Obama Economist Blasts Biden Student Loan Forgiveness: Gasoline on a Fire

Summary by Ground News
President Joe Biden announced on Wednesday that he would forgive up to $10,000 in student loan debt for Americans earning less than $125,000 annually. Jason Furman, the former chairman of Obama's Council of Economic Advisors, called the plan "reckless"
Published 3 months ago · Washington, United States Photography Newsweek

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Biden's student debt forgiveness is a potential midterm boon for Democrats — and a major gamble

Biden's long-awaited announcement could\u00a0have ripple effects in\u00a0battleground Senate and House race across the country.

3 months ago·United States
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Obama economist calls Biden student debt relief ‘gasoline on inflationary fire’

The Biden administration sweeping student loan relief initiative is irresponsible and likely to make decades-high inflation even worse, according to the chief economist to former President Barack Obama.

3 months ago·New York, United States
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Top Obama economic adviser torches Biden's student loan forgiveness plan

Jason Furman, a Harvard professor of economics and the chairman of former President Barack Obama's Council of Economic Advisers, heartily criticized President Joe Biden's Wednesday action to forgive $10,000 in student loan debt for borrowers earning less than $125,000 per year.

3 months ago·Washington, United States
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Obama economist blasts Biden student loan forgiveness: Gasoline on a fire

President Joe Biden's plans to cancel some student loan debt have drawn criticisms from top Republicans for being "unfair" to Americans who tightened their belts to pay for college, but Biden's announcement has raised concerns among economists for other reasons.

3 months ago·United States
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‘Reckless’: Obama Economist Tears Apart Biden’s Student Loan Forgiveness

Former Obama administration economist Jason Furman took to Twitter Wednesday afternoon to criticize President Joe Biden’s plan for student loan forgiveness.

3 months ago·Washington, United States
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Top Democrat Economists Blast Biden’s Student Loan Bailout: Pours ‘Gasoline On The Inflationary Fire’

Top economists who worked for former President Barack Obama (D) slammed President Joe Biden (D) for his plan to bail out a large number of Americans from having to pay back a substantial portion of their student loans or Pell Grants.Biden announced his plan Wednesday to make U.S. taxpayers pay off thousands of dollars in student loans and Pell Grant recipients for those making less than $125,000 a year.The nixing of $10,000 of debt per borrower …

3 months ago·Los Angeles, United States
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