Even some Democrats are scared at the federal overreach by the Biden administration.
Biden’s student loan takeover isn’t going the way he planned.
A top Democrat has five strong words of condemnation for Joe Biden.
President Joe Biden is plowing ahead with making American taxpayers pay off student loans for those making less than $125,000 a year.
The program would have the American government take on $10,000 of debt per borrower and up to $20,000 for Pell Grant recipients.
A nonpartisan analysis from the University of Pennsylvania’s Wharton School estimates that the plan would cost $298 billion in 2022 and a total of $329 billion by 2031 if the policy is continued.
Rep. Chris Pappas (D-NH) criticized President Joe Biden’s plan as a federal overreach.
“We all know the cost of higher education is crushing families … but this announcement by President Biden is no way to make policy and sidesteps Congress and our oversight and fiscal responsibilities,” the lawmaker said in a statement. “Any plan to address student debt should go through the legislative process, and it should be more targeted and paid for so it doesn’t add to the deficit.”
Pappas stated that he would rather have the high cost of education targeted in more specific ways such as making community college more affordable.
“The President’s plan also doesn’t address the underlying issue of the affordability of higher education, and it is clear that the high cost continues to limit opportunities available to students,” he continued. “Ultimately we must ensure everyone has the chance to further their education and gain the knowledge and skills they need to thrive, and I’ll continue to make that a priority.”
Florida Governor Ron DeSantis slammed the government proposal in stronger language.
“It’s very unfair to have a truck driver have to pay back a loan for somebody that got like a PhD in gender studies,” DeSantis said. “That’s not fair. That’s not right.”
“And then you also just have the fact like, if you’re going to talk about debt, then you should look at, okay, who has benefited the most from all this exorbitant debt that’s been taken out of the last generation? It’s the universities,” DeSantis continued. “They have bloated administrative budgets, they have all this, although in Florida, since I’ve been governor, no tuition increases at our state universities, we haven’t allowed that. Because all it does, all it does is they plow it in and they will, they will expand like the DEI office or something else like that, and it has no real impact on the quality of the education when they’re raising the tuition. It just creates more administrative bloat, and that’s been going on, and the colleges and universities have gotten a free ride at this.”
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