Patriot,

How much will Joe Biden's so-called student loan "forgiveness"
cost?

The earliest estimates said $300 billion.

Then the figure went up to $500 billion.

Now the respected University of Pennsylvania's Wharton School of
Business estimates it will cost up to $1 trillion.

Who is going to shoulder this astronomical price tag? Are the
colleges who enabled this predatory lending going to cover the
cost?

Of course not. As Campaign for Liberty Chairman Ron Paul revealed
in yesterday's column, the debt is to be paid by you, the
taxpayer!

In other words, those who paid off their student loans, never
took out student loans, or never went to college would have to
foot the bill. . .

That includes fast food workers, meat packing plant employees,
and factory workers . . . many of whom struggle to pay for
utility bills, groceries, and gas to get to work these days.

This is the typical M.O. of the Biden regime: rob Peter to pay
Paul.

It's grossly immoral. And it's also illegal.

Biden's dictatorial decree to assume a trillion-dollar debt
without congressional approval is a dangerous and
unconstitutional violation of our system of separation of powers.


House Speaker Nancy Pelosi said it herself, just last year:

"People think that the President of the United States has the
power for debt forgiveness. He does not. He can postpone, he can
delay, but does not have that power. That has to be an act of
Congress."

Now, of course, Nancy Pelosi sings the party tune. She says the
very thing she claimed Biden couldn't do will "empower every
American," which it will not.

Pelosi and her pals are applauding Biden transferring a trillion
dollars in debt from those who owe it to those who do not.

And Biden did it unilaterally because he and his stooges knew he
could not get such a massive waiver from Congress.

This is precisely what the Framers sought to avoid in a system of
shared powers.

DEMAND CONGRESS ACT TO STOP JOE BIDEN'S UNCONSTITUTIONAL POWER
GRAB!
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Some House Republicans recently sent a sternly worded letter to
Nancy Pelosi, pointing out that "noticeably absent from the
President's plan is any plausible legal authority to implement
such a policy."

But at the end, the letter sheepishly calls on Pelosi to "commit
to supporting [her] July 2021 statement with definitive action."

That's not nearly enough. Congress needs to file suit the moment
the Biden regime begins to implement this unconstitutional plan.

There is no doubt something needs to be done about student loans
. . . the federal government never should have been involved from
the get-go. Their interference made this mess and drove up the
cost of attending college because the schools were more than
happy to raise tuition and fees when they saw the Fed printing
and loaning out money left and right!

But Biden's action will not solve the problem, and forcing
innocent Americans to pay the price is NO solution!

Right now, the U.S. economy is already in recession, and as Ron
Paul has repeatedly warned, a depression is coming.

On top of that, Biden just signed the Democrats' inflation act,
which will raise taxes on the huge majority of Americans and make
an already bad situation worse.

Now, Biden wants to saddle Americans already being squeezed with
the student debts of others.

You work hard to provide for your family, but Joe Biden wants you
to pay for the college loans of doctors, lawyers, and even
politicians.

DEMAND CONGRESS ACT TO STOP JOE BIDEN'S UNCONSTITUTIONAL POWER
GRAB!
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Patriot, Joe Biden is setting a dangerous precedent where he can
act alone to appropriate taxpayer dollars, without any action
from Congress.

If he can get away with transferring a trillion dollars of debt
from the people who owe it onto hard-working Americans who don't,
what can't he do?

Congress can't just let this go.

Take just one moment to send a note to Congress, and demand they
don't just complain, but take action to stop Joe Biden's
unconstitutional power grab.
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And if you can, please support Campaign for Liberty with a
contribution, to help us prepare for the battles to come.
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We're fighting on all fronts:

-A Central Bank Digital Currency
-Assaults on our constitutional right to privacy, due process,
and free speech
-An out-of-control FDA and CDC
-An administration and Federal Reserve destroying our economy
-Spend-now, pay-later policies from Congress, the president, and
the Fed
-More gun-grabbing measures

Please consider chipping in $25, $50, $100, $250, or even more so
you can help us mobilize more patriots for these critical fights.

[link removed]

Thanks for all you do for liberty,

John McCardell
Executive Director
Campaign for Liberty

P.S. The latest power-grab by Joe Biden is not only expensive,
it's illegal.

By "canceling" student debt, all he's really doing is
transferring the debt to hard-working Americans.

It's time to call on Congress to do their job and stop this
illegal power grab.

Sign your postcard to your U.S. representative now and demand
Congress step in and stop the student loan bailout.
[link removed]

And then, please consider a donation so Campaign for Liberty can
keep fighting these battles.
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Remember, we can only take on so many battles, but the more
support, the more we can do. Please make a generous contribution
to Campaign for Liberty today!

If you'd prefer to donate via PayPal, please click here.
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Join Ron Paul's Patriot Club with a monthly contribution! Your
support sustains our work and members are automatically entered
to receive special giveaways autographed by Ron Paul.
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The mission of Campaign for Liberty is to promote and defend the
great American principles of individual liberty, constitutional
government, sound money, free markets, and a constitutional
foreign policy, by means of education, issue advocacy, and
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