{"id":2130014,"date":"2023-12-20T15:18:02","date_gmt":"2023-12-20T20:18:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-brags-about-defying-supreme-court-and-relieving-136-million-student-loan-debts\/"},"modified":"2023-12-20T15:18:12","modified_gmt":"2023-12-20T20:18:12","slug":"biden-brags-about-defying-supreme-court-and-relieving-136-million-student-loan-debts","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-brags-about-defying-supreme-court-and-relieving-136-million-student-loan-debts\/","title":{"rendered":"Biden boasts of defying Supreme Court, erasing &#8216;136M&#8217; student loan debts"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-brags-about-defying-supreme-court-and-relieving-136-million-student-loan-debts%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2130014&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden Defies \u2062Supreme Court, Brags About Student Loan Forgiveness<\/h2>\n<p>During \u2062a Bidenomics-focused speech \u2064in Milwaukee, President Joe Biden proudly \u200ddeclared his defiance \u200cof \u2062the Supreme Court&#8217;s ruling \u200con student loan forgiveness. Despite\u200d the Court \u200bstriking\u200d down his $400 billion plan as an \u2063abuse of power, Biden \u2063has continued to push \u200cfor smaller rounds of cancellation.<\/p>\n<blockquote>\n<p>&#8220;I went\u200c to the\u200d Supreme Court to eliminate student \u200cdebt out there,&#8221; Biden exclaimed,\u200b earning applause from the \u2064audience. &#8220;Guess what? The\u200c Supreme Court ruled \u200dagainst me, but I still got 136 million \u2063people&#8217;s debt relieved.&#8221;<\/p>\n<\/blockquote>\n<p>While this statement raises concerns about the separation of powers, it is also factually incorrect. It\u2062 remains unclear \u200bwhether Biden misspoke or simply mixed\u200c up his numbers. The Biden administration has actually written off approximately $132 billion in student loan debt for 3.6 million borrowers as\u2063 of early December. This means that Biden&#8217;s \u2062claim of relieving debt for \u200d136 million\u200d people\u200d is an overestimation by\u2063 about 133 million.<\/p>\n<p>It is worth noting that\u200c only 40 million people hold student loan debt,\u200d making it impossible for the president to have relieved \u2063loans for 136 million individuals. This discrepancy suggests that Biden may have been referring to other \u2062types\u200d of debt, such as \u200dmortgages and auto\u200b loans.<\/p>\n<h3>Biden&#8217;s Critics and the Burden on Taxpayers<\/h3>\n<p>Unsurprisingly, Biden&#8217;s Republican critics \u200care likely to \u200dseize upon another \u200bnumber: the approximately \u200c290 \u200cmillion people who do not have student loans. These individuals are financing the \u200dstudent\u2063 debt \u200bforgiveness through their tax dollars, \u200craising concerns about the \u2064fairness and equity of the \u200bpolicy.<\/p>\n<p><strong>Click here to read more from The Washington Examiner.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden boasted on Wednesday about his defiance of the Supreme Court regarding student loans. However, he seemed to stumble in his speech. In June, the Supreme Court invalidated Biden&#8217;s $400 billion student loan forgiveness proposal, deeming it an unlawful exercise of presidential authority. Nevertheless, Biden has persisted with various initiatives since then<\/p>\n","protected":false},"author":1,"featured_media":2130015,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2130014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2130014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2130014"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2130014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2130015"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2130014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2130014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2130014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}