Not only did President Joe Biden flout the law in issuing a likely illegal order canceling $300 billion in student loan debt for the wealthiest Americans, but White House officials are likely among those who will financially benefit most from the scheme.
“Alarmingly, we've learned that the Office of Government Ethics has never been consulted on any pending or finalized waivers related to student loan forgiveness and has no finalized waivers on file for Biden Administration officials,” announced U.S. House Oversight Committee Ranking Member James Comer.
White House officials are supposed to publicly report when they would financially benefit from their own decrees and policies, but no one in the Biden administration has reportedly filed the mandatory reports.
“In June 2022, Ranking Member Comer and Committee on Education and Labor Ranking Member Virginia Foxx (R-N.C.) wrote to U.S. Office of Government Ethics (OGE) Director Emory Rounds requesting information to determine whether Biden Administration political appointees have a potential conflict of interest and whether they or their family members would benefit from President Biden's student loan bailout,” Oversight Committee Republicans report in a statement.
“OGE officials confirmed they are not in possession of any finalized ethics waivers related to student loan forgiveness,” Committee Republicans report.
“Oversight Committee Republicans will continue to conduct oversight of this issue to expose any self-serving Biden Administration officials who are poised to gain a financial windfall at the expense of American taxpayers. We must hold the Biden Administration accountable and protect taxpayer dollars from abuse,” said Comer.
Federal employees, who largely vote Democrat, are also the biggest beneficiaries of the taxpayer-funded bailout. Texas Senator Ted Cruz reports the nation's largest concentration of student loan debt just happens to be in Washington, D.C.
“This administration's policy is to force blue collar workers and American families across the country to pay off the cost of a Washington bureaucrat's college degree – it's morally bankrupt,” Cruz added.
“This is cynical and outrageous but perfectly in character for these Democrats. Just a few weeks ago, every Senate Democrat voted to tax American manufacturing, ignore inflation, and spend hundreds of billions of dollars on things like electric car charging stations, ‘environmental justice' grants, and 87,000 new IRS agents,” said Senate Minority Leader Mitch McConnell.
“This is the one consistent thread that connects Democrats' policies: Taking money and purchasing power away from working families and redistributing it to their favored friends,” said McConnell.
The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News.
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He is using COVID as an emergency to pass this and COVID is not an emergency anymore. How is this happening? And everybody that takes out a loan for anything has to pay it back. It you borrow money and don’t pay it back; you are sued for it. Why take a loan if you know you can’t pay it back?
What about all those in congress and the senate that have loans whgo are pushing for this fore givness?
Yep. That’s the ticket. When some big $$$$$ initiative from Mega Government Plutarchy is afoot, SOMEBODY will profit big time. Ask yourself: WHO???
90% of that bull shit was pork anyway.