Tag: student-loan forgiveness

Do Republicans Ever Fight Back?

 

While Republicans were dithering around, trying to figure out if they could stop Biden’s Executive Order for canceling student loan debt, a creative Libertarian identified a way to stop the legislation. Especially valuable was that he identified that he had standing to sue, which was anticipated as a major roadblock to this kind of challenge.

The EO should not have come as a surprise to anyone. Biden first mentioned it during his campaign and then in March 2020. Apparently, no one took him seriously:

Conservative groups have been threatening to challenge debt cancellation since Biden first aired the idea, saying it’s legally questionable and unfairly cancels student debt at the expense of Americans who didn’t attend college. One of the main challenges has been finding someone who faces personal harm as a result of Biden’s plan, giving them legal standing to sue.

This week on Hubwonk, host Joe Selvaggi talks with Dr. Beth Akers, AEI Senior Fellow, about the recent presidential executive order to cancel an estimated $500 billion in outstanding student debt. They explore who benefits, who pays, and the likely effects on tuition and the borrowing habits of future students.

Guest:

Manhattan Institute fellow Robert VerBruggen joins Brian Anderson to discuss the Biden administration’s executive actions on student debt, the growing higher-education bubble, and the enduring relevance of Charles Murray’s work on social policy.

Find the transcript of this conversation and more at City Journal.

Member Post

 

…and the student loan debacle announced by the person sitting in the Oval Office.  I think he only missed one thing-see if you can figure out what it is.  Italics mine. To change the subject from inflation, politicians like President Biden often find it useful to accuse businesses of price gouging. The alleged price gouging […]

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