As Joe Biden tries to keep his campaign promise to “cancel” $10,000 in federal student loan debt, legal challenges could emerge, and rightfully so. Nothing is free, and it seems like the middle class that the Democrats claim to care about will foot the bill. If this proposal by the White House faces legal challenges, it will force them to change course.
Third Way is a centrist Democratic think tank, and the group has opposed Biden’s plan because of the possible legal challenges. Lanae Erickson, senior vice president for social policy, education, and politics at Third Way, said:
“We’re very concerned that it is going to get held up in court and leave borrowers in limbo.”
Hardworking Americans – small business owners, farmers, truckers – and so many more – will get the shaft because of Biden’s reckless decision to “forgive” student debt while the country still faces high inflation. Taking out a student loan was a choice, choices come with responsibility, and the students who decided to take out loans should pay them back. It should not “leave borrowers in limbo” if this debt “forgiveness” is struck down. It is not the taxpayers’ responsibility; the only person responsible should be the person who took out the debt.
Dalié Jiménez, a law professor at the University of California, Irvine, said:
“They very clearly narrowed their decision to this very specific national emergency hook … I think they did that probably to avoid a legal challenge or prevent it as much as possible.”
“It’s strategically a much better thing to do, and I think it narrows the possibility of successful challenges considerably.”
“It is still very vague congressional language and I don’t think Congress thought when it was passing Heroes that it was giving the department the authority to wipe out student debt.”