Former Council of Economic Advisers chair Kevin Hassett explains how Biden's student debt relief plan will aggravate inflation on 'Varney & Co.'
Former Council of Economic Advisors Chairman Kevin Hassett argued, Tuesday, that Biden is likely to pull the trigger on "massive" student loan forgiveness, telling "They've got to reward their base, which is the teachers' unions, the trial lawyers and liberal academics.
If doing nice things for ordinary Americans is 'buying votes', perhaps it might be something you republicans might want to try doing yourselves instead of being monstrous a**holes who run around burning books, depriving women of human rights, & trying to abolish Social Security
Debt forgiveness is more appealing than culture wars, wouldn't you agree?
BlondeMAGAinNJ They don’t even try and hide this shit anymore. They’re so used to breaking all laws, why hide it? They’re never held accountable or prosecuted. It’s just one big free for all for the Marxist LIBS.
And the problem is 👀
Do PPP loans next.
And what a great fucking investment it is.
Uh, yeah. That's how politics should work. You make my life better - I vote for you. You make my life worse - I don't vote for you. It's why I don't vote for either of our useless parties.
Good
The idea of a president delivering on a campaign promise to help individuals is down right shocking. They’re supposed to reward the people who voted for them and entice the people who didn’t. Government spending should be more focused on making lives better for actual people.
Another crooked son of a seacook.
BIDEN LOVE'S to spend TAXPAYERS MONEY
As any President would...
He’s keeping a promise and helping people who need it.
Was this the case when trump gave out stimulus money to Americans? Or PPP loans were forgiven for businesses?
i thought only congress could spend $
This should be illegal! This is nothing more than a desperate party trying to buy votes!
HA! Ya think!!!!!
Well, ain’t that the way politics work? GOP rezoning voting districts to garner votes. What’s the difference?
Lol you mean like big oil does to buy the politicians you like?
Because Democrats are the only ones with student loans?
Quid Pro Quo Joe. Only this time he is buying votes instead of ousting a Ukrainian Prosecutor.
That’s just pathetic!
then he needs to forgive all the loans, because that's how much my vote costs.
If college kids need debt forgiveness and think that this is for them, they should ask for a refund not forgiveness. It’s using tax payers money to buy votes. Plain and simple. Worse yet the cost gets passed on to the next generation.
Guess I would rather have POTUS reward students than what the GOP did, which was reward the wealthy and Corporations. Remember the 2017 TRUMP TAX CUT! I’m sure you forgot! FoxNews
My vote is for sale! Just like all the politicians that vote for issues because some corporation paid them off
Wait till I tell you about FDR...
Lol so when are you going to stop crying
Tell those waiting for a government free ride get off your ass and get a Fu****g job.
50% of student loan borrowers are in fact Republican
“Delivering on election promises so we keep voting for them” there. I fixed it for you.
While hard working Americans suffer the highest inflation in 45 years! Why don't he pay off our mortgages?
The Democrats are so desperate they would sell the tax payer's souls to the devil if they needed to. They're not going to fool anyone. Biden is by far the worst president in the history of the US.
Hellllll yea!!!!!
What about Kemp trying to buy votes with the illusion of 5000$ salary increase for Ga state employee. They took back half of what they gave.
Didn’t Trump initiate the student loan pause? And use an executive order to extend it around this same time 2 years ago prior to an election? But I guess that doesn’t count towards “buying votes” on his part. Right.
Bullshit. If anyone bought votes, it was Republicans with their $1.6T giveaway to the rich.
Ah oh. Republicans, your nerves are showing.
Kids don't want to work, they feel entitled to stay at home and watch their blue-collar Dad or Single Mom work to pay their bills. Let's get these kids into the military, or a government run fat farm ASAP. We need to push for a military draft, they need men, women or whatever..
Well it works, maybe Republicans should try forgiving MORE debt
He always says he was going to do it. It was a promise
10k ? Lol not going to buy a lot of votes there…go big or go home.
