{"id":2120002,"date":"2023-12-08T16:07:02","date_gmt":"2023-12-08T21:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shark-tanks-kevin-oleary-biden-admins-push-to-cancel-student-loan-debt-is-un-american\/"},"modified":"2023-12-08T16:10:48","modified_gmt":"2023-12-08T21:10:48","slug":"shark-tanks-kevin-oleary-biden-admins-push-to-cancel-student-loan-debt-is-un-american","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shark-tanks-kevin-oleary-biden-admins-push-to-cancel-student-loan-debt-is-un-american\/","title":{"rendered":"Kevin O&#8217;Leary of Shark Tank deems Biden&#8217;s student loan debt cancellation push as &#8216;Un-American"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fshark-tanks-kevin-oleary-biden-admins-push-to-cancel-student-loan-debt-is-un-american%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2120002&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Investor and television personality \u200cKevin O\u2019Leary testifies during a hearing before Senate Banking, Housing, and Urban Affairs Committee at Dirksen Senate Office Building December 14, \u20632022 on Capitol Hill in Washington, DC. (Photo by Alex Wong\/Getty Images)<\/figcaption><\/figure>\n<h2>O\u2019Leary Calls Biden\u2019s Student \u2062Loan Forgiveness \u201cUn-American\u201d<\/h2>\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/brooke-mallory\">Brooke Mallory<\/a><br \/>1:00 PM \u2013 Friday, December 8, 2023<\/p>\n<p>President Joe Biden\u2019s claimed intentions to \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/budget-report-biden-dropping-student-loan-forgiveness-he-promised-during-campaign\/\" title=\"Budget Report: Biden Dropping Student Loan Forgiveness He Promised During Campaign\u00a0\">forgive student loan debt<\/a> \u2062is drawing criticism yet again, with one well-known investor and television personality \u2063calling the move \u201cun-American.\u201d<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>O\u2019Leary Ventures\u200d Chairman and former <em>Shark Tank<\/em> star Kevin O\u2019Leary called the administration\u2019s student debt cancellation program \u201cunfair\u201d during his appearance on \u201c<em>FOX &#038; Friends<\/em>\u201d on Thursday.<\/p>\n<p>O\u2019Leary went on to\u200c say that while pursuing a college\u2062 degree, it \u200bis the individual\u2019s \u201cresponsibility\u201d to pay \u200bback their loan and their \u200bresponsibility alone.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWhy would one cohort of graduates in this particular time \u200dbe forgiven [for] their loan when everybody else that came before them or after them potentially has to \u2063pay back their\u200c debt?\u201d he asserted.<\/p>\n<\/blockquote>\n<p>Over 80,000 borrowers\u2064 would be affected by the additional $4.8 billion in student loan debt reduction that the Biden administration announced again on Wednesday.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cForgiving debt is such a horrific idea,\u201d O\u2019Leary told co-host Steve Doocy.<\/p>\n<\/blockquote>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cWhat about if you were in the military and you served your country, and\u2063 then you went and borrowed money\u2014$60,000, $80,000, and you \u200dhave to pay it \u2063back and these people don\u2019t? I\u2063 mean, that\u2019s just wrong,\u201d he continued.<\/p>\n<\/blockquote>\n<p>The \u200bSecretary of Education \u2063is not permitted by federal \u2064law to waive more than $430 \u200cbillion in student loan debt, the\u200c Supreme Court said in a 6-3 ruling in June. The president promptly disapproved of the court\u2019s ruling.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cI will stop at \u2062nothing to find other\u200d ways to deliver relief\u200d to hard-working \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fncs-carlson-gamestop-saga-shows-system-is-not-the-capitalism-we-were-promised-not-even-close\/\" title=\"FNC's Carlson: GameStop Saga Shows System Is 'Not the Capitalism We Were Promised -- Not Even Close'\">middle-class families<\/a>,\u201d Biden claimed in a \u2064statement.<\/p>\n<\/blockquote>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cI find this\u2064 [is] just\u2064 something that many people are going to find offensive because it\u2019s so unfair,\u201d O\u2019Leary said, referencing Biden\u2019s remarks. \u201cIt\u2019ll become an issue\u201d as the\u00a02024 presidential election nears.<\/p>\n<\/blockquote>\n<p>On Wednesday, Florida Governor Ron DeSantis (R-Fla.), who is also running for a 2024 GOP presidential \u200bbid,\u200b spoke on the nation\u2019s issue of student debt at the fourth debate.<\/p>\n<p>DeSantis proposed that student loans be \u201cbacked by\u200d the \u2063universities\u00a0because they need to have an incentive to produce gainful\u2062 employment for people.\u201d<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cIt\u2019s \u2062a creative solution to an issue that\u2019s even larger,\u201d O\u2019Leary said\u2062 in\u2063 response to DeSantis\u2019 proposal. \u201cWe\u2019re less than a year away from \u200bchoosing a new president. I \u2064love it\u2063 when\u200d we\u2019re\u00a0teaching our young to be fiscally responsible. That\u2019s what we need to do,\u201d he explained.<\/p>\n<\/blockquote>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>In the\u200d second part of an exclusive interview, Representative James Comer says the opposition to his investigation of the Biden\u2019s amounts to obstruction of justice.