Politics
Column: Are Republicans who got pandemic debt relief hypocrites for complaining about student debt relief? Yes
You may have noticed over the last few days that the political world is in an uproar over President Biden’s dispensing of student debt relief.
It’s not so much that Biden implemented the relief program at all; what got politicians and pundits in a tizzy was that he called out the GOP naysayers in the House by pointing out that many of them had received business loans via the pandemic-era Paycheck Protection Program, or PPP, that had never been paid back.
The White House tweeted out the forgiven PPP balances of 13 GOP House members critical of student loan relief, under the heading, “This you?”
The PPP helped people remain employed while the government literally shut down much of the economy,. Only an intellectual clown would compare that to what Biden is doing now with student loans.
— Rep. Ralph Norman, R-S.C., recipient of $616,241 in pandemic relief
That’s a really unfair comparison, the argument goes, because the PPP loans were never intended to be paid back. Under the program’s terms, the loans would be forgiven if the money was used to support the workers of a small business that had been forced to close or curtail operations because of pandemic restrictions.
In other words, it’s said, the PPP money was never expected to be repaid. By contrast, student loans were taken out in full expectation that they would be repaid — if not for the handouts being distributed by the White House.
“The PPP helped people remain employed while the government literally shut down much of the economy,” Rep. Ralph Norman (R-S.C.), tweeted back in 2022, the first time Biden made this purportedly invidious comparison. “Only an intellectual clown would compare that to what Biden is doing now with student loans.”
Norman received $616,241 from the PPP, according to the White House.
There’s something to be said for the distinction made by the PPP-pocketing student relief critics, but not nearly as much as they claim. More on that in a moment.
This is just another example of how our political press is incapable of telling the forest from the trees, or how it’s perennially distracted by a shiny object. (Insert your own pertinent metaphor here.)
In this case, the shiny object is the idea that it’s Biden who is the hypocrite for comparing the PPP loans to student debt. This misses the bigger picture of how America’s economy is structured to benefit corporations and the wealthy — that is, the patrons of the Republican political establishment — at the expense of average Americans. The pundits who are flaying the White House for making the connection are merely buying a GOP talking point.
Not only right-leaning commentators are committing this error. Not a few progressive-minded writers are complicit. Here, for instance, is Jordan Weissmann of Semaphor, usually a percipient analyst of economics and finance: “The thing about this talking point is that I know everybody in the White House, including the [communications] shop, is smart enough to know how disingenuous it is.”
Let’s take a closer — and a broader — look.
The comparison between student debt relief and the PPP loans first emerged in 2022, when Biden first announced his plan to forgive up to $20,000 in student debt for households with incomes of up to $125,000. The White House then issued a series of tweets targeting GOP critics of student debt relief whose PPP loans had been forgiven.
The Supreme Court invalidated Biden’s original proposal in 2023. Chief Justice John G. Roberts Jr. wrote for a 6-3 conservative majority that although the law gave the secretary of Education the authority to “waive or modify” the terms of student loans, the White House had gone too far.
After that, the administration implemented a new program, the SAVE plan, that limited monthly repayments on student debt for most borrowers to as little as 5% of their income and ended payments for borrowers living near or below the federal poverty standard. After as little as 10 years, the balance on loans originally totaling $12,000 or less will be permanently forgiven.
The White House issued this roster of GOP politicians who criticized Biden’s student debt relief program but got their pandemic relief loans forgiven
(White House)
The issue erupted again a few days ago when Biden announced new features of his student relief program. They included waiving some accrued interest for borrowers whose balances had grown higher than their original debt, generally because their payments hadn’t covered the accumulated interest — an issue that affects more than one-third of all student borrowers, and two-thirds of Black borrowers.
For the record:
12:22 p.m. April 17, 2024An earlier version of this column incorrectly identified Rep. Andrew S. Clyde (R-Ga.) as a Democrat.
Critics, again mostly Republicans, weighed in again with tendentious lectures on social media about the moral imperative of meeting one’s obligation to pay back a loan.
Rep. Andrew S. Clyde (R-Ga.), for instance, tweeted that Biden’s latest initiative, which will relieve student borrowers of about $7.4 billion in principal and interest, would “transfer millions more in student debt onto the backs of hardworking taxpayers.” Clyde called it “nothing more than a desperate attempt to buy votes with Americans’ hard-earned money.”
Clyde’s $156,597 PPP loan was forgiven.
That brings us back to the hypocrisy issue. It’s true that students who took out education loans are expected to repay them, and that businesses that took out PPP loans were led to believe that they would be forgiven — as long as they were used to support their payrolls through business closings and cutbacks.
