Former President Donald Trump released a statement on Wednesday slamming President Joe Biden for orchestrating "another election enhancing money grab... to the tune of $300,000,000,000," referring to Biden's announcement that Americans may receive $10,000 of student loan debt forgiveness.
"Joe Biden and the Radical Left Democrats have just orchestrated another election enhancing money grab, this time to the tune of $300,000,000,000—and just like I predicted, it’s coming right out of the pocket of the working-class Americans who are struggling the most!" Trump said in his statement.
"Crippling inflation, unaffordable energy prices, and WAR—all things that should never have happened. But if that wasn’t enough, now Americans are bailing out College Administrators who fleeced students, and those who opted for Degrees there was no way they could afford," he wrote.
"America is a nation in decline, and the cliff into oblivion is within sight. Stop voting for Democrats! MAKE AMERICA GREAT AGAIN!" Trump concluded.
Biden formally announced the cancellation of $10,000 to $20,000 of student loan debt per borrower on Wednesday, saying that he was providing "more breathing room for people so they are less burdened by student debt." Biden claimed that around 90 percent of those that would qualify for the relief make under $75,000 per year.
Biden: "The cost of education beyond high school has gone up significantly ... Many states have cut back support for their state universities, leaving students to pick up more of the tab." pic.twitter.com/JNx7T8A6EH
— The Post Millennial (@TPostMillennial) August 24, 2022
"Here's the deal. The cost of education beyond high school has gone up significantly. The total cost to attend a public four year university has tripled, nearly tripled in 40 years, tripled. Instead of properly funding public colleges, many states have cut back their support," Biden said.
In addition to the initial $10,000, those that received Pell Grants would qualify to receive an additional $10,000 in cancellation debt, coming to a total of $20,000.
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