August Pfluger: “I thank the chairwoman for her leadership on this. I rise in strong support of H.J. Res. 88 to block President Biden's…”

“I thank the chairwoman for her leadership on this. I rise in strong support of H.J. Res. 88 to block President Biden's taxpayer-funded student loan bailout. Here we go again. If you don't succeed, and the Supreme Court says it is not constitutional, well, let's find another way, find another mechanism. That is exactly what we are facing today. We are standing in the gap, Mr. Speaker. This rule unjustly imposes an excessive burden on hardworking American taxpayers, who should not be forced to shoulder the responsibility for student debt that is not their own. It is not a coincidence that on the same day the Supreme Court found the Biden administration's first attempt at loan forgiveness unconstitutional, the Department of Education announced this final rule to allow a majority of bachelor's degree student loan borrowers to avoid paying back even the principal on their loans. Let me be clear: This rule does not offer genuine debt forgiveness. Instead, it shifts the weight of $559 billion in Federal student loans onto the shoulders of almost 90 percent of Americans who don't have those student loans. This includes individuals who may earn significantly less than those who took out the loans in the first place.…”