https://hannity.com/media-room/lawyer-up-joe-six-states-sue-the-biden-administration-over-student-debt-cancellation/

President Biden’s plan to cancel billions in student loan debt is sitting well with everyone.

According to a report from The Washington Times, six states are suing the Biden Administration for Joe’s plan to cancel $10,000 to $20,000 of student debt per borrower for those who make less than $125,000 a year — or $250,000 for married couples.

The lawsuit says the economy is already struggling.

“The economy is not well,” reads the lawsuit filed in federal court in Missouri. “And there is no sign of relief.”

“In addition to being economically unwise and downright unfair, the Biden Administration’s Mass Debt Cancellation is yet another example in a long line of unlawful regulatory actions. No statute permits President Biden to unilaterally relieve millions of individuals from their obligation to pay loans they voluntarily assumed,” reads the 36-page lawsuit.

From The Washington Times:

The attorneys general from Arkansas, Nebraska, South Carolina, Missouri and Kansas are asking the court to pause the action, arguing the proposal exceeds presidential authority and would violate the Constitution and federal law. Iowa joined the lawsuit through its Republican governor.

The administration, meanwhile, has reasoned it has authority under a federal law allowing the feds to cancel certain debt during times of emergency.

More from The Washington Times:

You Might Like
Learn more about RevenueStripe...