President Joe Biden announced his latest decree, this one cutting the student loan debt of supporters with just over two months to go until the critically important midterm elections, a move that drew immediate criticism about the wisdom of such a giveaway when the nation is gripped by the worst inflation in four decades.
On Wednesday, Biden emerged from weeks of semi-seclusion for a brief appearance where he told reporters that the federal government would cancel $10,000 student loan debt for those making less than $125,000 a year, an amount that rises to $20,000 for those with Pell grants and will benefit multiple West Wing staffers.
“Education is a ticket to a better life. … but over time that ticket has become too expensive for too many Americans,” Biden said in his White House speech. “All this means that an entire generation is now saddled with unsustainable debt in exchange for an attempt, at least, at a college degree. The burden is so heavy that even if you graduate you may not have access to the middle-class life that the college degree once provided.”
In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.
I'll have more details this afternoon. pic.twitter.com/kuZNqoMe4I
— President Biden (@POTUS) August 24, 2022
Included among those who benefit from Biden’s unprecedented giveaway are a number of members of his White House staff who were identified by the watchdog group Inside Biden’s Basement, their names were revealed by Fox News.
“Chris Meagher, Claudia Chavez, Hee Jung L Shim, John McCarthy, Justin Oswald, Kelliann Blazek, Maju Varghese, Michael LaRosa, Michael Leach, Rory Brosius, Shilpa Phadke, and Zephranie Buetow all make under the salary threshold and have outstanding loans so would there benefit from Biden’s handout, according to the watchdog group,” the outlet reported.
The numbers don’t include those who will reap the rewards at other agencies in the sprawling D.C. bureaucracy.
“President Obama said he had ‘a pen and a phone’ to make policy that was DOA in Congress and faced an uphill battle in the courts,” Derrick Hollie who is the communications director for the watchdog group told Fox News Digital. “With today’s student loan forgiveness Executive Order, President Biden is following suit with what appears to be a major pay raise to some of his closest aides and political lackeys hiding Inside Biden’s Basement.”
“Just at the White House, nearly 71% or 336 White House officials earn under the $125,000 threshold and potentially even more could be eligible under the household income cap. Counting the agencies, Inside Biden’s Basement has identified over 200 officials who may be eligible for this Biden handout on the backs of taxpayers,” he added.
“Knowing that hundreds of financial disclosures exposing potential student loan debt have yet to be made public by the White House and federal agencies, the number of Biden officials set to benefit from today’s EO is staggering,” Hollie said. “And the people who will be footing the bill are those who scraped, saved, and sacrificed to pay off their debt, or avoided taking out loans altogether, and those who did not attend college but still have to deal with Biden’s record-high inflation and recession-laden economy.”
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