SE Nebraska News

WASHINGTON, D.C. – Today, U.S. Congressman Mike Flood strongly criticized President Joe Biden's recent announcement of plans to unilaterally eliminate billions of dollars in student loan debts. Expressing his disapproval, Congressman Flood stated, "Once again, President Biden is overreaching, attempting to cancel billions of dollars of student loans to buy political goodwill."

Flood further argued that the President's actions could have negative consequences, asserting, "His action will not only fuel economic inflation, but it also sends a message to Americans that they do not need to exercise personal fiscal responsibility when deciding whether to pursue higher education." The Congressman labeled the move as "fundamentally unfair," emphasizing that individuals without a degree or who have already repaid their student loans should not be burdened with the financial responsibility for others.

In a show of opposition to President Biden's debt cancelation plans, Rep. Flood highlighted his past actions, mentioning that he, along with more than 120 House Republicans, supported Nebraska Attorney General Mike Hilgers in a legal battle against the President's similar endeavors. The efforts culminated in a victory for the State of Nebraska, as the Supreme Court ruled in favor of the arguments presented, overturning Biden's prior attempts to eliminate student debt unlawfully.

The clash between Congressman Flood and President Biden's policies underscores the ongoing debate surrounding student loan debt cancelation and its implications on fiscal responsibility and economic dynamics in the United States.