Wednesday, October 21, 2015

Student Loans and Bankruptcy: The Obama Administration


http://files.consumerfinance.gov/f/201505_cfpb-student-debt-stress-header.png

So, lets address a simple question.

What is the role of President of the United States?

Foreign policy drafter and administrator, and Commander In Chief come to mind.  With our current President, Obamacare (whether you are for it or against it doesn't matter).

Now consider our Constitution, and the separation of powers.  You know what I am talking about; we have the judicial, executive, and legislative branches of government.  The each have their own defined duties.

Then the question is posed, should the executive branch of government use its prestige and power to try to influence the judicial branch?

That appears to be what is happening regarding student loans.  According to an article on the UPI website by Amy R. Connolly, the Obama administration is trying to convince the Court to not discharge a student loan in bankruptcy.  You can read the entire article at the following link:

http://www.upi.com/Top_News/US/2015/10/20/Obama-administration-urges-no-bankruptcy-relief-for-student-debt/5671445359254/

No comments:

Post a Comment