President Joe Biden’s unilateral plot to cancel outstanding student debt will cost the country roughly $400 billion, according to the nonpartisan Congressional Budget Office. Coupled with interest costs, the CBO estimates that the executive order will add $1 trillion to the national debt over the next 30 years.

For any president at any moment, this CBO estimate would only further confirm the recklessness of such an obvious usurpation of Congress’s power of the purse. At this particular time, it’s actively disastrous.