SUSPENDING STUDENT LOAN REPAYMENTS BENEFITS RICH: Wait a minute, aren’t federally-backed student loans mainly meant to help middle and lower class students?

So why then does Biden’s suspension of repayments benefit mainly high-income professionals like doctors and lawyers? Hans Bader points to a searing critique of the suspension written by Matt Yglesias, who has never been mistaken for a right-winger and who recently wrote this:

“As Marc Goldwein of the Committee for a Responsible Federal Budget shows, medical doctors have received $48,500 in relief versus $29,500 for people with law degrees, $4,500 for people with bachelor’s degrees, and a measly $2,000 for those who didn’t finish their degree and are objectively most in need of help.”

Hmmmm. As Bader details, suspending student loan repayments, again, is just one of multiple Biden policies that drive inflation in the U.S. to levels twice those now seen in Europe. And Biden was warned by economists on the Left and Right that such would be the result.