But things are not so simple. Critics of Biden’s plan argue that the PPP loans were designed to address an acute economic disaster, which isn’t the case with student loans.
The student loan burden, however, has become an economic disaster. The total amount of outstanding student loans for higher education has ballooned over the last two decades to almost $1.8 trillion today, up from about $300 billion in 2000. Those loans are carried by about 43 million borrowers.
The burden has grown in part because the cost of higher education has exploded. That’s so even at public institutions: In 1970, the average tuition at public four-year universities was $358, or about $2,958 in today’s money. Since then, public university tuition and fees have grown to the point that working families can’t afford them without borrowing.
At UCLA and UC Berkeley, those annual costs come to $13,401 and $14,395 for state residents, respectively. It’s proper to note that the University of California was free to Californians until tuition charges were introduced under Gov. Ronald Reagan in the 1970s. Among the beneficiaries of the old system were former governor and U.S. Chief Justice Earl Warren, diplomat Ralph Bunche, L.A. Mayor Tom Bradley, and writer Maxine Hong Kingston, all children of low-income families.
Public university students today accumulate an average of $32,637 to receive a bachelor’s degree. The overall average of student debt reached $37,600 in 2022, more than double the average in 2007.
The economic implications of this burden are inescapable. Households burdened by high student debt often delay or forgo homeownership and face difficulties in starting a family or building up savings. The debt load also contradicts Americans’ cherished assumptions about the value of higher education.
“The whole premise of the main higher education industry is that a college degree pays off,” Marshall Steinbaum, an expert in higher education finance at the Jain Family Institute, told me in 2022. When some people are still paying off their student loans as they approach retirement, that premise loses some of its oomph.
As for the PPP, it was nothing like the unalloyed boon that its GOP defenders portray. The members of Congress who snarfed up loans by the six or seven figures (Rep. Brett Guthrie (R-Ky.) tops the list of those called out as hypocrites by Biden with $4.4 million in forgiven loans) are beneficiaries of a program they themselves voted for.
Of the 13 on Biden’s list, three (Marjorie Taylor Greene and Clyde of Georgia and Pat Fallon of Texas) hadn’t yet been elected when the PPP came up for a vote in April 2020; another, Mike Kelly of Pennsylvania, didn’t cast a vote. All the others on the White House roster voted in favor. The measure passed the House 388 to 5. Representatives and senators could have exempted themselves from the PPP benefits, but they didn’t. Then they lined up for the goods.
Were the PPP funds invariably used as they were supposed to? There’s reason to be skeptical. Greene, who received a $182,300 PPP loan in April 2020 for her family construction business, donated $250,000 to her own congressional campaign the following June and August. The government subsequently forgave $183,500, including interest.
Did any of those donations come from the PPP? We’ll never know, because days before Biden took office, the Small Business Administration deleted almost all the database red flags designating potentially questionable or fraudulent loans subject to further review. That’s according to the Project on Government Oversight, a watchdog group that based its findings on a government database.
As many as 2.3 million loans, including 54,000 loans of more than $1 million each, thus may have received a free pass. The red flags included signs that a recipient company had laid off workers or were ineligible to participate in the program.
The SBA’s inspector general’s office later disclosed that it had “substantiated an unprecedented level of fraud activity” in the PPP program, but said the mass closeout, as well as the SBA’s habit of forgiving loans before reviewing them for potential fraud, would hamper the agency’s ability “to recover funds for forgiven loans later determined to be ineligible.”
A larger problem in the haste by politicians and pundits to flay Biden for his defense of student loan relief is that their view is too narrow. As I reported in 2022, many of the politicians wringing their hands over how student loan relief burdens ordinary taxpayers received their higher education courtesy of ordinary taxpayers — by attending public institutions at a time when they were overwhelmingly tax-supported.
That’s not all. Republican fiscal policies are almost invariably aimed to benefit corporations and wealthier Americans. The 2017 tax cuts are a perfect example. The richest 20% of Americans received nearly 64% of the tax benefits. The top 1% received a reduction in their average federal tax rate of 1.5 percentage points, worth an average $32,650 a year; the lowest-income 20% got a tax rate reduction of 0.3 of a percentage point, worth $40 a year.
Student debt relief, however, overwhelmingly favors low-income borrowers. According to a 2022 study done for Sen. Elizabeth Warren (D-Mass.), $10,000 in student debt cancellation would reduce the share of people with debt by one-third among the lowest-income 20% and by one-fourth for households among the next 20%. But it would make almost no difference for the richest 10%.
