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[quote=Anonymous]He doesn't care that he doesn't have the authority to do this.  Half a trillion dollars...... That is a massive amount of money for the president to unilaterally apportion.  
When the courts overturn this, as they undoubtedly will, he will just say, "I tried."  What a bunch of BS.  
Worst president and worst administration EVER!

[b]Biden student loan handout to cost roughly $500B, according to Committee for a Responsible Federal Budget[/b]

[quote]President Biden's federal student loan forgiveness plan will cost U.S. taxpayers between $440 and $600 billion over the next 10 years, according to the Committee for a Responsible Federal Budget.

The Committee for a Responsible Federal Budget settled on a central estimate of approximately $500 billion.

Biden, however, touted the program as a fulfillment of his campaign promise to cancel $10,000 in student debt. Democrats had initially stated that the White House lacks the authority to unilaterally cancel debt and that the president must go through Congress.

"People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone, he can delay, but he does not have that power. That has to be an act of Congress," House Speaker Nancy Pelosi said in 2021.

Biden himself doubted his authority to cancel debt through executive order last year.

"I don’t think I have the authority to do it by signing the pen," he said in February.[/quote]

https://www.foxbusiness.com/politics/biden-student-loan-handout-cost-roughly-500b-committee-responsible-federal-budget[/quote]

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