Economist EJ Antoni told Breitbart News Saturday that Joe Biden is “politics” by trying to extend the student loan pause through November 2024.
in an op-ed:
Biden’s student loan amnesty plan was a misuse of the 2003 HEROES Act and would have put taxpayers on the hook for up to $20,000 per student loan borrower. Even those borrowers with relatively high incomes were eligible for the handout; households making $250,000 annually were eligible for up to $40,000 in “forgiveness” – a euphemism for a taxpayer bailout.
Antoni and Boyle discussed how the student loan “forgiveness” plan — actually a debt tranfer, or taxpayer bailout, as Antoni explained — would only raise college tuition prices; however, Antoni warned that the Biden administration will employ more tricks to extend the student loan pause, which is expected to end shortly.
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