Friday, June 30, 2023

SCOTUS Rules Biden Student Loan Bailout Unconstitutional

FACTS:

•Taxpayers who didn’t go to college foot the bill for the bailout.

•The administration readily admits that people who sacrificed and scraped to pay off their student loans wouldn’t benefit at all.

•Experts warn the entire proposal was “ripe” for fraud.

•The plan could have raised tuition, leading to more borrowing in the future.

•The Committee for a Responsible Federal Budget (CRFB) found that the bailout would “deliver the majority of the benefits to those in the top half of the income spectrum.”

•The Tax Foundation found that Biden’s bailout would “make inflation worse.”

•Former Obama economic advisor Jason Furman described Biden’s bailout as a “bad idea” and equivalent to “gasoline on the inflationary fire.”

Bottom line: Biden’s student loan bailout was yet another way his economic agenda is abandoning middle-class families.
Biden's student loan bailout was a brazen attempt to buy votes while screwing the majority of Americans who didn't attend college or responsibly paid off their loans.

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