Political Quotes

“We recently learned that the Department of Education would be shifting another $1.2 billion in student loan debt from borrowers to the taxpayers of this country. This is yet another example of President Biden's administration abusing whatever regulatory lever they can find, every executive action he can think up to usurp Congress and continue this unjust bailout scheme. Unfortunately, the scheme is working. In recent months, tens of billions of dollars in borrowed money are no longer due for repayment. Let's be clear. Student loan debt can't be forgiven. It is simply being transferred to hardworking American taxpayers, most of whom never went to college or took out student loans. These tactics come despite what happened last summer when the Supreme Court of the United States overturned the Biden administration's previous student loan handout plan totaling more than $400 billion. The High Court found, in laymen's terms, that a President cannot spend hundreds of billions of dollars with the stroke of a pen. This is one of the most regressive ideas that I have seen in my time in Congress. It does nothing to solve the ballooning cost of a college education in this country. It simply adds to our national debt, which already, of course, sits at more than $34.2 trillion. We know that 43 million out of 255 million adults in the United States have some kind of student loan debt.…”