Speaker 1: The Supreme Court on Friday dealt another defeat to President Joe Biden blocking
his student loan forgiveness program, CNN reports.
In a stinging defeat for President Joe Biden, the Supreme Court blocked the administration
student loan forgiveness plan Friday, rejecting a program aimed at delivering up to $20,000
of relief to millions of borrowers struggling with outstanding debt.
The decision was six three.
Chief Justice John Roberts wrote for the Conservative Supermajority.
This will become an issue in 2024.
Biden can try to galvanize liberals by claiming the conservative court prevented him from
delivering debt relief to voters.
Republicans are celebrating the ruling as a defeat for a bailout plan.
Republican led states and conservatives challenging the program say it's an unlawful attempt to
erase an estimated $430 billion of federal student loan debt under the guise of the pandemic.
Roberts said the Biden administration and Secretary of Education rewrote the law that
it cannot fairly be called a waiver.
It not only nullifies existing provisions, but augments and expands them dramatically.
However broad the meaning of waive or modify that language cannot authorize the kind of
exhaustive rewriting of the statute that has taken place here.
I have to tell you, this is not surprising.
Every time we we talked about this, for example, on the bonus.
Speaker 2: Show, a David Pac-Man membership because six bucks a month.
Speaker 1: Yeah.
Pat and I both said.
This is shaky.
While we agree with the policy, this legal basis is shaky and people would call in during
live calls and say, David, should I stop paying my student loans?
I owe nine grand.
Should I stop paying them because it might all get paid off.
And I said, don't take that advice from me.
It's not obvious to me that this is going to survive.
And it's not obvious to me that it makes sense to allow interest to continue accumulating
while you wait for this to work its way through the courts.
And indeed, this was the decision.
So, listen, the Supreme Court has handed Joe Biden a number of defeats by now.
The most important the most important takeaway and realization from all of this is.
None of this would be happening if Hillary Clinton had defeated Donald Trump in 2016.
And I know that there are people in my audience who don't want to hear this.
There are people who stayed home or voted someone in or whatever in 2016 under the guise
that Hillary is just too conservative for me.
Yeah, okay.
Trump's a clown, but not that different from Hillary Clinton.
And there were people like me and others who were saying, That's really dangerous.
We're not just pretending that the Supreme Court issue could be a major issue.
It really could.
Look.
Now, Roe v Wade student loans.
I can't even give you the full list.
Most of this stuff doesn't happen if Hillary Clinton wins in 2016.
With rumors now of potentially multiple retirements in the Supreme Court upcoming, I am going
to restate again and again that the Supreme Court could be a major issue in the next presidential
term.
And it is really important that we remember that.
And we take 2016 as a lesson as far as that goes.
So this is the Supreme Court's decision.
This is a loss for Joe Biden.
It is not a massive surprise, but it is a reminder about the importance of the Supreme
Court.
And we've got a horrible Supreme Court right now.
I mean, it's the reality.
We have a horrible Supreme Court.
We will continue following it.
We will see what other venues there may be, if any, for Joe Biden to do student loan forgiveness.
There are.
He could have done it with a different legal justification.
We've talked about it before.
We will talk about it again.
But that is the Supreme Court's decision.