America needs U-Turn away from Biden’s inflationary over-spending
Fox News
Biden’s policies were expensive and inflationary. America needs to make a U-Turn away from his outlandish over-spending so we can restore prosperity.
Michael Faulkender is the chief economist at the America First Policy Institute and former assistant secretary for Economic Policy at the Department of the Treasury.
Consider the recent announcement to again extend the forbearance on student loans into summer 2023. Already, this pause in payments has cost taxpayers more than $150 billion, and the latest extension could cost another $40 billion at a time when America’s debt-to-GDP is at World War II levels, all to benefit college attendees who earn more on average than the hardworking taxpayers carrying the water on these loans.
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