Sexton Blasts Dem Idea to Forgive College Debt

Buck Sexton, the host of “The Buck Sexton Show” blasted the Democrat idea—pushed by Sen. Chuck Schumer and progressives—to reduce student loan debt by putting the burden on taxpayers.

Schumer said in an interview that President-elect Joe Biden could vanquish the first $50,000 of student debt for Americans and he believes that Biden “can do that with the pen as opposed to the legislation.”

Sexton may have been speaking for the millions of people who have sacrificed and worked to pay back their student loans when he blasted Schumer’s idea.

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“The college debt “forgiveness” Biden’s team is planning is just paying off mostly white lib voters from 3rd tier colleges with worthless humanities degrees,” Sexton tweeted. “It’s a transfer of wealth from welders, plumbers, and general contractors to adjunct professors and MSNBC watchers.”

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Forbes reported on Monday that Biden was asked about student loan forgiveness and said that these students are “having to make choices between paying their student loans and paying their rent…It should be done immediately.”

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He was reportedly referring to the Democrat push to include provisions in the Heroes Act to include the loan forgiveness. Biden has pushed for the forgiveness of $10,000 in debt for all Americans with federal student loans during his campaign.

Republicans have been opposed to the effort and say the plan would add to the record budget deficit.

Schumer has been joined by Sen. Elizabeth Warren in the push, according to the Wall Street Journal.

CNBC reported that student loan debt in the U.S. has increased over the past four years by 16%, from $1.44 trillion to about $1.68 trillion.

Robert Shireman, an Education Department official in the Obama administration, told the Journal, “I do expect that the Biden administration will take some action on student debt outside of anything that happens through Congress. The question is how far they will go.”

Rogan O’Handley, a lawyer who has a large following on Twitter, posted, “I busted my ass for years to pay off over $235,000 in student loans. If anybody’s loans are forgiven, does that mean I get a refund? How is that fair (or legal) otherwise?”