Biden Brags About Defying Supreme Court on Student Loan Forgiveness
While on the campaign trail, Joe Biden promised younger voters he would erase their student debt, putting a plan together to forgive roughly $400 billion in student loan debt.
When the plan was submitted and challenged, eventually winding up before the Supreme Court, the plan was struck down as blatant overreach and abuse of power by this administration.
Since then, Biden has circumvented Congress, the Constitution, and the Supreme Court by relieving more than $132 billion in student loan debt, and now he is bragging about it.
I Did This
Joe Biden has his staff look for every loophole possible to forgive student loan debt after the court struck down his initial plan.
Biden is using obscure laws and emergency powers to erase student loan debt in piecemeal work, but it is not really being erased… it is just being passed on to all taxpayers, giving all these people a free pass on money they borrowed.
While in Milwaukee, Biden decided to brag about abusing his power, but he could not even get that right, stating, "I went to the Supreme Court to eliminate student debt out there.
“Guess what? The Supreme Court ruled against me, but I still got 136 million people’s debt relieved.”
Biden claims he got "136 million peoples' [student] debt relieved."
He is lying — again. pic.twitter.com/e2LLJTyqrg
— RNC Research (@RNCResearch) December 20, 2023
The actual number of people that have been given debt relief is about 3.6 million, not 136 million, and Biden has relieved $132 billion, so the old man seemed to have gotten his figures jumbled a bit.
Biden continued, "The interest they’re paying on that debt is something that prevents them from buying a home, starting a business, all those things.”
Well, like most of you, I would love to know why I even bothered paying back all my student loans, both government loans and private, every penny of it. I could have used that money to buy a home, but I instead honored the debt that took out for my education.
There are about 290 million people in this country who have either paid back their student loans in full or never took out a student loan, and now they have to absorb this debt with their tax dollars.
Thanks, Joe… we needed that extra burden.