Craig backs Biden’s student loan scheme

Prominent liberal economists Larry Summers and Jason Furman are blasting Joe Biden’s student loan debt cancelation because it will make inflation worse.

The Washington Post Editorial Board says it “takes money from the broader tax base, mostly made up of workers who did not go to college, to subsidize the education debt of people with valuable degrees.”

Bloomberg’s Editorial Board calls it a “costly mistake.”

But Angie Craig is fulling backing Joe Biden’s reckless plan, telling the Star Tribune, “[t]he executive order announced today will help provide a bit of debt relief and give folks time to plan to start repaying those student loans.”

NRCC Comment: “Angie Craig supports robbing middle-class taxpayers to bail out Ivy League graduates. Angie Craig fights for whatever Joe Biden wants, not what’s best for Minnesota.” – NRCC Spokesman Mike Berg