Federal Court Blocks Biden’s Taxpayer-Funded Student Loan Bailout

The 8th Circuit Court of Appeals blocked Biden’s taxpayer-funded bailout for those who took on loans they probably should not have.

The stay, issued Friday, blocks the administration from pushing student loan debt onto taxpayers.

“Appellants’ emergency motion for an administrative stay prohibiting the appellees from discharging any student loan debt under the Cancellation program until this Court rules on the appellants’ motion for an injunction pending appeal is granted,” the court order read.

The stay is temporary and in place only while the 8th circuit considers the merits of the case brought by a coalition of states seeking relief from Biden’s heavy-handed abuse of power. The temporary stay could result in the imposition of a preliminary injunction as the states are requesting.

Biden used executive action to create the bailout which, against the Constitution, takes the power of the purse away from Congress – and the people it represents.

The bailout program is expensive. The average burden on every taxpayer in the country is estimated to be about $2,100 – whether they owe college debt or not or even if they have already paid back debt for themselves or family members.

The court’s temporary stay prevents the administration from bailing any debtors out for now and it’s fate will likely require a Supreme Court decision.

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