Chet wordmark with orange bowtie Chet wordmark with orange bowtie

Student Loan Forgiveness Is an Inflation Expansion Act - WSJ Opinion

The reports say Mr. Biden will cancel $10,000 in debt for borrowers making $125,000 or less a year. That would cost about $300 billion this year, and $330 billion over 10 years, says the Penn Wharton Budget Model. That’s far more than the $102 billion the Inflation Reduction Act purportedly reduces the deficit over 10 years starting in 2027.

Can’t afford a full-size Navy, tho.

All Posts