Biden’s Student Loan Forgiveness Program is Illegal
alancalandro.substack.com
On August 24, 2022, President Biden announced a Student Loan Relief program which is a euphemistic name for cancelling $519 million in college student debt and transferring it to everyone else. Leaving aside the sensibility of cancelling willfully agreed to student debt for college, you may have wondered how the President can constitutionally change spending/revenue without Congressional approval. Of all the lessons learned in secondary school, most of us remember that Congress, not the Executive, was given the power of the purse by the Constitution.
Biden’s Student Loan Forgiveness Program is Illegal
Biden’s Student Loan Forgiveness Program is…
Biden’s Student Loan Forgiveness Program is Illegal
On August 24, 2022, President Biden announced a Student Loan Relief program which is a euphemistic name for cancelling $519 million in college student debt and transferring it to everyone else. Leaving aside the sensibility of cancelling willfully agreed to student debt for college, you may have wondered how the President can constitutionally change spending/revenue without Congressional approval. Of all the lessons learned in secondary school, most of us remember that Congress, not the Executive, was given the power of the purse by the Constitution.