Biden gives the Supreme Court —and taxpayers — the finger with his latest student-loan bailout

When the Supreme Court struck down Joe Biden’s attempt to unilaterally “cancel” (i.e., force taxpayers to absorb) $400 billion in student loans and blasted the president for overstepping his power by trying to circumvent Congress, he listened and, like a serious statesman, acknowledged his authority’s limits and tried to get the legislative branch to pass his agenda, as the Constitution demands.

Just kidding.

Congress, which has the “power of the purse,” has repeatedly rejected Biden’s plans to force taxpayers to eat the loss for millions of Americans’ student loans.

But instead of taking “No” for an answer, the president — who, recall, was supposed to put the “grown-ups back in charge” and restore “rule of law” — just keeps trying to cancel the debt anyway, first through a backdoor giveaway vastly expanding income-based repayment systems and now through another sweeping forgiveness proposal.

Under Biden’s latest scheme, announced Monday, roughly 25 million more Americans will see student-loan windfalls, including the “cancellation” of interest owed for households earning as much as $240,000 a year, cancellation for anyone who’s had student loans for a long time and a number of other targeted relief efforts.

“President Biden from Day One has worked to fix the student loan system and make sure higher education is a ticket to the middle class — not a barrier to opportunity — because he knows that debt cancellation not only benefits borrowers, it benefits the entire economy,” the White House stated.