This massive loan forgiveness is sheer insanity and extremely unfair e.g. to those who paid off their debt or who did not even sign up for expensive higher education out of fear of large debt!
What was this senile and demented 46th President thinking if anything!!!
Let's hope and pray the Supreme Justices will reject this excess of presidential power without explicit congressional authorization!
If this gigantic debt cancellation prevails it would open the flood gates for more nonsense!
"The conflict between the executive and the judiciary that has been growing in recent years will be on view when the court begins on Tuesday to hear arguments over the Biden administration’s roughly $400 billion plan to forgive federal student debt for tens of millions of borrowers. Justices will have an opportunity to set strict limits over a president’s ability to implement policies without explicit authorization from Congress. This would limit President Biden’s ambitions at a moment when he faces few prospects for legislative breakthroughs."
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