A leading Republican senator is railing on President Joe Biden following reports that his administration is considering yet another moratorium on student loan repayments long after financial hardships caused by the COVID-19 pandemic have passed.
Sen. Tom Cotton (R-Ark.) noted on Twitter that the payment freeze is "an insult" to responsible Americans who pay their debts and their bills, The Hill reported.
“President Biden’s perpetual student loan payment moratorium is an insult to every American who responsibly paid debts,” Cotton wrote in a tweet. “There’s no free lunch: this reckless move puts taxpayers on the hook for billions.”
President Biden's perpetual student loan payment moratorium is an insult to every American who responsibly paid debts.
There's no free lunch: this reckless move puts taxpayers on the hook for billions.
— Tom Cotton (@TomCottonAR) April 5, 2022
The Hill added:
The Biden administration is expected to announce an additional extension of the pause on student loan payments this week, multiple sources told The Hill. The extension would prolong the moratorium on federal student loan payments and interest growth past the current expiration date, which is set for May 1.
The last time the moratorium was extended was in December. It was first enacted under former President Trump in March 2020, at the onset of the pandemic, and has since been extended five times.
The student loan pause was first implemented in an effort to provide relief to Americans who had difficulties making payments.
There is literally no reason to put taxpayers on the hook for what is actually more than a trillion dollars in loan debt because the employment situation in America today is far better than it was just a year ago when the country was still recovering from pandemic-related closures and shutdowns.
The current unemployment rate in the U.S. is 3.6 percent -- it was 3.4 percent in February 2020, right before Americans were lied to and told that we needed just "two weeks to stop the spread" of the novel coronavirus. So in other words, the country is essentially at full employment, and in fact, employers are actually competing for workers.
The excuse that there aren't enough jobs to go around and Americans are at risk of starving if they pay their loan is bunk. But not only that, allowing Americans who have student loans to go without paying them sends the wrong signal to society as a whole -- that you're somehow not responsible for your own debts.
Former Fox News host and current top-rated podcaster Megyn Kelly blasted the Biden regime and far-left Democrats like "one-trick pony" Rep. Alexandria Ocasio-Cortez of New York for continuing to allow Americans to be irresponsible with their student loans.
During an interview on her Tuesday podcast, she spoke with “Ruthless” podcast hosts Comfortably Smug, Josh Holmes and Michael Duncan about November’s midterm elections and how she believes Republicans should do well, while also going on to address the administration's student loan moratorium.
“Everything’s free, we should go back to our socialist roots and then the Democrats won’t be facing a blood bath in November,” Kelly said. “Didn’t you guys have someone pay for your college?”
“I remember being a bouncer at a college dive bar and bouncers are the guys who have to clean the bathrooms,” Smug said.
“I don’t think that’s true, Smug,” Kelly joked. “I feel like somebody took advantage of you.”
“Everyone else in this country has always figured out a way to budget for their education and again it’s progressivism masquerading as compassion,” Smug continued. “No it’s not – it’s a handout to the wealthiest, liberal, coastal. It’s like the liberal coastal elite embodied.”
Kelly shared a personal story -- about how her father died at 45 years of age when she was still in high school and her two older siblings were already in college. She said her mother struggled to help them pay for their education, adding that they each also had to take out loans they eventually repaid.
“So, do I think now that I would’ve been better if the federal government had stepped in?” she asked. “It would’ve been nice but I don’t think the neighbors should have to pay for my college education. My mom made a sacrifice. We took out loans too but we paid them back!”
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