#shorts Biden Claims His Student Loan Debt Bailout Is “Economically Responsible,” But It’ll Explode Deficit. Biden said, “So, come January, folks whose debt isn’t fully canceled, you’re going to have to start paying the student loans off. That means billions of dollars a year are going to start coming back into the Treasury as well. My administration’s plan is economically responsible — the economically responsible course to ensure a smooth transition to repayment and prevent unnecessary defaults.”

On 10/21/2022, President Biden spoke about the Student Loan Forgiveness at Delaware State University in Dover, Delaware before he takes off for another weekend vacation in Rehoboth Beach.

Biden Claims His Student Loan Debt Bailout Is “Economically Responsible,” But It’ll Explode Deficit.