In a 6-3 decision, the U.S. Supreme Court struck down President Biden’s student loan debt relief plan.
In their opinion, the justices argued that the program was an unlawful exercise of presidential power because it had not been explicitly approved by Congress.
This is a developing story and will be updated.
Most Republicans don’t need student loan forgiveness. They’re rich enough that they don’t need loans to pay for schooling.
No Mr. Simple Logic, they just believe something that is quite simple. If you borrow something, it is not a gift, but a loan. Loans must be paid back.
Stufent tuition prices is theft. Amd if anyone wants a decent career job with a solid paycheck, they need the school. It is a catch 22, not as simple as you make it out to be
How about you don’t go to a school you can’t afford and then expect people who made sound educational and financial decisions in their lives pay for it? It has nothing to do with Republicans its just common sense; just so happens most people with common sense are Republican.
No student should be taking out loans they know they can’t repay.
Interesting broad-brushing of all Republicans. I know many Republicans including myself who barely, if at all, make ends meet.
And besides, this has nothing to do with Republicans – all the Court said was that the president overstepped his constitutional authority by circumventing Congress. In case you are unaware, the constitution gives only Congress the power to approve spending of taxpayer’s money. Wiping out student loans isn’t just magic- the lenders still need to get paid back. Under the president’s plan we the taxpayers would pay off their debt for them. Only Congress, who is supposedly a representative of the taxpayers, can authorize spending.
Explain to me why wiping out only student debt for people who chose to go to college and were able to go to college, to be paid by many who did not go to college because they could not afford it and did not want to be saddled with debt, makes any sense.
If anything, once they want to spend money to help people, that money could be used to help a much larger population of people who are struggling, either people who are in arrears on their mortgage or better yet by wiping out a large chunk of people’s credit card debt.
Not suggesting that makes fiscal sense either, but this certainly makes no sense.
why didn’t the white house legal counsel explain this to the president the first time of course congress would have approved it and now he has to go back to congress and ask nicely but they’re on the way to vacation and won’t approve it until the fall
Why would congress approve such additional nonsense? They’re done until next years spending.
I think everyone missed a critical point.
The president knew very well that it was not legal what he was doing, but his plan was like this.
The president ran on student loan forgiveness, the people voted for him, the court struck it down, and now he can blame the Republicans for this as well!!!
Even Nancy Pelosi said a few years back that the president doesn’t have the legal right to do it.
It was all a plan to get the Republicans, and it worked.