Canceling student loan debt = more inflation in IL-13
April 27, 2022
CBS reports Joe Biden is seriously considering canceling student loan debt, but this giveaway to the wealthy will make inflation even worse.
The Committee for a Responsible Federal Budget estimates canceling student loan debt “would increase the inflation rate by between 10 and 50 basis points (0.1 to 0.5 percentage points) in the 12 months after repayment is scheduled to begin. This would represent a 4 to 20 percent increase relative to the median Federal Reserve inflation rate forecast.”
Does IL-13 Democrat candidate Nikki Budzinski support this inflation trap that forces farmworkers or waiters to pay off student loans for doctors or even politicians?