Here’s Why Biden’s Student Loan Bailout Is Illegal.

You would figure that Democrats would have learned by now. It’s not a matter of whether or not a student loan forgiveness program would be a good thing. I think most people are in the camp that this isn’t good. We’re teaching our kids (and those that are now adults) that it’s okay to backout of a deal like a loan without any consequences. You don’t have to worry because Uncle Sam will come to your rescue.

Except to do it the way Joe Biden did it isn’t going to work.

My hunch is, if it hasn’t happened already, there will be lawsuits filed that block his executive order to forgive $10,000 to up to $20,000 (for Pell grants) for any person with a student loan so long as their income is under $125,000 ($250,000 per married couple). The reason for that is simple. All you have to do is look at Article I Section 8 of the US Constitution: “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States.”

In a nutshell, that sentence says it all. If the White House is going to shift the payment of the student loan debt to the United States’ taxpayers, and do so by an executive order, it is illegal. Only Congress has the power to “lay and collect taxes”. The mere fact that Biden issued an executive order transferring $10,000 per eligible student to the taxpayers breaches Congress’ role to lay and collect taxes. The Executive Branch cannot do that.

It will make it’s way to the Supreme Court long before any student anywhere receives dollar one off of their student loan. And since Biden has continued the repayment holiday until the end of this year, it’s very likely that the lawsuits will be filed and most likely a temporary injunction issued prohibiting Biden from moving forward on this until the case is settled. That’ll probably happen at the Supreme Court level and may not make their docket this year.

More and more Democrats are having buyer’s remorse when it comes to this plan of Biden’s. They originally were all for the idea until it sunk in that it WILL be inflationary, and it WILL cause harm to the economy. Not only that, but there are several independent and non-partisan accounting groups who have run the numbers and say the $300 billion that Biden has proposed is actually going to be somewhere in the neighborhood of $600 to $900 billion because the administration under-played the number of people that they felt would be applying to have their loans forgiven.

Even liberal bastions like CNN and MSNBC are starting to question the legitimacy of this program, and the intelligence behind it. Of course it stems from Joe’s campaign promise, but didn’t he also promise that taxes wouldn’t be raised on anyone making less than $400,000 a year? And then that was revised to be $400,000 per household. Still, this E.O. will hit every American, regardless what that babbling idiot, Karine Jean-Pierre says as she stumbles through yet another Peter Doocy question!

Carry on world…you’re dismissed!

Advertisement