Will student-debt racketeering save Biden in November?

President Biden announced Tuesday he will personally cancel $1.2 billion in federal student debt for 153,000 borrowers.

The Supreme Court ruled in June that Biden’s $500 billion student-debt-forgiveness scheme was an illegal abuse of power.

But the White House scorns that ruling and has canceled $138 billion in student loans thus far with more bailouts on the way.

The White House boasted that “the President has cancelled more student debt than any President in history.”

Team Biden has not explained how the president became the Czar of All Debts, personally entitled to shift endless burdens from individual borrowers onto taxpayers in general.

Biden’s student-loan racketeering is becoming almost comically brazen.