Conservatives, GOP Denounce Biden Bailout of College Loan Debtors
(CNS News) -- Many conservatives and Republicans denounced President Joe Biden's plan to transfer student loan to the U.S. taxpayers, an action that could cost over $600 billion. Sen. Ted Cruz (R-Tex.), for instance, said, “Let’s be clear - there is no way to ‘cancel’ student debt. This will cost every taxpayer an average of $2100. Someone will pay the price for this policy and the price is likely to be felt by every American in the form of even higher inflation."