It's Thursday, August 25, 2022.

I'm Albert Moller, and this is the briefing, a daily analysis of news and events

from a Christian worldview.

Well President Joe Biden announced his much anticipated policy on the government forgiveness of student debt.

I've mentioned on the briefing that this is a setup for national disaster and

President Biden has driven the nation right into a massive financial and moral

disaster on the question of the forgiveness of student loans.

Now as we talk about this we need to recognize there are millions of Americans who have

difficulty paying back those loans. But we also need to recognize that no one forced those loans on

anyone and there are several moral dimensions to this that the

administration certainly does not want us to talk about.

But the bottom line is that President Joe Biden has acted largely as if he were elected

czar of the United States of America to take an action that according to the Wharton School at the University of Pennsylvania will of

the University of Pennsylvania will cost the country between

three hundred and five billion and nine hundred and

eighty billion dollars. So even before turning to $90 billion.

So even before turning to the issue of student debt or the forgiveness of student debt, government

supported, government funded student debt, then we need to understand that there really are massive constitutional issues here.

If there is no statutory or legislative prohibition to the President doing this, that at least we need to note this violates the spirit

and the substance of the US Constitution. Presidents are not to be given the

power simply by the stroke of a pen and an executive order to take actions of economic consequence

like this that by the way runs right in the face of what the president and his administration

...