President Biden reversed his pledge on student loan repayments after a series of legal setbacks brought his handout plan to a halt.
James Freeman appeared on “America’s Newsroom” to explain why he believes President Biden’s student loan handout is “unconstitutional” and why he believes the pause is strategic.
Freeman told Mike Emanuel, “This is really, I think, the greatest abuse of this era in terms of just blatantly unconstitutional.
“We all understand that the legislative power in this country resides in the Congress. He has to get congressional authorization to appropriate huge sums of money. He has not done that.
“He recently pretended that he had, bizarrely claiming that he had signed a bill passed by Congress. It was a complete falsehood that’s never occurred.”
President Biden promised in August that he would end the student loan repayment pause by December 31, but he has since extended it until June 2023.
“Student loan payment pause is going to end. It’s going to end December 30. I’m extending to December 31st, 2022, and it’s going to end at that time. It’s time for the payments to resume,” Biden said.
Freeman also speculated on why the possible reason Biden changed his mind about the repayment schedule. Here are his exact words, “I think now, going back on his word and saying he’s going to extend this payment pause is an effort to prevent a resumption of normal repayment before that court case.
“Because, I think if the resumption occurs, those judges, justices who are probably not going to like the constitutionality or lack thereof of this plan anyway, are going to see that the world does not come to an end when you tell often well-heeled borrowers in a very good job market that they have to repay their student loans.”
He also added, “A lot of this aid is going to people who don’t need it, beyond it being unconstitutional. And I think the president doesn’t want the courts to see these people being able to service their loans after all.”