Transcript
A (0:00)
Hi guys, Liz Wheeler here. So after we finish recording Verdict, every week Senator Cruz and I sit down and get into the nitty gritty of it all on our Verdict plus series called the Cloakroom, where we look at political issues through a specifically legal lens. And what I want to do today is offer you a sneak preview of the latest episode of the Cloakroom on Verdict. Plus you can also join us on a weekly basis by going to verdict with TedCruise.com plus if you use my promo code cloakroom, then you can watch for free for the first month of your annual subscription. That is verdict with TedCruz.com/promo code cloakroom. And without further ado, here's a sneak preview of the Cloakroom on Verdict. Hi guys. Welcome back to another episode of the Cloakroom. I'm Liz Wheeler. I'm sitting here with Senator Ted Cruz. And Senator, I wanna start today just by saying congratulations, we did it again. The left, the mainstream media is up in arms over something we talked about right here on Cloakroom last week, the cancellation of student loan debt. So I think we should start the show just by welcoming the Washington Post and Business Insider who wrote an article about your comments, your legal analysis of whether what Biden did with his executive order canceling student loan debt, whether it's legal. They joined the ranks of CNN and MSNBC who came to Verdict last month when we were talking about Obergefell because of what Clarence Thomas wrote in the Dobbs in his Dobbs concurrence. So before we get started on the rank choice voting, which is a fascinating topic that Verdict plus fans have been asking about, I wanna ask you, why do you think that the mainstream media is so up in arms about the legal analysis? Cuz that's what we were talking about, right? Not even the politics, the legality of the thing. Do they know that it's illegal?
B (1:44)
Well, they seem to. You look at the Washington Post story they wrote about Cloakroom and they basically acknowledged that it's contrary to the law. But we had an honest and candid discussion about the legal impediments there would be to getting a court to reach the merits of the dispute and in particular the problem of establishing standing. And look, the press likes it when any Republican discusses any impediment to principled arguments prevailing. They like that. Gosh, wait, this illegal student loan giveaway, maybe it survives. I will say since we did the last Cloak Room, we talked about different scenarios of who might have standing. And I actually reached out to one of the top Supreme Court litigators in the country is a dear friend of mine and he and I were brainstorming a little bit more on standing after we did the cloakroom last week. And he came up with one more scenario, one other group of people that would have standing and I think it's probably the strongest case for standing, and that is a student loan processor. So a company that is processing student loans and the reason they would have standing is the consequence of forgiving these loans, and particularly the loans that are forgiven down to zero, is that those companies would face, as I understand it, a very significant drop in revenue. That it is real money out of their pocket because of the illegal forgiveness of the debts. That would almost surely clear the hurdle for standing. The downside is if that you have someone that, that, that that is processing student loans and administering student loans, they're doing business with the federal government. So they may not be willing to sue because they don't want to piss off the Feds, but legally they would have a quite a strong argument for standing to be able to make the legal argument. And if it gets to the merits, I think the executive order gets struck down. I think it goes to the Supreme Court and has probably struck down 6, 3 the the same margins we saw on other lawless assertions of power by the Biden White House. So there is one group of plaintiffs that, that likely has standing. But, but time will tell whether they will will have the courage to be willing to bring lawsuit to, to press the claim.
