Heritage Foundation economist EJ Antoni told Breitbart News Daily that President Joe Biden is playing “politics” by trying to extend the student loan pause through November 2024 after his latest loss at the Supreme Court.
Antoni spoke to Breitbart News Daily host Matthew Boyle after the Supreme Court struck down President Joe Biden’s debt transfer plan, ending a $430 billion write-off that has been slammed as an election gimmick.
Antoni explained in an op-ed:
Taxpayers can be grateful that the Supreme Court struck down President Joe Biden’s unconstitutional student loan bailout. The justices saved America from not just a massive expense on the current federal balance sheet, but excessive borrowing and higher tuition costs in the future.
Biden’s student loan amnesty plan was a misuse of the 2003 HEROES Act and would have put taxpayers on the hook for up to $20,000 per student loan borrower. Even those borrowers with relatively high incomes were eligible for the…
