Studies Show Biden’s Illegal Student Debt Scheme Is Welfare For The Rich

Tristan Justice, The Federalist

A closer look at the numbers shows it will disproportionately aid those who are better off.

According to an analysis of Biden’s plan from the University of Pennsylvania this week, such a wide-ranging bailout will come with a price tag of $300-$980 billion for American taxpayers. Furthermore, the university calculated, “Between 69 and 73 percent of the debt forgiven accrues to households in the top 60 percent of the income distribution.”