Democrats’ dangerous inflation assumption

At a CNN town hall on Tuesday, President Joe Biden dismissed progressive Democratic plans to cancel $50,000 in student college debt — at a cost of some $1 trillion — although he indicated support for $10,000 in loan forgiveness. Biden said he would rather spend some of the difference on early childhood education than forgiving “the debt, billions of dollars of debt, for people who have gone to Harvard and Yale and Penn.”

Many on the left are unhappy with Biden’s decision. “Nowhere does it say we must trade-off early childhood education for student loan forgiveness,” said Rep. Alexandria Ocasio-Cortez (D-N.Y.).


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