4 ms·
“People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that
by notch656a 4y ago
“People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.”
-- (D) house speaker Pelosi regarding the constitutionality of debt forgiveness via EO
- amanaplanacanal 4y agoMy understanding is that the law authorizing those student loans allows the executive to forgive the loans during a declared emergency. I'm sure the courts will sort it out.
- notch656a 4y agoI would hope if the courts are sorting this out they will put an injunction in place to prevent cancelling the debt until a disposition and all appeals have been exhausted, as that may be something rather difficult to undo.
- nostromo 4y agoThey know it's going to get thrown out. But they also know that once the checks have been sent the courts can't do much to get the money back.
- notch656a 4y agoThe court can issue an emergency injunction to prevent an irreversible action like that before the courts are finished with it. Considering the president can just keep postponing the debt there's no real rush here to complete the cancellation before the courts can rule on the constitutionality.