U.S. appeals court temporarily blocks Biden's student loan forgiveness plan

E

Earl

Well-known member
U.S. appeals court temporarily blocks Biden's student loan forgiveness plan
By Eric Beech
and Steve Gorman

WASHINGTON, Oct 21 (Reuters) - A U.S. appeals court on Friday temporarily blocked President Joe Biden's plan to cancel billions of dollars in college student debt, one day after a judge dismissed a Republican-led lawsuit by six states challenging the loan-forgiveness program.

The 8th U.S. Circuit Court of Appeals granted an emergency stay barring the discharge of any student debt under the program until the court rules on the states' request for a longer-term injunction while Thursday's decision against them is appealed.
Advertisement · Scroll to continue

The St. Louis-based appeals court also ordered an expedited briefing schedule on the matter.

U.S. District Judge Henry Autrey in St. Louis ruled on Thursday that while the six Republican-led states had raised "important and significant challenges to the debt relief plan," he threw out their lawsuit on grounds they lacked the necessary legal standing to pursue the case.

Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina said Biden's plan skirted congressional authority and threatened the states' future tax revenues and money earned by state entities that invest in or service the student loans.
https://www.reuters.com/markets/us/...ens-student-loan-forgiveness-plan-2022-10-21/
 
The only forgiveness is to those who signed a contract and won't honor it.

There is no forgiveness to the American taxpayers, many of whom worked two jobs to pay their student loans.
 
After a ruling by the Appellate Court, this will be decided by the Supreme Court.

A 400 billion dollar shift from the students to the American taxpayers is a violation of the Separation of Powers.

Only Congress can determine spending.
 
This is, of course, a blatant attempt at vote buying using the taxpayers own money.

De Tocqueville was right.

“The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money”
 
Earl said:
This is, of course, a blatant attempt at vote buying using the taxpayers own money.

De Tocqueville was right.

“The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money”
Click to expand...

The courts have been pretty much useless to this point.

We shall see.
 
You must log in or register to reply here.
Back
Top