Written by by Warner Todd Huston at lidblog.com
The panderer in chief has just illegally cancelled the school loans for more than one million government workers.
This time he has canceled the loans for teachers, firefighters, nurses and other public employees. These people already make far more than private sector workers and have better benefits and now they don’t even have to pay off loans they knowingly took for their education… and it will all be paid for by you, the American taxpayer, of course.
Per the Associated Press:
President Joe Biden announced the milestone on Thursday, saying his administration restored a promise to America’s teachers, firefighters, nurses and other public servants. He celebrated it even as his broader student loan plans remain halted by courts following legal challenges by Republican-led states.
“For too long, the government failed to live up to its commitments,” Biden said in a statement. “We vowed to fix that, and because of actions from our administration, now over 1 million public service workers have gotten the relief they are entitled to under the law.”
The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 years working in government or nonprofit jobs. But starting in 2017, the vast majority of applicants were rejected because of complicated and little-known eligibility rules.