Biden brags about defying Supreme Court and relieving ‘136 million’ student loan debts

Biden brags about defying Supreme Court and relieving ‘136 million’ student loan debts

December 20, 2023 03:08 PM

President Joe Biden bragged Wednesday about defying the Supreme Court over student loans and appeared to slip up verbally in doing so.

The Supreme Court struck down Biden’s $400 billion student loan forgiveness plan in June, ruling it was an illegal use of the president’s powers. But since then, Biden has pushed forward with several smaller rounds of cancellation anyway.

CONSUMER CONFIDENCE BLOWS PAST EXPECTATIONS, SURGES BY MOST SINCE EARLY 2021

“I went to the Supreme Court to eliminate student debt out there,” Biden said to applause at a Bidenomics-focused speech in Milwaukee. “Guess what? The Supreme Court ruled against me, but I still got 136 million people’s debt relieved.”

While the statement raises prickly questions about the separation of powers, it is also incorrect, though it is unclear if Biden deliberately misspoke or simply mixed up a few of his numbers.

As of early December, the Biden administration has written off roughly $132 billion in student loan debt for 3.6 million borrowers. That means Biden overshot the number of people affected by about 133 million. But the numbers “1,” “3,” and “6,” are found in the correct figures.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Just 40 million people hold student loan debt, so it would not be possible for the president to get 136 million people’s loans relieved unless he began to focus on other types of debt, such as mortgages and auto loans.

Biden’s Republican critics are likely to focus on another number — the roughly 290 million people who do not have student loans and who are financing student debt forgiveness with their tax dollars.

Facebook
Twitter
LinkedIn
Telegram
Tumblr