Joe Biden just enacted one bailout that hit every American’s bank account

Jun 25, 2024

Joe Biden continues to act as the most reckless and lawless President in many Americans’ lifetimes.

Biden’s latest powergrab left the public sick to their stomach.

And that’s because Joe Biden just enacted one bailout that hit every American’s bank account.

Joe Biden’s illegal student loan bailout

A 6 to 3 Supreme Court decision blocked Joe Biden’s illegal $430 billion scheme to loot the Treasury and bail out student loans for Ivy League-educated doctors and lawyers.

Biden announced the plan to rob from hard-working Americans to pay off the debts of the most privileged Americans because Biden wanted to buy off their votes ahead of the 2022 midterm.

College-educated voters are the new backbone of the Democrat Party coalition, and Biden is looking to rerun that play again in 2024 as polls show young voters lagging enthusiasm for Biden’s candidacy.

Even though the Supreme Court already ruled Biden can’t unilaterally bail out student loan debt, Biden showed he believes he’s above the law with another plan for a $7 billion student loan bailout.

A Democrat Party communications aide boasted on Twitter that Joe Biden plunged the children of working-class Americans further into debt to pay off his student loan from nearly 15 years ago.

The costs of Biden’s fiscal profligacy 

The Congressional Budget Office (CBO) announced the federal government would run a $2 trillion deficit in 2024.

A CBO analysis found the number one driver of all this red ink was Joe Biden’s illegal student loan bailout.

“The latest forecast from the Congressional Budget Office is up from its estimate of $1.6 trillion earlier this year. Four main things are driving that $400 billion increase, CBO said — citing President Joe Biden’s student loan relief policies as the No. 1 cause of the bigger gap between the amount of money flowing into federal coffers and cash going out this year,” POLITICO reported.

“New student loan policies will cost about $145 billion during the current fiscal year, which runs through September, CBO predicted. That includes higher subsidies for student loans and the Biden administration’s plan to reduce balances for many borrowers,” POLITICO also reported.

This bailout is nothing more than a vote buying scheme.

Running up the deficit and driving inflation through the Federal Reserve devaluing the dollar by printing more money to fund this give-away are of no concern to Biden.

All Biden cares about is handing out freebies to favored constituencies in the hopes enough will turn out to block Donald Trump’s re-election.

The long term debt crisis and the rank unfairness of asking Americans who never went to college to sacrifice the fiscal future of the nation their kids will grow up in just so Democrat Party operatives can brag on Twitter that Joe Biden is out buying votes is a difficult pill for many Americans to swallow.

*24/7 Politics Official Polling*

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