Taddeo quiet on student loan cancelation plan
August 25, 2022
Liberal economists Larry Summers and Jason Furman are blasting Joe Biden’s student loan debt cancelation because it will make inflation worse.
Furman notes, “Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless.”
And Summers said, “Student loan debt relief is spending that raises demand and increases inflation…It will also tend to be inflationary by raising tuitions.”
Annette Taddeo has been awfully quiet on this scheme though.
NRCC Comment: “Annette Taddeo robbing middle-class taxpayers and making inflation worse to give a bailout to ivy league graduates is an indefensible policy.” – NRCC Spokeswoman Camille Gallo