[Congressional Record Volume 170, Number 37 (Thursday, February 29, 2024)]
[House]
[Page H752]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          STUDENT LOAN BAILOUT

  (Mr. ROSE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. ROSE. Mr. Speaker, last summer, the Supreme Court of the United 
States ruled against President Biden's student loan handout plan, 
totaling more than $400 billion.
  The High Court determined that taking on that kind of debt, spending 
that much money, must be approved by Congress.
  Despite this, we have seen the administration abuse whatever 
regulatory lever it can find, every executive action they can think up, 
to do it anyway.
  Unfortunately, it is working. In recent months, tens of billions of 
dollars in borrowed money are no longer due for payment.
  Let's be clear. Student loan debt can't be forgiven. It is simply 
being transferred to the American taxpayers, regardless of whether they 
went to college themselves or if they did the right thing and paid 
their own debt off.
  I urge the White House to end this cycle of adding billions to our 
debt with the stroke of a pen. We are already an unprecedented $34.2 
trillion in the hole.

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