AOC blasts Biden’s ‘ridiculous’ stance on student loan forgiveness

Despite campaigning as a relative moderate, President Joe Biden has earned himself a reputation among conservatives for often aligning with the more radical wings of his party. Apparently, however, some progressive Democrats don’t think he’s gone far enough.

In a speech on the House floor Wednesday, New York Rep. Alexandria Ocasio-Cortez (D) took aim at Biden for his failure to act on the issue of student loan forgiveness.

“It’s teenagers signing up for what is often hundreds of thousands of dollars of debt,” Ocasio-Cortez said, according to Fox Business. “We just do that. Our government allows that.”

She went on: “We give 17-year-olds the ability to sign on and sign up for $100,000 worth of debt and we think that’s responsible policy.”

“A ridiculous assertion”

Biden has previously suggested that student debt cancelation would benefit the wealthy, with Fox Business reporting that he said during a CNN town hall event last year the policy would involve giving money to “people who have gone to Harvard and Yale and Penn.”

Ocasio-Cortez, for her part, made clear that she has little regard for such concerns.

“I’m greatly looking forward to the Biden administration canceling student loan debt and no longer advancing the false narratives that student loan debt is for the privileged,” she declared, as Fox Business reported.

“What a ridiculous assertion,” the congresswoman insisted. “Do we really think that a billionaire’s child is taking student loans?”

A divide among Dems

Despite not embracing loan forgiveness, the Biden administration has moved to extend a moratorium on payments for loans managed by the U.S. Department of Education until January 2022, The Daily Wire notes.

“This will give the Department of Education and borrowers more time and more certainty as they prepare to restart student loan payments,” the White House said of the move. “It will also ensure a smoother transition that minimizes loan defaults and delinquencies that hurt families and undermine our economic recovery.”

The Daily Wire also reports that Biden is not alone in showing reluctance when it comes to student loan forgiveness; House Speaker Nancy Pelosi (D-CA) said in July that the move could lead to resentment.

“Suppose your child at this time does not want to go to college, but you’re paying taxes to forgive someone else’s obligation,” she remarked. “You may not be happy about that.”

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