On 10/1/2022 evening, President Joe Biden & VP Kamala Harris delivered remarks at the 2022 Phoenix awards dinner. Dr. Jill Biden and Kamala Harris’ husband Doug Emhoff joined Joe Biden at the Walter E. Washington Convention Center in DC. During the Congressional Black Caucus Foundation event in Washington D.C., Biden compared his executive action to cancel $10,000 of federal student loan debt for certain borrowers making less than $125,000 per year, and up to $20,000 for Pell Grant recipients, to the Paycheck Protection Program (PPP) established by the CARES Act, which passed Congress with bipartisan support during the Trump administration. Biden again slammed Republicans who received small business relief loans PPP but now criticize his action to forgive hundreds of billions in student loan debt.
Several Republicans who are now critical of Biden’s student loan handout ran small businesses, or were associated with companies, that applied for and received PPP loans in 2020 and 2021, which have since been forgiven. “I don’t wanna hear a word from those members of Congress, if you notice, whose families got tens of thousands of dollars and several million dollars … ” Biden said. “The same ones criticizing. Give me a break. Come on.”
During his address, Biden also slammed Republicans for criticizing him over the Inflation Reduction Act, a climate and health care bill that experts predict will do little to curb inflation. “I’m so sick of Republicans saying we’re the big spenders. Give me a break. Give me a break,” Biden said, claiming the bill will reduce the federal deficit by $300 billion over the next 10 years. Biden claimed his Green New Deal that was repackaged as the “Inflation Reduction Act” – which does NOTHING to reduce inflation is “the most aggressive action to confront our climate crisis ever in all of human history ever.” “As a result, we can afford – I know I’m getting banged up by the Republicans, but bring it on – we can afford to cancel $10,000 in student debt and 20,000 bucks if you had a Pell Grant for Americans making under $125 grand,” he said.
He also said, “Know I’m being banged up by the Republicans, but uh, come bring it on,” Biden said.
The New York Times published an article about the comparison, “”The P.P.P. loans were effectively designed to be forgiven. The federal government offered them without the traditional standard of vetting for business loans in an effort to quickly distribute money to businesses that were struggling … Nearly every company with 500 or fewer workers qualified for the low-interest loans, which were forgiven so long as the money went to permitted costs.”
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Biden: not a joke; Harris giggle; Compare student loan handout to PPP; To GOP: Come Bring it On