Political Quotes

“today I introduced the Congressional Review Act, a resolution of disapproval to overturn the Biden administration's newest student loan scheme: income-driven repayment. Just like President Biden's student loan cancellation scheme that was overturned by the Supreme Court, this policy does not forgive debt, it transfers the burden of almost $560 billion in Federal student loans from those who willingly took out the loans for college to make more money when they graduated to Americans who never attended college or who have already fulfilled their commitment to pay off their loans. Under this rule, a majority of bachelor's degree student loan borrowers will not be expected to even pay back the principal. We have moved beyond forgiving the interest, and we are now not even asking them to pay back the principal. Additionally, 91 percent of new student loan debt would be eligible for reduced payments subsidized by taxpayers. These policies are as unfair as they are irresponsible. Where is the forgiveness for the guy who didn't go to college but is working to pay off the loan on the truck that he takes to work? What about the woman who paid off her student loans but now struggles to pay her utilities or her mortgage? Is the administration providing her relief? Of course not. Instead, the administration would have them not only pay their bills but the bills of those who decided to go to college in order to get a degree to make more money.…”