Jean-Pierre Says that Student Debt Cancelation Will Be ‘Fully Paid for Because of the Work [Biden] Has Done with the Economy’
JEAN-PIERRE: “But we do believe it will be fully paid for because of the work that this president has done with the economy, because of what you just said — well, what I just said, is what we have done to bring down the deficit, the deficit reduction. That matters in the work we will continue to do. When you look at IRA, it is also that $300 billion deficit is going to matter when you think about that $1.7 trillion by the end of this fiscal year, is going to matter as well. And also, here’s the thing. When we talk about the pause being lifted, that’s going to bring into — bringing $50 billion per year back into the Treasury, right? That was actually not happening throughout — almost for two years now. So that’s going to be coming back at the same time that basically of people are getting the — are getting these benefits."