Biden’s Student Loan Forgiveness Plan Faces Backlash, Critics Worry About Inflation Impact

The controversy over President Biden’s college student loan debt forgiveness is still swirling a day after he announced his plan to cancel some of that debt for millions of Americans.

Supporters praised the move, with some wanting the White House to go even further. Opponents say the plan is unfair and will actually increase inflation.

Critics say the expensive plan is simply transferring the cost from the students who borrowed the money, creating a new burden for other taxpayers. They’re arguing the administration is just buying votes before the upcoming midterm elections.

Read the full story from CBN’s George Thomas:
https://www1.cbn.com/cbnnews/us/2022/august/bidens-student-loan-forgiveness-plan-faces-backlash-critics-worry-about-reckless-inflation-impact

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