WTH is Going On with Biden’s Student Loan Forgiveness? Michael Strain Explains the Moral, Legal and Economic Policy Fiasco

We return from our hiatus to discuss Biden’s trillion-dollar
student loan forgiveness plan. Even for those with little
background in economics, this is clearly a case of the
inverse Robin Hood: a regressive act that takes from the poor and
gives to the much less poor. Not to mention, the plan is an
assault on the Congressional power of the purse, and legally
murky with the justification of the post-9/11 Heroes
Act. And let us not forget that this act paradoxically comes on
the heels of Biden’s Inflation Reduction Act, though it is an
incredibly costly plan that will only exacerbate current
inflation levels.


As the Democratic Party consolidates its role as the party of
college-educated coastal elites, AEI’s Michael Strain joins
us to unpack the student loan handout. Strain is the
Director of Economic Studies at the American Enterprise
Institute.


Download the transcript here.