On Wednesday, President Joe Biden announced his student loan forgiveness plan of canceling between $10,000 and $20,000 of debt per borrower for those making $125,000 or less.
There was plenty of news media reaction, including from Fox News’ Jeanine Pirro, who stated on “The Five” that the move from the president was “a giveaway.”
Furthermore, she mentioned she did not need to borrow to pay for school because her family footed the bill.
“This is a giveaway way to a group of people the president needs to get elected,” Pirro said, per Mediaite.
“The sad part is there’s no talk of responsibility, no talk about contract law, the fact that you went in and you said you wanted to borrow money, you signed on the dotted line, you agreed to pay.”
Additionally, Pirro expressed it’s contradictory for Biden to boast about the economy while insisting borrowers need relief.
“And yet they’re saying, ‘Look, if you’re from a household of up to $250,000, we’ll give you 10 or $20,000 if you can’t pay back your student loans,’” Pirro said.
Pirro continued by saying the policy is part of “a socialist state” before explaining she feels terribly for individuals who have repaid their loans in full.
“My heart bleeds for the people who actually went out and paid for their loans, who went without things, whose families said, “I’m sorry, we can’t afford to pay for your loans,” Pirro said.
“Look, my family paid for my education. I’m sure they had better things to do with their money. I didn’t have to take out a loan because they paid for it. But they worked hard for their money.”
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at eddie1991razo@gmail.com.
