Part One: The Supreme Court Strikes Down the Biden Student Loan Forgiveness Plan

Adam and Jeff discuss the recent 6-3 decision by the U.S. Supreme Court to strike down the Biden Administration's plan to forgive $400 billion in student loans.  Unfortunately for the free-wheeling President Biden, the Court ruled that he does not have the authority to waive his magic wand and make loan obligations of up to 46 million borrowers disappear.  Because the U.S. Congress is empowered to appropriate money, the Court concluded that it is also the only branch of government that is authorized to forgive debts, particularly when they run into the hundreds of billions of dollars.  Adam and Jeff wonder why the geniuses running the White House think it is a good idea to saddle the unpaid loan obligations of those who chose to attend college on those who either did not attend college or who did attend college and paid off their student loans.  They also point out that Biden's loan forgiveness program seemed to be little more than a blatant attempt by the Administration to pander to a large constituency of voters--regardless of the amount of stress it could cause the economy as a whole.