Source: InformationLiberation.com
Joe Biden’s inflationary $300 billion bailout for the college-educated is being rammed through by executive fiat under a post-September 11th law that allows for debt cancelation “in connection with a war, other military operation or national emergency.”
How’s he doing it?
Biden is employing a post-9/11 law that allows for debt cancelation “in connection with a war or other military operation or national emergency.”
Which emergency? “[T]he present COVID-19 pandemic,” per a Dept of Ed memo issued yesterday.
h/t @kathrynw5.
— Steven Portnoy (@stevenportnoy) August 24, 2022
Here’s the memo:
https://t.co/KyrQoWdQ18— Steven Portnoy (@stevenportnoy) August 24, 2022
Biden’s student loan plan will cause more inflation.
Wiping hundreds of billions of dollars off the government balance sheet is like injecting hundreds of billions of newly printed dollars into the money supply.
Inflation impacts retirees & lower + middle income families most.
— Thomas Massie (@RepThomasMassie) August 24, 2022
The Department of Education’s Office of the General Counsel writes (via Twitchy…