Student Loan Forgiveness: Supreme Court Rejects Biden’s Debt Forgiveness Plan
Student Loan Forgiveness: Supreme Court Rejects Biden’s Debt Forgiveness Plan
The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history and affects tens of millions of borrowers.
Of course they did. If you're rich, you get a bailout. If you're not, then fuck you.
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I'm sooooo disappointed, but also sooooo not surprised.
Legally, Biden did have weak legal ground, but also legally then the decision shouldn't have been allowed because the states who sued had, with unanimous decision by the Supreme Court, no legal ground at all.
NPR reports that the Biden admin will have a response and plan announced soon.
My guess is they have had a few back up plans considering no one thought this would work.