Watters addressed the topic with his co-hosts on the network’s popular rush-hour panel show “The Five” — and he argued that the move was unconstitutional and would only really benefit graduate degree-holders who were pulling down six-figure incomes.
"You can't raid the treasury and then cut checks to your favorite voters. Where did Biden get the power … to spend 1/2 trillion dollars? That’s Congress’ job. He can't steal Nancy’s purse and then just start bribing people before an election." @JesseBWatters #TheFive pic.twitter.com/8pfenLoe2C
— Virginia Kruta (@VAKruta) August 24, 2022
“I want to congratulate all the rich whites with graduate degrees who are living on the coast making six figures. You really are the forgotten men and women of this country and you finally now have a president who feels your pain,” Watters said in mocking tones. “Spending most of your 20s in school, now finally making close to $125,000. Man, I mean, what would they do without Joe Biden?”
Watters went on to ask why, if Americans truly were living in the great economy Democrats appeared to believe they were, anyone needed to have student debts forgiven in the first place.
“It doesn’t make any sense. You cannot raid the treasury and then cut checks to your favorite voters. Where did Biden give the power as the president to spend half a trillion dollars? That’s Congress’ job. He cannot steal Nancy’s purse and then to start bribing people before an election. That’s an abuse of power and it’s unconstitutional. Nancy even said it was unconstitutional,” Watters continued, noting that House Speaker Nancy Pelosi (D-CA) had previously said Biden did not have the power to unilaterally forgive student debt.
“This is reverse class warfare. It’s like, I don’t know, you rob the poor to pay the rich. You’re going to get a plumber’s family to pay off the loan of a graduate school family that’s making a quarter million dollars a year? Why should I have to pay, or anybody have to pay, for my neighbor’s graduate degree?” Watters asked. “You look across the street, you see your neighbor’s daughter, she just backed into your mailbox, she’s always been an idiot, and now you have to pay for her to get an advanced degree in Estonian poetry? It doesn’t make any sense at all.”
Watters concluded by saying that it was only going to get worse — and the next time it would be more than $10,000 per borrower — and he argued that it was different than delivering tax cuts across the board.
“This is a lot different than tax cuts. Everybody gets a tax cut. Everybody that pays taxes gets the tax cut when the taxes get cut. It’s not like Donald Trump cut taxes for males in the swing states of Ohio and Florida and North Carolina three months before the midterms,” he said.