Biden ignores Inflation warnings on student loan forgiveness

 Washington Examiner:

The White House downplayed concerns that President Joe Biden forgiving certain federal student loan debt will worsen inflation.

White House press secretary Jen Psaki declined to comment Thursday on modeling by nonprofit organizations, such as the Committee for a Responsible Budget, that Biden exercising executive power to cancel select student debt would exacerbate rising consumer prices, especially since the president had not presented any proposals yet.

“When you look at the choices that need to be made, the president is looking at the impact of student loans, something that many people in this country, millions of Americans, undertook to get a better education to make sure they were advancing their own knowledge to maybe help their family have a better life,” Psaki said. “Finding ways to provide relief to students to make sure that these working-class, working families are getting relief is more important than tax cuts to millionaires, billionaires, and corporations.”

...

The Democrats' inflation tax will have all of us including the responsible people who paid off their student loans paying AOC's loans and other Democrat operatives.  Biden ignored inflation warnings when he was [pushing his big-spending packages and here we are with the highest inflation in over 40 years.  The best way to return to fiscal sanity is to vote against every Democrat on the ballot.

See, also:

The Cost of Student Loan Cancelation Would Be Higher Inflation, Say Experts

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