[csusbpeace] Biden Rips Lawmakers Who Pushed Billions In PPP Grants For Bashing Student Debt Aid
- From: "raccoon" <dmarc-noreply@xxxxxxxxxxxxx> ("bigraccoon1")
- To: "CSUSBPEACE@xxxxxxxxxxxxx" <CSUSBPEACE@xxxxxxxxxxxxx>
- Date: Fri, 21 Oct 2022 21:39:17 -0700
https://www.huffpost.com/entry/joe-biden-ppp-loans-student-debt-forgiven_n_63530f09e4b051268c54cd94
<https://www.huffpost.com/entry/joe-biden-ppp-loans-student-debt-forgiven_n_63530f09e4b051268c54cd94>
Biden Rips Lawmakers Who Pushed Billions In PPP Grants For Bashing Student
Debt Aid
"Who in the hell do they think they are?" he asked an audience at Delaware
State University. But a court's temporary stay on the program rained on his
parade.
Oct 21, 2022
President Joe Biden <https://www.huffpost.com/news/topic/joe-biden> took off
the gloves Friday in a speech pummeling Republican lawmakers who backed
massive federal subsidies for business owners, including themselves, during
COVID-19 but are now complaining about his student debt forgiveness program.
“Who in the hell do they think they are?” Biden asked to applause during an
appearance at Delaware State University, where 75% of students are recipients
of Pell Grants <https://www2.ed.gov/programs/fpg/index.html>geared toward
lower-income college applicants.
“I don’t want to hear it from MAGA Republicans who had hundreds of thousands
of dollars of debts
<https://www.huffpost.com/entry/white-house-marjorie-taylor-greene-debt_n_6307f30de4b01068e1492246>,
even millions of dollars, in pandemic relief loans forgiven, who are now
attacking me for helping working-class and middle-class Americans,” he railed.
Georgia GOP Rep. Marjorie Taylor Greene and her husband “got over $180,000 in
business loans forgiven,” Biden noted.
He also bashed Sen. Ted Cruz <https://www.huffpost.com/news/topic/ted-cruz>
(R-Texas) amid loud boos from the audience. Cruz had criticized the student
debt program for helping people he dismissed as “slackers.”
“Republican governors wrote me a letter saying this relief only helps ‘the
elite few.’ Y’all know you’re the elite few? I knew you were really special,
but no, you’re the elite few,” Biden added in a dig at the politicians.
The application process for student debt relief that’s expected to aid some
40 million Americans was launched this week after surviving a court
challenge. Supreme Court Justice Amy Coney Barrett rejected a challenge to
Biden’s program
<https://www.huffpost.com/entry/amy-coney-barrett-declines-request-to-block-bidens-student-loan-forgiveness-plan_n_6351c035e4b08e0e608c8d81>
by a Wisconsin taxpayers’ group.
But late on Friday, a federal appeals court issued an administrative stay
<https://www.huffpost.com/entry/court-temporarily-blocks-bidens-student-loan-forgiveness_n_635330cee4b04cf8f383aea9>temporarily
blocking the program. The 8th U.S. Circuit Court of Appeals issued the stay
while it considers a motion from six Republican-led states to stop the loan
forgiveness program and ordered the Biden administration not to act on the
program while it considers the appeal.
Biden has previously skewered critics of student debt relief for eagerly
supporting the federal Paycheck Protection Program that forgave $742 billion
dollars of $792 billion
<https://projects.propublica.org/coronavirus/bailouts/> in loans handed out
to business owners to help them weather the pandemic business downturn. The
handouts weren’t restricted by a recipient’s wealth or income.
Many of the same lawmakers attacking student debt relief also helped pass
former President Donald Trump’s massive 40% tax cut for corporations in 2017.
Biden’s program would provide up to $10,000 in standard debt cancellation
<https://www.huffpost.com/entry/biden-canceling-student-loan-debt_n_6305204fe4b052615d75a439>
for borrowers who earn less than $125,000 a year. Couples who file taxes
jointly and earn less than $250,000 annually will also be eligible.
Pell Grant recipients, who make up the majority of borrowers, would be
eligible for an additional $10,000 in debt relief
<https://www.huffpost.com/entry/biden-canceling-student-loan-debt_n_6305204fe4b052615d75a439>.
The plan is expected to cost as much as hundreds of billions of dollars over
the next 10 years.
Twitter users weighed in approvingly after Biden took aim at Republicans like
Cruz and Greene.
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- » [csusbpeace] Biden Rips Lawmakers Who Pushed Billions In PPP Grants For Bashing Student Debt Aid - raccoon
