London Daily

Focus on the big picture.
Thursday, Jul 31, 2025

Bernie Sanders says Republicans complaining about student debt forgiveness didn't complain when Donald Trump declared bankruptcy 6 times

Bernie Sanders says Republicans complaining about student debt forgiveness didn't complain when Donald Trump declared bankruptcy 6 times

It's the war of loan forgiveness, as Republicans and Democrats continue to go back and forth over President Joe Biden's decision to relieve student debt.
Vermont Sen. Bernie Sanders weighed in on Friday with a typically fiery response.

"I hear Republicans complaining about $20,000 in student debt forgiveness. Funny, I didn't hear those complaints when Trump declared bankruptcy 6 times & had $287 million in loans forgiven by big banks," Sanders tweeted. "The GOP l-o-v-e-s socialism for the rich, rugged individualism for the rest."

On Wednesday, Biden announced up to $20,000 in student-loan forgiveness for Pell Grant recipients making under $125,000 a year, along with up to $10,000 in relief for other federal borrowers under the same income cap. As expected, Republican lawmakers were quick to slam the announcement, with many arguing the broad forgiveness is costly and unfair to taxpayers.

It's a criticism that Biden himself was quick to rebuke, questioning the fairness of taxpayers subsidizing tax breaks for multi-billion dollar companies and pointing out the GOP lawmakers who received business loan forgiveness during the pandemic.

The Washington Post reports that Hillary Clinton was correct to assert in 2016 that Donald Trump had "taken business bankruptcies six times." Trump had said it happened four times, and told the Post that he was tallying the first three bankruptcies as one. The New York Times found in a 2020 analysis of his tax returns that Trump had around $287 million in debt forgiven.

Sanders is not the first Democrat to scrutinize GOP pushback on Biden's relief. After Senate Minority Leader Mitch McConnell called the president's student-loan forgiveness "astonishingly unfair," Massachusetts Sen. Elizabeth Warren was quick to respond by noting that when McConnell graduated from University of Louisville, he only paid $330 in annual tuition.

"Senator McConnell graduated from a school that cost $330 a year," Warren wrote on Twitter on Thursday. "Today it costs over $12,000. McConnell has done nothing to fix it — and is irate that the President is stepping up to help millions of working Americans drowning in debt. He can spare us the lectures on fairness."

The White House itself has also taken to Twitter to call out some Republican lawmakers by name — those who have complained about Biden's relief while also having gotten their Paycheck Protection Program (PPP) loans forgiven. While GOP Sen. Marco Rubio wrote in a Friday op-ed that PPP loans and student loans are not comparable, National Economic Council Deputy Director Bharat Ramamurti said "we absolutely think it's a fair comparison."

The Education Department is set to announce further details on Biden's relief plans in the coming weeks, and an application for the loan forgiveness is set to become live in early October.
Newsletter

Related Articles

0:00
0:00
Close
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
×