Did you hear that Biden is canceling your car loan? That’s because he’s not. That would be illegal. So that’s why he is canceling more student loans instead. That’s illegal, too. But he said that won’t stop him as he cancels another $1.2 billion in student debt as he desperately tries to buy off as many votes as he can.

According to The Daily Mail:

President Joe Biden Wednesday said he would never stop fighting for hard working Americans as he put the spotlight on his debt cancellation efforts and ramps up his reelection campaign.

He slammed MAGA Republicans and said even the Supreme Court could not stop him for helping hundreds of thousands of people saddled with years of debt.

And he said he was not worried about further court challenges to his massive forgiveness program.
It came hours after officials said they were automatically canceling federal student loans for nearly 153,000 borrowers as part of a faster repayment plan. It adds up to another $1.2 billion of $138 billion canceled so far.

'My Republican friends in Congress, elected officials and special interest stepped in and sued us and the Supreme Court blocked it, blocked it,' he said. 'But that didn't stop me.'

In other words, he does not care about this thing called “checks and balances.” The judicial system won’t stop him. Nothing will stop him.

What is it called when a political leader possesses absolute power over a country and behaves in an autocratic way? Oh yeah, a dictator.

This is expected to cancel the debt of about 153,000 people who took out less than $12,000 and have been paying it off for more than a decade.

We all know that there is no such thing as “canceling” debt. It’s not an appointment that you can just “cancel.” Someone or some entity has to absorb the loss. And we all know that it will be the very people Biden pretends it’s going to help.

Data shows that the highest-income earners owe nearly 60 percent of the outstanding education debt and make three-quarters of the payments. While the lowest-income hold under 20 percent and make only 10 percent of the payments. So canceling any student debt would, arguably, benefit some of this country’s highest-income households.

This only “helps” a small group of people but is unjust to the vast majority. This includes the working class, those who paid back their loans, and just overall anyone who is the least bit financially responsible. Basically, the majority of people in this country.

But can’t the logic apply to any debt? What about mortgages, auto loans, credit card debt, and more importantly, medical debt? Certainly, we have far more people struggling with those things. But it would not be fair for student loan borrowers to pay back other people's debt, would it?

That said, we used to have this little thing called “equality in the eyes of the law.” But you can’t have “equality” when there is a progressive pursuit of “equity.” And “equity” under the lies of the law means having everyone bear the burden of student loans rather than just the borrowers. And that is exactly how Socialism works.

Forgive Student Loans? HELL NO! | Louder With Crowderwww.youtube.com