This is just deceitful.
The White House is trying to claim that by ending a temporary benefit that delayed student loan payments, it is offsetting the inflationary effect of an entirely new program, canceling $10,000 of student debt.
That is, they are saying that by stopping something temporarily causing inflation that they were going to have to stop anyway, they are making up for the inflationary effect of a $300 billion new program.
In fact, they actually made inflation even worse by extending the loan deferment even further before it stops.
This is exactly like saying, “Hey, I know I started beating you in the butt, but at least I stopped beating you in the head. So it’s even, no problem.”
Please, do your inflationary liberal spending, but don’t take us for idiots.