[tomder55]

PART !

It all was a lie anyway . But for some time they used support for working Americans ad a pretext for polices they initiated that in reality harmed working Americans

But now ? These policies that will largely be paid for by working Americans does nothing for them .

Student loan forgiveness
Subsidies and mandates for EVs
Subsidies for profitable semi-conductor companies .

Former OMB Director David Stockman noted in a report ;

Only 37% of Americans have a 4-year college degree, only 13% have graduate degrees and just 3% have a PhD or similar professional degree. Yet a full 56% of student loan debt is held by people who went to grad school and 20% is owed by the tiny 3% sliver with PhDs.

Covid Invoked for More Redistribution from Workers to Doctors and Lawyers ⋆ Brownstone Institute

So Biden’s debt cancellation plan would amount to taking money from a plumber to pay the debt of a lawyer. Jason Furman headed the emperor's Council of Economic Advisers warned that it will increase to inflationary pressures .That plumber gets doubly whammed by the inflation and the necessary interest rate increases needed to combat out of control inflation.
“Most importantly, everyone else will pay for this either in the form of higher inflation or in higher taxes or lower benefits in the future,”