Joe Biden’s pulled a number of illegal stunts since taking office.
The latest power grab takes the cake.
And the Supreme Court hit back against Joe Biden with one special ruling.
Just before the midterm elections Joe Biden tried to buy the votes of young Americans by announcing a scheme to steal up to $1 trillion from the Treasury to bail out student loan debt.
The 85 percent of Americans who either do not own student loan debt or played by the rules and paid off their debt are now on the hook for the debt owned by privileged elites, some of whom are Harvard and Yale-educated doctors and lawyers.
This unilateral exercise of executive power was blatantly illegal and Joe Biden’s allies even said so.
Back in 2021 when Biden first floated the idea of a student loan bailout, Nancy Pelosi told reporters the president had no constitutional authority to wipe out student loan debt.
But polls showed Democrat voting constituencies such as 18- to 29-year-olds lagging in enthusiasm for Biden so Biden tried the oldest political trick in the book – buying their votes with government goodies.
The scheme paid off as Democrats turned in a better-than-expected midterm election performance thanks in part to running up big margins with young Americans.
However, the college graduates who turned out for Biden had no idea they were never going to see that bailout.
The Eighth Circuit Court of Appeals blocked the student loan bailout from going forward after six red states sued.
And now the case is before the Supreme Court which agreed to hear the case in February but left the injunction in place blocking Biden’s student loan bailout.
The New York Times reported:
The Supreme Court agreed on Thursday to decide whether the Biden administration had overstepped its authority with its plan to wipe out billions of dollars in student debt.
The justices put the case on an unusually fast track, saying they would hear arguments in February. In the meantime, though, they left in place an injunction blocking the program.
The court’s brief order gave no reasons and did not note any dissents.
The court acted after the Justice Department filed an emergency application asking the justices to lift the injunction, which had been issued by the U.S. Court of Appeals for the Eighth Circuit, in St. Louis, at the request of six Republican-led states.
The idea the president owns the authority to unilaterally set fiscal policy is insane and antithetical to Founders’ intention.
If a president truly had this power then a Republican president could issue an executive order waiving income taxes.
Joe Biden pulled similar stunts in trying to boost his political standing with a federal vaccine mandate and national eviction moratorium.
The Supreme Court swiftly swatted down those illegal executive orders.
And Joe Biden’s student loan bailout is likely to meet the same fate.
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