By
Christine Favocci
|
June 9, 2023
|
11:45 pm

Joe Biden vetoes bill threatening student loan forgiveness handout program

President Joe Biden vetoed a bill Wednesday that threatened his student loan forgiveness handout, Breitbart reported. The GOP legislation sought to invoke the Congressional Review Act over a scheme that would have erased up to $20,000 in student loan debt for 43 million borrowers.

The bill made it to the president's desk after gaining bipartisan support. It passed the GOP-majority House 218-203 and made it through the Democrat-controlled Senate thanks to Sens. Joe Manchin (D-WV), Krysten Sinema (I-AZ), and Jon Tester (D-MT).

The measure is all but dead in the water as the proposal is not expected to glean the two-thirds majority needed to override the veto. Biden added insult to injury with a post-veto victory lap.

"Congressional Republicans led an effort to pass a bill blocking my Administration’s plan to provide up to $20,000 in student debt relief to working and middle class Americans," Bitden captioned a video statement on Twitter. "I won’t back down on helping hardworking folks," he added.

"That’s why I’m vetoing this bill," the text went on. "Some of the same members of Congress who supported a bill that’d block student loan debt relief had millions of dollars in PPP loans forgiven," Biden added in a subsequent tweet.

"But when it comes to hard-working Americans getting student debt relief, that’s where they draw the line?" Biden said. "It’s wrong."

Other Democrats similarly used his false claims to back such an unnecessary handout, Fox News reported. "At a time when students need relief the most, Republicans are working to upend student loan forgiveness that started under Trump and now continues under President Biden for more than 40 million borrowers," Rep. Mark Takano (D-CA) said before the vote.

"Why, for the love of God, do Republicans want to continue to punch down on America’s students and divide our country?" he claimed dramatically. "The Biden administration’s student debt relief plan is not a bailout, it is a lifeline, and I implore my Republican colleagues in Congress to speak with borrowers in their own districts about this very issue."

Fellow Rep. Maxwell Frost (D-FL) pushed further, this time interjecting the race card. He attempted to equate arguments about the fact that most people don't need loan forgiveness to arguments made against giving women and blacks the right to vote.

"Why do you bring that bigoted logic to this issue?" Frost asked. However, Republicans instead argued from the standpoint that Biden's plan is likely unconstitutional.

"In fact, he even admitted that to CNN host Anderson Cooper in February 2021 by saying, ‘I don’t think I have the authority to do it by signing with a pen,'" the bill's sponsor, Rep. Bob Good (R-VA), pointed out. Rep. Virginia Foxx (R-NC) said that this program benefits the wealthy and is, therefore, antithetical to what Democrats say they believe in.

"Student loan cancelation is regressive," Foxx said. "Two-thirds of this debt transfer plan would go to the top half of earners. It takes from those in the lower half and gives to the upper half," she said, exposing Biden's lie about who would benefit.

Biden and the Democrats are looking to buy votes using taxpayer dollars. Student loan forgiveness captures another demographic that could be useful and therefore is something they're adamant about supporting.

However, Biden's plan likely won't survive a Supreme Court challenge on the constitutionality. Still, just the promise of free money to people who don't want to pay back their loans might be enough to entice young, college-educated voters -- and Democrats know this.

Written By:
Christine Favocci

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