HARRIS FAULKNER (CO-HOST): We begin at the U.S. Supreme Court where the justices right now are hearing arguments in two cases challenging President Biden's student loan handout program. In one of those cases, a coalition of six Republican-led states is fighting to block Biden's plan to pass nearly a half trillion dollars of student loan debt onto the backs of taxpayers, many of whom didn't have those loans––because it's only 13% of Americans. The coalition calls it an executive branch overreach and it is absent of any clear congressional mandate. The White House says it is confident in its legal authority. But the outcome will determine how much power will be granted to the president of the United States moving forward. The Wall Street Journal editorial board calls it "one of the most consequential separation-of-powers cases in American history." And, I see you nodding. Why?
MARC THIESSEN (FOX NEWS CONTRIBUTOR): Because I think the Biden Administration knows one, this is unpopular and two, it's unconstitutional. And that they're probably gonna lose the case, and the reason is, look at the State of the Union address. The president of the United States lays out his entire agenda, he didn't mention this.
FAULKNER: It's true.
THIESSEN: He didn't talk about it in his State of the Union address. So they know that this is a losing issue, and the worst part about it, there are so many bad parts about this but the worst part about it, it's an act of stolen valor. Because this is based––where does the president of the United States get this authority? Based on the 2003 HEROES Act passed after 9/11 to make sure that the men and women who put on the uniform were called up to serve to fight the terrorists did not default on their loan while they were on active duty, the law says active duty. And so he's taking the phrase "national emergency" and saying the COVID emergency and applying to people who never served. That is stolen valor! He's turning millions of Americans into people who are engaged in stolen valor.