Fox News host Jesse Watters blasted President Joe Biden over his $300 billion-plus taxpayer-funded student loan giveaway after he claimed to have the authority to do away with $10,000 in student loan debt for many borrowers.
During a segment on “The Five,” Watters called the move unconstitutional while arguing that the loan forgiveness would mostly benefit Americans earning six figures.
“I want to congratulate all the rich whites with graduate degrees who are living on the coast making six figures. You really are the forgotten men and women of this country and you finally now have a president who feels your pain,” Watters began in a sarcastic tone. “Spending most of your 20s in school, now finally making close to $125,000. Man, I mean, what would they do without Joe Biden?”
Watters then asked if Americans are really experiencing a fantastic economy like Democrats have tried to portray, then few people would even need to have their student loan debt forgiven at all.
“It doesn’t make any sense. You cannot raid the Treasury and then cut checks to your favorite voters. Where did Biden give the power as the president to spend half a trillion dollars? That’s Congress’ job. He cannot steal Nancy’s purse and then to start bribing people before an election. That’s an abuse of power and it’s unconstitutional. Nancy even said it was unconstitutional,” Watters added, noting that House Speaker Nancy Pelosi (D-CA) said a year ago that Biden as president doesn’t have the authority to forgive any debt, only Congress does.
“This is reverse class warfare. It’s like, I don’t know, you rob the poor to pay the rich. You’re going to get a plumber’s family to pay off the loan of a graduate school family that’s making a quarter million dollars a year? Why should I have to pay, or anybody have to pay, for my neighbor’s graduate degree?” Watters noted further.
“You look across the street, you see your neighbor’s daughter, she just backed into your mailbox, she’s always been an idiot, and now you have to pay for her to get an advanced degree in Estonian poetry? It doesn’t make any sense at all,” he added.
He went on to predict that the $10,000 forgiveness was just the beginning and that forgiving student loan debt is different that tax cuts because the former is so targeted.
“This is a lot different than tax cuts. Everybody gets a tax cut. Everybody that pays taxes gets the tax cut when the taxes get cut. It’s not like Donald Trump cut taxes for males in the swing states of Ohio and Florida and North Carolina three months before the midterms,” he said.
"You can't raid the treasury and then cut checks to your favorite voters. Where did Biden get the power … to spend 1/2 trillion dollars? That’s Congress’ job. He can't steal Nancy’s purse and then just start bribing people before an election." @JesseBWatters #TheFive pic.twitter.com/8pfenLoe2C
— Virginia Kruta (@VAKruta) August 24, 2022