President Biden’s administration is facing yet another lawsuit as a growing number of states seek to block his student loan handout scheme. Missouri and six other states filed a case on Tuesday.
Missouri Attorney General Andrew Bailey filed a lawsuit claiming that Biden’s “SAVE” plan, introduced in February, is unlawful and will cost American taxpayers $475 billion. Bailey’s lawsuit comes only weeks after Kansas and ten other states sued the Biden administration over the identical scheme.
“With the stroke of his pen, Joe Biden is attempting to saddle working Missourians with a half-trillion-dollar debt.” The United States Constitution clearly states that the President does not have the right to unilaterally ‘eliminate’ student loan debt for millions of Americans without express congressional authorization,” Bailey told Fox News Digital.
“The President does not have the authority to overturn the Constitution when it fits his political purpose. I’m bringing a lawsuit to stop his shameful attempt to purchase the 2024 election in flagrant violation of the law.” The Constitution will continue to have meaning as long as I am Attorney General.”
The attorneys general of Arkansas, Florida, Georgia, Ohio, Oklahoma, and North Dakota have joined Bailey’s complaint.
Missouri and Arkansas both filed the lawsuit that ended Biden’s prior student loan plan last year. The Supreme Court ruled 6–3 that Biden’s scheme was unconstitutional.
“President Biden has already lost on this issue once, and he refuses to obey the law. The Supreme Court could not have been more clear: President Biden cannot unilaterally eliminate student debt and require taxpayers to absorb the multibillion-dollar cost,” Arkansas Attorney General Tim Griffin told Fox News Digital.
The lawsuit contends that Biden’s SAVE proposal is part of “a long but troubling pattern of the President relying on innocuous language from decades-old statutes to impose drastic, costly policy changes on the American people without their consent.”
Fox News Digital’s request for comment elicited no immediate response from the White House, but the Biden administration had previously defended the SAVE program in a Kansas lawsuit.
“The Department will not comment on pending lawsuits. However, Congress granted the U.S. Department of Education the authority to specify the conditions of income-driven repayment plans in 1993, and the SAVE plan is the Department’s fourth use of that authority,” an Education Department official stated at the time. “The Biden-Harris Administration won’t stop fighting to provide support and relief to borrowers across the country, no matter how many times Republican-elected officials try to stop us.”
Tuesday’s lawsuit comes only one day after Biden unveiled his plan to eliminate student loan debt. This latest one focuses on reducing loans that have exceeded their principal due to interest. Borrowers could save up to $20,000 in accrued interest, while borrowers and couples earning less than $120,000 or $240,000 would be able to save all of their accrued interest over the principal amount.
As a result, approximately 23 million Americans’ loans would be reduced to their original amount.
Bailey says his office is monitoring the interest rate drop, even though he has no legal action to announce.
“We defeated his illegal student loan proposal in court last summer, so he hastily implemented proposal B. Now that we’ve challenged it, he’s panicking and preparing a Plan C. “We will continue to monitor him closely and take action whenever he exceeds his authority,” Bailey told Fox.
