King Joe Can’t Transfer Student-Loan Debt
Americans have become increasingly and disturbingly accepting of life under executive rule.
By Jeffrey H. Anderson
May 3, 2022
Transferring hundreds of billions of dollars of student-loan debt—as Joe Biden is reportedly considering—would be unjust, indiscriminate, and remarkably irresponsible. It would force everyday Americans who didn’t take out those loans to shoulder their burden in the form of higher taxes or increased national debt (which, inevitably, leads to higher taxes). But none of this matters as much as the worst thing about such a potential action: It would be a naked violation of our constitutional forms, a move more monarchical than republican.
Both the Constitution and the founders’ writings make it clear that Congress has the power to make federal laws (subject to a presidential veto) and the power of the purse. Biden has neither, and yet he wishes to exercise both in this instance.
Even House Speaker Nancy Pelosi (D-Calif.) has said, “People think that the president of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.”
In case anyone missed the point, Pelosi added: “The president can’t do it. So that’s not even a discussion. Not everybody realizes that.”
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https://amgreatness.com/2022/05/03/king-joe-cant-transfer-student-loan-debt/
