In defiance of the U.S. Supreme Court and the principle of checks and balances, Joe Biden proudly declares his unilateral decision to relieve student debt for nearly 5 million Americans via social media. This overt dismissal of the highest court in the land is just one among several incidents of executive overreach that have characterized Biden’s presidency thus far.
One path closed that day, but I promised you that my Administration would use every tool at our disposal to relieve the burden of student loan debt so it doesn’t keep you from reaching your dreams.
⁰Since then, we’ve approved debt relief for 4.75million Americans through…— President Biden (@POTUS) June 30, 2024 [1]
Despite the Supreme Court striking down his attempt to unilaterally cancel billions in student debt last year, Biden remained unyielding. He proceeded to introduce various new loan forgiveness schemes that flout his executive authority.
No matter how many times Republican elected officials try to block me, my Administration isn’t backing down.
Higher education is a ticket to a brighter future. I’m fighting to ensure every American can finally afford that ticket.
— President Biden (@POTUS) June 30, 2024 [2]
Even judges appointed by former President Barack Obama, whom Biden served under as vice president, have issued setbacks [3] to Biden’s debt relief endeavors. U.S. District Judge Daniel Crabtree and U.S. District Judge John Ross have both blocked the Joe Biden from granting further debt forgiveness under the president’s expansive “SAVE” income-based repayment plan, noting that such large expenditures must go through Congress.
James Woods calls it like he sees it:
If Bidenomics is working so well why can’t college graduates get jobs and pay their own bills?
— Cornpop A Baddude 🇺🇸☝️💥𝟏𝟕𝟕𝟔💥 FJB (@MarvelMaskless) July 1, 2024 [4]
These actions not only violate legal boundaries but also inflict significant financial damage on the country. The cost of Biden’s new plan is estimated to reach $475 billion over the next 10 years, exacerbating a ballooning national debt that is already setting alarming records.
As we witness unprecedented spending levels and soaring national debt, it becomes evident that Biden’s approach is leading the country further into fiscal turmoil. With interest payments on the rising national debt and escalating inflation, our financial predicament is only set to worsen.
The Amazing US Debt Clock APP
— US Debt Clock .org (@USDebtClock_org) May 4, 2024 [5]