Biden Exploits Middle Class Americans
This is pretty pathetic.
As you likely already know, President Biden used his executive privilege to forgive mass amounts of student loan debt for millions of debt holders across America.
Now as the smoke settles people are beginning to realize what exactly President Biden did and how he is exploiting the middle class by doing so.
It was all explained by Republican Senator Marsha Blackburn who said that middle class Americans will be disproportionately harmed because they will have to pay off the debt of people who will earn degrees such as phD’s who will not have to pay off their own debts.
In transcript provided by Breitbart, Blackburn explained, “It is so important to realize that the majority of student loans are held by people with advanced degrees, PhDs, lawyers, doctors. And these are individuals that are going to be high-income earners. Now, you have a small amount of student loans that are held by your lower-income earners. And here’s a great example, a lady that I know, single mom, daughter, they both worked two jobs for five years to get her through college with no student debt. She came up to me and said, Marsha, do I get a tax credit? Does my daughter get a tax credit?”
Blackburn then said, “If they’re going to start giving money away, what about people like me that played by the rules, that made certain that we worked overtime and extra in order to pay for education so that her daughter could become an elementary school teacher? Now, this is how it is affecting people, and we get more calls in our office about the student loan forgiveness program than anything. … Now, Dagen, they’re looking at having less money to go around because more money goes into the essentials, and then you have these PhDs and these doctors that are getting their loans paid off.”
It has become evident that President Biden either didn’t think things through or he intentionally forgave student loan debt knowing it would hurt the middle class.
