Top Democrat And Republican Economists Agree That Biden’s Student Loan Plan Will Worsen Inflation

Both top Democrat economist Larry Summers and top Republican economist Arthur Laffer agree that President Biden’s expected decision to forgive a massive portion of student loan debt will worsen inflation. “The White House is expected to announce a plan to cancel a chunk of student loan debt on Wednesday, in addition to an extension of the existing payment pause,” The Hill reported. “Sources said President Biden’s intended measure will include at least $10,000 in loan forgiveness for borrowers who make less than $125,000 annually, as well as another payment freeze for roughly four months.” According to economist Arthur Laffer, who served

