Biden's student debt plan rewards already 'well-off' base: Hassett



Former Council of Economic Advisers chair Kevin Hassett argues the president is attempting to placate his base with a ‘massive’ student debt relief plan as midterms approach on ‘Varney & Co.’

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34 comments

  1. I have a home loan, where is my share or is this discrimination.

  2. Hear me out. If a school has a football program… Then maybe it's time to make tuition, housing, and textbooks be cheaper

  3. I'm a taxpayer and this is just wrong. If people want to go to college fine go ahead but pay for it yourself. Don't leech off of others to pay it for you.

  4. Actually IT DOESNT REWARD ANYONE…. $10k wont cover the interest on most persons student loans.

  5. "Most well-off people will benefit."

    Not true. Not only is there a $125K/yr cap, but 90% of those forgiven make less than $75K. Furthermore, borrowers haven't had to consider student loans as part of their budget for two years now. Household budgets are what they are already without the burden of student loans, so there's no reason why their spending habits would suddenly change because of this development. Mine won't.

  6. It doesn't matter what Powell says, it's too far gone.

  7. Biden Abused his Power, this is UNCONSTITUTIONAL! And will End Up in the Supreme COURTS, Imagine Americans that didn't go to College, Pay for the Rich to go to College?!???? Extremely, Extremely UNFAIR…… Period!!!

  8. What Biden did today is UNCONSTITUTIONAL, Presidents don't have the Power to Forgive Debts, ONLY, ONLY CONGRESS can Legislate Not Presidents! This will End up in the Courts, even the Supreme Court…..It is UNCONSTITUTIONAL….

  9. Thank You President O'Biden for increasing inflation.

  10. the biden admin need to be impeached.

  11. Bribing the public with public money right before the midterms.

  12. "Chain of supply" is totally damaged! Yesterday went on line to buy cat food, Walmart shows " NONE", AMAZON show at least 2 weeks shpping, or $35 addition fee for 3 day delivery! Really? coming from oversea?!

  13. The biden administration likes to hear americans are hurting .they see their agenda of the poor gets poorer and the democrats passing bills they get richer is working and can stay on vacation on the American dime and let their fake media campaign for them .

  14. College's need to be responsible and pay the students back.
    This is only going to increase how much it's going to cost to go to college.

  15. Why don't Biden take his ๐Ÿ’ฐ money that him and his son got free from where-ever and pay for this student loans.Biden acts like he is paying for those loans already. I hope these kids know it,that the tax payers are footing this wild money. Biden is a sick old man.He has hurt the people in America. Thanks Biden you just suck.

  16. There are also students paying 50.00a month and having a hard time doing that. Where do you people all live that can afford Tesla,500,000$ homes and pay thousands out in bills and it's ok

  17. Surely it a ploy, so secure his base prior to the midterms.

  18. Inflation is going up: Biden, as per the NYT, just approved 10k on Student Loans ๐Ÿ’ธ.

  19. It's a bribe for mid terms

  20. I paid mine. I want it back. Pig of a President. I'm in the medical field. Wanted more education, can't afford it.

  21. Once again the federal government has created a financial nightmare of over 1 trillion dollars for the American people today the cost of a higher education at our University's and colleges it's so expensive that the average American families cannot afford to send their kids to school student loans was not to answer to this problem years ago the federal government should have address this problem of the cost of higher education to make it affordable for everyone to get to go to a university or a college but they let American Greed get involved in their decision making to make more money for their special interest and today we still have the problem and they won't the American people to bail them out financially for their special interest I only have one thing to say to the federal government you're fired

  22. ! IT IS THE TIME WHEN THE PEOPLE LEAD THEIR OWN COUNTRIES, NOT THE BILLIONAIRES ! ! ! !

    ! THE CITIZENS WITH THEIR SONS (SOLDIERS) MUST HAVE TO TAKE THE LEAD, WE DON'T NEED MORE RECESSIONS JUST TO BE ENOUGH DIAMONDS ! THEY ARE RING, AND ENOUGH LUXURY CLOTHS, AND LUXURY FOOD ON THEY ARE GOLD TABLES ! ! ! ! ! ! ! ! ! ! ! !

    ! THE TIMES OF CROOKS IN TIES IS OVER ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

  23. ! IT IS THE TIME WHEN THE PEOPLE LEAD THEIR OWN COUNTRIES, NOT THE BILLIONAIRES ! ! ! !

    ! THE CITIZENS WITH THEIR SONS (SOLDIERS) MUST HAVE TO TAKE THE LEAD, WE DON'T NEED MORE RECESSIONS JUST TO BE ENOUGH DIAMONDS ! THEY ARE RING, AND ENOUGH LUXURY CLOTHS, AND LUXURY FOOD ON THEY ARE GOLD TABLES ! ! ! ! ! ! ! ! ! ! ! !

    ! THE TIMES OF CROOKS IN TIES IS OVER ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !

  24. We can hope that this signals the end of the education bubble. I doubt it, but I can still hope. I would hire someone straight out of high school over a college graduate. I'd rather start with a blank slate than have to erase four years of Marxist brainwashing. What businessman wants communist revolutionary in his company?

  25. Not nearly as well off as the Republican donor base that they cut taxes for routinely

  26. If we forgive any student debt be 10k or 50k making under 150k all us good paying citizens a full equal income tax credits till we meet the $$$ threshold? Why should we taxpayers have to pay for debt that these people new what they signed up for and wanted it! Fair is fair ! Way to go Brandonโ€ฆ try buy votes to try to win midterms a joke ! Lol ๐Ÿ˜ vote all the way RED ! Peace โ˜ฎ๏ธ

  27. Oh hey we not to far from the midterm. Straight buying vote

  28. Biden. ๐Ÿ’ฉ๐Ÿ’ฉ๐Ÿ’ฉ๐Ÿ’ฉ๐Ÿ‘Ž๐Ÿ‘Ž๐Ÿ‘Ž๐Ÿ€๐Ÿ€๐Ÿฆ‚๐Ÿฆ‚๐Ÿฆ‚๐Ÿ๐Ÿ๐Ÿ๐Ÿ•ท๐Ÿ•ท๐Ÿ•ท๐Ÿฆƒ๐Ÿฆƒ๐Ÿ‹๐Ÿ‹๐Ÿ‹๐Ÿคก๐Ÿคก๐Ÿคก๐Ÿชฐ๐Ÿชฐ๐Ÿชฐ๐Ÿชฐ๐Ÿชณ๐Ÿชณ๐Ÿชณ๐Ÿชณ๐Ÿ–•๐Ÿ–•๐Ÿ–•๐Ÿ–•๐Ÿ–•๐Ÿ–•

  29. Democrats and liberals typically major in subjects that have absolutely NO career path and therefore cannot pay back the $200,000 they borrowed to attend college. This is nothing more than a kickback in an election year.

  30. So, it's the blue collar worker subsidizing a white collar graduate. Wow, that makes lots of non-sense. Brandon is nuts!

  31. What about those that paid off their loans,,what about the future students going to college? Are those loans getting paid for? Where does it stop,,hopefully in 2022 and 2024.

  32. Joe's going too burn it all down here comes depression

  33. Why don't anyone want better?
    Why do people want to struggle ?
    Do everyone really ๐Ÿค” like things the way they are?
    If they can shut it down for covid why can't we the people ๐Ÿ™„ Amen?
    No one wants a afford life?
    Why?
    You know the meals people call the poor man meals are actually the smart man's meal it's a fillers for kids and that's what people need to go get for their family until the shutdown is over Amen ๐Ÿ™๐Ÿผ๐Ÿ˜Š