Biden's plan to bribe millennials by canceling debt can't and won't work

President Joe Biden says he is seriously considering wiping out the debts for a vast swath of college students who took out federal loans. He has no such constitutional nor statutory authority. But if past is prologue, he’ll do it anyway.  

Doing so by executive fiat is an abuse of power by the president. Just as the Appropriations Clause of the Constitution grants spending authority to congress, the Property Clause gives our legislative body exclusive authority to "dispose" of property. Under the law, debt is considered property.