How Biden’s student loan forgiveness plan could affect midterms, economy

ABC News’ MaryAlice Parks and Deirdre Bolton break down the impact from President Joe Biden’s plan to forgive student loan debt for millions of Americans.

[markwilliams]

Federal government doesn’t have any money. It’s Taxpayers money, Remember that in November.

[lozu]

My wife recently paid off her huge student loans a few years ago. She is in her early 50s. Now she has to pay other peoples student hloans via taxes; totally unfair; I can’t stand this administration

[JD-ejzm]

So we’re going to be stuck paying for other’s bad choices going into debt, you’re shipping Ukraine 80billion, when exactly is the majority of America going to get help? Clearly America is last as usual!

[kevincosma]

What a great idea! The college graduate that now makes $250, 000 a year will now have their college loans paid for by the waitress who makes less than $30, 000!

Got to love those Democrats! They sure care about the middle class

[davidcason]

We worked hard to pay for my kids to go to collage. We sacrificed doing and having things to save money for this. Now I am being told I should not have done that. Each of my three children could have gotten $20k to start their lives but instead I am paying for somebody else. Somebody else I don't even know and who could be bothered to save for this. This is completely unfair. I hope the Biden Admin will pay me back the $60k that he owes me.

[mrcpaddler]

Kinda bothers me that me and others went to trade school (we all paid our own way) and now we have to pay for the loans of all those college kids who got useless degrees. I do plumbing, and I work my butt off. I wanted to go to college and do engineering, but the tuition cost was out of my reach. Even state college was expensive. But now I have to pay for the people who got psychology degrees and work at Starbucks. That's just great.

[ghostsniperable]

This just makes me more furious and eager to vote Republican in the Mid-terms.

[Sinlock]

Do you ever notice that the corporate media spends an awful lot of time convincing us that things that are good for the working and middle class are actually bad for the working and middle class?

[Mypresident]

Hahaha 😂😂😂😂😂
Only feebles would change their minds because Biden has chopped off their debts, because it's called burden shifting in economics where is the money going to come from .

[oxpnuhk]

Sounds like the cost of college just went up 10k🙄

[kek]

The interesting part is what this really does is spread that debt out to those who did not receive the benefit. Well done democrats, well done at playing class warfare.

[georgejungle]

Just made things worse for America now and worse for our kids in the future. Joe, please stop destroying the country 😢

[ANSNify]

can't wait to see how this turns out in November

[bpm]

Well damn, why not payoff mortgages and car loans and credit cards too while you're at it? No reason to be responsible for yourself anymore. Sheesh, what a joke.

[davemulka]

Wow, pretty expensive way to get votes eh? Bend over middle class, again

[kenamaro]

Think I'll go to the Lamborghini dealership, sign all the paperwork and drive one out. I can't afford one but I want one. I'm hoping my neighbors will pick up the payments.

[honeyfurfarm]

It will affect the midterms, I'm 100% NOT voting for Biden.

[kemattj]

A major smack in the face to all of us who got second jobs and cut corners everywhere just to pay off our debts like responsible adults do.

[k_salter]

Good !!! The banks and corps get bailed out all the time. It's about time someone helped these young people instead of trying to suck their wallets dry.

[lexlovedaville]

To compare school debt to PPE loans for small businesses during a national emergency is outrageously offensive. People choose to go to school with an understanding of the debt, no business owner choose to shut their doors to the public for over a year.