Editorial: Biden thinks he signed student loan amnesty bill | Comment
PResident Joe Biden unveiled the vote-buying program known as student loan forgiveness in August. Two months later, he forgot the details.
During an on-camera interview published Sunday with the left-leaning group NowThisNews, the president begins to talk about his loan amnesty plan. He tells activists they “probably know, I just signed legislation” about student debt relief that Republicans are challenging in court. He goes on to say, “It’s over. I got it passed by a vote or two, and it’s in effect.
As blunders go, this one is vintage Biden. His economic agenda has been a pattern of confusion, and the inconsistency now spills over to the president’s student loan policy.
In fact, Biden signed no such legislation because Congress passed no such legislation, which is why his actions are now being challenged in court. Rather than go through the legislature, the president has done an about-face, relying on a 20-year-old law that gives the education secretary certain powers to rewrite loan terms in times of national emergency. . It’s worth noting that Biden said the pandemic was “over” long before the pardon plan took effect.
The president’s unilateral move — which would eliminate $10,000 in debt for most borrowers — faces several legal hurdles, including a six-state lawsuit. Last week, a federal judge ruled the states lack standing to sue, but he acknowledged the case raises “important and significant” issues. A day later, the U.S. Eighth Circuit Court of Appeals stayed the lower court’s decision until further review and ordered the administration to do nothing further about the plan until the case judiciary be decided.
The White House responded by downplaying the stay. It is “important to note,” according to an administration statement, “that the order does not reverse the dismissal of the case by the trial court, nor does it suggest that the case has merit. simply the debt to be discharged until the court renders a decision. We will continue to press ahead with our preparations in accordance with this order.”
Legal debate aside, Biden’s $400 billion giveaway is an affront to those who fulfilled their obligations, those who paid for college, and those who never enrolled. It sends precisely the wrong message about the importance of personal responsibility and does nothing to reform the very loan programs that got us to this point in the first place, ensuring a repeat for years to come. In short, like most of the president’s agenda, it’s a mess.
From a legal perspective, Biden’s actions on student loans raise important constitutional issues involving presidential authority and the separation of powers. These are issues that deserve a decision, a process very likely to produce an outcome that the administration will not accept.
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