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Saturday, April 19, 2025

Texas U.S. Rep Michael Burgess: "It is convenient that Dems forget to mention the consequences of #studentloanforgiveness - higher inflation..."

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Michael Burgess tweeted the following:

"It is convenient that Dems forget to mention the consequences of #studentloanforgiveness - higher inflation and taxes.
Why should Americans who paid off their loans and/or never went to college pay the price? (4/4)"
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Here are other recent tweets from Michael Burgess:

".@BudgetHawks estimates that student debt cancellation will increase inflation by another half percent. In 2021, the federal governments entire budget was $6.82T. Student loan debt stands at 1.6T$. Let that sink in. (3/4)"
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"We are now experiencing the highest inflation rate in 40 years. This reckless spending must end. @HouseGOP and I stand ready to reinstate fiscal responsibility. (2/4)"
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"While canceling #studenloandebt appears to help the individual borrower, it would not fix the overall problem of expensive education.
The American taxpayer will be left to foot the bill and burden every American, including those who have already paid off their loans. (1/4)"
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