Circuit court puts final nail in the coffin for Biden’s $500M student loan forgiveness plan
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The‘Outnumbered’paneldiscusseshowtheTrumpadministrationistakingactionagainst$20billionworthofclimateprojectsfacilitatedduringPresidentBiden’sfinaldaysinoffice.
TheU.S.8thCircuitCourtofAppealsputafinalendtoformerPresidentJoeBiden’sstudentloanforgivenessplanonTuesday.
MissouriAttorneyGeneralAndrewBaileyoriginallysuedtheBidenadministrationoveritsnearly$500billionefforttowipeawaystudentloans,knownastheSAVEplan.Thecourt’sTuesdayrulingfoundthatBiden’ssecretaryofeducationhad“gonewellbeyondthisauthoritybydesigningaplanwhereloansarelargelyforgivenratherthanrepaid.”
BaileynotedinastatementthattherulinghasnoactiveimpactbeyondblockingfuturepresidentsfromattemptingBiden’smaneuver.
“ThoughJoeBidenisoutofoffice,thisprecedentisimperativetoensuringaPresidentcannotforceworkingAmericanstofootthebillforsomeoneelse’sIvyLeaguedebt,”Bail
