Missouri Attorney General Andrew Bailey has successfully blocked President Biden’s student loan forgiveness plan, which he deemed as an illegal handout scheme that would saddle Americans with half-a-trillion dollars in debt. The U.S. District Court for the Eastern District of Missouri granted Bailey’s motion to stop the plan, known as the “SAVE” Plan, from taking effect on July 1. Bailey, along with attorneys general from several other states, argued that Biden did not have the authority to implement such a plan without Congress’s approval.
This latest legal victory comes after a previous successful challenge by Bailey against Biden’s attempt to transfer hundreds of billions of dollars in student loan debt without explicit authorization from Congress. The Supreme Court ruled that Missouri, through its student loan servicing company MOHELA, had the standing to challenge the plan, ultimately declaring it unconstitutional.
Bailey emphasized the importance of upholding the rule of law and ensuring that the President does not overstep his bounds when it comes to matters of fiscal policy. He stated that only Congress has the power of the purse, and that Biden’s plans to erase student debts would have unfairly burdened working Americans with debts they did not incur.
In light of these legal victories, Bailey remains committed to defending the Constitution and ensuring that the rule of law is upheld. He continues to advocate for the interests of Missourians and other Americans who would have been impacted by Biden’s student loan forgiveness plan.
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