Joe Biden’s illegal loan forgiveness program is on very thin ice which is quickly melting.
The 8th Circuit Court of Appeals has just put the kibosh on his unconstitutional program by issuing an injuncion, in a lawsuit brought by six red states.
Here’s more on this via The Hill:
A federal appeals court on Monday temporarily blocked the Biden administration’s student loan forgiveness program, which had already been halted nationwide by a separate court ruling.
The latest ruling, by a unanimous three-judge panel on the U.S. Court of Appeals for the 8th Circuit, added to the legal jeopardy surrounding President Biden’s massive debt-relief plan.
The panel, which comprised two Trump-appointed judges and one appointee of former President George W. Bush, said their order would remain in effect until further notice by the 8th Circuit or the Supreme Court.
The ruling was a win for six conservative-led states — Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina — which argued they were harmed by a freeze on the collection of student loan payments and interest.
The court’s 6-page ruling singled out the impact on a large, Missouri-based holder of student loans called the Higher Education Loan Authority of the State of Missouri.
“[T]he equities strongly favor an injunction considering the irreversible impact the Secretary’s debt forgiveness action would have as compared to the lack of harm an injunction would presently impose,” the panel wrote. “Among the considerations is the fact that collection of student loan payments as well as accrual of interest on student loans have both been suspended.”
This comes after a federal judge struck it down last week for being unconstitutional. I had mistakenly said the Fifth Circuit had struck it down, but it was a federal district court judge instead.
Either way, that’s two injunctions against Biden’s illegal program which is a strong sign that it won’t survive.