UH OH! U.S. appeals court temporarily blocks Biden's student loan forgiveness plan!

[Lil-Shrimp]

https://www.reuters.com/markets/us/u...an-2022-10-21/

U.S. appeals court temporarily blocks Biden's student loan forgiveness plan

WASHINGTON, Oct 21 (Reuters) - A U.S. appeals court on Friday temporarily blocked President Joe Biden's plan to cancel billions of dollars in college student debt, one day after a judge dismissed a Republican-led lawsuit by six states challenging the loan-forgiveness program.

The 8th U.S. Circuit Court of Appeals granted an emergency stay barring the discharge of any student debt under the program until the court rules on the states' request for a longer-term injunction while Thursday's decision against them is appealed.

The St. Louis-based appeals court also ordered an expedited briefing schedule on the matter.

U.S. District Judge Henry Autrey in St. Louis ruled on Thursday that while the six Republican-led states had raised "important and significant challenges to the debt relief plan," he threw out their lawsuit on grounds they lacked the necessary legal standing to pursue the case.

Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina said Biden's plan skirted congressional authority and threatened the states' future tax revenues and money earned by state entities that invest in or service the student loans.

The non-partisan Congressional Budget Office in September calculated the debt forgiveness would cost the government about $400 billion.

White House press secretary Karine Jean-Pierre said Thursday's temporary order does not prevent borrowers from applying for student debt relief or bar the Biden administration from reviewing applications and preparing them for transmission to loan servicers.

"We encourage eligible borrowers to join the nearly 22 million Americans whose information the Department of Education already has," Jean-Pierre said.

"It is important to note that the order does not reverse the trial court's dismissal of the case or suggest that the case has merit," she added. "It merely prevents debt from being discharged until the (appeals) court makes a decision."

Nebraska Attorney General Doug Peterson, a Republican who is leading the lawsuit, welcomed the temporary stay.

"It’s very important that the legal issues involving presidential power be analyzed by the court before transferring over $400 billion in debt to American taxpayers,” he said.

The case reaching the 8th Circuit is one of a number that conservative state attorneys general and legal groups have filed seeking to halt the debt forgiveness plan announced in August by Biden, a Democrat.

Autrey ruled about an hour after U.S. Supreme Court Justice Amy Coney Barrett denied without explanation an emergency request to put the debt relief plan on hold in a separate challenge brought by the Wisconsin-based Brown County Taxpayers Association.

Biden said the U.S. government will forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. Borrowers who received Pell Grants to benefit lower-income college students will have up to $20,000 of their debt canceled.

The policy fulfilled a promise that Biden made during the 2020 presidential campaign to help debt-saddled former college students.

Democrats are hoping the policy will boost support for them in the Nov. 8 midterm elections in which control of Congress is at stake.

y'all broke ass nikkas better pay up!

[diamenz]

damn. where was this court at back in 08 to block the aid programs that handed our $ out to wall street?

[JohnnySic]

Well shucks, that's just too bad.

[Off the Court]

"Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina said Biden's plan skirted congressional authority and threatened the states' future tax revenues and money earned by state entities that invest in or service the student loans."



Just don't forgive the debt in those states then

I'm a fan of this move though it will definitely get any remaining college grads that lean right to flip.

[1987_Lakers]

Seriously, wtf has Biden done in his time in office other than raising gas prices & that clown show in Afghanistan?

I'm not even a republican, but Trump was better in office, by far.

[Off the Court]

Seriously, wtf has Biden done in his time in office other than raising gas prices & that clown show in Afghanistan?

I'm not even a republican, but Trump was better in office, by far.

Ending the war in Afghanistan was great and so is student debt relief but how about ending all federal weed charges?

How about record low unemployment?

[Patrick Chewing]

"Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina said Biden's plan skirted congressional authority and threatened the states' future tax revenues and money earned by state entities that invest in or service the student loans."



Just don't forgive the debt in those states then

I'm a fan of this move though it will definitely get any remaining college grads that lean right to flip.

No sane person in this country is flipping to Democrat.

[ArbitraryWater]

Dems like

[Patrick Chewing]

Dems are wasting their time appealing to young people by legalizing weed or dropping charges or eliminating debt. It's the 30 plus or 40 plus voter that moves the needle in Elections. This Off the Court fool thinks the weed and student debt thing is a winning plan for Dems, but what's killing Dems right now is rising inflation and rising crime in Blue cities all across the nation. And these clowns want to let more criminals out on the street??...........................

[Axe]

I'm not even a republican, but Trump was better in office, by far.

Didn't you try to diss him bt too? Lol.

[Off the Court]

No sane person in this country is flipping to Democrat.

College grads will but you're right most of those already lean left. Righties can't relate to white collar usa.

[Patrick Chewing]

College grads will but you're right most of those already lean left. Righties can't relate to white collar usa.

White collar? Most young Liberals dye their hair pink and green and complain about Capitalism. There's a reason why young Liberals flock to free shit promised by disingenuous Dems that are just buying the vote.

[Off the Court]

White collar? Most young Liberals dye their hair pink and green and complain about Capitalism. There's a reason why young Liberals flock to free shit promised by disingenuous Dems that are just buying the vote.

That's cool man. Now would you be a pal and fetch me a cup of coffee? I'll be in my office, the one with all the college degrees on the wall. Thanks again.

[Patrick Chewing]

That's cool man. Now would you be a pal and fetch me a cup of coffee? I'll be in my office, the one with all the college degrees on the wall. Thanks again.

Nah I'm busy running a business. You know...Capitalism. Why don't you fetch me a coffee when it's your break from running the mail room.

[1987_Lakers]

Even though I still agree with some democrat views, what has transpired in the last few years has completely turned me off about them. I remember when Democrats were the party of "free speech" and they were all about "my body, my choice", but what has transpired since 2020 is the reason why I won't vote democrat anytime soon.

- They are for censorship, can't say anything they don't agree with, even if it ends up being true like Hunter's laptop.

- They got COVID completely wrong, FORCING people to get shots even if young healthy people didn't want it. And now Big Pharma admits the vaccine wasn't tested to stop the spread of Covid. SMH

- Joe Biden basically being Jimmy Carter 2.0

I actually didn't mind Obama, thought he was decent, but I did notice the party was shifting to another direction while he was in office and now in 2022 they have become something I don't recognize.

What we are seeing is a political realignment, which also happened in the 1960's.