Biden student loan cancellation to cost each taxpayer $2K | Eastern NC Now

Analysis by the Penn Wharton Business School show that the illegal student loan forgiveness announced by Joe Biden will cost each taxpayer $2,000 and drive up inflation.  It will cost the government $300 billion.  These numbers were computed even without the additional component of additional forgiveness for Pell Grant recipients, that will drive them even higher.

https://www.dailymail.co.uk/news/article-11142029/REALITIES-Bidens-student-loan-ploy-Models-predict-debt-levels-return-just-FOUR-YEARS.html

https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/obama-economic-adviser-torches-bidens-student-loan-plan

The US Constitution clearly says that only Congress can dispose of government property, and courts have long held that debt is property of the creditor.  Even Pelosi is on record in the past stating clearly that a president has no power to do this.  This is just one more lawless act by a lawless regime.