Home World A Court blocks Biden’s loan bailout, but it already did its job

A Court blocks Biden’s loan bailout, but it already did its job


The U.S. Eighth Circuit Court of Appeals blocked President Joe Biden’s student loan “forgiveness” plan nationwide on Monday, putting a halt to the program that would force taxpayers to pay for others’ student debt. But Democrats already used the vote-buying scheme to sway young Americans’ votes last week, and now they’re blaming the plan’s blatant unconstitutionality on Republicans.

The federal court’s injunction deemed that the loan bailout “presents a threatened financial harm” to the states that sued the Biden administration over it, enough to temporarily bar the program from implementation. The injunction follows a separate decision by a U.S. District Court in Texas last week, which found that the HEROES Act of 2003 — a post-9/11 law that the Biden administration cited in its attempt to legally justify the program — “does not provide the executive branch clear congressional authorization to create a $400 billion student loan forgiveness program.”

The injunction will stay “until further order” from the Eighth Circuit Court or the U.S. Supreme Court,” the court said.

This puts a temporary halt to Biden’s student loan bailout plan announced in August. The program planned to “forgive” up to $10,000 in federal student loan debt ($20,000 for…

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