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Lawrence O'Donnell: If Your Student Debt Has Been Eliminated, You Have One Person to Thank

AP Photo/Manuel Balce Ceneta

As Twitchy reported earlier, despite a Supreme Court ruling, President Joe Biden announced that he had forgiven another $1.2 billion in student loan debt. We've heard of buying votes, but this is ridiculous. Of course, it's happening in an election year, and Politico reported that student loan borrowers will be getting an email from Biden informing them that he's canceling their debt.

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The White House has now canceled around $138 billion in student loan debt — loans that people took out themselves with an agreement to pay it back. It's too bad that your gender studies degree didn't help you land a good-paying job, but you took the money and spent it on tuition.

Lawrence O'Donnell says that if you had your student loan forgiven, you have one person to thank.

Exactly. Thank the majority of taxpayers who didn't go to college for paying off your student loans. No debt was "eliminated," it was just transferred — unconstitutionally. Remember when everyone freaked out that Texas Gov. Greg Abbott was defying the Supreme Court when he most certainly wasn't?

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Why not car loans or mortgages?

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Neither have we. We never got to have a say in it through our representatives in Congress. It's just one man defying a Supreme Court ruling.

Do you know who's having their student debt paid off? People like Rep. Ilhan Omar, Rep. Rashida Tlaib, and Chasten Buttigieg. And the 38-year-old woman featured on CNBC who managed to rack up $500,000 of student debt.

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