Summary
Representative Glenn Grothman plans to introduce the “Protecting Taxpayers from Student Loan Bailouts Act,” aimed at blocking future large-scale student loan forgiveness by limiting regulations costing taxpayers over $100 million annually.
This follows a Supreme Court ruling in 2024 that struck down President Biden’s $430 billion loan forgiveness plan.
Republicans criticize forgiveness as inflationary and unfair, while Biden’s administration has canceled $180 billion in debt over four years.
With GOP control of Congress, future forgiveness efforts face significant challenges.
Unfortunately chaos breeds usury. The more fronts the little guys are forced to fight on, the more dilluted their efforts, and the more unified the ruling class can become. The goal is always chaos, obfuscation, distraction, entropy. There are two camps: the social, and the antisocial. While we have to worry about maintaining a functional society, the antisocial are completely unfettered, and free to exploit any and all ambiguities. They are the disease, we are the immune system, and the world is the body. They are unconcerned with killing the body, while we must both fight them, and preserve the body. For this reason we are at a disadvantage. And for this reason they should never be underestimated. Eventually a cough becomes pneumonia, and at a certain age pneumonia is a death sentence.