Joe Biden is trying to turn voters with student loans against Republicans with an even bigger student loan bribe which amounts to $7.4 million.
The new bribe is supposed to affect over a quarter of a million students just months away from the election.
Here’s more from Fox Business:
The White House on Friday announced it’s canceling an additional $7.4 billion in debt as part of the Biden administration’s most recent attempt at widespread student loan forgiveness ahead of the election.
The administration announced the handouts, targeted at an estimated 277,000 borrowers across the country, with the national debt topping $34.5 trillion.
Biden touted his Saving on a Valuable Education (SAVE) plan, which originated after the Supreme Court struck down Biden’s student loan forgiveness plan.
“These 277,000 borrowers are enrolled in my administration’s SAVE Plan, or were approved for relief because of fixes we made to Income-Driven Repayment Plans and Public Service Loan Forgiveness,” Biden said in a news release. “From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity.”
KJP claimed that Republicans who oppose this are trying to “prevent their own constituents from benefiting” from this student loan bribe:
The president promised to “never stop” working to cancel student debt — taking a dig at Republican lawmakers who have opposed altering student loan repayment plans.
“Republican elected officials across 18 states want to prevent their own constituents from benefiting from the SAVE plan,” White House Press Secretary Karine Jean-Pierre said. “They want to end SAVE and make their constituents’ monthly payments go up and keep them under mountains of loan debt with no end in sight.”
“The president will continue fighting to give people more breathing room and using every tool at his disposal to help borrowers.”
Biden is so unpopular that he’s having to go to great means to try and get new voters, which is why this new student loan bribe is so big. But he’s doing this knowing that he does not have the authority to implement this unilaterally. It’s outrageous that he’s defying the Supreme Court ruling and I hope Republicans put a stop to this quickly. But even if they don’t pass it, he’s fine with just being seen as the hero who tried to help students or something.