White House Press Secretary Karine Jean-Pierre had no answer for who will pay for Biden’s student loan bailout.
Joe Biden unilaterally announced a massive forgiveness of student loans Wednesday afternoon.
Biden canceled up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants, according to multiple sources familiar with the matter.” NBC News reported.
“Couples who earn $250,000 a year or less who file taxes jointly would also qualify for cancelation of up to $10,000 for each partner.” NBC News reported.
Joe Biden claimed ‘canceling’ student loan debt (AKA transferring the debt to the middle class) won’t have any “meaningful effect on inflation.”
Fox News reporter Peter Doocy left Karine Jean-Pierre stuttering when he asked who is paying for the student loan bailout.
“When you forgive debt, you’re not just disappearing debt, who is paying for this?” Fox News reporter Peter Doocy asked KJP.
Karine Jean-Pierre refused to give a straight answer.
Joe Biden is bribing voters for the midterms by transferring student loan debt from millennials and Gen Zers to the middle class.
.@pdoocy: When you forgive debt, you’re not just disappearing debt, who is paying for this?
KJP refuses to give a straight answer. pic.twitter.com/YUNY0nkOpi
— Media Research Center (@theMRC) August 24, 2022