I’m glad someone is. The POTUS does not have the authority to transfer $1 trillion of personal debt to the taxpayers.
A California libertarian group has sued the Biden administration over its plan to cancel student debt, calling it an illegal overreach which will end up taxing some Americans whose debt is forgiven.
“Congress did not authorize the executive branch to unilaterally cancel student debt,” said attorney Caleb Kruckenberg of the Pacific Legal Foundation, which filed the lawsuit – believed to be the first targeting Biden’s plan, AP reports. The Sacramento-based legal advocacy group filed the suit in Indiana, which is one of several states that plans to tax those whose debt is canceled by Biden’s plan.
Kruckenberg says that it’s illegal for the executive branch to create such policy “by press release, and without statutory authority.”
(Meanwhile, Biden is yanking student loan forgiveness for more than 750,000 borrowers who took federal government loans that were issued and managed by private lenders)
The suit’s plaintiff is Frank Garrison, described as a public interest attorney who lives in Indiana and is employed by the libertarian group.
Garrison is on track to get his student debt erased through a separate federal program for public servants. Although most borrowers will need to apply for Biden’s plan, Garrison and many others in that program will automatically get the relief because the Education Department has their income information on file. -AP
Zerohedge
ZeroHedge – On a long enough timeline, the survival rate for everyone drops to zero