Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Bernie Sanders says Republicans complaining about student debt forgiveness didn't complain when Donald Trump declared bankruptcy 6 times

Bernie Sanders says Republicans complaining about student debt forgiveness didn't complain when Donald Trump declared bankruptcy 6 times

It's the war of loan forgiveness, as Republicans and Democrats continue to go back and forth over President Joe Biden's decision to relieve student debt.
Vermont Sen. Bernie Sanders weighed in on Friday with a typically fiery response.

"I hear Republicans complaining about $20,000 in student debt forgiveness. Funny, I didn't hear those complaints when Trump declared bankruptcy 6 times & had $287 million in loans forgiven by big banks," Sanders tweeted. "The GOP l-o-v-e-s socialism for the rich, rugged individualism for the rest."

On Wednesday, Biden announced up to $20,000 in student-loan forgiveness for Pell Grant recipients making under $125,000 a year, along with up to $10,000 in relief for other federal borrowers under the same income cap. As expected, Republican lawmakers were quick to slam the announcement, with many arguing the broad forgiveness is costly and unfair to taxpayers.

It's a criticism that Biden himself was quick to rebuke, questioning the fairness of taxpayers subsidizing tax breaks for multi-billion dollar companies and pointing out the GOP lawmakers who received business loan forgiveness during the pandemic.

The Washington Post reports that Hillary Clinton was correct to assert in 2016 that Donald Trump had "taken business bankruptcies six times." Trump had said it happened four times, and told the Post that he was tallying the first three bankruptcies as one. The New York Times found in a 2020 analysis of his tax returns that Trump had around $287 million in debt forgiven.

Sanders is not the first Democrat to scrutinize GOP pushback on Biden's relief. After Senate Minority Leader Mitch McConnell called the president's student-loan forgiveness "astonishingly unfair," Massachusetts Sen. Elizabeth Warren was quick to respond by noting that when McConnell graduated from University of Louisville, he only paid $330 in annual tuition.

"Senator McConnell graduated from a school that cost $330 a year," Warren wrote on Twitter on Thursday. "Today it costs over $12,000. McConnell has done nothing to fix it — and is irate that the President is stepping up to help millions of working Americans drowning in debt. He can spare us the lectures on fairness."

The White House itself has also taken to Twitter to call out some Republican lawmakers by name — those who have complained about Biden's relief while also having gotten their Paycheck Protection Program (PPP) loans forgiven. While GOP Sen. Marco Rubio wrote in a Friday op-ed that PPP loans and student loans are not comparable, National Economic Council Deputy Director Bharat Ramamurti said "we absolutely think it's a fair comparison."

The Education Department is set to announce further details on Biden's relief plans in the coming weeks, and an application for the loan forgiveness is set to become live in early October.
Newsletter

Related Articles

0:00
0:00
Close
Unelected PM of the UK holds an emergency meeting because a candidate got voted in… which he says is a threat to democracy…
Farmers break through police barriers in Brussels.
Ukraine Arrests Father-Son Duo In Lockbit Cybercrime Bust
US Offers $15 Million For Info On Leaders Of Cybercrime Group Lockbit
Apple warns against drying iPhones with rice
Alexei Navalny: UK sanctions Russian prison chiefs after activist's death
German economy is in 'troubled waters' - ministry
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Tucker Carlson says Boris Johnson wants "a million dollars, in Bitcoin or cash, from Tucker Carlson to talk about Ukraine.
Russia is rebuilding capacity to destabilize European countries, new UK report warns
EU Commission wants anti-drone defenses at Brussels HQ
Von der Leyen’s 2nd-term pitch: More military might, less climate talk
EU Investigates TikTok for Child Safety Concerns
EU Launches Probe Into TikTok Over Child Protection Under Digital Content Law
EU and UK Announce Joint Effort on Migration
Ministers Confirm Proposal to Prohibit Mobile Phone Usage in English Schools
Avdiivka - Symbol Of Ukrainian Resistance Now In Control Of Russian Troops
"Historic Step": Zelensky Signs Security Pact With Germany
"Historic Step": Zelensky Signs Security Pact With Germany
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Tucker Carlson grocery shopping in Russia. This is so interesting.
France and Germany Struggle to Align on European Defense Strategy
‘A lot higher than we expected’: Russian arms production worries Europe’s war planners
Greece Legalizes Same-Sex Marriage and Adoption Rights
Russia "Very Close" To Creating Cancer Vaccines, Says Vladimir Putin
Hungarian Foreign Minister: Europeans will lose Europe, the Union's policy must change drastically
Microsoft says it caught hackers from China, Russia and Iran using its AI tools
US Rejects Putin's Ceasefire Offer in Ukraine
The Dangers of Wildfire Smoke and Self-Protection Strategies
A Londoner has been arrested for expressing his Christian beliefs.
Chinese Women Favor AI Boyfriends Over Humans
Greece must address role in migrant vessel disaster that killed 600: Amnesty
Google pledges 25 million euros to boost AI skills in Europe
Hungarian President Katalin Novák Steps Down Amid Pardon Controversy
Activist crashes Hillary Clinton's speech, calls her a 'war criminal.'
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Trudeau reacts to Putin's mention of Canadian Parliament applauding a former Ukrainian Nazi in his interview with Tucker Carlson.
The Spanish police blocked the farmers protest. So the farmers went out and moved the police car out of the way.
Volodymyr Zelenskiy fires top Ukraine army commander
Tucker Carlson's interview with Vladimir Putin raises EU concerns
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
Russia's Economy Expands by 3.6% Due to Increased Military Spending
Ukraine MPs Vote To Permit Use Of Dead Soldiers' Sperm
German Princess Becomes First Aristocrat To Pose Naked On Playboy Cover
UK’s King Charles III diagnosed with cancer
EU's Ursula von der Leyen Confronts Farmer Protests Amid Land Policy Debates
Distinguishing Between Harmful AI Media and Positive AI-Generated Content: A Crucial Challenge for the EU
Tucker Carlson explains why he interviewed Putin
Dutch farmers are still protesting in the Netherlands against the government, following the World Economic Forum's call for 'owning nothing.'
Hungarian Prime Minister Viktor Orbán stands up for European farmers and says, 'Brussels is suffocating European farmers.
×