, who said it is poorly timed because it will increase inflationary pressures amid the country's highest inflation in 40 years.for him doing so on his own, without congressional approval.that the president has to work with Congress to enact a debt forgiveness plan is Biden’s close legislative ally, House Speaker Nancy Pelosi, D-Calif.When Biden announced his plan, he didn’t issue an executive order.
The HEROES Act, the department wrote, "grants the Secretary authority that could be used to effectuate a program of targeted loan cancellation directed at addressing the financial harms of the COVID-19 pandemic." This authority, the legal memo says, can be used to "address the financial harms of such a war, other military operation, or emergency," such as the COVID-19 pandemic.
By taking this legal approach, the Education Department "must demonstrate a plausible connection between the relief offered and the financial burdens created by the pandemic," said Ryan D. Doerfler, a Harvard law professor.
No president has the power to offset personal loans to the masses. It’s just not fair. There has to be a lawsuit for the benefit of our country to reign in politicians scams on the people for personal political gain
If the student loan forgiveness plan did go to court, a majority of Supreme Court justices might rule against the plan based on the court's recent aggressiveness in curtailing federal agencies’ claims of authority.
It seems like you may want to have added the context mentioned in the story of how 'the plan's legal rationale may not hold up' given SCOTUS has recently been striking down all sorts of executive actions based on whimsy