Lawsuit To Stop Biden’s Student Loan Program Is Blocked

Several weeks prior, Joe Biden announced a brand new student loan debt forgiveness plan. Under this place, debt carriers will have $10,000 in student loans wiped away by the federal government. Those who received Pell Grants in order to get higher education will have $20,000 in student loans forgiven.

However, there are no free lunches in life. Biden’s student loan forgiveness plan predictably comes at the expense of American taxpayers. Even folks who went to college and already paid off their own debts will potentially be on the hook for covering someone else’s tab as well.

Since Biden’s student loan debt forgiveness plan emerged, many groups have attempted to block it. Sadly, this continues running into issues along the way.

A Surprising Rejection From the Supreme Court
The Wisconsin Institute of Law & Liberty is one of several organizations looking to spare taxpayers from having to pay for someone else’s higher education.

This is why the organization sued the Biden administration. Sadly, this lawsuit failed in federal court, due to a reported lack of standing. After this verdict, the Wisconsin Institute of Law & Liberty filed an emergency appeal with the Supreme Court.

Justice Amy Coney Barrett, an appointee of former President Trump, turned down the organization. In doing so, Barrett didn’t provide any such explanation for her decision or indicate that other justices were given a say in this.

Supporters of Biden’s program are already hailing the loss of the Wisconsin Institute of Law & Liberty.

What Happens Next?
Despite Justice Barrett’s decision, there are still many other groups legally challenging Biden’s student loan debt forgiveness initiative.

Currently, the president claims to be implementing this program through an emergency ordinance. Though in the same breath, Biden is also on record saying there’s not a COVID-19 pandemic anymore.

If legal action against this initiative isn’t successful, taxes and inflation will rise. Some folks who do have $10,000 to $20,000 in student loans forgiven may also be shocked to see their taxes increase.

There are several states across the country that view forgiven debt as taxable income. Though, of course, this isn’t something the White House wants to draw attention to.

Given the current state of the economy, federal spending needs to decrease, rather than rise through the rooftops yet again.