South Dakota U.S. Representative Dusty Johnson (R) issued a statement following the Biden Administration’s announcement today (Aug. 24, 2022) to cancel $10,000 of student loan debt for individuals making $125,000 a year or families earning up to $250,000. This action is estimated to cost U.S. taxpayers up to $300 billion.
“This decision is a slap in the face to the millions of Americans who did the right thing and paid off the student debt they willingly took on,” said Johnson. “Where is their $10,000 free pass? The administration’s willingness to spend, spend, spend is baffling – President Biden is making inflation worse with every stroke of his pen. Congress should focus on long-term solutions to the high cost of education. This is nothing more than a political giveaway as Democrats look down the barrel of a Republican majority come November.”
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