President Biden signed an executive order forgiving $10,000 to $20,000 worth of student loan debt.
But the truth of the matter is he didn’t forgive the debt he just transferred that debt to other hard-working Americans.
And speaking of hard-working Americans, how about forgiving the debt they incurred to start a business, buy transportation to commute to work or buy a home?
The Congressional Budget Office announced the cost of this program will be between $400 and $600 billion, according to the New York Post.
That quickly wipes out all of the debt reduction gained over 10 years in the Inflation Reduction Act.
We are in the middle of a recession with record high inflation and what does President Biden do?
Add to the high inflation by spending more money we don’t have.
Eric Mahnerd
Sequim