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PoliticsAugust 24, 2022
Karine Jean-Pierre won't tell Doocy who's paying for student debt bailout but swears WH is being responsible
Joe Biden announced his scheme to pay off student loan debt for people who never paid off their student loans--loans they took out for useless degrees they were never going to make enough to pay back. The idea has always been terrible. It was terrible in 2019. It was terrible in 2021. It was terrible earlier this year. AND it's terrible today while we face record inflation and Joe Biden just signed an "inflation" reduction act that is guaranteed to increase inflation.
So, how can Americans pay for this? Dafuq if Karine Jean-Pierre knows. Though, Doocy tried.
DOOCY TIME, part 2: "About the student loans, how can the country afford such a massive handout?"
KJP: Yeah, well, you know, ambassador rice said that she is happy to have that discussion...If you look at what this President has done...we have...brought down the deficit." pic.twitter.com/pbLVNtQyAi
— Curtis Houck (@CurtisHouck) August 24, 2022
Funny to bring up Susan Rice. She also said she has no idea how much this will cost or how much the American people will have to pay for this scheme. KJP didn't have any idea, either. And I know this next part will surprise you, but she also never even tried to form an intelligent answer.
Doocy: "But someone is paying for it. Who?"
KJP: "I just--I just laid out. I just laid --"
Doocy: "Who?"
KJP: "--out for you. No, Peter, I just laid out for you how we're seeing this process and why this matters."
Doocy: "Wealthy Americans? Big corporations? Who's paying?" pic.twitter.com/aYsEeYrt2Q
— Curtis Houck (@CurtisHouck) August 24, 2022
The gist of KJP's dodge is that thanks to all the government spending Joe Biden did this year, he lowered the deficit. Two problems. One, that's been fact-checked as not true. The deficit was always coming down regardless of what Biden did. If anything, this is him blowing it back up again.
Two, Barack Obama's top economic advisor calls bullsh*t on, well, all of it.
Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless. Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse.
— Jason Furman (@jasonfurman) August 24, 2022
Contrary to what you may have heard from the media today, the red supernova is still coming. The White House ensured higher inflation and higher costs for the middle class, all while their base of upper-income, coastal elitists gets bailed out by your tax dollars. Voters don't like it when that happens.
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