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GOP Rep. Whines Student Loan Forgiveness 'Undermines' Military's Effort To Recruit Poor Teens
Bill Clark/CQ Roll Call/Getty Images

Indiana Republican Representative Jim Banks was criticized after he complained about Democratic President Joe Biden's plan to forgive some student loan debt, saying the move "undermines" the military's efforts to recruit young people who are looking for a way to pay for their college education.

Banks joined a chorus of Republicans who have also criticized the proposal, arguing student loan forgiveness would only shift billions of dollars of debt to taxpayers and deal a blow to the economy, a claim that runs counter to data from economists who've noted student debt cancellations would only boost Americans' purchasing power.

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