In an interview released Sunday, President Biden stated that his student-debt forgiveness initiative had already been passed by a couple of votes.
Biden issued an executive order in August giving up to $10,000 in student debt for people who make less than $125,000 per year and up to $20,000 for people who make more than $200,000 per year. The move could cost taxpayers up to $400 billion.
Biden made a false claim that the executive order was actually legislation that he got passed by a vote or two.
Here is the full clip for all you clowns who say it’s out of context. Biden first falsely claims he “signed a law” to cancel student loan debt, then says he “got it passed by a vote or two.”
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— Jake Schneider (@jacobkschneider) October 24, 2022
A group of Republican-led states sued the 8th Circuit Court of Appeals after it temporarily blocked Biden's student bailout order.
It is not appropriate to cancel a loan. The administration is threatening to pass a profound and transformational policy that will have untold economic impacts. The administration should stop its actions immediately.
The move is seen by many as an undisguised ploy to shore up support among young, university-educated, adults, a core Democratic Party cohort, at a time of decades-high inflation rates.
The definition of eligible applicants has been narrowed by the Biden administration. According to an official, the change has reduced the number of claims.
As Biden seeks to reach out to young voters to buoy his slumping poll numbers, he sat down with a few young adults with NowThis. Gun reform, climate change, abortion access, and transphobia were some of the topics discussed in the forum discussion.
An earlier initiative to provide two years of free community college failed to pass a Democratically controlled Congress.
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