Biden's Inflationary Economy

Biden’s Bailout Is ‘Blowing Up In His Face’: Top Economist Speaks Out

The Biden administration has refused to explain who is paying for this massive student loans bailout but I think we all know that the plan is to transfer that debt back to taxpayers. A top economist, Steve Moore, slammed Biden’s already failing bailout and explained that it’s already ‘blowing up in his face.

The White House billed the handout as “forgiveness,” but economists like Moore have pointed out that mathematically the debt cannot simply disappear.

“It’s almost comical that the Biden administration is talking about how they’re reducing the deficit and debt, when, in fact, since Joe Biden came into office, if you add up all of those spending bills… and then if they would put $500 billion more on that per student relief you’re talking about… over $4 trillion of spending, that’s 400 comma 000 comma 000 comma 000,” he said.

“This amount of debt, I think, and the spending, I think, is the biggest weight on the economy. And it’s the thing that makes me most nervous about what we’re doing to the future of our country and the ability to create a prosperous society.”

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