LITTLE ROCK— Arkansas Attorney General Leslie Rutledge issued a statement following the United States Court of Appeals for the Eighth Circuit’s order granting the state coalition’s motion for an injunction against the Biden Administration in its attempt to categorically cancel student loan debt. The decision comes after Arkansas co-led a coalition of states in filing a lawsuit in September against President Joe Biden, Secretary of Education Miguel Cardona and the U.S. Department of Education for violating federal law, the constitutional principle of separation of powers and the Administrative Procedure Act.
“We halted President Biden’s unlawful attempt to skirt congressional authority and force the college-loan debt of adults who chose to take out these loans, onto the backs of millions of hardworking Americans,” said Attorney General Leslie Rutledge. “Americans are struggling to pay their utility bills and mortgages in the midst of the President’s inflation and certainly shouldn’t have to pay off someone else’s debt for a high-dollar degree.”
The lawsuit, which was filed in September, highlights that President Biden knew he did not have the proper authority to authorize this type of executive action, as evidenced by his attempt to work with Congress to find a legitimate and legal solution to the student loan crisis. After Congress routinely failed to pass legislation addressing the issue, Biden attempted to unilaterally act far beyond the authority granted to him by the Constitution. This action will result in approximately half a trillion dollars in losses to the federal treasury and contribute the already rampant inflation the nation is experiencing.
The Democrat Speaker of the House, Nancy Pelosi, summarized it best when she said, “people think the President of the United States has the power for debt forgiveness. He does not.”
Joining Arkansas in the suit are the states of: Iowa, Kansas, Missouri, Nebraska and South Carolina.