Student loan forgiveness should backfire on Biden ...Middle East

President Biden has announced that the federal government will forgive $10,000 in student loan debt for Americans making less than $125,000 annually as well as extend the student loan repayment moratorium. This plan is estimated to cost taxpayers $330 billion and should be seen as the most unfair, outrageous, and disgraceful decision in many years. The president is telling Americans that they do not have to bear any responsibility for their voluntary obligations in borrowing money or going into debt. His proposal is also regressive and inflationary, and possibly unconstitutional. Forgiving student loans disproportionately benefits those with higher incomes. According to the Pe

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Last updated : 29 August 2022 clock 02:13 AM

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Student loan forgiveness should backfire on Biden ...Middle East

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