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.


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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