Biden accused of 'shredding the Constitution' with new student loan bailouts: 'A stunning act of contempt'

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Fox News

'He's transferring billions from borrowers to taxpayers,' Gregg Jarrett tells 'Fox & Friends'
April 8, 2024 1:00pm EDT

Fox News legal analyst Gregg Jarrett reacted on "Fox & Friends" to President Biden's plan to push sweeping student loan bailouts on the campaign trail. Jarrett said Biden's new plans for student debt forgiveness are still unconstitutional and will transfer billions of dollars to taxpayers.

GREGG JARRETT: They're inventing a different, runaround, the Supreme Court decision. In so doing, Joe Biden is brazenly defying the law, and then he has the audacity, the arrogance to brag about it, admitting recently, yes, the Supreme Court blocked my plan, it's illegal. But then he said, quote, that won't stop me. You know, no amount of lawlessness is beyond Joe Biden by dictate. What he's really doing is shredding the Constitution. He changed his method of loan forgiveness in the latest plan. But the same legal principles that make it unconstitutional, still apply. He's not canceling anything, he's transferring billions of debt from borrowers to taxpayers and under the Constitution, only Congress has the power to do that, as the Supreme Court explained in their decision. So this is a stunning act of contempt. Biden says he doesn't care about the separation of powers, the law or the Constitution. So I sort of ask you here: who's the dictator? Who's the threat to democracy?

The court has struck down multiple versions of Biden's plans for a student loan bailout, and 11 Republican-led states filed a lawsuit against the version he announced in February. The new Biden plan is expected to affect up to 30 million Americans, who will see sizable portions of their student debt slashed before the November election, according to the Wall Street Journal.

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The plan would further cancel debt for borrowers who have held onto their loans for decades without fully paying them off. The forgiveness would apply to any undergraduate debt lasting more than 20 years and any graduate debt lasting more than 25 years, according to WSJ.

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The Televised Mental Institution

Streamed live 25 minutes ago

President Joe Biden is expected to announce revised plans to cancel student debt along with other actions benefiting millions during a visit to Madison, Wisconsin. More than 30 million Americans would benefit from the plans in combination with other actions the administration has taken, the White House said.

[Valin]

Apr 9, 2024 #newtgingrich #newt #gingrich

Newt Gingrich joined Sean Hannity on @FoxNews to discuss the initiative to buy votes.

[Draggingtree]

THREE SIMPLE WORDS FOR JOE BIDEN

YOUR  A  THIEF

 

[Valin]

White House announces $7.4B student debt cancellation to give 'breathing room,' takes dig at House GOP