Debt cancellation also would reduce racial gaps in household economics. A $10,000 debt reduction would zero out loan balances for 2 million Black families, the study said, reducing the share of Black individuals with student loans to 17% from 24%.
In other words, student debt relief is a boon for the most economically vulnerable American households. That can’t be said of the PPP program, and certainly not for the GOP tax cuts.
The debate over whether it’s “fair” to juxtapose student debt relief with the millions pocketed by GOP representatives and their patrons is, indeed, a story of hypocrisy. But the hypocrisy is not where our political press has claimed to find it. They should pay attention to what really drives conservatives to hate student debt relief so much.
new video loaded: Defense Officials Give No Timeline for War in Iran as U.S. Boosts Forces
transcript
transcript
Defense Officials Give No Timeline for War in Iran as U.S. Boosts Forces
At a Pentagon news conference, top defense officials said that the U.S. military was sending more forces to the Middle East and expects to “take additional losses.” Earlier, President Trump said that the U.S. could continue striking Iran for the next four to five weeks.
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“We didn’t start this war, but under President Trump, we are finishing it. This operation is a clear, devastating, decisive mission. Destroy the missile threat. Destroy the navy. No nukes. President Trump has all the latitude in the world to talk about how long it may or may not take. Four weeks. Two weeks, six weeks. It could move up. It could move back. We’re going to execute at his command the objectives we’ve set out to achieve.” “We expect to take additional losses. And as always, we will work to minimize U.S. losses. But as the secretary said, this is major combat operations.” Reporter: “Are there currently any American boots on the ground in Iran?” “No, but we’re not going to go into the exercise of what we will or will not do. I think — it’s one of those fallacies for a long time that this department or presidents or others should tell the American people. This — and our enemies by the way — here’s exactly what we’ll do. Why in the world would we tell you, you, the enemy, anybody, what we will or will not do in pursuit of an objective?”
By Christina Kelso
March 2, 2026
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Americans could soon see higher gas prices as escalating tensions in the Middle East threaten a critical global oil chokepoint, raising fears of supply disruptions that could quickly reverberate across U.S. energy markets.
After joint U.S.–Israeli strikes, dubbed Operation Epic Fury, targeted Iranian sites over the weekend and killed Iran’s Supreme Leader Ayatollah Ali Khamenei, concerns quickly shifted to how Tehran might respond and whether oil infrastructure or tanker traffic could become collateral damage.
Any disruption to global crude supplies could translate into higher costs for American drivers at the pump.
“Every time we’ve had flare-ups in the Middle East like we’re seeing right now — and we’ve seen this kind of situation periodically over the last 50 years — it has caused significant disruption to energy markets,” economist Stephen Moore told Fox News Digital.
“I would expect we could see anywhere from 25 to 50 cents a gallon increase in gas prices in the short term,” he said.
Experts say Americans will likely pay more for gas due to the ongoing conflict in the Middle East. (Matthew Hatcher/Bloomberg/Getty Images)
Market data already shows prices moving higher.
Patrick De Haan, head of petroleum analysis at GasBuddy, said oil prices were up $5 per barrel, while wholesale gasoline prices had risen 11 cents per gallon.
He expects retail gas prices to begin climbing immediately, especially in areas where stations tend to adjust prices in sharp, periodic jumps.
The national average could hit $3 per gallon as soon as Monday, De Haan said, with some stations increasing prices by 10 to 30 cents this week and potentially more in markets that see larger price swings.
Moore warned that prices could climb further and remain elevated if vital transit routes or oil facilities are disrupted.
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The ongoing conflict in Iran is near a major energy corridor. (Contributor/Getty Images)
“Huge amounts of global oil travel through the Strait of Hormuz, so this could be incredibly disruptive, delaying delivery of oil and gas,” he said.
“The Iranians have already knocked out some oil facilities in the Middle East, and who knows what they’re up to next. When you have less supply, prices go up. The big question is whether this will be a temporary bump or something more prolonged.”
The ongoing conflict sits near the Strait of Hormuz, one of the world’s most strategically important energy corridors.
“This shipping route represents around 25% of global oil trade and 23% of liquefied natural gas trade,” explained Jaime Brito, executive director of refining and oil products at OPIS.
The Strait of Hormuz, a narrow shipping lane between Iran and Oman that has long been a flashpoint during regional crises, serves as a vital artery for global energy markets.
Roughly 20 million barrels of crude oil and petroleum products — about one-fifth of global oil supply — transit the strait each day, underscoring how disruption there can quickly send shockwaves through international energy markets.
