Pennsylvania production workers find Biden’s student loan unfair

Pennsylvania production workers find Biden’s student loan unfair

Pennsylvania production workers find Biden’s student loan unfair

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President Biden may like to play on his working-class roots in Pennsylvania, but factory workers in at least part of the state of Keystone say issuing $500 billion in White House student loans is a slap in the face to American workers.

Fox News Digital spoke to several works on Thursday about the student debt settlement at the iron foundry Donsco, Inc. in southern Pennsylvania.

“It doesn’t affect the people who are here, the people who are actually doing all the work,” said Jim Davis, a supervisor at the Donsco plant. Biden will “help the people in the bigger cities because that’s what” [he] want.”

Francisco Hernández, a colon cancer survivor who was forced to retire because of 40 years of high inflation, was especially frustrated with the alms.

WHITE HOUSE SUGGERT BIDEN’S $500 Billion STUDENTS LOAN PAID WILL BE PAID WITH EXPENSES

Biden last week announced plans to forgive $10,000 in student debt for borrowers earning less than $125,000 annually.  (Bonnie Cash/UPI/Bloomberg via Getty Images)

Biden last week announced plans to forgive $10,000 in student debt for borrowers earning less than $125,000 annually. (Bonnie Cash/UPI/Bloomberg via Getty Images)
(Bonnie Cash/UPI/Bloomberg via Getty Images)

“Many of those families are rich,” he said. “They have the money to pay it off, so they get a break and they sit on their couch and their kids are stuck with a degree they can’t even use.”

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Biden plans to forgive $10,000 in student debt for borrowers earning less than $125,000 annually. Pell Grant recipients will receive $20,000 in debt distribution, provided their income is below the same threshold.

“Donsco always hires people. These students can always come here in their spare time and work and repay their debts.”

The White House is also extending a pause on student loan payments until the end of the year. Similarly, the Department of Education limits the repayment of undergraduate loans to 5% of a borrower’s monthly income, increasing the cost to the taxpayer of the alms.

“An entire generation is now saddled with unsustainable debt in exchange for an attempt, at least, at a college degree,” Biden said in announcing the award. “That’s what today’s announcement is about. It’s about opportunity. It’s about giving people a fair chance.”

“Once they’ve signed the contract, they have to pay for it,” said Kevin Wasileski. ‘Why should I pay for someone else’s studies?’ (Paul Morigi/Getty Images for We the 45m)
(Paul Morigi/Getty Images for We the 45m)

Tony Bell, an employee of the Donsco foundry, had a different take on the handout.

“I think it’s a bad idea,” Bell said. “Donsco always hires people. These students can always come here in their spare time and work and repay their debts.”

A number of employees also expressed concern about the example Biden set in his handout on personal responsibility.

“Once they’ve signed the contract, they have to pay for it,” said Kevin Wasileski. ‘Why should I pay for someone else’s studies?’

Pennsylvania factory workers say President Biden's $500 billion loan is a slap in the face to American workers.  (Photo by Alex Wong/Getty Images)

Pennsylvania factory workers say President Biden’s $500 billion loan is a slap in the face to American workers. (Photo by Alex Wong/Getty Images)
(Alex Wong/Getty Images)

Wasileski added that Biden’s student loan would likely benefit white-collar workers at the expense of blue-collar workers.

“I don’t think a plumber should pay for free medical training from a doctor,” he said.

The committee for a responsible budget put the cost of the handouts between $440 billion and $600 billion.

White House officials claim the proposal has been paid in full because the deficit is already shrinking. Economists say the White House’s comments and reluctance to outline compensations for student debt payoffs, such as tax increases or budget cuts, indicate that it plans to simply put the money into the $726 billion federal deficit.

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Employees at the Donsco say that just means they’re on the hook for the handout.

“The sad thing is that the rich aren’t going to pay for this [handout]”We are,” Hernández said. “Everything is a gift, but it’s about our debt and the taxpayers are the ones who have to cover it.”

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