Biden would create so many 'perverse incentives' by forgiving student loans: Sen. Cramer



Senate Budget Committee warns against the president’s student loan forgiveness plan, saying it would contribute to inflation and increase tuition costs on ‘Mornings with Maria.’ #foxbusiness #morningswithmaria

Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York – the business capital of the world – FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness

source

37 comments

  1. What do you expect. Free stuff. "This problem was created by the Right! Here how about some more Free Stuff?"

  2. Joe Biden is a genius. Here is why it makes sense to erase some college debt. Hopefully fox won't delete my comment again. While they can do that without violating the first amendment, I would think that as a news organization they would see how censorship is not a good thing. But back to college debt. First of all, erasing college debt for families enables them to qualify for better home loans. Interest rates have gone up lately and this move will stimulate the economy without lowering interest rates. This is critical as some experts predict that a recession is looming, if we are not already in one. By lowering student debt, it puts more buyers into the slowing housing market. This puts blue collar workers like electricians and plumbers to work. In short, this is a stimulus that rewards people for education instead of burdening them and punishing them with debt, and at the same time helps the economy. No More.

  3. My x-wife got a college degree in accounting and never paid her student loans in 20 years because she claimed she never got a job that paid enough to afford the payments. Someone should go after her and MAKE HER PAY back the student loans!! I have her address!!

  4. who the hell listens to larry sommers after 2008 he shouls be ashamed to show his face

  5. Inflation is over 35% . All the numbers given are watered down so people don’t get too mad .

  6. This will be the end of our country spend our way to our demise

  7. Great Reporting…but Maria please stop Screeching at your audience! Hard to listen!

  8. Biden first set foot in the Oval Office a year ago, real GDP was growing at 6.3 percent compared to Trumps lack luster 2.4 percent average, Biden adds 943k jobs — more jobs in a single month than Trump netted during his ENTIRE TERM, Biden has more jobs to date at 6.6 million than Trump and the last 2 RepubliKKK'con presidents put together, let's not forget that unemployment rate under pedophile Trump was up to 19% where Biden has us now at 3.5%, Biden COVID deaths is +800,000 less than Trumps.

  9. I spent 3 years in the Vietnam Era Army to earn the GI Bill and pay for my college. WHERE IS MY BAILOUT BIDEN?????

  10. America is doomed because of these lying politicians who do anything to enrich themselves and their cronies. Name a Bill the Puppies and Kittens Act and everyone votes for it. We are a has been country of fools!

  11. Borrowing money to pay off borrowed money. Genius!

  12. Easy Dems buying votes

  13. The turd still on vacation and showing how out of touch he really is. Flush the turd

  14. Tricking people by naming a bill one thing and doing another is not a win, its a grift. All of these people need to be out of government. Wake up yall this admin is on the biggest cash grab in American history, and we are going to be stuck paying for it all.

  15. Who pays…..YOU DO!

    Biden’s reckless spending, recession, attack on our energy sector, and surrender of our southern border.

    Inflation and fuel at a 40 year high. Never underestimate Biden’s ability to F things up!!!

  16. "I know how to get votes for Democrats", says Biden, "Let's FORCE the highest turnout voters, age 35-54 to PAY for the educations of the lowest turnout voters, age 18-24. Yeah, brilliant idea!"

    So let's FORCE the truck drivers, HVAC mechanics, plumbers, carpenters, electricians, factory workers, construction workers, small business owners to PAY for the educations of the Starbucks baristas! 🤪

  17. SOMEBODY WILL BE SACRIFICED TO PAY FOR THIS OTHER THAN THE MOSTLY BLACK STUDENTS.

  18. Not to mention forcing the working class (slave labor) to pay for the lifestyle of the upper class. Furthering the divide. But then the government gets to tax that money again as income. Hope those forgiveness recipients are ready to pay taxes on that extra "income."

  19. This is just another proposed give away designed to buy votes. The Democrats will begin this process and say we will make it law but we wont be able to if we don't get reelected. Shameful.

  20. He’s stalling again- this is the same thing he did during the election to get 18-21 yr olds to vote for him, by using the promise of retroactive stimulus checks that never came. He will eventually say he doesn’t have the power to do that…but only after the November mid-terms.

  21. TVE SE DEDICA SOLO A HACER EL GENOCIDIO EN ESPAÑA.
    COMO SABEMOS.
    A DIRIGIRLO SIEMPRE ELLA.
    A NADA MAS.
    FIN.
    GRACIAS FOX LIKE.

  22. equal justice under the law, isn't that what the bill of rights is all about. How can giving money and benefits to one group and not the other be just, moral, and constitutional.

  23. So what are these purple hair freaks doing with their liberal arts degree 🤣

  24. Classy, using Biden and perverse in the same sentence. Leave it to the disinformation channel, Fox.

  25. It seems like they're mocking us with the name of this bill.

  26. If it’s that bad Biden will do it.

  27. Global warming – all lies

  28. Biden has accomplished more in less than 2 years than trump did in 4. That's because he does his job instead of golfing all day.

  29. Gonna engineer a 10 mile round fan, that should do something with climate.

  30. The only good Democrat is one that isn’t breathing

  31. I joined the military as a means to help pay for college later. I lost a portion of my foot while serving in the US Navy, I served honorably unlike Hunter Biden. Shouldn’t I be forgiven for my college costs if others will be now?

  32. A better solution is get the federal govt out of the Student Loan Program altogether. DC has no business being in the education loan business. Obama stole this and took it over by including it in Obamacare. Ask yourself why he did that.

  33. <<… less than perfect name ….>>? It's called a lie, Gail Collins!

  34. My mortgage identifies as a student loan.

  35. I've got to be honest….If Ole Joe wipes out student debt I'm voting Democrat..