WASHINGTON – Education and the Workforce Committee Chairwoman Virginia Foxx (R-NC) joined Fox Business’ “The Big Money Show” to discuss the push from the Left to have the Biden-Harris administration “cancel” student loan debt and suggestions to abolish the Education Department.
Excerpts from the interview are below:
On Biden “canceling” student loans in his final days:
“This is [the Biden-Harris administration’s] fourth try. The Supreme Court said no you can’t do what…you promised in the campaign. So on the day afterwards, they said they would come up with a Plan B, but they've actually had a plan B, C, and now this is D because this is their fourth attempt at circumventing the law and doing another illegal scheme. It could cost the American taxpayers as much as $1.4 trillion. This is not forgiving loans. This is transferring the cost of those loans to people who never took them out, never darkened the door of a college. It is an obscene effort to again, circumvent the law and act like they’re kings.”
On abolishing the Education Department:
“The word education is not in the Constitution as a responsibility of the federal government. And so, what we need to do is devolve the work that's being done now at the Department of Education in Washington back down to the states and the localities. … This is going to take some careful work, it's not something that you just do with the stroke of a pen. We need to do it legislatively and do it right. … The [Education Department] was a bribe to Carter to get the support of the teachers unions and that makes it even more obnoxious.”
On reining in federal spending and lowering college costs:
“We're working on the College Cost Reduction Act now. I still have hope that we'll be able to pass it in this session of Congress, where we would begin to tighten the screws on the Department of Education. We would save $185 billion that could go into the reconciliation and be a part of the tax cuts extension.”
Bottom line:
“The best thing to do is to get the federal government out of [education] all together.”
