Introduction

Last week President Biden said he would not eliminate $50,000 in student debt. The amount is wholly irrelevant to the question: Where does the Constitution give the President the authority to forgive anyone's debt? There are plenty of good ideas the federal government is not authorized to undertake as well as many bad ideas that it is. Total mortgage balances in the United States are about $10 trillion; what you're doing here is trying to get someone to yoke off a whole busload of debt.