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Lawmakers Plan to Sue Biden Admin. Over Student Loan Bailout

'He can’t just with the stroke of a pen cancel $300-$400 billion worth of student loans... '

(Chris Parker, Headline USA) As a growing number of experts question the legality of President Biden’s expensive student loan forgiveness program, one Republican lawmaker is calling for a lawsuit, reported Just the News.

South Carolina Republican Rep. Ralph Norman is predicting and calling for lawsuits to challenge the bailout.

“I would jump all over this,” he told Just the News, Not Noise when asked about the lawsuit. “We will join together.”

“I think other members of the Freedom Caucus, and to be honest with you, just members in Congress,” he said.

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“We are getting an earful. I think House and Senate, because this has really never been done before. And where do you stop it? Are you going to start making house payments? Forgiveness of debt? Are you going to do car payments? Where does it end?”

He is unlikely to be alone.

“This is illegal. The president doesn’t have the authority to do this. He’s not an emperor,” Sen. Marco Rubio, R-Fla., said.

“He can’t just with the stroke of a pen cancel $300-$400 billion worth of student loans.”

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Questions about the legality of student loan forgiveness came long before Biden’s recent bill. They also began with one of his closest allies, House Speaker Nancy Pelosi.

“People think that the President of the United States has the power for debt forgiveness. He does not,” she said on her website in July 2021. “He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.”

However, Pelosi still supports the loan forgiveness program that Biden just signed into law.

“President Biden’s bold action is a strong step in Democrats’ fight to expand access to higher education and empower every American to reach fulfillment,” Pelosi said in a statement last week.

The Committee for a Responsible Federal Budget believes that the forgiveness, combined with the latest round of loan pauses, will “nullify nearly a decade’s worth of deficit reduction from the Inflation Reduction Act.”

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