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beliefs. another day of decisions split 6-3 showing deep divisions at the nation s highest court in an opinion by chief justice john roberts the majority struck down the biden administration s plan to wipe out $430 billion until student loan debt. quote, we hold today that the act allows the education secretary to wave or modify existing statutory or regulatory provisions applicable to financial assistance programs under the education act. not to rewrite that statute from the ground up. the dissenters led by justice kagan argued the secretary did have that power. quote the statute read as written gives the secretary broad authority to relieve a national emergency s effect on borrowers abilities to repay their student loans. president biden who has repeatedly vowed to wipe out student loan debt while conceding he may not have authority blasted the court and promised to find other ways to benefit borrowers. i think the court misinterpreted the constitution. in today ....
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Political office. you know who ran for political office? members of congress. those are the people the president by passed. he compares it to the ppp loans. the ppp loans were passed by congress and signed into law by the president. he just did this by executive fee i can t tell. you cannot spend under our constitution half a trillion taxpayer dollars without getting congress to authorize it. just the way it works. but i ll tell you something shannon i think they re secretly happy with the supreme court decision i ll tell you why. the biggest problem they have going into the 2024 election is inflation. people are unhappy with the economy, he s got 34% approval on the economy. people think they re paying too much. this would have been inflationary. it was jason furman former biden economic advisor said pouring half a trillion dollars of gasoline on the inflationary fire which is already burning is reckless. this would have been like another covid relief bill a half a trillion dollars ....
Executive fee at. we had with us the vice president of the border patrol council arturaa joins us from tucson. he likes this proposal. the big issue and the fantastic thing about this president is that he has seen the mistakes of the past and is he doing everything that he can to correct them. moving forward, he is trying not to make those same mistakes. obviously putting border security at the front. ainsley: and he is willing to negotiate. that s what everybody is missing here. the democrats are whining because they just don t want daca and don t want anything else. it s give and take and negotiate. steve: the white house has sweetened the pot. because by expanding 800,000 to 1.8 million, it s like hey, that s a pretty good deal for us. right? pete: if elizabeth warren doesn t like it and steven miller and tom cotton and jim jordan in the program it if he like this it s a pretty good opening bid. ainsley: have to make sure ....