BREAKING: Joe Biden Diagnosis BAD News For America - Details Here...

August 31, 2022

Fox News Channel host Howard Kurtz blasted the Biden administration for its loan cancelation program by saying, "Inflation would be in better shape" if student loan debts were not canceled.

"Kurtz responded to arguments by the Biden administration that President Joe Biden’s student loan debt cancelation program won’t contribute to inflation because the ending of the pause on student loan payments will cancel out the inflationary impact of the cancellation," reported Breitbart.

Kurtz made his point by noting, "the deficit would be in better shape and inflation would be in better shape if this money remained with the Treasury" and the debt wasn’t canceled.

Kurtz said, "I asked him, how is this not inflationary? Because this is the equivalent, remember, the estimate is $300 billion to $500 billion that will not be in the Treasury — or I should say is being shifted to the taxpayers — as a result of this."

"It’s as if the taxpayers sent a check to every one of these people who took out student loans who haven’t repaid it so far and they were then unable to pay it off. And he cited various studies that it’s not inflationary, it’s a wash," Kurtz continued.

"Well, even if it is a wash, the deficit would be in better shape and inflation would be in better shape if this money remained with the Treasury."

While all of the United States is deeply concerned about inflation, President Joe Biden continues to act irresponsibly with the hard earned and over paid tax dollars of American citizens, which leads to increased inflation. Enough is enough.

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