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A new Freedom Economy Survey, in conjunction with Public Square and Red Balloon, finds America\u2019s small businesses are struggling under high inflation, expensive capital, and a slowing consumer economy.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A crowded field\u200c of \u200cRepublican candidates for West Virginia Governor have gathered for the first primary debate, \u2063yet Attorney General Patrick Morrisey has declined to participate. One America\u2019s Daniel\u200b Baldwin has more.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Ed Martin<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>More than 10 million people have signed up for X in December, X\u2062 CEO Linda \u2063Yaccarino said in a post on the \u2063social media platform.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Alphabet shares ended 5.3% higher on Thursday as Wall \u2062Street cheered the\u200b launch of\u200c Gemini.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Meta Platforms\u2064 will add invisible watermarking to its text-to<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meta-to-introduce-watermarking-feature-for-some-ai-products\/\" title=\"Meta is adding a watermarking feature to certain AI products\">-image generation product imagine<\/a> with Meta AI \u2063chatbot in the coming\u200b weeks to enhance transparency.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Alphabet introduced its \u2064most <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-to-resign-from-congress-at-the-end-of-the-year\/\" title=\"McCarthy to leave Congress by year-end\">advanced artificial intelligence model capable<\/a> of crunching\u200b different forms of information such as video, audio \u2062and text.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What \u2064does Kevin\u2064 O&#8217;Leary argue regarding the fairness of\u200c the debt\u2064 forgiveness program?<\/h2>\n<p><span>  Box by subscribing to the One \u200dAmerica News Network\u2019s email newsletter. Sign up\u2064 here: <a href=\"https:\/\/www.oann.com\/newsletter\/\">https:\/\/www.oann.com\/newsletter\/<\/a>+<\/p>\n<p>While President Joe Biden\u2019s proposal to forgive student loan \u200ddebt has \u200breceived both support and criticism,\u2064 one prominent investor and television personality, Kevin O\u2019Leary,\u200d has spoken out against the \u200cmove,\u200c calling it \u201cun-American.\u201d O\u2019Leary, Chairman of \u200bO\u2019Leary Ventures and \u2062former star of the show \u201cShark Tank,\u201d\u200c expressed his views during an appearance on \u201cFOX &#038;\u200d Friends\u201d on Thursday.<\/p>\n<p>In O\u2019Leary\u2019s opinion, individuals\u2064 who pursue a college degree have a responsibility to repay their \u200bloans \u2062on their own. He questioned the fairness of forgiving\u200c the loans of one specific cohort while others are \u2063still required \u200bto fulfill their financial obligations. O\u2019Leary\u2064 argued that the debt forgiveness program is unfair to those who have served in the military and borrowed money to finance their education.<\/p>\n<p>The Biden \u200cadministration recently announced an\u200b additional \u2062$4.8 billion in student loan debt \u2063reduction, which would affect over 80,000 borrowers. However, the Supreme Court has ruled that \u2062the Secretary of Education \u200dcannot waive more than $430 billion\u200d in student \u2063loan debt. President \u2063Biden expressed his disapproval\u200c of\u2062 the\u200c court\u2019s decision, stating that\u2064 he will continue to\u200d search for alternative methods to provide relief\u200d to middle-class families.<\/p>\n<p>O\u2019Leary finds\u200b the notion of debt forgiveness offensive \u200cand predicts that it will become a significant issue as the\u200c 2024 presidential\u200d election approaches. He commended Florida Governor Ron\u200d DeSantis for proposing\u2063 a\u2062 solution\u2064 that involves universities being responsible\u200b for backing student loans, \u200bcreating an incentive for \u200dthem to ensure their graduates find gainful employment.<\/p>\n<p>In conclusion, the \u200bdebate over\u200d student loan forgiveness continues \u2063to divide opinions. While President Biden and his supporters see it as a means of providing relief to struggling borrowers, Kevin O\u2019Leary and others argue that it is an unfair and un-American \u2062approach. \u200dAs the discussion intensifies, it remains to be seen how this\u200d issue \u2064will ultimately be resolved.<\/p>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investor Kevin O&#8217;Leary testifies at a Senate hearing in Washington, DC. (Photo: Alex Wong\/Getty Images) OAN&#8217;s Brooke Mallory reports on President Biden&#8217;s plans to forgive student loans<\/p>\n","protected":false},"author":1866,"featured_media":2120003,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2120002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2120002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1866"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2120002"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2120002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2120003"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2120002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2120002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2120002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}