![]() ![]() Hope was on the horizon thanks to the relief I provided last year that the court snatched away," Biden snapped back at his critics. “A Republican official said student loan relief is a giveaway to the privileged - do you hear that? The privilege! But I know who the borrowers are in this country, and so you do - It’s the couple putting off having a child until they can find a way to deal with their debt or the couple buying their first home…. ![]() What I did, I thought was appropriate, I thought would get done and be done, but Republicans snatched away the hope they were given." While Supreme Court justices argued that Biden "overstepped" his role as the nation's chief executive but disagreed, saying, “I think the court misinterpreted the Constitution.”Īt the end of the conference, one fiery journalist asked the President why he gave out "false hope" to so many Americans - as so many had been counting on this program to go through, and millions had applied online.īiden responded: " I didn’t give any false hope. "These Republican officials just couldn’t bear the thought of providing relief for middle-class families," Biden said in a direct shot against the opposing party. ![]() Republicans and special interests stepped in and said no." 16 million people have already been approved. 90 per cent of those making less than 75,000 a year would qualify, and no one making over $125,000 would quality… applications were set up. On average, the amount forgiven in PPP was $70,000, and now a kid making $60,000, trying to pay their bills, asking for $10,000 in relief… come on, the hypocrisy is stunning.” Biden blames republican party for nixing his debt relief programīiden was as fiery as the 80-year-old President could get when he approached the topic, telling reporters and those watching: "Last year I announced my student debt relief plan… up to 10k for many borrowers and 20k for others…. “I was trying to provide students with $10,000 to $20,000 in relief. But… my program is too expensive?” a very irate Biden singled out the GOP during his announcement to the public. Some of the same Republicans got hundreds of thousands themselves in relief for the businesses they owned. “We all supported the PPP (Paycheck Protection Program), which was designed to help business owners hurt by the pandemic. He announced it last year, and 26 million people applied. Bryan Olin Dozier/NurPhoto/REX/Shutterstock)īiden's plan would have cost the government $400 billion over 30 years. ![]()
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