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Biden Says ‘Blacks and Hispanics Don’t Own Homes’ in Student Loan Forgiveness Speech (VIDEO)

Joe Biden unilaterally announced a massive forgiveness of student loans Wednesday afternoon.

Biden canceled up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants, according to multiple sources familiar with the matter.” NBC News reported.

Biden claimed ‘canceling’ student loan debt (AKA transferring the debt to the middle class) won’t have any “meaningful effect on inflation.”

Then he dropped this gem…

Biden said blacks and Hispanics don’t own homes.

“The burden is especially heavy on black and Hispanic borrowers who on average have less family wealth to pay for it,” said Biden. “They don’t own their homes to borrow against it to be able to pay for college.”

WATCH:

This isn’t the first time Joe Biden has disparaged blacks and Hispanics during his presidency.

Last February, Joe Biden suggested blacks and Hispanics are too stupid to figure out how to get online.

WATCH:

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