Biden's student loan handout plan is a lawless power grab designed to buy votes
Published August 26, 2022 5:00am EDT
Biden's student loan handout plan is a lawless power grab designed to buy votes
President Biden does not have the power to cancel debt. His student loan handout plan is all about the midterm elections
By Gregg Jarrett | Fox News
Biden officials don't know how much the student loan debt handout will cost
Fox News White House correspondent Peter Doocy has the latest on President Joe Biden's student loan debt write-off on 'Special Report.'
President Joe Biden doesn’t have the legal authority for a wholesale cancellation of federal student loans. By executive fiat, he’s violating both the Higher Education Act and the Federal Claims Collection Act that set strict limits on modifying or waiving loans. Blanket cancellation of debt is forbidden without congressional authorization, not that unscrupulous Joe would care.
In attempting an end-run around those laws, Biden’s Justice Department claims he can "forgive" loans under the Heroes Act of 2003.
The DOJ apparently didn’t bother to read that law. It applies to war, military operations, and a national emergency. No such exigent conditions exist right now. Even if they did, the president’s authority to act unilaterally is limited to a payment pause or interest waiver on loans, not abolishing them altogether.
Biden knows what he's doing is lawless. He previously admitted publicly that he did not have the executive power to do it. House Speaker Nancy Pelosi said the same thing a year ago. Now, Biden is ignoring the law —and himself— by doing it anyway.
https://www.foxnews.com/opinion/bid...ut-plan-lawless-power-grab-designed-buy-votes
Published August 26, 2022 5:00am EDT
Biden's student loan handout plan is a lawless power grab designed to buy votes
President Biden does not have the power to cancel debt. His student loan handout plan is all about the midterm elections
By Gregg Jarrett | Fox News
Biden officials don't know how much the student loan debt handout will cost
Fox News White House correspondent Peter Doocy has the latest on President Joe Biden's student loan debt write-off on 'Special Report.'
President Joe Biden doesn’t have the legal authority for a wholesale cancellation of federal student loans. By executive fiat, he’s violating both the Higher Education Act and the Federal Claims Collection Act that set strict limits on modifying or waiving loans. Blanket cancellation of debt is forbidden without congressional authorization, not that unscrupulous Joe would care.
In attempting an end-run around those laws, Biden’s Justice Department claims he can "forgive" loans under the Heroes Act of 2003.
The DOJ apparently didn’t bother to read that law. It applies to war, military operations, and a national emergency. No such exigent conditions exist right now. Even if they did, the president’s authority to act unilaterally is limited to a payment pause or interest waiver on loans, not abolishing them altogether.
Biden knows what he's doing is lawless. He previously admitted publicly that he did not have the executive power to do it. House Speaker Nancy Pelosi said the same thing a year ago. Now, Biden is ignoring the law —and himself— by doing it anyway.
https://www.foxnews.com/opinion/bid...ut-plan-lawless-power-grab-designed-buy-votes
