After Silence, White House Makes Claim on How Student Loan Forgiveness Will Be Paid For
The White House has shared how it believes student loan forgiveness will be paid for. Bharat Ramamurti, deputy director of the National Economic Council, told Fox News that it is “paid for and far more by the amount of…
The White House has shared how it believes Student loan forgiveness will be paid for.
Bharat Ramamurti, deputy director of the National Economic Council, told Fox News that it is “paid for and far more by the amount of deficit reduction that we’re already on track for this year.”
He explained, “We’re on track for $1.7 trillion in deficit reduction this year. That means, practically speaking, compared to the previous year, 1.7 trillion more dollars are coming into the Treasury than are going out. And we’re using a portion of that — a very small portion of it — to provide relief to middle-class families, consistent with the president’s plan.”
Fox News previously reported that the White House had refused to explain how the program would be paid for.
Ramamurti’s comments come just less than a week after White House Press Secretary