Challenging Biden's costly unfair student loan forgiveness plan
Inflation continues to plague the country, interest rates are spiking and stocks are down. And President Joe Biden’s misguided student loan forgiveness plan will only fuel higher prices by dumping a lot more money into the economy.
It’s a short-sighted ploy for midterm votes, and it’s likely to backfire on him and his fellow Democrats.
Thankfully, the Pacific Legal Foundation is standing up for taxpayers’ interests and has filed a lawsuit today challenging the loan cancellation announced last month.
Roughly 60% of Americans don’t have a bachelor’s degree and many others have paid off their student loans. So why should they have to shoulder the burden of other people’s costly choices?
In addition, the fact Biden made this decision unilaterally, apart from Congress, is “flagrantly illegal,” according to PLF. The costs could easily exceed $500 billion – a huge appropriation that should have gone through the legislative process.
The Pacific Legal Foundation seeks to put a stop to the loan cancellation altogether and is going about it by representing a plaintiff who will actually be harmed by the loan forgiveness. As I discuss in my column today, this lawsuit seeks to uphold the separation of powers, and it’s a welcome development.
— Ingrid Jacques
I spent years in solitary confinement. End this horrific mistreatment.
By Donna Hylton
At the age of 21, I was sentenced to 25 years to life in prison and sent to a New York state facility. It was a dark and violent place filled with cries of pain and suffering.
My wing was a corridor of 24 cells that housed mostly Black bodies longing for help. And after a prison theft – during which I was accused of wrongdoing, but not involved – I was sent to solitary confinement and spent a year proving my innocence.
Walking out to see sunlight after a year was painful. Being around people again felt different. Trying to be normal felt abnormal. Read more...
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