Ex-Obama adviser Jason Furman rips Biden's student loan handout as ‘inflationary,’ ‘reckless’ overreachFormer Barack Obama economic adviser Jason Furman went on a lengthy Twitter rant on Wednesday afternoon ripping President Biden’s student loan handout as "inflationary," "reckless," and government overreach.
"Pouring roughly half trillion dollars of gasoline on the inflationary fire that is already burning is reckless," tweeted Furman, who served as chairman of the president’s Council of Economic Advisers during the Obama-Biden administration. "Doing it while going well beyond one campaign promise ($10K of student loan relief) and breaking another (all proposals paid for) is even worse."
Furman made his comments shortly after Biden announced Wednesday an executive order to cancel $10,000 for each student loan borrower, $20,000 for borrowers who received Pell Grants, and extend a repayment pause through Dec. 31.
The handout only applies to borrowers earning less than $125,000 a year — $250,000 for married couples — and undergraduate loan borrowers can cap repayment at 5% of their monthly income, Biden said..............
https://www.foxnews.com/politics/ex-obama-adviser-jason-furman-rips-bidens-student-loan-handout-inflationary-reckless-overreach