Loan forgiveness was his election platform . You are angry at a President trying to keep (part of) an election promise. I guess after 4 years of Trump doing the opposite to his promises, yes it seems weird
Yeah. Forgive all of the RICH people making 7 figure incomes who can afford to repay their loans and yet won't. Doctors, Lawyers, Donors. I saw a 60 Minutes report one time about getting loans through the Government by promising repayment by working in poor areas. Most never do.
White Republicans only
Open boarders too
Like there was a doubt?
yeah, kinda how politics work, the more you help the more votes you get, no?
There’s bound to be fraud in giving these loans and there will be Democrats who repaid their loans who won’t be happy with Biden’s giveaway.
As someone else said, Biden is using those that could not afford to go to college or chose not to go into debt to pay off loans for those who decided to go into debt. Taking care of the elite as usual.
Dems and joe traitors. President Trump best president ever
democrats are creating 100% destruction of themselves
It is called keeping an election promise, but you wouldn't know anything about that.
Yeah. And Herschel Walker didn't offer gas for votes, right
“President Biden fulfills a campaign promise that 81 million people voted for”
This is how he got votes
That would be great! I will vote for him. Now I know how the billionaire felt when they got a tax break they didn’t ask for but welcomed when it came. Thank Mr. President. President Biden not djt.
Trump used tax breaks to billionaires to buy votes and court money to flow into the RNC. Hmmm, politics as normal except this move helps everyday citizens. Eliminate all student debt over 10 years old.
Don’t start this battle of “policy that buys votes,” you will lose.
JoeBIdennusinghome
Wow if anything 10k means tested will lose votes! He campaigned w a bunch of positive changes for the predatory lend system, none of which has happened and of course the 10k/ borrower promise . Let’s see tomorrow if he honors that!
No Shit
Acting like it won’t positively affect Republicans is doing them a dishonor. How many will it help in rural areas where they did go to college but have a local economy that doesn’t provide enough?
You do realize there are students that are Republican that will benefit from any student loan forgiveness. Doesn't buy their votes now does it. This is a POTUS who works for all of us & not just some of us.
He’s also gonna lose a bunch.
If he was, he'd cancel more.
I’ll take it to benefit me, and still not give him the vote. Win-win 😁 another dub for GenZ! Thanks boomers!
So the repubs installed voter suppression, gerrymandering to win elections
Interesting not one Republican is upset with Trump continuing to ask for donation when he is under investigation for possible espionage. He asks for executive privilege when he has none. This investigation puts his entire time in Office in question.
Not to worry, 10k will not help borrowers on IDR/IBR repayment plans. POTUS is following SoFi’s plan. They make $ from student loan refinancing. They like the plan. His base will not benefit.
Better than using white supremacy. Or Russian assistance. Or the promise that trickle down economics will finally work.
Deuteronomy 15:1. At the end of every seven years you (debtors) shall grant a release.
Republicans buy votes with tax cuts to the wealthy, so what's your fucking point
What's the plan to pay for all this debt the students don't have to pay for now? Guess I'll have to get one of these future free college degrees to figure that out
Huge Tax cuts that greatly favor billionaires....stimulates the economy! Then you claim student debt relief is just buying votes? Welcome to Bizarro world.
The pubs need that money for more GI Bill bribes to turn students into dead soldiers.
Great! Anything to fuck over the GOP. I am for it!
LOL. Trump bought off farmers and the rich with the tax breaks, so......
From an entertainment company, I expect nothing less
Sounds like ya boi, GovKemp!
Right, instead of the GQP plan to extend fascism. Vile.
This was on his platform when he ran. Forgiveness for 10 k and fix the public service student loan program. Promises kept. Not buying votes.
Thanks for explaining how politics works.
Republicans buy votes by saying no to anything Democrats propose. Nothing new here, moving on. They can't even vote to give Veterans additional benefits because of burn piles. Until public opinion scorched their butts!
This is mostly for people who took out hundreds of thousands of dollars in loans, majored in political science and gender studies, and are now unemployed living in mommy's basement right.
Truth
It's better then beating people up, like trumps wants his people ta do, beat them up, I'll Pay for your lawyer fees, 700 people in jail, still waiting for trump ta pay for their legal fees
Lol, it's called democracy, yall. Noone votes for a politician in any democracy that doesn't promise anything. That's literally the whole point. Biden made a promise so its time to deliver. The End.
