Get Ready, Top Economist Says Biden's Economy Is Cracking
A top economist, Steve Moore, absolutely hammered into Biden's plan to buy voters with student handouts. According to Moore Biden's plan is already cracking! He says that its all 'blowing up' in Biden's face. We already know that it didn't buy the voters, as well as Democrats, thought it might, but according to Moore, the plan screws us all for generations to come. Specifically, he worries about the " future of our country and the ability to create a prosperous society."
"It's almost comical that the Biden administration is talking about how they're reducing the deficit and debt, when, in fact, since Joe Biden came into office, if you add up all of those spending bills… and then if they would put $500 billion more on that per student relief you're talking about… over $4 trillion of spending, that's 400 comma 000 comma 000 comma 000," he said.
"This amount of debt, I think, and the spending, I think, is the biggest weight on the economy. And it's the thing that makes me most nervous about what we're doing to the future of our country and the ability to create a prosperous society."
Moore added that Biden did not receive the great political benefit he expected after writing-off part of the debts of mostly white-collar college students while ignoring blue-collar tradesmen and students, and those workers in the economy who did not attend postsecondary educational institutions altogether.
He cited a report from a University of Chicago economist, who tallied the collective financial value of all federal government handouts, from free health care to food stamps to subsidized housing and education, telling Fox News the total exceeded the average salary for a U.S. citizen.
"[With] all of these things you can make $80-, $90,000 a year and not work a single hour," he said, adding it is a big warning sign that not only was Biden's latest handout unwise but that American society must return to its prior iteration as one that encouraged work and rewarded those who contribute to the economy.
The White House still refuses to explain exactly where this money is coming from to pay off all of these loans. While, no doubt, it will be paid by the working class, failing to let voters know ahead of the midterms seems like a dirty trick to me. What do you think? Let me know in the comments below.