Is Biden’s student debt handout worth it? Nobody knows

Sept. 7, Michael L. Davis, economics professor at the Cox School of Business at SMU Dallas,  for an op-ed questioning the math and rationale behind President Biden’s student loan forgiveness initiative. Published in FoxNews online under the heading Is Biden’s student debt handout worth it? Nobody knows: https://fxn.ws/3TQYEHR

President Joe Biden’s proposal to forgive a huge chunk of student debt isn’t a done deal. There’s a serious question about whether this is the sort of thing a president can do on his own. Those of us who endured elementary school civics classes (or, even better, learned about such things from watching “School House Rock”) might have the quaint idea that such epic levels of spending — and make no mistake, this is epic spending — require more than the whim of the president. Doesn’t all that stuff they taught us about checks and balances, Article I of the Constitution, and the need for revenue bills to originate in the House of Representatives mean anything at all?

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