Ron DeSantis: Biden's Student Loan Forgiveness Will Increase Inflation

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Ron DeSantis: Biden's Student Loan Forgiveness Will Increase Inflation
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'One of Obama’s top economists has come out and said it’s like pouring gasoline on the fire to be doing a trillion dollar bailout when we already have inflation raging. Biden doesn’t have authority to do this. You can’t just do this unilaterally.'

President Biden’s plan to forgive $10,000 to $20,000 in student loan debt per borrower will increase inflation, Gov. Ron DeSantis said Tuesday.

And obviously, you know, we have people who have worked themselves through college and pay their loans. We have people that have made other decisions to say, “You know what, maybe I don’t want to go to university because I don’t want to be in debt. I’m going to pursue a trade or I’m going to go into business.” And they made that decision because they don’t want to have to pay loans. And now they’re having to pay it as taxpayers.

“You can’t just do this unilaterally. There’s no authority. He’s citing a law from 9/11,” he said, explaining that it involves first responders and military people with their loans.

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