After biden regime loses in SC on wiping out student loan debt, it instantly launches Plan B

I keep telling you about the big advantage Democrat pols have over the rest of us: that they never, ever give up.  If the Supreme Court rules a Dem scheme is unconstitutional, they immediately try again, but using a different mechanism to accomplish the same goal.

So in the latest example, the biden regime had decreed that it would have you sucker taxpayers pay off up to $20,000 in student loans (for minorities; $10,000 for regular borrowers) for 40 million borrowers, at a total cost estimated to be $430 BILLION.  

The SC said no.  So less than two days after getting told "no" the regime is back with Plan B, which now claims to cancel loans for half as many borrowers--20 million--but at a cost now estimated at $475 BILLION, which is MORE than the cost for the original plan that was supposed to repay loans for twice as many people.

Do ya think they're fudging the numbers?

Hey, is Hunty biden a corrupt druggie?

Oh wait...I forgot: Y'all don't ever believe the regime or the Media would lie to ya, so that $475 BILLION figure--again, more than the original alleged cost of repaying loans for all 40 million borrowers--must have come from a sleazy, unreliable conservative source, right?

Well you got two out of three right: It's from the NY Times.
https://www.nytimes.com/2023/07/19/business/biden-student-loans-repayment.html

It classic Democrat fashion the regime gave its "new and revised plan" the cutesy name "Saving on a Valuable Education," or SAVE.

Absolutely precious, eh?

The debt-repayment plan the Supreme Court struck down used the HEROES Act, which gave the education secretary greater powers only in times of “national emergency” — which the government declared the coronavirus pandemic to be.  By contrast, the new plan uses the Higher Education Act of 1965, which gives the Education Department broad authority over loan repayment plans.

See, citizen?  Exactly as I described in the top 'graf:  They get slapped down on Friday, and by Monday they have Plan B rolled out that does the same thing with a different name.

The rat-bastard sons of bitches never give up.

The White House said it's "discharging" the loans now (marking them repaid, and using taxpayer funds to repay any balances) because it wants to fix "historical failures" in how those loand were managed.

"Historical failures," y'say.  Hmm...so is it just a coincidence that borrowers who majored in "grievance studies" or "queer theory" and couldn't get jobs in those fields just happen to be low-income Democrat voters the Dems desperately need to NOT sit out elections?  Just asking.

So what about the banks and government agencies that loaned the money to the students?  Do they get stuck?

Not at all, citizen!  They'll be repaid by taxpayers.  So if you either didn't borrow money for college, or majored in something useful like engineering, computers, nursing, teaching, etc. so you were qualified for a decent-paying job after graduation, and paid off your loans from hard work and no vacations, you'll now be repaying loans for people who don't wanna repay their own.

Or maybe you didn't go to college, but went to a trade school and make a good living as a plumber or electrician or lab tech or whatever.  Same as above: you'll be repaying loans for people who don't wanna repay their own.

This is called "From each according to his ability, to each according to his need"--a slogan made popular by some guy around 1840.  Name escapes me right now, but the regime loves him.

Karine Jean-Pierre: "It's absolutely false to say taxpayers will be repaying these loans.  This will simply be done by transferring funds from one account to another."

Wow, she sounds just like Kamala Harris.  Say, KJP, what's the source of government revenue, eh?  Yeah, that's what we thought.