Here's how Joe Biden is justifying his outrageously unlawful student debt cancellation, and if this isn't impeachable, we don't know what is

“With the flick of a pen,” President Joe Biden has just told millions of hardworking Americans that the federal government will be confiscating their money and transferring it to a large group of overwhelmingly well off and overwhelmingly white 20-somethings who bit off more than they could chew.

With the flick of a pen, President Biden has taken a giant step forward in addressing the student debt crisis by cancelling significant amounts of student debt for millions of borrowers.

My statement with @SenWarren: pic.twitter.com/LuZo8EowyD

— Chuck Schumer (@SenSchumer) August 24, 2022

More like the flick of a middle finger, Chuck. But whatever. You do you.

While Democrats — well, with one exception, at least — are high-fiving and popping the Champagne, the rest of us are sitting her trying to figure out how the hell the president can legally justify what he’s doing. And apparently we’d be expected to be satisfied with this answer:

How's he doing it?

Biden is employing a post-9/11 law that allows for debt cancelation "in connection with a war or other military operation or national emergency."

Which emergency? "[T]he present COVID-19 pandemic," per a Dept of Ed memo issued yesterday.

h/t @kathrynw5.

— Steven Portnoy (@stevenportnoy) August 24, 2022

https://twitter.com/chrisfrich/status/1562492382473441283

Oh, it be true:

Here's the memo:
https://t.co/KyrQoWdQ18

— Steven Portnoy (@stevenportnoy) August 24, 2022

The HEROES Act, first enacted in the wake of the September 11 attacks, provides the Secretary broad authority to grant relief from student loan requirements during specific periods (a war, other military operation, or national emergency, such as the present COVID-19 pandemic) and for specific purposes (including to address the financial harms of such a war, other military operation, or emergency). The Secretary of Education has used this authority, under both this and every prior administration since the Act’s passage, to provide relief to borrowers in connection with a war, other military operation, or national emergency, including the ongoing moratorium on student loan payments and interest.

Specifically, the HEROES Act authorizes the Secretary to “waive or modify any statutory or regulatory provision applicable to the student financial assistance programs” if the Secretary “deems” such waivers or modifications “necessary to ensure” at least one of several enumerated purposes, including that borrowers are “not placed in a worse position financially” because of a national emergency. 20 U.S.C. § 1098bb(a)(1), (2)(A).

In present circumstances, this authority could be used to effectuate a program of categorical debt cancellation directed at addressing the financial harms caused by the COVID-19 pandemic. The Secretary could waive or modify statutory and regulatory provisions to effectuate a certain amount of cancellation for borrowers who have been financially harmed because of the COVID19 pandemic. The Secretary’s determinations regarding the amount of relief, and the categories of borrowers for whom relief is necessary, should be informed by evidence regarding the financial harms that borrowers have experienced, or will likely experience, because of the COVID-19 pandemic. But the Secretary’s authority can be exercised categorically to address the situation at hand; it does not need to be exercised “on a case-by-case basis.” Id. § 1098bb(b)(3). That is, he is not required to determine or show that any individual borrower is entitled to a specific amount of relief, and he instead may provide relief on a categorical basis as necessary to address the financial harms of the pandemic.

As someone who has consistently opposed the continuous flow of power from the legislative to the executive, regardless of which party is in charge, this is just another very bad step in that direction and using an "emergency" pretense makes it even worse. https://t.co/IiKHESO4eQ

— Michael Freeman (@michaelpfreeman) August 24, 2022

Republicans might as well burn down DC now, metaphorically speaking. If Biden will use a 9/11 law to bail out debtors on the backs of taxpayers, pour some gasoline, strike a match, walk away, and rebuild on the rubble, Republicans.

— Erick Erickson (@EWErickson) August 24, 2022

***

Help us keep owning the libs! Join Twitchy VIP and use promo code AMERICAFIRST to receive a 25% discount off your membership!

Here's how Joe Biden is justifying his outrageously unlawful student debt cancellation, and if this isn't impeachable, we don't know what is

Recommended

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos