The Biden admin’s student loan relief plan is irresponsible and likely to make decades-high inflation even worse, according to Jason Furman, the chief economist for former president, Barack Obama.
Furman ripped Biden’s student loan forgiveness plan in a Twitter thread calling it “irresponsible” and referring to it as “gasoline on inflationary fire”.
“Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless,” Furman tweeted. “Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse.”
