With a deadline looming in less than two weeks for President Biden to decide what to do about student debt, it shouldn't be surprising that conservatives have been agitating with increasing intensity against relief for the borrowers.
Among their principal arguments recently is that debt relief would be inflationary.
The deficit hawks at the Committee for a Responsible Federal Budget, for example, fretted last week that forgiving even $10,000 in student debt per borrower would be so inflationary that it would destroy a decade's worth of inflation reduction from Biden's newly enacted Inflation Reduction Act.
