Biden's bailout reviews are in...

The reviews are pouring in on Biden’s student loan bailout and, frankly, they are terrible. Biden is being panned by conservatives, liberals, centrists, and non-partisans alike.

The Studies:

• Penn Wharton Budget Model: Biden’s bailout could exceed $1 trillion with the majority of the benefits going to the top 60% of earners.
• National Taxpayers Union Foundation: Biden’s bailout will cost the average taxpayer over $2,085.
• Committee for a Responsible Federal Budget (CRFB): Biden’s bailout will cost up to $600 billion over the next ten years.
• Cato Institute Estimate: Biden’s bailout will cost over $420 billion.
• Tax Foundation: Biden’s bailout will increase the deficit by more than $350 billion and “make inflation worse.”

The Reviews:

• The Wall Street Journal Editorial Board: “Student Loan Forgiveness Is an Inflation Expansion Act”
• Bloomberg Editorial Board: “Forgiving Student Loans Is a Costly Mistake”
• The Washington Post Editorial Board: “Biden’s student loan announcement is a regressive, expensive mistake”
• National Review Editorial Board: “Biden’s Student-Debt Decree Wrong on Every Level”
• New York Post Editorial Board: “Biden’s inflation-boosting, unfair and legally dubious student loan scheme”
• Detroit News Editorial Board: “Taxpayers get stuck with others' college debt”
• Las Vegas Review-Journal Editorial Board: “Progressive Tooth Fairy makes student debt disappear”

As former Obama economic advisor Jason Furman put it, Biden’s bailout is akin to “gasoline on the inflationary fire.” Biden is once again making millions of hardworking Americans poorer – but this time it’s so he can bail out rich liberals.