Biden's limousine liberal bailout

Biden is ignoring warnings on inflation…again.

According to new reporting from The Washington Post, Biden is “currently planning to cancel $10,000 in student debt per borrower.”

The last two times the administration was asked if they had analyzed how their proposal would fuel inflation, they said they had not. Lucky for them, they don’t have to – economists across the spectrum warn it 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.” 

Biden’s proposal amounts to a bailout for White House staffers and liberal elites paid for by people who did not go to college.

For more on how truly terrible and regressive Biden’s proposal is, check out this piece from RNC Research.