Index Investing News
Monday, June 1, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Biden Forgets How Student-Loan Forgiveness Happened

by Index Investing News
October 24, 2022
in Opinion
Reading Time: 2 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter



Updated Oct. 24, 2022 7:03 pm ET

President Joe Biden



Photo:

Drew Angerer/Getty Images

President Biden’s unscripted public appearances aren’t that frequent, but when they occur they are often an adventure. Take his entirely fanciful comment in an interview released this weekend about his $426 billion student loan forgiveness plan.

The President sat down with some young liberal activists from NowThis News who asked him a question about student loans. While explaining the details about the forgiveness, Mr. Biden claimed that “It’s passed. I got it passed by a vote or two.”

Huh? You never know for sure what this President is thinking, but he seemed to be saying that loan forgiveness had passed Congress. Yet there never was a vote, or even an attempt to get legislative approval for the cancellation. The only “vote” was Mr. Biden’s, as he unilaterally declared the debt forgiven. His diktat was an extraordinary usurpation of Congress’s power of the purse, which is why several states are suing in federal court to stop it.

As he nears his 80th birthday on Nov. 20, Mr. Biden has a tendency to imagine that things happened even if they didn’t. The White House scrambled on Monday to say Mr. Biden was really referring to the Inflation Reduction Act, which did pass Congress. But mixing up the two is hardly better.

Mr. Biden was clearly confused about a basic question of law with major fiscal and constitutional implications. It’s disconcerting that he doesn’t even seem to know how major policy decisions were made in his own Administration only weeks ago.

Journal Editorial Report: Pollster Ed Goeas on whether Republicans have regained momentum going into November. Image: Brandon Bell/Getty Images

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Appeared in the October 25, 2022, print edition as ‘‘I Got It Passed by a Vote or Two’.’



Source link

Tags: BidenForgetsforgivenesshappenedStudentLoan
ShareTweetShareShare
Previous Post

UK energy suppliers force vulnerable on to prepayment meters

Next Post

EU lawmaker quits after suspension over Ukraine stance — RT World News

Related Posts

The American divide exposes the high GDP fallacy –
Las Vegas Sun News

The American divide exposes the high GDP fallacy – Las Vegas Sun News

by Index Investing News
May 31, 2026
0

Sunday, May 31, 2026 | 2 a.m. The American economy is a wonder. The Economist observed that average wages in...

Chad Bianco can stop Gavin Newsom — by dropping out

Chad Bianco can stop Gavin Newsom — by dropping out

by Index Investing News
May 19, 2026
0

Gavin Newsom finally said the quiet part out loud. Last week, Newsom admitted he has a secret “break the glass”...

AI Voice Cloning And Deepfake Scams: Protect Your Money

AI Voice Cloning And Deepfake Scams: Protect Your Money

by Index Investing News
May 18, 2026
0

Imagine getting a phone call from your daughter. She’s crying. She says she’s been in an accident, she needs money...

New Delhi to Oslo, building a new strategic partnership

New Delhi to Oslo, building a new strategic partnership

by Index Investing News
May 15, 2026
0

We live in an unpredictable world. But unpredictability is not the same as powerlessness. Democracies that share values and trust...

A great code bloat is arising as AI turns managers into software programmers

A great code bloat is arising as AI turns managers into software programmers

by Index Investing News
May 11, 2026
0

A great code bloat is taking birth in the minds of a million managers. As every employee becomes a casual...

Next Post
EU lawmaker quits after suspension over Ukraine stance — RT World News

EU lawmaker quits after suspension over Ukraine stance — RT World News

Ethereum’s Merge won’t stop its price from sinking

Ethereum's Merge won't stop its price from sinking

RECOMMENDED

‘The Hunger Games: The Ballad of Songbirds & Snakes’ tops box office

‘The Hunger Games: The Ballad of Songbirds & Snakes’ tops box office

November 19, 2023
Arsenal vs Barcelona LIVE: Ladies’s Champions League ultimate newest rating and updates from Lisbon

Arsenal vs Barcelona LIVE: Ladies’s Champions League ultimate newest rating and updates from Lisbon

May 24, 2025
Transfer QBs who could have the biggest impact in 2023

Transfer QBs who could have the biggest impact in 2023

June 3, 2023
Here is why a 0.75% Fed rate hike could be bullish for Bitcoin and altcoins

Here is why a 0.75% Fed rate hike could be bullish for Bitcoin and altcoins

September 19, 2022
Rory McIlroy on why he resigned from the PGA Tour’s policy board: ‘Something had to give’ | Golf News

Rory McIlroy on why he resigned from the PGA Tour’s policy board: ‘Something had to give’ | Golf News

November 16, 2023
Brokerages, Lenders Anticipate Recruitment Push In 2024: Triple-I

Brokerages, Lenders Anticipate Recruitment Push In 2024: Triple-I

February 27, 2024
Mark Zuckerberg May Have Better Luck With Elon Musk’s ‘Blue Tick’

Mark Zuckerberg May Have Better Luck With Elon Musk’s ‘Blue Tick’

February 21, 2023
Twist Bioscience Gets Stung by Short Report

Twist Bioscience Gets Stung by Short Report

November 22, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In