Tom Kean (and a top Obama advisor) slam Biden’s student debt cancellation

Tom Kean (and a top Obama advisor) slam Biden’s student debt cancellation

It’s safe to say that Joe Biden’s decision to unilaterally cancel as much as a trillion dollars in federal student debt isn’t universally popular, Save Jerseyans. Far from it.

Here in New Jersey, embattled Democrat incumbent Tom Malinowski of NJ-07 came out against Biden’s executive action. Malinowski’s Republican opponent Tom Kean Jr. was less restrained in his criticism of the cancellation order, and he warned Malinowski to withhold his support.

The proposal is forecasted to cost between $300-$980 billion, paid for by the middle class, with most of the benefits going to the top 60% earners,” said Kean on Wednesday. “Our Biden-acolyte Congressman should not support this.  If he does, it will continue his pattern of selling out the middle class in exchange for another priority from the far-left’s wishlist. Here’s the reality: debt doesn’t go away, the burden simply gets shifted to someone or somewhere else.  We need to fix the outrageous cost of higher education in this country, not force the burden of debt onto people who didn’t incur it.  November cannot come soon enough because Washington, DC is very broken.”

But it’s not just Republican challengers and scared Democrats coming out against this thing.

“Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless,” tweeted Jason Furman, who served on President Barack Obama’s Council of Economic Advisers. “Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse.”

So yeah, maybe debt cancellation will save some Democrats this November?

I think there’s also a chance it backfires, folks. Stay tuned.