, they'll have to first answer the critical question of how, exactly, they are harmed.
Lower courts and legal scholars from across the ideological spectrum have divided on the question of injury, setting the stage for the justices to have the final say on whether the Biden debt relief plan inflicts clear harm on state governments. "Joe Biden had no legal authority whatsoever. I think the larger issue is it's unfair to people who paid off their loans. It's unfair to people who didn't take out loans," Sen. Eric Schmitt, Missouri's Republican former attorney general who first brought the case, told ABC News in an interview.
State law also requires MOHELA to pay $350 million to help fund improvements to state colleges and universities. "MOHELA is completely separate and distinct from the state of Missouri. Its operations are distinct from Missouri. Its treasury and finances are completely walled off from the Missouri treasury," he said.
David Nahmias, a staff attorney at the Berkeley Center for Consumer Law and Economic Justice, is defending the Biden administration's student debt relief plan on behalf of Missouri consumer advocates, talks to ABC's Devin Dwyer via video conference."The states have shown no link between debt cancellation and the effect of debt cancellation on MOHELA's effect to even pay into the fund, even if they wanted to," said Nahmias.
MOHELA was specifically set up as a separate business from the state, and MOHELA isn't a party to the lawsuit. The notion that states can sue because a business in their state would be harmed is a very unprecedented expansion of standing.
Profit over people 100% of the time.
'The State will suffer if our residents get help. Please don't help people.' - The Tangerine Taint Tonguing Troupe of Missouri
Fuck mohela!
How about the obvious? Presidents can not cancel debt.
There is only a few ways to get what you need to survive. Take it. Trade for it. Create it. If you get to point where you can't create what you need and you have nothing to trade you take it. So we will see how all of this greed plays out and what future consequences ensue.
There’s no way this SCOTUS is going to uphold it.
I'm just going to leave this here (to be fair, it is from 2015):
So missouri is mad it can't collect interest - it's the interest that's killing borrowers. Also if they are federally backed loans, the state shouldn't be making a huge profit. Students before profits
Greedy Missouri politicians
Biden could have cancelled debt legally but chose not to WHCOS blew it
Oh not, I would hate for something to happen to poor MOHELA!
I think I will miss the live oral arguments.
Find yourself someone to love you the way our political press loves to uncritically amplify Republican bad faith
Pay your own loan. Taxpayers are not responsible for it.
We have money for Ukraine and paying college loans for people with 6 figure incomes but no money to pay SS and Medicare if Republicans don't raise the debt ceiling. This is who Democrats are
GIMMIE MY BIDEN BUX NOOOOOOW!!!!!!!!!!!!!
Tell the bimbo he can pay
Republican Attorney Generals - “who saw it as a costly bailout to college students at the expense of other American taxpayers.” It’s ok to subsidize oil and gas, farmers, and other industries. It’s ok to bailout banks and car manufacturers. Help out American Citizens, naw!
True story! They have no standing to attack loan forgiveness.
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