawn student loan forgiveness plans, per CNBC.
— unusual_whales (@unusual_whales) December 23, 2024
CNBC reports:
The Biden administration has withdrawn two major plans to deliver student loan forgiveness.
The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.
The Education Department posted notices in the Federal Register on Friday that it was withdrawing the plans, weeks before President-elect Donald Trump enters the White House.
The department wrote that it was terminating the rulemaking proceeding due to “operational challenges in implementing the proposals.” It said it would “commit its limited operational resources” in these final weeks of the administration “to helping at-risk borrowers return to repayment successfully.”
Good.
They bought your votes then cancelled the checks. They played you simpletons like a fiddle. We told you this would happen. https://t.co/nhW8hRcCo6
— The Dank Knight 🦇 (@capeandcowell) December 23, 2024
And they'll do it again.
— Just One Strawman (@JustOneStrawman) December 23, 2024
And they’ll buy it again
— The Dank Knight 🦇 (@capeandcowell) December 23, 2024
To be expected. Planned for even.
— SpudMgmt2023 (@SpudMgmt2023) December 23, 2024
Even if we hadn't warned them, they should have known. Biden's been playing this bait-and-switch since 2015.
— Senator Tim Whatley (no anti-dentites, please) (@senator_tim) December 24, 2024
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Joe Biden just cancelled his student loan forgiveness plan.
— Bonchie (@bonchieredstate) December 23, 2024
Congrats on libs being the biggest marks of all time.
Perfect example of nonsense campaign promises
— KayDreamer (@kaydreamer11) December 23, 2024
The grift is real.
— Lincoln Brunches in DC (@LincolnsFaceWig) December 24, 2024
He never intended for it to happen.
— Samantha Vukas (@vu84722) December 24, 2024
It was always a scam
— Brian Duncan (@zeekfilmaker) December 23, 2024
The election is over, so no further need to pander to people.
— Planet Of Memes (@PlanetOfMemes) December 23, 2024
Good. I don’t want my tax dollars paying for someone else’s degree and choice to take a loan.
— Brutus (@21Quebec) December 23, 2024
The majority of Americans didn't.
This was always just a campaign talking point.
— Anthony Bompiani ⚔️ (@anthonybompiani) December 23, 2024
The plan was always a slap in the face to those who had already paid off their student debt or those who never went to college and took out loans. It just shifted the debt to them.
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