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'Inflationary' lawsuit filed against Biden's student debt relief plan


Photo Credit: Gage Skidmore

A small-business advocacy group has filed a lawsuit challenging President Biden's student loan forgiveness plan as "counterproductive, inflationary, and unfair."


A lawsuit was filed on Monday in the District Court of the Northern District of Texas, Fort Worth Division, by the Legal Action Fund (LAF) of the Job Creators Network Foundation (JCNF).


A nonpartisan organization founded by entrepreneurs who believe many government policies are impeding the freedom of the market that has contributed to the prosperity of the country, JCNF's official website states.


“Instead of providing notice and seeking comment from the public, the Department hammered out the critical details of the Program in secret and with an eye toward securing debt forgiveness in time for the November election,” the lawsuit states.


"The Department of Education is flagrantly violating the APA's notice-and-comment rules." The Department of Education has promulgated a new Debt Forgiveness Program that will cost over 400 billion dollars, according to lawyers for the plaintiff.



11 October 2022

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