Democrats never saw it coming.
When everyone read the ruling, they were in shock.
And that’s because the Supreme Court just sided with Nancy Pelosi in this jaw-dropping decision.
A six-to-three majority on the Supreme Court struck down Joe Biden’s illegal scheme to steal over $400 billion from the Treasury to bail out student loan borrowers.
College graduates increasingly vote Democrat and Joe Biden took the illegal step last year to waive $10,000 in student loan payments for individuals making up to $125,000 or married couples earning a combined $250,000 to boost turnout in the midterm elections.
The Supreme Court scoffed at Biden’s stated rationale of using the 2003 HEROES Act to end-run Congress and rob $400 million from taxpayers to pay off a Democrat-leaning constituency.
Chief Justice John Roberts scoffed at Biden’s HEROES Act gambit as Congress passed the legislation in 2003 to allow the president to grant student debt relief to members of the military who enlisted after 9/11 or those who live in areas directly affected by a terrorist attack.
“[T]he HEROES Act provides no authorization for the Secretary’s plan even when examined using the ordinary tools of statutory interpretation—let alone ‘clear congressional authorization’ for such a program,” Chief Justice Roberts wrote.
Joe Biden tried to usurp Congress’s Article I authority over the power of the purse.
No one knew this better than Nancy Pelosi.
Chief Justice Roberts cited then-House Speaker Nancy Pelosi’s 2021 comments that the president did not have the authority to wipe out student debt as evidence to buttress the majority’s ruling.
“Today, we have concluded … that our precedent—old and new—requires that Congress speak clearly before a Department Secretary can unilaterally alter large sections of the American economy,” Roberts wrote.
“’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.’”
SCOTUS cited Nancy Pelosi in their ruling against Biden’s Student Loan handout:
“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… pic.twitter.com/2aRywEkStB
— Benny Johnson (@bennyjohnson) June 30, 2023
Joe Biden fumed after the ruling and promised to take new action to unilaterally wipe out student loan debt.
The Court’s conservatives likely will not look kindly upon Biden flouting their ruling.
But if Biden tries to impose another student loan bailout by executive fiat it will just give the majority a chance to dismantle another pillar of the administrative state.