Canceling student debt would be recession insurance for Joe Biden
Posted on AllSides April 8th, 2022
From The Center
REUTERS/JONATHAN ERNST
ANALYSIS
The Biden administration faces a conundrum as rising prices and Russia’s Ukraine invasion threaten the US recovery: How to boost the economy without further fanning inflation.
The president might find a solution in one of his own campaign promises. Joe Biden’s pledge to forgive some student debt may be one of the best ways to avoid a recession in the next couple of years without fueling prices today.
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