June 25, 2024

Biden Student Loan Plan Partially Blocked by Federal Judges

Joe Biden has suffered through another defeat on his student loan forgiveness quest, now we just need to see if it actually matters.

Federal judges in two different states have ruled that parts of Biden’s Valuable Education plan cannot be implemented in their respective states.

This puts a hold on about $5.5 billion in student loans that Biden wanted to forgive.

Buying Them Votes

As someone who completely paid off his student loans, this program outrages me.

How fair is it to impose on Americans who never attended college or who have already paid off their loans the task of paying off loans for millions of other lenders?

In this case, some 400,000 borrowers would have been given relief, and the burden would then be passed on to the American taxpayer.

Missouri Attorney General Andrew Bailey, who initiated the case, celebrated the big win on X, posting, “BREAKING: The Court has granted our motion to BLOCK Joe Biden’s illegal student loan plan.

“Congress never gave Biden the authority to saddle working Americans with half-a-trillion dollars in other people’s debt. A huge win for the Constitution.”

In Kansas, District Judge Daniel Crabtree ruled against Biden because he had circumvented Congress with his plan.

In Missouri, District Judge John Ross ruled that the plan would rob lenders of expected revenue, giving Biden two different legal hurdles to address.

To be clear, everything about Biden’s student loan forgiveness plan to this point is probably illegal and unconstitutional.

He has completely circumvented Congress, disregarded a Supreme Court decision, and is using loopholes and EOs to make this all happen.

This is all for a program that has been estimated to cost taxpayers at least $475 billion if Biden is able to carry it out to its full extent.

This has to be stopped.

Don't Wait
We publish the objective news, period. If you want the facts, then sign up below and join our movement for objective news:
Top stories
Get news from American Digest in your inbox.
By submitting this form, you are consenting to receive marketing emails from: American Digest, 3000 S. Hulen Street, Ste 124 #1064, Fort Worth, TX, 76109, US, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact.