William Bennett on Biden's student loan handout plan: 'Terrible, idiotic idea'

Former Secretary of Education William Bennett spoke to Fox News Digital on Thursday, August 25, 2022, about the new Biden student loan handout plan — calling it "a ruse" and "a terrible idea."

"There's a bit of a ruse here — ‘Well, these are people are stuck here at under $125,000 in terms of their income,’ according to the Biden people. Well, no, they're not." "They may be at a fairly low income level now — but they're just starting out. They're going to reap the benefits of their college education in the future." "We just keep chasing our tail. Keep increasing the grants, the loans — and they will keep increasing the charges. As soon as the money's there, they will find a way to charge you for it." "You're violating a basic contract agreement and obligation — when you take on debt, you should pay it back. And you're not helping people who did the honorable thing." Maureen Mackey is managing editor of lifestyle for Fox News Digital. Story tips can be sent on Twitter at @maurmack.

"I'll just tick off a few things," he said about the new plan and how it will affect Americans.

"There's the inflationary effect of this — and I'll leave that to the economists and others. But almost everyone, including former Obama administration officials, indicate that this will add a lot of fuel to the fire in terms of inflation."