Staff Reports
Joe Biden certainly appears to be in a rush to use up all his political capital before Donald Trump resumes his rightful place in the White House. In an astonishing display of last-minute lending, the Biden administration has decided to wipe away the student debt of another 15,000 borrowers, totaling an impressive $4 billion in taxpayer dollars. This shocking generosity raises more than a few eyebrows among those who actually work for their money.
Despite the apparent urgency, it’s ironic that this late surge of activity could rival Biden’s first three years in office combined—what some might refer to as “sleepwalking through the presidency.” Suddenly, old Sleepy Joe has transformed into an action hero, working overtime as if he’s trying to burnish a legacy before he’s ousted from the Oval Office. While some Americans might feel a moment of jubilation, it must be remembered that the “free” debt relief doesn’t come without a significant cost to American taxpayers.
Since entering the White House, the Biden-Harris admin has been working to use YOUR taxpayer dollars to "forgive" billions in student loans… even if you never went to college.
The total so far? Almost $184 BILLION.https://t.co/G0Sjtnci9P pic.twitter.com/Ap5pbO1fOf
— House Committee on Education & Workforce (@EdWorkforceCmte) January 13, 2025
The financial realities of such policies are as-harsh as a cold shower on a Monday morning. For the roughly 150,000 beneficiaries of this latest loan forgiveness extravaganza, the party’s just starting. But for the rest of the country, principally the hardworking taxpayers who foot the bill, this is another slap in the face. It begs the classic adage, often overlooked by the Left: There’s no such thing as a free lunch. The funds for this student forgiveness bonanza are pulled directly from the pockets of responsible citizens.
Biden’s track record on student loan forgiveness is nothing short of a historical milestone. While he initially promised sweeping debt relief, it took considerable effort, dragging through various programs that were already in place before he took office. Despite being unable to achieve his broader goals due to the Supreme Court’s intervention, his administration has still managed to claim victory by gifting over $183 billion in debt cancellation. By exploiting every possible loophole, Biden has made sure to provide relief to over five million Americans, marking his administration as the most forgiving in history. Just imagine how that bill is stacking up back home.
Critics, including notable voices from across the political spectrum, are not hiding their disdain for Biden’s attempts to manipulate existing policies. There’s significant concern that these actions violate directives from the Supreme Court, which previously shut down aspirations for sweeping student debt cancellation. As the latest bandwagon grinds to a halt, the expectation is that once Trump resumes the presidency, the era of freebie debt writes-offs will be over. Trump has been vocally critical of the idea of student debt cancellation, branding it as morally indefensible and legally dubious. The tide appears about to turn, but not before Biden makes one final push for his version of financial benevolence.
The question now hangs heavy in the air: should the government continue to relieve these borrowers of their obligations, or should there be accountability for financial decisions made by 18-year-olds? The debate is heating up, and as Trump prepares to reassume command, Americans will soon find out whether fiscal sanity will prevail or if the party’s going to keep rolling until the music stops.
