The Biden administration announced Wednesday that it was canceling $10,000 of student loan debt for individuals earning less than $125,000 per year, and several members of Tennessee’s congressional delegation voiced their displeasure.
U.S. Senator Marsha Blackburn (R-TN) said in a tweet shortly after the announcement: “President Biden’s decision to waive student loan debt will increase inflation and is another gift to the rich. Tennesseans should not be forced to pay for coastal elites to get their PhD in gender studies.”
U.S. Representative Mark Green (R-TN-07) said of the move, “Less than half of America has a 4-year college degree. This is a redistribution of wealth to the elites—and reallocation of debt to the working class. Nothing more. Nothing less.”
U.S. Representative John Rose (R-TN-06) said it was a sad day for the nation.
“Today is a sad day for America. Americans who made tough decisions to pay off their student loans or not take any out at all will now be forced to foot the bill for others because President Biden wants to improve his poll numbers. This is not the American Dream,” he said.
U.S. Representative David Kustoff (R-TN-08) tweeted, “@JoeBiden’s student loan policy is unfair to the 87% of hardworking Americans who played by the rules and do not have student loan debt. In the midst of skyrocketing inflation, working class families across West #TN should not have to pay for this giveaway.”
U.S. Representative Chuck Fleischmann (R-TN-03) called the loan cancellation a bailout for “high earners.”
“Most Tennesseans and Americans nationwide don’t have college degrees or student debt. Biden is forcing millions of hardworking people to bail out doctors, lawyers, and other high earners. This’ll make inflation soar, tuition increase, and is blatantly unfair to countless people,” he said.
U.S. Representative Diana Harshbarger (R-TN-01) blasted Democrats and socialists in a tweet.
“No matter how hard the democrats and socialists try to convince you, nothing is free,” she said.
One member, a Democrat, of Tennessee’s delegation to the U.S. Congress voiced strong approval.
U.S. Representative Steve Cohen (D-TN-09) said in a tweet, “Today’s targeted student debt relief will lower costs for millions of working Americans who make less than $125k per year and need it most, without spending more on those who can afford it.”
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Aaron Gulbransen is a reporter at The Tennessee Star and The Star News Network. Email tips to [email protected]. Follow Aaron on GETTR, Twitter, Truth Social, and Parler.
Photo “Joe Biden” by Joe Biden.Â
This is not debt cancellation. It is a transfer of millions in debt from the people who owe it to the people who don’t .
This is a tax funded, vote buying giveaway, paid by decent people who work for what they spend, instead of electing tax collecting thieves to help them steal whatever they want from whoever has it.
https://www.newschannel5.com/news/mayor-cooper-announces-400-small-businesses-to-receive-grant-money-in-nashville
Another government giveaway. We won’t hear much complaining, if any, because the recipients are small businesses.
“This is a redistribution of wealth to the elites—and reallocation of debt to the working class. Nothing more. Nothing less.”
Oh, I thought he was talking about TN giving nearly a billion to Ford…who we already bailed out with taxpayer dollars. Keep fighting for that $7.25 an hour!
10,000 is nothing to most borrowers. You didn’t hear this outcry when businesses took PPO money! College costs are outrageous! Something should be done to wipe it all out and I’m a parent who put 2 thru college and paid it!
The Representatives and Senators of Tennessee are part of the law making body that gave this power to the President. Why are they not working hard to take away the power to issue executive orders. They talk like they have nothing to do with this. They are not representing the people of Tennessee.
Why didn’t one of these brilliant legislators state that his use of the Defense Act citing COVID as a justification is an affront and would be challenged in court?
Biden just buying more votes, I hope the people get out and vote Red this November.
You’re correct Monica, this move by Demented Joe or whomever is making decisions for him, is purely politically motivated. now, those who could not afford to go to college are essentially paying for those who attended the reneged on their promissory note. This will further inflate the economy adding even more strain to those today living paycheck to paycheck.
This decision is going to cause the lowest paid workers to pay student loans for people that should be subsidizing the lower worker’s wages. Any taxes levied on large corporations affect the lowest paid workers the most.