Biden wants to authorize a huge new stimulus effort, but it's not what you think

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Biden wants to authorize a huge new stimulus effort, but it's not what you think
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Biden is weeks away from possibly announcing what amounts to a huge new stimulus benefit. Billions of dollars in student loan forgiveness.

Who would benefit from student loan forgiveness?

But if you read that and wonder why someone who makes $300,000 a year can’t afford to repay their student loans? Our answer would be — that’s a very good question.Biden stimulus The AOC wing of the Democratic party, for example, insists Biden isn’t thinking big enough here. Republicans, meanwhile, think that efforts such as these risk making an already badeven worse. All this comes, by the way, as the votes have dried up in Congress for new federal stimulus checks. While inflation and gas prices, among other things, are soaring right now.

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