By
Savannah Hulsey Pointer
|
September 1, 2022
|
12:41 pm

Former Clinton advisor blasts President Biden for student debt cancellation

Paul Begala, a former adviser to the Clinton administration, opposed President Joe Biden's proposal to forgive up to $10,000 of student loan debt for the majority of borrowers.

According to The Daily Wire, Begala, who is currently a Georgetown University professor and a CNN pundit, described the cancellation of student loans as "bad policy, as well as bad politics" during a Sunday segment of CNN's "State of the Union."

“For that amount of money, you could fund free pre-K for every three- and four-year-old for 10 years,” Begala explained.

“You would do a lot more good for poor people, communities of color, and the underprivileged by doing pre-K. You could forgive all medical debt, which, unlike student debt, is not freely entered into," the pundit said.

For those making less than $125,000 a year, there is a student loan cancellation program. Additionally, Biden decided to allow borrowers with undergraduate loans to cap payments at 5% of monthly income and to extend the moratorium on federal student loan repayment to January 2023.

Begala, despite his left-wing leanings, rejected the policy and pointed out that candidates in close races, such as Sens. Michael Bennet (D-CO), Catherine Cortez Masto (D-NV), and Tim Ryan (Ohio Senate candidate), are distanced from the action.

“So what is my party doing with this? They’re disadvantaging — I think they’re not helping the people that we’re here to help, which is [sic] poor people and underprivileged communities,” Begala continued. “And they’re not helping their politicians who are running.”

Currently, according to Gallup, Biden continues to have a dismal 44% approval rating, while the president only has a 40% approval rating among independents. According to a CNBC poll, 59% of Americans are now worried that canceling student debt "will make inflation worse" as vulnerable Democrats try to discredit Biden's poor track record in the economy. However, eradicating student debt is particularly popular among younger voters; while 30% of respondents believed there should be no cancellations, only 19% of adults between the ages of 18 and 34 still hold this opinion.

Written By:
Savannah Hulsey Pointer

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