canceling student loan debt = inflation

CBS reports Joe Biden is now seriously considering canceling student loan debt because it is progressive to force waiters to pay off student loans for doctors.

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.”

NRCC Comment: “Democrats are doing everything in their power to make the inflation crisis even worse.” – NRCC Spokesman Mike Berg