Political Editors / May 3, 2022

RNC: Canceling Student Debt Is Biden’s Liberal Payoff

It’s a regressive policy that would fuel inflation and mostly benefit the wealthy.

The Republican National Committee regularly publishes research backing up GOP assertions regarding the issues of the day. Here’s the latest on Democrat plans to redistribute billions of dollars in taxpayer money to pay off student loans and buy Democrat votes:

BIDEN WANTS TO CANCEL BILLIONS IN STUDENT DEBT

DEMOCRATS ARE PUSHING BIDEN TO PROCEED WITH DEBT CANCELLATION

BIDEN’S AGENDA IS A HANDOUT TO THE WEALTHY

STUDENT DEBT CANCELATION WOULD FURTHER FUEL INFLATION

  • With inflation at a 40-year high, Americans are forced to pay more for just about everything.
  • As inflation continues to slam hardworking Americans, Biden’s plan to cancel student loans will only further fuel historic price increases.
  • According to the Committee for a Responsible Federal Budget, canceling all student debt would significantly increase inflation.
  • Economists warn that extending the “payment pause” will make inflation worse.
    • Ben Ritz, the director of the Progressive Policy Institute’s Center for Funding America’s Future: “From an economic perspective, it’s a very bad decision… It’s very expensive, it’s inflationary, it’s regressive.”
    • Larry Summers: “this approach is regressive, uncertainty creating, untargeted and inappropriate at a time when the economy is overheated.” 
  • Widespread student debt cancellation would have a negligible impact on the economy and produce “only 2 to 27 cents of economic activity for every dollar of cost.”

BIDEN’S PLAN WILL DRIVE FUTURE DISPARITY

Originally posted here.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2022 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.