Democrats Bankrupting America
Even Democrats are speaking up.
President Biden’s decision to give massive student loan forgiveness has now been criticized by even Democrats.
According to Fox, Democrat Senator Joe Manchin has sounded the alarm and said that President Biden’s student loan forgiveness seems “excessive.”
Furthermore, when asked to elaborate by reporters, Manchin said “I just respectfully disagree on that.”
President Biden’s loan forgiveness plan is expected to cost the United States an eye-popping $500 billion that the White House says will get paid with deficit spending.
“I think there’s other ways. When people were calling me from back in West Virginia, I would give them all the options they had that would reduce their loan by going to work in the federal government,” Manchin explained.
The nation’s federal student debt currently is above $1.6 trillion. Currently one-third of student loan debt debt holders owe less than $10,000 and more than half of them owe less than $20,000.
Many Republicans believe this massive forgiveness was not needed and are angry about the debt relief.