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A satellite view of the Strait of Hormuz, a critical chokepoint for global energy supply, connecting the Persian Gulf to the Gulf of Oman. (Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025/Amanda Macias/Fox News Digital)
Highlighting the growing concern, Maersk, widely regarded as a bellwether for global ocean freight, said it will suspend all vessel crossings through the Strait of Hormuz until further notice and cautioned that services to Arabian Gulf ports may be delayed.
Still, not all price movements are immediate.
“Developments over the weekend in the Middle East should hypothetically take time to ripple into the global supply chain. An initial assessment would suggest no specific price impacts should be seen in the gasoline market across the world, including the U.S.,” Brito told Fox News Digital.
However, Brito said prices could climb quickly if markets expect trouble ahead, even before supplies are actually affected.
As a result, Brito said, developments in Iran may have already translated into higher gasoline, diesel and other fuel prices in parts of the U.S., depending on regional supply dynamics and individual company pricing strategies.
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Experts say the increase in gas prices will be largely determined by how long the conflict in the Middle East lasts. (John McCall/South Florida Sun Sentinel/Tribune News Service via Getty Images)
From a domestic standpoint, Brito added that gasoline prices follow a seasonal pattern, typically climbing during the summer travel months.
“March prices are not expected to be significantly high,” he said, noting that spring break travel could support demand in certain areas — but not at the level seen during peak summer driving season.
Ultimately, the direction of gasoline prices will depend less on seasonal demand and more on how the geopolitical situation unfolds in the days ahead.
Related Article
TEHRAN — The U.S. and Israel pummeled Iran early Saturday in an attack aimed at razing the Islamic Republic’s nuclear ambitions and thwarting its efforts to influence the Middle East though proxies such as Hezbollah and Hamas.
Iran’s Supreme Leader Ayatollah Ali Khamenei was killed in the attack, according to President Trump, who in a post on Truth Social wrote that “one of the most evil people in History, is dead. This is not only Justice for the people of Iran, but for all Great Americans.”
More than 200 people were killed in Iran and hundreds more injured, according to Iran’s Red Crescent.
The attacks spurred a furious Iranian retaliation, with multiple barrages striking Israel, a number of Gulf nations and Jordan; and fulfilled long-standing fears that a confrontation with Iran would plunge the entire region into war.
Reports of Khamenei’s death prompted diverse reactions worldwide: In portions of Tehran and Los Angeles, home to a large Persian population, people took to the streets to celebrate. In New York, protesters gathered at Times Square to denounce the attack.
The attack came eight weeks after U.S. forces deployed by Trump toppled Venezuelan President Nicolás Maduro, and Trump said Saturday’s operation also presented a chance for regime change.
Addressing the Iranian people, Trump said, “When we are finished, take over your government. It will be yours to take.”
Trump made the comments in an eight-minute prerecorded video. “This will be probably your only chance for generations,” Trump said, adding, “For many years, you have asked for America’s help, but you never got it. No president was willing to do what I am willing to do tonight.”
The Iranian government confirmed Khamenei’s death.
The attacks began with Israeli strikes Saturday morning — a workday in Iran — on Tehran, the capital, with residents speaking of attacks near Khamenei’s compound, the presidential palace, Iran’s National Security Council, the ministries of defense and intelligence, the Atomic Energy Organization and a military complex.
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In Tehran there were scenes of panic, with residents racing to stock up on supplies, leaving shelves bare in grocery stores across the city. Others, heeding warnings from authorities of further strikes, decided to leave the capital. Images on social media showed highways leading out of Tehran choked with traffic.
“It’s going to take 10 hours at least, but it doesn’t matter,” said Zainab, who was loading her car with whatever she could stuff inside for the drive to her sister’s home in Iran’s northeast.
By the end of the day, the streets of Tehran appeared all but abandoned, with residents hunkering down for a night punctuated by the sounds of blasts reverberating across the capital.
Israeli Prime Minister Benjamin Netanyahu, a vociferous advocate for attacking Iran — and who has spent years urging Washington to do so — said the campaign would continue “as long as needed.”
Trump, who long insisted Iran cannot have nuclear weapons, also addressed Iran’s efforts in the Middle East in his video message.
“We are going to ensure that the region’s terrorist proxies can no longer destabilize the region or the world, and attack our forces,” he said. “And we will ensure that Iran does not obtain a nuclear weapon.”
Trump also said U.S. military forces “may have casualties,” adding, “That often happens in war.”
The Iranian Foreign Ministry, in a statement, said that “Iranians have never surrendered to aggression.”
Iranian Foreign Minister Abbas Araghchi, who was leading Iran’s delegation in Oman-brokered negotiations, said the war on Iran was “wholly unprovoked, illegal and illegitimate.”
