February 22, 2024

Biden Rams Through Another $1.2 Billion in Student Loan Debt Forgiveness

Very early in Biden’s term, his plan to use emergency powers to forgive student loans was struck down by the Supreme Court.

That, however, has not stopped Biden, who has found loopholes to piecemeal his student loan forgiveness plan.

This week, Biden rammed through another $1.2 billion, bringing his total of forgiven loans thus far to $138 billion, and now he is bragging about it.

Rules Don’t Apply

Joe Biden is now making up his own rules, without Congress, and in complete defiance of the Supreme Court to forgive student loans.

After his latest cancelation of loans, Biden stated, “Folks, I'm happy to have been able to forgive these loans because when we relieve Americans of their student debt, they're free to chase their dreams.”

That money immediately goes to the nation’s debt, as Biden just keeps adding to it and plans on adding more.

Biden even bragged about circumventing the Supreme Court ruling on this, stating, “My Republican friends in Congress, elected officials, and special interest stepped in and sued us and the Supreme Court blocked it, blocked it.

"But that didn't stop me.”

This is Joe Biden buying votes, make no mistake about that, the same way he bought votes in the 2020 election by promising to do student debt cancelation.

There are about 800,000 people who have had all or a portion of their loans forgiven by this administration in this latest round, all of whom will probably be loyal to Biden in the next election.

And none of them will realize that the money just does not go away because someone has to pay back the $138 billion that Biden has forgiven, and that would be every taxpayer in this country.

Biden has himself positioned very well for the upcoming battle with Donald Trump, and he is dwarfing Trump in cash on hand.

Between the RNC and all of Trump’s PACS, they probably have less than $40 million on hand, if that, while Biden’s war chest is sitting pretty at $130 million.

That will surely grow by a few more million after all those people who have just had their loans forgiven thank Biden with a small donation.

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