Club for Growth Statement on Joe Biden’s Student Loan Boondoggle

“Forgiving Americans’ student loan debt will do nothing except transfer that debt burden to taxpayers. This is another government boondoggle that will ultimately exacerbate inflation and hurt economic growth and prosperity in America. Not to mention, erasing student debt would reward individuals for being irresponsible with their own decisions. The best way to help Americans pay off student loan debt would be to cut taxes and regulations on job creators, so that wages can rise as the labor force expands through new business formation and entrepreneurism. Why should hard working families pay off debts of people who are positioned to earn more income than most people in America?” —David McIntosh, President of Club for Growth