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Foxx: Mr. President, You’re Burying Taxpayers Alive

WASHINGTON, D.C., September 26, 2022

Today, Education and Labor Committee Republican Leader Virginia Foxx (R-NC) issued the following statement after the Congressional Budget Office (CBO) confirmed a $400 billion cost estimate for President Biden’s illegal student loan debt scheme:

“CBO’s $400 billion cost estimate shows this administration has lost all sense of fiscal responsibility. It is just the tip of the iceberg. It doesn’t include the cost of this administration’s other efforts to transfer wealth from college graduates to hardworking taxpayers who never set foot on a college campus, such as his re-write and expansion of the Public Service Loan Forgiveness and Income Driven Repayment programs. Rather than working with Congress to bring down college costs, President Biden has opted to bury the American people under our unsustainable debt.”


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