‘Party of the Elites’: Charles Payne Rips Biden Admin on Student Loan Forgiveness, Gas Prices

Fox Business host Charles Payne tore into President Joe Biden’s approach to forgiving student loans and combating gas prices Monday.

Payne said the Biden administration is benefitting “the most fortunate” in the U.S. through his consideration to extend a pause on student loans. The president is expected to make a decision on the matter this upcoming week.

“These are the most fortunate people. These are people who are on the path to the American dream,” Payne said. “Why the hell does Biden keep—they got child tax credits last year. They always promoted it. They bring a little black kid up and say ‘look what we’re doing for child poverty. It’s up to 300,000. They get solar panels on their roofs, they get EVs [electric vehicles]. Talk about being a sucker.”

Payne said with a record amount of Americans working two full time jobs and rising costs of utilities, forgiving student loans should not be a top priority. Data conducted by the Committee for a Responsible Federal Budget found that student loan forgiveness would add $250 billion to the federal deficit and likely be inflationary.