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Larry Kudlow on student loan handout: This is called 'election year politics'
Larry Kudlow on student loan debt handout: Biden’s vote buying knows no bounds
FOX Business host Larry Kudlow calls out President Joe Biden’s student loan debt handout as Americans see record-high inflation on ‘Kudlow.’
If it sounds like an election year handout, that's because it is. President Biden's student loan bailout, which essentially robs the poor to pay the rich, will cost taxpayers roughly $500 billion, according to the Committee for a Responsible Federal Budget.
BIDEN STUDENT LOAN HANDOUT GIVES UP TO $20K TO LAWYERS, DOCTORS SET TO MAKE HUNDREDS OF THOUSANDS OF DOLLARS
Between loan cancellations, extending payment deferrals for another four months, and a revised income-based repayment plan, it could affect over 40 million people. This is called "election year politics." Just as bad, Mr. Biden doesn't even have the authority to do what he's doing. Nancy Pelosi had it right a year ago. Remember this?
NANCY PELOSI: "People think that the president of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay, but he does not have that power. The president can't do it, so that's not even a discussion."
From today's WSJ editorial, "Even Mr. Biden said in December 2020 it was ‘pretty questionable’ whether he had the authority to cancel debt." The Supreme Court underscored this in the West Virginia vs. EPA decision, but Biden's vote buying knows no bounds.