The supreme court is such a degenerate institution, and I don't mean that in terms of its current makeup. It's the only branch of government that considers itself immune to checks and balances from the other branches, and the legislature and executive are too chickenshit to do anything about it.
Except for Roosevelt, the last actually good president this country has had.
Are there any legal experts who could chime in to help me understand the why of this decision?
If these loans are held by the executive branch, why aren't they allowed to cancel their own loans? Is there really a federal law on the books against this?
Because these conservative judges are in the bag for the GOP and see an opportunity to hurt two groups of people they really hate:
Because executive action can be used only when it has been specifically authorized by Congress.
Yeah... but the FBI doesn't need to write to Congress every time it decides to make an arrest. Congress delegates broad powers to the executive branch and in this case my understanding is that there were relatively few carveouts limiting what could be done with these loans. What I'm asking about is what specifically did the court reference when they said that this action was an overstepping of the branch's authority?
It was authorized by congress, specifically the heroes act. It gave the executive branch the power to "waive or modify loans" in reponse to a national emergency, and cornavirus was declared one. The law passed by congress explicitly gives Biden the power to do this. It'd a terrible ruling by the court. Not to mention the suing parties have no standing to begin with, and the suit never should have even gone forward on that basis in the first place.
There is no national emergency anymore. He should have acted when covid was still a thing, or when he had a democrat congress.
"I got mine, you get fucked," part X of N?
"Why should t have to pay off someone else's loan" - most muricanes.
Yet they pay car insurance etc.
1.9 trillion in tax cuts to the top 10%? I sleep. 400 billion in PPP loans forgiven? I sleep. 400 billion in student loans? That's socialism!