Former Bill Clinton Adviser Criticizes President Joe Biden's Student Loan Debt Policy; Senators Says Bailout is "Monumentally Unfair"

Paul Begala, a former Bill Clinton aide, slammed President Joe Biden's student loan debt relief on CNN's State of the Union on Sunday, calling it poor policy.

He called President Joe Biden's idea "terrible policy," and cited Ryan as another critic of Biden's plan. Begala described Ryan's race in Ohio as tense,and he couldn't stand this concept.

Other Democrats Join GOP in Criticizing Biden's Student Loan Bailout

Several Democrats, including Sens. Catherine Cortez Masto, D-Nev., and Michael Bennet, D-Colo., opposed the notion, fearing it would harm their electoral chances.

Ashley Allison, the former National Coalitions Director for Biden-Harris 2020, disagreed with Begala, saying she expected voters will turn out for student loan debt relief again in 2020.

Former White House communications director Alyssa Farah Griffin claimed the president's strategy did little to address the core cause. CNN political analyst Scott Jennings says the Biden administration has entered the joker phase.

On Wednesday, the president presented his student loan debt relief plan, which would wipe $10,000 of federal student loan debt for borrowers earning less than $125,000 per year and up to $20,000 for Pell Grant recipients. In addition, President Joe Biden extended the moratorium on student loan payments until the end of December, according to Fox News.

Meanwhile, senators from both parties clashed on Sunday over President Biden's student-loan rescue, with some Democrats joining GOP opponents who labeled it monumentally unjust and supporters claimed the controversial policy ultimately benefited the working class.

Republican Missouri Senator Roy Blunt stated he was the first in his family to graduate from college and agreed that education is vital, but that the president's federal giveaway is still simply lousy economics.

According to the Committee for a Responsible Federal Budget's study of the idea, the cost to taxpayers would be enormous - between $400 billion and $600 billion over the next ten years. Democratic Rep. Tim Ryan, who is running for the US Senate in Ohio against Republican JD Vance, said he understands the strain individuals are under to repay their student debts, but he also believes Biden's idea sends the wrong message.

Democrats are abandoning the blue-collar folks who were once the party's backbone, according to President Joe Biden's answer. Senator Bernie Sanders (I-VT), who has long advocated for tuition-free institutions, said Biden's loan forgiveness leveled the playing field, as per New York Post.

Biden's Student Loan Policy Fails to Get at Core Issue

After initially rejecting efforts to set a price tag, the White House revealed that Biden's plan would cost $240 billion over the next ten years. It comes at a time when the US economy is suffering inflationary pressures not seen since the early 1980s.

Based on the most currently available statistics, consumer goods prices increased by an average of 8.5 percent in July, after rising by 9.1 percent the previous month. During his interview on 'ABC News' This Week on Sunday, Republican Sen. Roy Blunt labeled Biden's plan monumentally cruel.

Ryan cautioned that if the fundamental problem of higher education expenses is not addressed, this will not be the last time the government acts on student loan forgiveness. Ryan's worries appear to dovetail with Republican-led criticism that wonders why blue collar Americans such as truck drivers and construction workers should have their taxes used to pay for liberal arts student loans.

However, he agrees with Biden's Democratic opponents who argue the measures fail to address the underlying issue of out-of-control tuition pricing at colleges and institutions. He urged Biden to instead enact a wider tax reduction to assist Americans at the bottom of the income spectrum, Daily Mail reported.