Supremes block Biden’s plan to stick taxpayers with $400 billion in student loan debt

The U.S. Supreme Court on Friday blocked Joe Biden’s scheme to stick taxpayers with the tab for some $400 billion in student loans.

Biden has wanted to “cancel” student loan debt amounts of $10,000 or $20,000, depending on circumstances, and have taxpayers pay up.

But the Supreme Court, on a 6-3 ruling, said no.

Fox Business said the justices found the law does not allow the secretary of education to follow through on Biden’s plan to cancel $430 billion in student loan debt.

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“The secretary’s plan canceled roughly $430 billion of federal student loan balances, completely erasing the debts of 20 million borrowers and lowering the median amount owed by the other 23 million from $29,400 to $13,600,” Chief Justice John Roberts said. “Six state sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree.”

The Biden strategy had been to inordinately benefit those who took out tens of thousands of dollars in student loans. He would have provided up to $10,000 in debt relief – and up to $20,000 for Pell Grant recipients – for people who make less than $125,000 a year.

But that cost would then have fallen on taxpayers, many of whom already had paid off their own loans, or didn’t take out such loans.

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Critics argued he lacked the authority to simply transfer indebtedness from borrowers to non-borrowers.

Republicans in Congress already have proposed a series of moves that would address the problem of high student indebtedness.

The Washington Examiner explained a nearly three-year moratorium on payments, triggered by the pandemic from the Chinese COVID-19, is set to expire this fall.

The Examiner noted the decision was a “stark setback” for Biden.

The majority ruling found the statutory grant and authority to the secretary of education to “waive or modify” loan terms cannot be extended to the point such debt transfers.

It also found such moves would require clear congressional authorization, which Biden has not been able to get.

“The secretary asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal. It does not,” Roberts wrote.

Studies revealed many of the large cancellations would have benefited the wealthy, including students finishing law school and headed toward lucrative careers in that industry.

The Examiner explained, “In the first case challenging the loan plan, Nebraska along with five other states that sued argued the 20 million borrowers who would have their entire loans erased would get a ‘windfall’ leaving them better off than before the pandemic. The state challenge was successful in the U.S. Court of Appeals for the 8th Circuit, which put the plan on hold last October.”

A second case was not addressed for lack of standing.

Senate Majority Leader Chuck Schumer, D-N.Y., an ardent Biden supporter, indicated the Supreme Court ruling would mean little to Democrats.

“The Biden administration has remaining legal routes to provide broad-based student debt cancellation. With the pause on student loan payments set to expire in weeks, I call upon the administration to do everything in its power to deliver for millions of working- and middle-class Americans struggling with student loan debt.”

But Sen. Bill Cassidy, R-La., said it affirmed the divided power of the Constitution.

“Today’s Supreme Court ruling confirmed what we have known all along: the Biden administration’s student loan plan is an overreach of executive power. This is an obvious but welcomed ruling. President Biden’s student loan scheme does not ‘forgive’ debt, but unfairly transfers the burden from those who willingly took out loans onto those who chose not to attend college or already fulfilled their commitment to pay off their loans.”

IMPORTANT NOTE: It’s hard to believe it’s really happening, but it is. Male athletes pretend to be females, dominate their sports, and are thereby rapidly destroying women’s competitive sports worldwide. Convicted male criminals suddenly claim to be transgender so they can be confined in a women’s prison and sexually abuse the female inmates there. Men claiming to be female likewise invade women’s locker rooms, bathrooms, schools, dormitories, sororities, shelters, spas and social organizations – and in the process steal women’s scholarships, advancement, honors and myriad other opportunities.

Meanwhile, transgender groomers and recruiters in schools and on social media platforms like TikTok are continually feeding and expanding the current “mass hysteria” craze that has already led countless teen girls to take testosterone and undergo double mastectomies in a pathetic effort to become boys. No wonder the CDC reports 3 in 5 teen girls say they feel “persistently sad or hopeless” and almost 1 in 3 say they have seriously considered committing suicide.

All of this on top of the radical left’s renewed obsession with killing women’s unborn babies via abortion.

The “woke” left’s maniacal attack on women and girls, virtually unreported by the rest of the media, is the entire focus of the sensational June issue of WND’s critically acclaimed WHISTLEBLOWER magazine, titled “THE LEFT’S TOTAL WAR ON WOMEN.” WHISTLEBLOWER is available in both the popular print edition and a state-of-the-art digital version, either single issues or discounted annual subscriptions.

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Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact