Biden’s Fantasy, America’s Financial Collapse Biden strutted around promising debt cancellation, tossing out deferrals like beads at a Mardi Gras parade. But what he really did was create a metastasizing financial cancer. No real reform. No structural fix. Just a delay tactic designed to win applause and dodge accountability. Now the forbearance era has ended, and the real pain has begun: 15.6% of federal student loans—over $250 billion—are now delinquent, affecting nearly 10 million borrowers. That’s not a small group. That’s a mass economic liability threatening to spiral out of control. These aren’t deadbeat freeloaders. These are people who believed the government when it said help was coming. Now, the hammer’s dropping—and their credit is disintegrating. Buying a home? Out.…
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