i think most casual observers would say, if you are going to affect the obligations of that many americans that on the subject of great controversy, they would think that something for congress to act on. there s 50 million students who will benefit from this who, today, will struggle. many of them don t have assets sufficient to bail them out after the pandemic. there is also major news out of the city of chicago tonight. mayor laurie lightfoot has lost her race for reelection in a crowded primary battle. she is the first chicago mayor in 40 years to lose a bid for another term. with that, let s get smarter with the help of our lead off panel on this tuesday night. luke broadwater, is here. pulitzer prize-winning congressional reporter for the new york times katie phang joins us, msnbc legal analyst and host of the katie phang on msnbc. and mark mckinnon is right here at 30 rock, former adviser to
we heard from fbi director wray, this has become the consensus. all america has known about it but finally the government is catching up. trace: pete peterson, leslie marshall, thank you both. demonstrators making themselves seen and heard outside the supreme court today as the nine justices heard arguments and largely expressed skepticism about president biden s plan to forgive hundreds of billions of dollars in student loan debt. i think most casual observers would say, if you re going to give up that much amount of money, if you re going to affect the obligations of that many americans on a subject that is of great controversy, they would think that something for congress to act on. trace: to get to the merits of the case, the justices will have to decide if either set of plaintiffs, a group of red states and two student loan borrowers, has the standing to bring the case. a decision is due sometime late june. well, prosecutors and the double
think that s something for congress to act on. and if they haven t acted on it, then maybe that s a good lesson to say for the president, or the administrative bureaucracy that maybe that s not something they should undertake on their own. what i think the argument is missing is cost to other persons in terms of fairness, for example. people who have paid their loans, people who don t have planned their lives not seeking loans and people who are not eligible for loans in the first place. and half a trillion dollars is being diverted to one group of favored persons over others. lawrence: so in response to the constitution and the legal argument that by the way the president of the united states agrees with that nancy pelosi agrees with, before they decided to do this bill anyway,. brian: they said they weren t able to do it. lawrence: right they said they weren t able to do it. unconstitutional. i don t understand why we are lit gaght this when the people that are responsibl
that s something for congress to act on. lawrence: the plan has already been blocked by republican appointed judges on lower courts. iowa attorney general brenna burn joins us now. thank you for joining the program. i feel like the best convincing argument, obviously you have got the constitutional position right there. but, the president as well as the speaker of the house already said they don t have the authority to do. this why is this even a debate? right, well, i agree with you. i think it s a debate because president biden decided to do this to get votes before the last election. he announced it in august. but, you re right, it s not i think it s not debatable. it s just unconstitutional. the president does not have the power to engage in this overreach. lawrence: so, attorney general, let s go to fox news poll 44% say it s within his authority. 49% say it exceeded his authority. i think that pretty much shows you the tone of the american people right there.
subject with great controversy, they would think that is something for congress to act on. if they haven t acted on it a good lesson to say to the president with the administrative bureaucracy, maybe that is not something to undertake on their own. emily: he went on to say, do you think congress shouldn t be surprised when half a trillion dollars gets wiped off of the books? you know who echoed that with liberal justice alejandro mayorkas. who asked the representative of the government, how do you expect to deal with this point of issue that the argument the administration is making that in the past, the supreme court has ruled automatically it means congress has to pay for it. and i think this is what alejandro mayorkas needs to understand thus far because of biden s decisions, we have forgiven $201 billion to the tune of $8,000 for every american household. to your point blue-collar americans that don t deserve to settle to the tune of $8,000