Biden on Student Debt Cancellation: “The Supreme Court Didn’t Stop Me”

 President Biden is bragging the Supreme Court didn’t stop him from handing out still more inflationary free money.

Remarks by President Biden

Biden’s repeated flaunts of the Supreme Court show he believes himself to be above the law.

Please consider White House Remarks by President Biden at a Campaign Event in Las Vegas, NV.

We passed the American Rescue Plan, which put $1,400 into people’s pockets. (Applause.) And on top of that, they got a $300 check per child, per family, per month for hardworking families. (Applause.) Over 300,000 — there were 380,000 families in Nevada benefited until the — our friends on the other side wiped it out.

The Supreme Court of the United States blocked me, but they didn’t stop me. (Applause.) I found another way to help more than 3,700,000 people with $130 billion of relief and cou- –and counting.

There were several existing programs that the bureaucracy wasn’t pushing, including one of th- — it’s called Public Servants — like teachers, firefighters. Public Servants. (Applause.) So, I fixed the program to deliver relief for public servants — teachers, nurses, firefighters, social workers, and so on. (Applause.)

And guess what? Some of you are getting notices right now. You’re going to get another student cut. And this time, you’re going to not have any doubt about who sent it to you. It’s going to have my name on it: Biden. (Applause.) No, I mean it, because we got another $25 billion a year.

And guess what? It’s — not only is it a good thing to do, it drows [sic] the economy — it grows the economy. It’s not costing people. Guess what? When you’re able to eliminate that — how many of you have had your student debt eliminated? (Applause.)

Well, some of you had student debt eliminated for over $100,000.

AUDIENCE MEMBER:  That’s right!  Right here!

$130 Billion and Counting, Costs Nothing

There you have it folks, $130 billion with another $25 billion smack in the face of a smack down ruling by the Supreme Court, costs “nothing”.

And as a reelection campaign advertisement, the notice “is going to have my name on it: Biden.” Now, ain’t that special?

Here’s free money, now vote for me. And best of all, it doesn’t cost anything.

The Cost of Free Money

As Biden also touts clean energy that won’t cost anything, please note The True Costs of Net Zero Are Becoming Impossible to Hide

Also, note that while everyone is in disbelief of the amazing benefits of free money, Fed Chairman Jerome Powell Tells 60 Minutes US Fiscal Path is Unsustainable

Fed Chair Jerome Powell tells 60 Minutes that it’s “urgent” the US address its “Unsustainable Fiscal Path”

I list 15 key takeaways from the interview.

How Much Inflation Is Baked in the Cake?

Powell downplays the risk of inflation, but in the interview, he at least notes the risk.

Biden is in another alternate universe

For discussion, please see 2024 Inflation Outlook: How Much Inflation Is Baked in the Cake?

Here’s the key question: Is inflation transitory or is the recent year-over-year decline in the rate of inflation that’s transitory?

Biden is doing everything humanely possible to stoke inflation, and flouting the Supreme court to do so.

https://mishtalk.com/economics/biden-on-student-debt-cancellation-the-supreme-court-didnt-stop-me/