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SCOTUS Strikes Down Student Loan Forgiveness Scheme

CaptUSA

Member
Joined
May 17, 2011
Messages
18,204
Stacking the wins!

https://www.dailymail.co.uk/news/article-12251033/Supreme-Court-strikes-Bidens-student-loan-forgiveness.html

Supreme Court STRIKES DOWN Biden's $400 billion student loan forgiveness: Justices rule president does not have authority to cancel debt of millions in another landmark ruling
Six justices ruled Biden should have got approval from Congress for huge plan
Plan would have eradicated $10K in debt for borrowers earning less than $125K
Has been blocked since October after a challenge by Republican states
Landmark ruling comes 24 hours after college affirmative action decision
 
Yes it is good news for a change.

None of which would have happened had Hillary won/been inserted in 2016

It is a win for the Constitution but will generally be a loss for the overall economy, as more money from Main St goes back to Wall St. People with these suspended loans have been heavily responsible for maintaining revenues for local businesses like restaurants, bars, breweries, experiences, and other service establishments.
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Yes it is good news for a change.

None of which would have happened had Hillary won/been inserted in 2016

Instead, she gets to cope and seethe:

https://twitter.com/HillaryClinton/status/1674883903675310080
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a president or a court have no legal authority to cancel loans made to individuals who sought them of taxpayers money .
 
Remember when Pelosi said the president doesn't have the legal authority to cancel student loan debt?
 
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