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Cato Podcast

Is Biden's Big Student Debt Cancellation Legal?

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 7 September 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

There are significant legal problems with the President's plan to cancel billions of dollars in student debt. Tommy Berry explains.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Tuesday, September 6, 2022.

0:07.0

I'm Caleb Brown.

0:08.0

However strong the case might be for student loan forgiveness,

0:11.6

the case for the legality of the president doing it alone

0:14.4

without congressional permission is another matter entirely. Kato's Tommy

0:18.9

Barry details why he believes the Biden administration is on shaky legal ground in

0:23.7

attempting to cancel billions of dollars in student debt.

0:27.1

I spoke with Neil McCluskey about some of the policy elements of

0:30.5

President Biden's planned cancellation of student debt that he has chosen to undertake,

0:38.6

but we haven't seen a lot of details yet.

0:41.6

He's at least announced the outline of it. details yet, he's at least announced the outline of it.

0:44.8

But notably, the Department of Education put out a document that sort of detailed what that agency or attorneys for the administration, at least within the

0:56.9

Education Department, believe puts them on solid legal footing when it comes to trying to cancel all of this debt.

1:05.0

How rare is that for an agency to actually come out

1:11.0

unprompted with an announcement of, hey, this is, we're on solid legal footing.

1:17.0

The president can do this without Congress, Congress has already spoken.

1:21.4

We're good to go.

1:23.2

It's pretty rare, this was the Office of Legal Counsel that wrote the longer of the two documents

1:27.4

that they released.

1:28.4

It's pretty rare for it to be released publicly and immediately.

1:31.2

So the Office of Legal Counsel will usually provide advice behind the

1:34.8

scenes, give an opinion whenever the President is taking unusual or novel legal action or is

...

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