There's one demographic that is absolutely HATING Joe Biden's decision to forgive $300 BILLION in student loans regardless of which party they are affiliated with:
Even the liberals with the slightest clue of what's going on in the finance world understand that Joe Biden isn't fixing a problem, he's buying votes.
One such liberal economist is a man that served under both Clinton and Obama, Lawrence Summers.
He was the 71st United States secretary of the treasury.
He also hates the idea of student loan forgiveness.
"Every dollar spent on student loan relief is a dollar that could have gone to support those who don’t get the opportunity to go to college."
"Student loan debt relief is spending that raises demand and increases inflation. It will also tend to be inflationary by raising tuitions," he continued. "The worst idea would be a continuation of the current moratorium that benefits among others highly paid surgeons, lawyers, and investment bankers."
"If relief is to be given it should not set any precedent, it should only be given for the first few thousand dollars of debt, and for those with genuinely middle class incomes."
To read more about this story, click here.