Senator Ted Cruz (R-TX) is not hold back in his full-throated rebuttal of President Biden’s $300 billion dollar student loan debt cancellation plan; the Lone Star State Senator says it’s “insane and illegal.”
“Insane – and illegal! We have the highest inflation in 40 years/highest gas prices ever, but Biden wants to spend even more at the expense of hard-working Americans. The middle class will be stuck with the bill – it’s debt transfer. This is just a Hail Mary before midterms.”
Cruz also released an official statement on the illegal loan forgiveness.
“The highest concentration of student loan debt is held by people in Washington, DC. This administration’s policy is to force blue-collar workers and American families across the country to pay off the cost of a Washington bureaucrat’s college degree – it’s morally bankrupt.
“This announcement is a gut punch to every hard-working single mother who worked double shifts in order to pay for her own education, every parent who borrowed against their home to send their kid to college, Americans who sacrificed to make responsible financial decisions, and our nation’s veterans and service members who risked their lives to earn the G.I. Bill.
“Let’s be clear – there is no way to ‘cancel’ student debt. This will cost every taxpayer an average of $2100. Someone will pay the price for this policy and the price is likely to be felt by every American in the form of even higher inflation. This administration is exceeding its legal authority and illegally burdening hard-working Americans with debts they didn’t take on themselves.”