March 10, 2023
Student Loans – Commentary
Chuck Grassely (R-IA) answered questions from the Editorial Board regarding his opposition the Biden Administration's student loan relief plan:
Q: What’s your opposition to the Biden administration’s student debt forgiveness policy?
A: For starters, the Biden administration’s nearly $1 trillion plan is fiscally irresponsible and follows a trail of partisan binge spending that will make it even harder for the Federal Reserve to rein in inflation. The price tag is particularly reckless when taking into account the unprecedented $31 trillion national debt that will drag down economic growth unless Washington gets its fiscal house in order.
Q: What’s your opposition to the Biden administration’s student debt forgiveness policy?
A: For starters, the Biden administration’s nearly $1 trillion plan is fiscally irresponsible and follows a trail of partisan binge spending that will make it even harder for the Federal Reserve to rein in inflation. The price tag is particularly reckless when taking into account the unprecedented $31 trillion national debt that will drag down economic growth unless Washington gets its fiscal house in order.