Picking Kamala Harris as his running mate was the first sign Joe Biden was a dangerous incompetent.
Harris proved to be a disaster from day one.
And now Fox News humiliated Kamala Harris by asking one devastating question.
Joe Biden shredded the Constitution, the rule of law, and the concept of personal responsibility by stealing up to $1 trillion from the Treasury to bribe student loan debt holders – who tend to vote Democrat – with up to $40,000 in a tax-free gift to induce them to turn out in November.
Biden’s bailout scheme transfers the debt of 15 percent of Americans who own student loan debt to the 60 percent of Americans that did not go to college as well as Americans who either sacrificed and worked their way through college or paid off their debt.
The money to pay for this student loan theft program is coming from somewhere.
And former Obama administration economic advisor Jason Furman blasted Biden’s bailout plan as fiscally reckless as it would make inflation worse and force Americans to pay higher taxes as a result.
“Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless,” Furman posted on social media. “Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse.
“Most importantly, everyone else will pay for this either in the form of higher inflation or in higher taxes or lower benefits in the future. I did a thread on this last night but given the new announcement you need to double everything in it,” Furman added.
At the failed launch of the Artemis I rocket a Fox News producer asked Kamala Harris where the trillion dollars was coming from to pay for Joe Biden’s student loan election bribe.
Harris made a fool out of herself spewing a word salad where she mixed up Democrat Party talking points in a failed effort to dodge the question.
“Well, let’s start with this. First of all, a lot of the same people who are criticizing what we rightly did in following through on a commitment that we made to forgive student loan debt, are the same people who voted for a tax cut for the richest Americans,” Harris began.
“So when we look at who is benefiting from this, 90% of the people who are going to benefit from student loan forgiveness make under $75,000 a year,” Harris concluded. “And that debt has been the reason that they’re unable to start a family, buy a home and pursue their piece of the American dream.”
A 2018 Factcheck.org statement found that all income groups would benefit from the 2017 Trump tax cuts.
The student loan bailout scheme is especially regressive because Americans with college and advanced degrees are among the most upwardly mobile groups in the country.
Under Joe Biden’s bailout plan a married couple that went to Harvard with a combined income of $249,000 could see up to a $40,000 bailout – all tax-free – paid for by truck drivers, waitresses, plumbers, carpenters and other working-class Americans that never went to college.
Kamala Harris and other Democrats do not want to admit this ugly truth and defend the indefensible.
That’s why Harris’ answer on who will pay for student loan bailouts is so tortured.
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