“Our powerful armed forces are prepared for this day and will teach the aggressors the lesson they deserve,” he wrote on X.
Iranians protest on Saturday in Tehran against attacks on Iran by Israel and the United States.
(Majid Saeedi / Getty Images)
Israel’s military said its attacks were the largest military flyover in its history, with some 200 warplanes dropping hundreds of munitions on about 500 objectives.
Outside of Tehran, explosions could be heard in other cities, including Isfahan, Karaj, Kermanshah, Qom and Urmia, according to Iranian state media. An attack on the city of Minab struck a girls’ school, killing at least 85 students and injuring dozens of others, state-run media said.
Iran’s Red Crescent later said 201 people were killed in attacks across the country, and that 24 out of Iran’s 32 provinces were hit. More than 700 people were injured.
Cellphone and internet communications were disrupted shortly after the attacks began but have since been restored.
Iran struck back across the Middle East, with barrages reported on U.S. bases in the United Arab Emirates, Qatar, Bahrain, Kuwait, Iraq, Saudi Arabia and Jordan. Debris from one of those missiles killed one person in the UAE; another struck a hotel in Dubai. A Kuwaiti airport was hit, but no injuries were reported.
Iran also dispatched multiple waves of missiles to Israel, with residents in Jordan, Syria and Lebanon seeing vapor trails crisscrossing the skies above and the explosive sounds of interceptions.
The waves of ordnance spurred airspace closures across the region, with many airlines suspending service to affected countries and leaving tens of thousands of people stranded.
Araghchi informed his Iraqi counterpart, Fuad Hussein, on Saturday that Tehran will limit its response to U.S. military bases in the region, and that Iran was acting in self-defense.
But the attacks nevertheless infuriated Arab governments. Many came out with statements excoriating Iran for what they described as an unprovoked attack on their sovereignty.
Russia, whose ties with Iran have deepened in recent years, demanded Israel and the U.S. halt military operations. According to the Associated Press, U.N. Ambassador Vassily Nebenzia said, “We insist on the immediate resumption of political and diplomatic settlement efforts … based on international law, mutual respect and a balance of interests.”
In a sign of the rapidly expanding impact of the war, messages purporting to be from Iran’s Islamic Revolutionary Guard Corps were sent to ships ordering them to stay away from the Strait of Hormuz with “immediate effect.”
Shutting the strait, a strategic passageway through which one-fifth of global oil supplies pass, would probably lead to an immediate spike in energy prices and disrupt other shipping.
The opening salvos of what promises to be a lengthy campaign come two days after the U.S. and Iran concluded a third round of Oman-brokered negotiations in Geneva aimed at reducing tensions and stopping the prospect of war.
On Friday, Trump expressed displeasure with the pace of the talks, saying the Iranian side was not negotiating in “good faith” or giving in to U.S. demands. But Oman’s Foreign Minister Badr Albusaidi said a deal was “within reach.”
On Saturday, Albusaidi expressed dismay that “active and serious negotiations have yet again been undermined.”
“Neither the interests of the United States nor the cause of global peace are well served by this. And I pray for the innocents who will suffer,” he said in a statement on X.
The American strikes on Iran drew immediate reaction on Capitol Hill as Democrats and a small bloc of Republicans accused the White House of sidelining Congress on actions they fear will trigger a broader conflict in the Middle East.
“By the president’s own words, ‘American heroes may be lost.’ That alone should have demanded the highest level of scrutiny, deliberation, and accountability, yet the president moved forward without seeking congressional authorization,” Sen. Mark Warner (D-Va.), the vice chair of the Senate Intelligence Committee, said in a statement.
Rep. Ro Khanna (D-Fremont) called on lawmakers to back a measure he is co-sponsoring with Rep. Thomas Massie (R-Ky.) that would compel the administration to seek congressional approval before engaging in any further activity in Iran.
“The American people are tired of regime change wars that cost us billions of dollars and risk our lives,” Khanna said in a video posted on X.
As Democrats warned of constitutional overreach, other lawmakers rallied behind the president.
Sen. Roger Wicker (R-Miss.), the Senate Armed Services Committee chairman, said in a statement that Trump had taken “decisive action against the threat posed by the world’s leading proliferator of terrorism, the Iranian regime.”
“This is a pivotal and necessary operation to protect Americans and American interests,” Wicker said.
Secretary of State Marco Rubio notified some members of Congress’ Gang of Eight, which are the top four leaders in the House and Senate and top Democrats and Republicans on the House and Senate intelligence committees, according to CBS News.
Bulos reported from El Obeid, Sudan, Ceballos from Washington, D.C., and special correspondent Mostaghim from Tehran.
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