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Chair Foxx Slams Biden’s Latest Student Loan Giveaway
WASHINGTON, D.C.,
June 28, 2024
“The definition of ‘Biden insanity’ is trying the same unlawful debt schemes over and over again and expecting a different result."
WASHINGTON — In response to the Biden administration’s student loan scheme related to SAVE Plans, Committee on Education and the Workforce Chairwoman Virginia Foxx (R-NC) issued the following statement:
“The definition of ‘Biden insanity’ is trying the same unlawful debt schemes over and over again and expecting a different result. “President Biden's false promises have left borrowers and loan servicers in limbo, and now taxpayers are being forced to foot the entire loan bill for nearly 8 million individuals each month. “The President is more concerned with saving face after his disastrous performance last night than finding actual solutions. Congressional Republicans provided President Biden ample opportunities to support policies that would address the root causes of student debt and fix our broken higher education financing system. Instead, he has opted to give away taxpayer money and illegally rewrite loan contracts. It’s a blatant attempt to buy votes from college graduates on the backs of the working class. I wish I could say I was surprised, but this is unfortunately par for the course." |
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