News
‘Dead Wrong’: Biden Goes on Offensive Over Student Loan Plan – Won’t ‘Apologize to Folks Who Voted for $2 Trillion Tax Cut’

President Joe Biden Wednesday afternoon announced his plan to forgive $10,000 in student loan debt for people making under $125,000, $20,000 for Pell Grant recipients, and extend the current pause on repayments through the end of the year.
As the President made his remarks, anticipating the GOP’s impending attacks, he explained that his plan to cancel debt is designed to help Americans across many parts of their lives.
“A lot of folks are putting off starting families because of the cost” of student loans, the President said, explaining this will give them a “fresh start.”
He also announced he is fixing the public service loan forgiveness program to will allow Americans who become first responders, teachers, and other public servants to have their loans forgiven.
Biden declared that when all these loans are forgiven, “everyone benefits.”
He also fended off GOP attacks by confronting them with the Trump tax cuts, which he noted primarily benefitted just the wealthy and were not paid for.
“I will never apologize for helping working Americans and the middle class — especially not to the same folks who voted for a $2 trillion tax cut that mainly benefitted the wealthiest Americans and the biggest corporations, that slowed the economy and didn’t do a hell of a lot for economic growth, and wasn’t paid for and racked up this enormous deficit,” Biden said.
“Just as we’ve never apologized when the federal government forgave almost every single cent of over $700 billion in loans to hundreds of thousands of small businesses across America during the pandemic – no one complained that those loans caused inflation.”
Reminding his detractors that those loans helped families and small businesses, Biden declared, “it was the right thing to do.”
“So the outrage over helping working people with student loans I think is simply wrong – dead wrong,” he said.
Watch below or at this link.
BIDEN: “By resuming student loan payments at the same time as we provide targeted relief, we’re taking an economically responsible course…I will never apologize for helping working Americans & the middle class—especially not to the same folks who voted for a $2 trillion tax cut” pic.twitter.com/0J9VPl9JZc
— JM Rieger (@RiegerReport) August 24, 2022
Enjoy this piece?
… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.
NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.
Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.
![]() |