A U.S. judge has blocked Biden's new sweeping student loan forgiveness plan before his administration could even roll it out. What borrowers need to know.
Congress (i.e. the GOP) won’t budge on this issue and this is at least the 3rd attempt he’s made to forgive loans. Only thing left to do is invoke his “King powers” to do it anyway.
The Court granted immunity to prosecution (which is fucking insane) but that doesn’t actually give him the ability to forgive all debts. If a court says “no, the debt isn’t canceled” and the debt is still on the books somewhere, the problem remains unsolved. About the only way he can use presidential immunity to fix the problem would be to take out the judges that are blocking it.
The courts don’t control the ledger, the executive does. Biden would likely have to apply downward pressure to get some random employee with access to delete the debt records. At worst they’d get prosecuted federally and Biden would pardon them.
Congress (i.e. the GOP) won’t budge on this issue and this is at least the 3rd attempt he’s made to forgive loans. Only thing left to do is invoke his “King powers” to do it anyway.
The Court granted immunity to prosecution (which is fucking insane) but that doesn’t actually give him the ability to forgive all debts. If a court says “no, the debt isn’t canceled” and the debt is still on the books somewhere, the problem remains unsolved. About the only way he can use presidential immunity to fix the problem would be to take out the judges that are blocking it.
The courts don’t control the ledger, the executive does. Biden would likely have to apply downward pressure to get some random employee with access to delete the debt records. At worst they’d get prosecuted federally and Biden would pardon them.
Why would some random employee take that risk though?
So you thought there was a chance the third time he did the same thing it would work?