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re: Brandon: Student Loan Pause to end 12/31/22, Payments to be capped at 5% monthly income

Posted on 8/24/22 at 11:20 am to
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 8/24/22 at 11:20 am to
We might as well have a monarchy. How does one person decide on this? Executive order?

We really need to do away with those. You shouldn’t be able to bypass Congress.

quote:

An executive order is declaration by the president or a governor which has the force of law, usually based on existing statutory powers. They do not require any action by the Congress or state legislature to take effect, and the legislature cannot overturn them.
Posted by ETxTgr
East TX
Member since Jun 2020
190 posts
Posted on 8/24/22 at 11:21 am to
quote:

This plan is almost brilliant. For most people the upfront reduction will be counteracted by long term interest accrual.


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