Post
Topic
Board Economics
Re: Biden's administration absorb students from loan debt.
by
Gyfts
on 14/07/2023, 15:53:11 UTC
39 billion is inconsequential to the U.S. economy considering how recklessly the U.S. government will spend trillions of dollars without thought, and subject them to exponential debt growth. Besides, they've sent Ukraine more than that in aid over the past year.

This is nothing more than a campaign tactic for Biden seeing as it's election time. The Supreme Court struck down his insane proposal of forgiving nearly 500B USD in student loans which would have allowed him to spend an unforeseen amount of money and circumvent Congressional oversight simultaneously. Not clear how he has the authority to forgive 39 billion -- assuming it's through executive action, all he did was essentially print 39 billion USD into the economy. Consider it an expensive campaign expenditure.