Should the Government Forgive Car Loans?

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Here’s the Scoop

In a stunning display of disregard for the will of Congress and the Supreme Court, the Biden administration is bulldozing ahead with its plan to forgive billions in student loan debt. Despite a 6-3 Supreme Court ruling earlier this year that stated the Education Department does not have the authority to waive student loan debt, Biden’s Department of Education has already canceled $153 billion, with plans to cancel a further $1.4 trillion.

Asking the questions that every American should be mulling over, Rep. Lisa McClain, R-Mich, grilled Education Secretary Miguel Cardona on the administration’s debt relief policies. “What class of debtor could be next?” McClain asked, pointing out the slippery slope this administration appears to be sliding down. If student loans can be forgiven, what’s stopping the government from forgiving car loans or mortgages?

Cardona’s response? A vague assertion that the collegiate education system is “broken.” But a broken system does not equate to carte blanche for the government to override the checks and balances of our democracy. Cardona’s claim that the Higher Education Act provides him the authority to implement certain forgiveness programs was met with rightful skepticism.

McClain’s exchange with Cardona should be a wake-up call for every American. If the Biden administration can simply ignore the will of Congress and the Supreme Court, what’s next? And who will be left to foot the bill for the administration’s reckless spending? As McClain pointed out, this isn’t just about student loans. This is about the future of our republic.

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