Biden Claims Canceling Student Loan Debt Won't Have Any "Meaningful Effect on Inflation" (VIDEO)


Brandon unilaterally announced a massive forgiveness of student loans Wednesday afternoon.

Brandon canceled up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants, according to multiple sources familiar with the matter.” NBC News reported.

“Couples who earn $250,000 a year or less who file taxes jointly would also qualify for cancelation of up to $10,000 for each partner.” NBC News reported.

Brandon claimed ‘canceling’ student loan debt (AKA transferring the debt to the middle class) won’t have any “meaningful effect on inflation.”

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“Independent experts agree that these actions taken together will provide real benefits for families without meaningful effect on inflation,” said Brandon.

WATCH:

Even Barack Obama’s former economic advisor Jason Furman says Brandon’s policies are reckless.

Furman also said Brandon likely doesn’t have the power to unilaterally cancel student loan debt.

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