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President Joe Biden was reportedly criticized this week by Judd Gregg, a former Republican governor of New Hampshire, for allegedly attempting to “buy votes” with his student debt rescue program.
Last Monday, the U.S. Supreme Court concluded, 6-3, that Biden’s attempt to unilaterally cancel federally funded student loans via the HEROES Act was unlawful.
Gregg addressed the decision in an appearance on Monday’s “Squawk Box” episode of CNBC.
“Forty million people get 20,000 bucks,” he said. “I’ll vote for you to give me 20,000 bucks. And that’s what it is about. That’s what it’s still about. That’s why they’re trying to reform it so they can keep this idea that they’re going to give this huge tax break, this income to all these folks going into the next election.” Gregg said.
“If the Congress wants to give away $20,000 per person to 40 million people and put the rest of the country at risk and increase the debt, and they have the right to do that. But you can’t do it from the executive branch because the executive branch doesn’t have that right under a constitution. And this is just power politics trying to buy votes. It’s that simple. It ought to be called out for what it was.” he continued.