Examining Biden's Student Loan Bill (Bailout)

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Biden called his bill "forgiveness" but is it really fair to change an agreement or forfeit on the original terms of a loan? Does that happen with one's "mortgage or rental agreement." How about a "car loan" from the bank or lending agency. I think not! After thinking about the latest administration policy to spend money they don't have, and the court's decision overturning it, I would agree this policy is flawed for so many reasons. Here are a some "rational arguments" and points to consider: 1. A President has no legal authority to make or change law, as correctly pointed out by none other than Nancy Pelosi. And the Supreme Court backed this view by ruling Biden's loan forgiveness relief was unconstitutional. 2. What does it teach students about responsibility? And honoring a debt AGREEMENT. 3. And then we have the obvious argument, FAIRNESS. Is it fair to the prior students who adhered to the loans terms and paid it back in full? Or the parents of students who paid for their children's college from their own savings? Or those students who worked odd jobs in summer to help pay for their tuition? *No, what we have here is another attempt to buy voters of a younger demographic by "dangling a shiny object" in front of them. Continuing on... 4. The effect on an already "fragile" economy. We are 31 trillion in debt and growing. Should we add another 500 billion dollars to this debt to bail out students who signed a contract in good faith to repay their loan? -And consider the other expenses by this administration which are adding to our debt. Like giving Zelensky and Ukraine basically a "blank check" in our proxy war with Russia. And then, there is the "Green New Deal's" tab to pay for. How do they achieve this without adding more to the "National Debt." 5. Then there is the question of how these student loan bailouts will be financed. Who pays for this bailout of students, some of which will be our future lawyers, doctors, and CEO's? Should a plumber for instance, who did not attend college have to pay? If this bill in any form becomes law, he will. That revenue will come from higher taxes right out of his and other blue collar workers paychecks. Why should they be punished for not attending college to get a degree. ***Let me repeat this fact of life again. When a person gives his word and makes a promise to repay the loan they received, it is a legal binding contract, and those students should honor it. ***If the government really wanted to help, they would go after these Colleges and Universities who receive huge endowments from donors, yet continue to raise student fees like tuition, books, and housing. These institutions of learning are "cash cows" feeding off the undergraduates and graduates who attend these schools for an education. In closing, thankfully the Supreme Court ruled "justly on an unjust" first attempt by the Biden Administration for taxpayers to be held accountable for student's debts. There will be more attempts in the future and the MIDDLE AND LOWER CLASSES will foot the bill. If your concerned about having more of your income stolen by the government, then I would suggest you call your Congressional Representative and protest. Just my take on it. It was a Just(ice) decision correctly interpreted. A BILLION DOLLARS $$$ FOR YOUR THOUGHTS...