The Supreme Court should disallow President Joe Biden’s sweeping plan to partially forgive student loans, former House Speaker John Boehner and two other former lawmakers who crafted the loan relief legislation the president says empowers him to grant debt relief, told the court.
Biden unveiled the controversial plan in August 2022 in a move critics decried as a constitutionally dubious attempt to shore up Democrats’ fortunes in the November 2022 congressional elections. While the Congressional Budget Office said the plan could cost about $400 billion, the Wharton School at the University of Pennsylvania estimates the price tag could exceed $1 trillion.
About 26 million people reportedly applied under the program before courts blocked it last year. Of those 26 million, 16 million were reportedly approved before the government stopped accepting applications….