Political Quotes

“Mr. President, earlier this month, 16 Democratic Senators introduced a resolution calling for President Biden to forgive $50,000 of Federal student loan debt per borrower--$50,000. There is no question that student loan debt is a problem for many Americans. College costs have risen to unrealistically high levels, and many students or their parents take out unrealistic amounts of debt in response. But the answer to this problem is not to have the President or Congress simply step in and forgive a large chunk of student loan debt. To start with, Democrats' plan is incredibly, fundamentally unfair. Right now, there are individuals around this country who have just paid off the last of their student loans. They have been working hard, making payments, sometimes for a couple of years, sometimes for a couple of decades, as was the case with me. What happens to these individuals if the President steps in and forgives $50,000 of student debt? Well, I will tell you what happens--nothing. These individuals who have worked hard for years to pay off their debt will see no benefit from the Democrats' blanket loan forgiveness. Meanwhile, other Americans who have made no more than a month or two of payments will see their student loans entirely disappear. That is incredibly unfair. In addition to being unfair, forgiving student loan debt does absolutely nothing to address the problems that created this debt crisis in the first place.…”