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Student Loan Forgiveness is Misguided

Floor Speech

By: John Rose
By: John Rose
Date: Sept. 13, 2022
Location: Washington, DC

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Mr. ROSE. Mr. Speaker, there are countless successful middle Tennesseans who did not go to college, yet President Biden expects them to pick up the tab for those who did.

It is simply wrong to take hard-earned dollars from blue-collar workers in Tennessee who have no student loan debt just to eliminate some or all of the student loan debts of usually higher paid college graduates. But it is also blatantly unconstitutional for President Biden to unilaterally take this cynical election year action without the required congressional authorization. He is, after all, the President, not our king or dictator.

Further, this misguided decision comes at the cost of more than $500 billion, which will push inflation and the skyrocketing cost of everything even higher and add to the financial pain Tennesseans already feel from the record inflation caused by the President's other disastrous fiscal policies.

I ask the President to please join us instead of fighting us in trying to put our Nation's fiscal house back in order.

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