Committee for a Responsible Budget’s Goldwein: Loan Cancelation Will Likely More Than Cancel Out Inflation Act, Increase Recession Risk

On Tuesday's broadcast of "CNN Newsroom," Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget Marc Goldwein stated that canceling student loan debt and extending the pause on loan payments will wipe out any deficit reduction from the Inflation Reduction Act and will probably "do more to increase inflation from debt cancellation than any inflation reduction from the Inflation Reduction Act." And will "make the Fed's job harder and that means it's going to increase the risk they're going to have to drive us into a recession to get inflation under control."