This week, U.S. Rep. Aaron Bean, R-Fla., the chairman of the U.S. House Early Childhood, Elementary, and Secondary Education Subcommittee, took to the House floor in favor of a Congressional Review Act resolution that will prevent President Joe Biden and the U.S. Department of Education from advancing student loan forgiveness.
Bean said the following.
You get $3,527! You get $3,527! And you get $3,527! Whether you want it or not—and you don’t—you have just acquired $3527 in student loan debt. That’s right. Thanks to President Biden’s student loan bailout, every man, woman, and child in America will be taxed $3,527 to foot the bill for someone else’s debt.
But Mr. Speaker, are we in a debt crisis? Of course we are.
We are already a whopping $32 trillion in debt, struggling right now to come to an agreement on how to pay our bills. The president’s student loan bailout will just throw gasoline on the inflation fire, making it even harder for families to put food on the table. It’s the last thing our economy needs.
But Mr. Speaker, is this fair? Of course it is not fair.
This bailout sounds like a Houdini-type escape from the responsibility of student loan debt, but instead, 83 percent of Americans without student loan debt will end up paying for the other 17 percent who do. How do you tell someone who worked their way through college or joined the military, like my son to pay his way through college, that they will now be saddled with paying off a Harvard graduate’s underwater fire safety degree?
Biden’s student loan bailout is unfair to taxpayers and unfair to future generations of students.
This whole plan is nuts. There is only one correct answer and that is to vote yes on this Congressional Review Act. Let’s bring sense and sensibility to America’s education system while protecting the interests of taxpayers.
