Biden exposed for cancellation of more than $166 billion in student loan debts for millions of borrowers
President Joe Biden, despite vigorous opposition from Republicans and repeatedly being told "No" by the courts, has obstinately pressed forward with his controversial efforts to forgive outstanding federal student loan debts for millions of Americans.
Through a variety of different debt relief programs, Biden has managed to erase approximately $166.5 billion in debts owed by millions of borrowers, according to CNBC.
That news will undoubtedly not sit well with U.S. taxpayers who either already paid off their prior student loan debts or who never went to college and acquired such financial obligations in the first place.
Biden brags about debt cancelations
Just one month ago in mid-October, President Biden bragged in a press release about how his administration had canceled another $4.5 billion in student loan debts owed by more than 60,000 public service workers by way of the Public Service Loan Forgiveness program.
That program, which provides relief for borrowers who've worked a public sector job and made payments on their student loan debts for at least 10 years each, had previously only canceled the debts for around 7,000 individuals before the Biden-Harris administration ramped it up to forgive the debts owed by more than a million workers.
Biden further boasted of the "significant progress" he'd made in expanding various other debt relief programs to cancel some or all of the debts owed by nearly 5 million borrowers.
"From day one of my Administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity," the Democratic president said. "I will never stop working to make higher education affordable -- no matter how many times Republican elected officials try to stop us."
Who received relief and where?
Republican lawmakers have indeed attempted to stop President Biden's repeated efforts to unfairly benefit a relatively small portion of the electorate with targeted student loan debt cancelations, and multiple federal courts -- including the U.S. Supreme Court -- have halted some of those efforts as unconstitutional and illegal.
Yet, Biden has remained persistent and, per CNBC, citing data from the Department of Education, has been able to wipe out around $166.5 billion in debts owed by roughly 4.4 million borrowers, with an average forgiveness of approximately $38,207 owed per borrower.
Of course, the numbers that make up the average differed in each state and, perhaps unsurprisingly, the bulk of the debt cancelations positively impacted predominately Democratic voters -- given that the college-educated demographic largely votes for Democrats -- in predominately Democratic-leaning states.
Indeed, the deep blue District of Columbia benefited the most from Biden's relief, as more than $806 million in debts owed were wiped out for more than 15,000 borrowers at an average of more than $52,000 per borrower.
Rounding out the top five states with the highest average relief per borrower were Vermont, Maryland, New York, and South Carolina.
Caught and exposed
President Biden has ignored the valid objections from Republicans about the overt unfairness of his student loan debt relief efforts and defied the federal courts that have repeatedly blocked or struck down some of his varied attempts to, more often than not, reward Democratic-leaning voters with debt cancelations that aren't available to tens of millions of other Americans who are similarly saddled with different kinds of debts.
Sadly, Biden will likely get away with this partisan move, but the good news is that he has been caught and exposed for what he has done and, with President-elect Donald Trump set to return to the White House in a couple of months, it seems highly unlikely that those efforts will be continued.