Biden’s student loan bailouts are a gift to the privileged few —and everyone else pays
NY Post
President Biden is wooing college grads with billions in debt forgiveness — and sticking everyone else with the bill.
Bragging that the Supreme Court’s kibosh of his first plan “didn’t stop me,” Biden announced last week that he’ll be forgiving another $1.2 billion in student loans, bringing his total in “cancelled” debt to $138 billion.
On Friday, the administration released a breakdown of how many people score from this latest move: a little under 153,000, a paltry .04% of Americans.
Here in New York: 8,190, or .09% of the state’s population, got $63 million erased.
Have so few ever benefitted so much from one government giveaway?
After the Supremes last June (rightly) ruled that his attempt to cancel $430 billion in one sweep was unconstitutional, Biden has found ways to do piecemeal bailouts anyway.