Joe Biden’s illegal student loan bailout is drawing a lot of criticism. It is giving $10,000 only to select college-educated individuals who have the potential to make $125,000 while all the rest must cover it.
Karine Jean Pierre, White House Press secretary, lies now about the plan in an attempt to make it seem more acceptable. This was not a lying lie. It was an obvious and stupid lie.
Here she is, claiming that this plan “gives relief to 90 percent of Americans that are making less than $75,000/year.”
Karine Jean-Pierre falsely asserts that Biden’s student debt bailout provides relief for 90% of Americans making less than $75,000 per year.
It’s simply not true. pic.twitter.com/KQw5nQQKWd
— RNC Research (@RNCResearch) August 26, 2022
It is absurd. The plan couldn’t possibly apply to 90 percent of Americans making less than $75,000 a year, because 90 percent wouldn’t have pending student loans. She appears to lie to make it seem like the plan would be available to everyone.
Jean-Pierre did not just say it at the White House briefing but also repeated the lie with Don Lemon on CNN. Lemon just nods his head and doesn’t push back on the impossibility of her statement.
Biden Press Secretary Karine Jean-Pierre bizarrely & incorrectly claims Biden’s student loan bailout is “going to help 90%, 90%, of Americans that is making less than $75,000.”
According to Penn Wharton Budget Model, close to 70% benefits go to top earners. pic.twitter.com/f1SSCKqqq3
— RNC Research (@RNCResearch) August 26, 2022
She says Biden wants to give Americans “breathing room.” But, of course, this is a benefit for select, college-educated people to help buy their votes — that’s what this is about. This leaves most Americans out. Not only don’t most Americans get anything, but we also have to pay for the Democrats’ vote-buying effort.
Now, the claim that she may be trying to make is what Joe Biden says here — that 90 percent of the benefit of the program is going to people who make under $75,000.
My student debt relief program will provide nearly 90% of the benefits to those earning less than $75,000 per year.
— Joe Biden (@JoeBiden) August 26, 2022
But since she said it wrong more than once, she either doesn’t understand what she’s saying and/or she’s deliberately lying.
However, as Penn Wharton has noted, even Joe Biden’s interpretation of this is a lie as well. “Between 69 and 73 percent of the debt forgiven accrues to households in the top 60 percent of the income distribution,” Penn Wharton’s model observes.
Bottom line: if this had been about the “poor,” they would have at least done less than $125,000. So, for example, a couple that has 250,000 student loans could be paid $20,000 by the working or middle classes.
But if the White House wants to push KJP’s lie, I think all the people who make less than $75,000 should now be asking the White House: Where is our $10,000 that you just promised us — you just said 90 percent of us would get it. It is not where it should be. It’s yours.
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