Joe Biden just announced one of his most reckless policies yet - blowing at least $300 billion of taxpayer dollars on student loan debt held by some of America's highest income earners.
The average NC household is earning $56,000 a year. And 68% of the state does not have a college degree. And these same households are already suffering and having to pay an extra $7,800 this year to cover the costs of Biden-Beasley inflation. And now these same families are being forced to help subsidize Joe Biden's plot to give $40,000 of taxpayer dollars to couples making as much as $250,000.
Cheri Beasley sits on her couch and declares Washington to be broken, but she won't criticize Joe Biden even when he's making his best efforts to break the budgets of families across North Carolina. She can't make a choice between handing out "free"
money to college grads making six figures or helping the working families of NC.
Meanwhile, even liberal economists have bashed Biden for his bad decision. We also can't ignore that this bailout will also make inflation worse at a time when the price of just about everything is skyrocketing. According to the CRFB, "debt cancellation would boost near-term inflation far more than the IRA will lower it."
Ted Budd wants to make life better for hardworking folks in North Carolina, that is why he took a strong stance against Biden's bailout calling it "an insult to working families."
But Cheri Beasley won't criticize it. Cheri Beasley would continue to be a rubber stamp for Joe Biden's agenda in DC just like she is now in NC.