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Bad news for Joe Biden. His attempt to forgive student debts already has a place reserved in the Supreme Court (SCOTUS). The nation’s highest court agreed to hear the case of the Job Creators Network Foundation, which claims that the president’s initiative is an executive overreach.
While there were many lawsuits against student debt cancellation, SCOTUS will hear this case because a federal judge in Texas, based on the lawsuit, ruled in November that the project was illegal.
Judge Samuel Alito recently stated that he will evaluate whether Biden’s initiative was “authorized by law and adopted in a procedurally appropriate manner.” Oral arguments are scheduled for February 23.
Speaking to The Daily Wire, Elaine Parker, president of the Job Creators Network Foundation, said she was “pleased that the Supreme Court decided to hear our case.”
“If this illegal program is not stopped, it will give the Executive Branch a blank check, not only for this president, but for all future presidents, without any input from Congress or public participation,” she added.
The lawsuit focuses on Biden wanting to implement the aforementioned cancellation through an executive order. For Parker, the White House does not have emergency authority under the HEROES Act to cancel hundreds of billions of dollars in student loan debt.
“Instead, Congress should address the root of the student loan problem: unaccountable colleges and universities that rapidly increase tuition while counting on $700 billion in endowments,” proposed the Job Creators Network Foundation president.
This is the second case to reach the highest court, as there is another lawsuit, led by six Republican states, arguing that the measure poses a threat to their future tax revenues and avoids congressional oversight. Oral arguments in this case are also expected to take place in February.
Surprise! Biden’s plan costs a lot of money
Under the President’s structuring of the program, debt cancellation recipients could receive up to $10,000 in relief if they earn less than $125,000 or $250,000 per household. So far, about 26 million have applied for relief.
Implementing the plan would be an assault on the federal government’s wallet. According to the nonpartisan Congressional Budget Office, Biden’s initiative would cost about $400 billion, while the White House says the figure is about $300 billion.
Joaquín Núñez es licenciado en comunicación periodística por la Universidad Católica Argentina. Se especializa en el escenario internacional y en la política nacional norteamericana. Confeso hincha de Racing Club de Avellaneda. Contacto: [email protected] // Joaquín Núñez has a degree in journalistic communication from the Universidad Católica Argentina. He specializes in the international scene and national American politics. Confessed fan of Racing Club of Avellaneda. Contact: [email protected]