Six red states have strapped on their proverbial armor and are now launching a counter offensive against President Joe Biden and his horrific student loan debt forgiveness plan by filing a lawsuit that makes the case that it is both unlawful and extremely harmful to working-class Americans. And you know what? Both of those are facts. This plan will do far more harm to the nation as a whole than it would for the individuals it is supposed to benefit.
According to a report from Just the News, “Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina said in the lawsuit filed in U.S. District Court in Missouri that Congress did not authorize such debt cancellation, meaning Biden lacked legal authority to take the action he announced last month.”
The states went on to cite the recent ruling from the Supreme Court in the West Virginia vs. Environmental Protection Agency that came to the conclusion that the executive branch cannot make a law where Congress hasn’t legislated. Which is a total no-brainer because that is the very reason we have the separation of power and the three branches of government. The president is not to make laws. That’s the job of Congress, as the folks in Congress are closest to the people of the United States, thus the laws that are made are supposed to be representative of the will of the people.
“No statute permits President Biden to unilaterally relieve millions of individuals from their obligation to pay loans they voluntarily assumed,” the states went on to argue in the lawsuit. “Just months ago, the Supreme Court warned federal agencies against “asserting highly consequential power beyond what Congress could reasonably be understood to have granted” by statute.”
The states also made the case that the United States “economy is not well” and thus, the cancellation of student debt, which is currently estimated to cost at minimum, $400 billion, will only add to inflationary pressures, which will increase harm to both the country’s middle, working class, and poor Americans.
“The burden of the economic loss and price increases will hit those who can least afford it – the working class and the poor,” the lawsuit stated, going on to add that those who benefit from the president’s plan are those who are in the 60 percent of income earners.
Attorney General for Arkansas, Leslie Rutledge, took an opportunity to explain why the states decided to come together and file this lawsuit.
“It’s patently unfair to saddle hard-working Americans with the loan debt of those who chose to go to college,” Rutledge stated. “The Department of Education is required, under the law, to collect the balance due on loans. And President Biden does not have the authority to override that.”
The Biden administration made the vast majority of the American public think that this plan would help them significantly, when in reality, most of the funds are going to be headed toward individuals who make enough money to take care of their own financial obligations. Those who are trapped beneath their debt won’t see their situation change.
Let that sink in for a moment.