{"id":76426,"date":"2023-08-15T11:54:11","date_gmt":"2023-08-15T15:54:11","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/internet-divided-over-biden-pushing-forward-with-student-loan-debt-removal-slippery-slope-76426"},"modified":"2023-08-15T11:54:11","modified_gmt":"2023-08-15T15:54:11","slug":"internet-divided-over-biden-pushing-forward-with-student-loan-debt-removal-slippery-slope","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/internet-divided-over-biden-pushing-forward-with-student-loan-debt-removal-slippery-slope-76426","title":{"rendered":"Internet divided over Biden pushing forward with student loan debt removal: ‘Slippery slope’"},"content":{"rendered":"
\n

President Joe Biden is receiving a mix of criticism and praise after he announced on X<\/a>, formerly known as Twitter, that he was moving ahead with his student loan debt forgiveness plan Monday.\u00a0<\/p>\n

A federal judge in Michigan recently dismissed a challenge against Biden’s student loan debt forgiveness plan from a legal group, the New Civil Liberties Alliance, for lacking standing, per Axios<\/a>. Biden followed up that dismissal by touting his decision to push ahead with student loan forgiveness anyway, claiming that he would find another path to student loan removal.\u00a0<\/p>\n

“For years, student loan borrowers haven’t received forgiveness under their Income-Driven Repayment plans despite making payments for over 20 years,” he wrote. “I’m determined to fix it. Today, thanks to my Administration’s actions, 804,000 borrowers will start to see their debt cancelled.”<\/p>\n

BIDEN\u2019S $39 BILLION STUDENT LOAN FORGIVENESS MAY FACE LEGAL BATTLE, ‘THIS ISN\u2019T THE END’ SAYS EX-DOE OFFICIAL<\/u><\/strong><\/a><\/p>\n

“As I announced in the wake of the Supreme Court\u2019s decision on our student debt relief plan, we will continue to pursue an alternative path to deliver student debt relief to as many borrowers as possible as quickly as possible,” Biden said.\u00a0<\/p>\n

Investors, political groups and commentators battled over Biden\u2019s announcement, with some praising the President for the policy while others rejected it as unfair.\u00a0<\/p>\n

“Including students who took loans to pursue majors that don\u2019t pay off?” venture capitalist Vinod Khosla wrote in response to Biden\u2019s post. “Where does personal responsibility come in?”<\/p>\n

GOP ROLLS OUT STUDENT LOAN PLAN AS BIDEN\u2019S $400 BILLION HANDOUT FACES SUPREME COURT TEST<\/u><\/strong><\/a><\/p>\n

Symboticware CEO Ash Agarwal claimed that Biden\u2019s announcement came “[j]ust in time” because “[l]oan payments would have been resumed in September, and many families would have to choose between a meal and a payment. Good for them.”<\/p>\n

Pro-Bernie Sanders<\/a> group “People for Bernie” told Biden that he “should cancel it all,” referring to student loan debt.<\/p>\n

Investor Santosh Sankar wrote that Biden\u2019s forgiveness of student loans was the start of a dangerous path in American politics.\u00a0<\/p>\n

“Slippery slope,” he wrote.\u00a0<\/p>\n

The Supreme Court initially ruled Biden\u2019s student loan debt forgiveness plan as unconstitutional, with Chief Justice John Roberts citing<\/u><\/a> then-Speaker of the House Nancy Pelosi from 2021 in his argument that the president doesn’t have the power to cancel federal student loan debt.<\/p>\n

“\u2018People think that the President of the United States has the power for debt forgiveness. He does not,\u2019” Roberts quoted from Pelosi\u2019s July 28, 2021, press conference. “\u2018He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.\u2019”<\/p>\n

“We\u2019re not backing down,” Biden also wrote Monday.\u00a0<\/p>\n

The Department of Education<\/a> did not respond to a request for comment from Fox News Digital.\u00a0<\/p>\n

Fox News\u2019 Megan Myers contributed to this report.<\/i><\/p>\n

For more Culture, Media, Education, Opinion, and channel coverage, visit <\/strong><\/i>foxnews.com\/media<\/u><\/strong><\/i><\/a><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/internet-divided-biden-pushing-forward-student-loan-debt-removal-slippery-slope <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

President Joe Biden is receiving a mix of criticism and praise after he announced on X, formerly known as Twitter, that he was moving ahead […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-76426","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nInternet divided over Biden pushing forward with student loan debt removal: 'Slippery slope' - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/internet-divided-over-biden-pushing-forward-with-student-loan-debt-removal-slippery-slope-76426\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Internet divided over Biden pushing forward with student loan debt removal: 'Slippery slope' - 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