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Biden Claims Canceling Student Loan Debt Won’t Have Any “Meaningful Effect on Inflation” (VIDEO)

By   /  August 24, 2022  /  No Comments

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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.

“Couples who earn $250,000 a year or less who file taxes jointly would also qualify for cancelation of up to $10,000 for each partner.” NBC News reported.

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

“Independent experts agree that these actions taken together will provide real benefits for families without meaningful effect on inflation,” said Biden.

WATCH:

Even Barack Obama’s former economic advisor Jason Furman says Joe Biden’s policies are reckless.

Furman also said Joe Biden likely doesn’t have the power to unilaterally cancel student loan debt.

The post Biden Claims Canceling Student Loan Debt Won’t Have Any “Meaningful Effect on Inflation” (VIDEO) appeared first on The Gateway Pundit.

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  • Published: 1 month ago on August 24, 2022
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  • Last Modified: August 24, 2022 @ 7:45 pm
  • Filed Under: Politics

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