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Another Student Debt Scheme

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Another Student Debt Scheme
U.S. President Joe Biden speaks on the student debt relief plan in the South Court Auditorium at the Eisenhower Executive Office Building in Washington on Oct. 17, 2022. Alex Wong/Getty Images
Milton Ezrati
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Commentary
After losing at the Supreme Court, President Joe Biden has floated another student debt relief scheme. Lawyers and judges will take a while to decide if this new approach passes constitutional muster, no doubt, until after the 2024 election. But while the legal gears turn—slowly as ever—the political-economic implications will emerge immediately and be the same as last time.
Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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