Oh you mean like Trump wanted his signature on covid relief checks? Or when he bribed his rich donors with the Tax Scam, so they'd keep pouring money into Republican pockets? No, this is something the Biden Admin has been working up to since before taking office. Try again, liars
So a form of reverse mass campaign finance eh ? sounds deceptive for sure.
But, we are paying the Bill! Not Biden, demand an amendment for a flat tax and make Congress live within it's budget. Stop make us pay
Sounds like good business
If fox saying it’s a bad idea it means it’s a great idea
It would help so many people! Do you not care about the people who are struggling in this country? Guess not. You've made enough money off of us. Time to stop relying on us to pay for your nonsense.
only democrats go to college? That would explain the right's lack of education...
And ! !
And stealing 300 classified docs. And incited a riot on the capitol! And lost the presidential election in a landslide! Oh wait. That was trump.
Only democrats went to college? Damning indictment of what you really think of republicans.
Go away, Kevin. Sick of Fox Not News.
When will there ever be an honest report on anything from fox? Personally it would be great if all that tax money that corporations and the wealthiest don't pay was funneled into programs to lift all communities up instead of being used to buy yachts, 10 vacation homes, or viagra
I mean, your guys are bought by gun lobby money. I feel like you're in no position to cast stones.
You all are pathetic.
If he does that then he needs to give every American who didn't go to college the same amount of money!!!
this suckers need to pay their debts
Dude looks like a foot. Get the man some vegetables! Also, gfy
He's playing Russia Roulette with our money!
studentloans
Don’t worry I have $9,500 student loan debt and tomorrow I might be debt free thanks to Biden, but I still won’t vote for him in 2024 JoeBiden studentloans
Remember the Trump welfare checks to farmers? lulz
This is what he ran (and won) on. A break for the middle class always gets conservatives up in arms.
Is it 'buying votes' if you're actually delivering for those in need and listening to constituents? 🤔
Sort of like GOP forgiving trillions of owed tax by corporations to keep donor money rolling in.
My vote is unashamedly for sale
Well I certainly hope that's what he's doing!
Asinine take lmao.
Imagine thinking doing the popular thing is buying votes. Like he’s doing what he’s supposed to do, giving people what they want. Maybe Repubs could win an election or two if they did something popular instead of listening to conservatives
Man, can you believe someone would use personal finances to buy votes
Hmmm lots of Christians on FOX talking about how they don't want debt forgiveness for others - when their entire life is based on debt forgiveness to get into heaven.
Student debt is the one debt that cannot be discharged. This could unsaddle many people who’s degrees are not useful in the new economy and allow them to reskill.
Thank you, Biden.
considering i have 200k in debt, yeah, i'm gonna vote for the guy who is going to try to help me with that as opposed to the guy who is stashing government docs in his mega-mansion. thanks tho.
WRONG!!! I still won't vote for him. But him canceling student debt is a good start.
Republicans: “America first!!!” Democrats: “Ok!” Republicans: “No, not like that…”
Fox sucks!
Another freebie to buy votes
*Biden does nothing* 'he's the worst president in history!' *Biden does something* 'he's trying to buy votes! How dare he do that thing voters specifically asked him to do!'
So....republicans dont go to college and have loans to forgive
This is racism and bigotry against all Americans who have paid back their debts against loans
As opposed to rewarding billionaire campaign donors who don't need the money. Nice to know Fuchs's political priorities.
Stop bailing out the banks and bail out the working class. I'm in my 50s, live paycheck to paycheck, no retirement, can't get a home loan, student loans with a 8 percent interest rate that have doubled since the 90s. There's many older working class Americans in the same position
I love how when a President does a service for the people, the right drags it through the mud to taint it… but when Cheeto puff gets raided by the FBI, totally unjust and not cool. He’s being treated unfairly. Lmao it’s obvious FoxNews only cares about the super rich.
And the Republicans never use anything to buy votes, right? Give us a break.
Nooooooooooooo doing things to help people who voted for you noooooooooooooooooooooooo
Something good happening is buying votes? Buy away people because we need more good in this world!!