ECONOMY FEARS: Goldman Sachs shoots down GOP student debt cancellation inflation act.

[gemini104104]

ECONOMY FEARS: Goldman Sachs shoots down GOP student debt cancellation inflation worries"

Obviously the GQP/GOP as a un-American and enemy combatant atrocity is up tRump's ass to wage war on President Biden's administration, democracy and society in a attempt to kiss the ass and do the bidding of foreign enemies, while failing to accomplish squat at serving the best interests of society. Obviously repukes are worse of a threat against democracy than any foreign threat and I hope this enemy from within threat will be eradicated at being a repuke terrorist racket. This while whoring it up, living it up in the gutter and sedition it up on the taxpayer money at also being the $1 trillion squandering deficit party; their PPP loan defaults on average per repuke of over $100,000 and repuke party of hypocrisy and lies. This also includes the repuke war against student relief of basically $10K loans that would help them start their own businesses and support the economy, is a attack on all of society and regardless of some political affiliation:

Wall Street private investment firm Goldman Sachs believes that canceling roughly $400 billion in student loan debts will have a relatively negligible impact on inflation.

According to White House Chief of Staff Ronald Klain, Goldman Sachs says that “Middle income households will receive the biggest … boost from the plan…,” and “debt forgiveness itself should have only a minor effect on the cash deficit.

With over $2.5 trillion in assets under management and annual revenue of $59.3 billion (2021), Goldman Sachs is a highly respected investment firm that requires investors have a minimum of $10 million in assets to become a client – not exactly a company that one would call far left, socialist or radically liberal, a factor that gives its input even greater weight.

Alec Phillips, the Chief Political Economist for Goldman Sachs research, and Goldman Sachs economist Joseph Briggs estimate the debt forgiveness program will reduce debt payments from 0.4%-0.3%, according to Financial Times."

https://occupydemocrats.com/2022/08/...__qZwQwZ-5xcuI

Column: Republicans attacking student loan relief as a taxpayer burden got their own degrees on taxpayers’ dime
https://www.latimes.com/business/sto...an-forgiveness