Tag: Student Loan Bailout

Republican Lawmakers Unveil New Plan to Spike Biden’s Student Loan Bailout

Michigan Star Staff

Several Republican lawmakers announced on Friday that they will introduce a Congressional Review Act (CRA) to reverse President Joe Biden’s attempt to cancel student loan debt, according to a press release sent to the Daily Caller News Foundation.

Republican Sens. Bill Cassidy of Louisiana, John Cornyn of Texas and Joni Ernst of Iowa made the announcement shortly after the Government Accountability Office (GAO) ruled that the CRA, a congressional oversight tool to reverse rules by federal agencies, can be used to counter the Biden administration’s student loan cancelation proposal, according to the Senate Committee on Health, Education, Labor and Pensions’ press release. The senators argue that the plan does not cancel debt, but shifts the burden to the taxpayers.

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Commentary: Lawsuit to Block Student Loan Bailout Can Set Stage for Solving Debt Crisis

RealClearWire

“Here’s the thing. People think that the President of the United States has the power for debt forgiveness. He does not…. [H]e does not have that power. That would have to be an act of Congress.”

Is this the perspective of a conservative legal analyst? A Republican politician? Nope. Those are the words of none other than House Speaker Nancy Pelosi, explaining to reporters last year why President Biden doesn’t have the authority to end student debt.

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