The claim is based on a budget model https://budgetmodel.wharton.upenn.edu/issues/2022/8/23/forgi... but the numbers are based on 10 years. I tried reading up on the executive order but I think it's only 1 time (this year/now?), not over 10 years. Also, if it was over 10 years then the cost per taxpayer would be $200/year (most people think of tax as annual payment).
So basically, this is written to convince people who don't want to look closely at the assumptions.
Student debt costs more than $10,000 per indebted student. Why not wring your hands over farm subsidies or fossil fuel subsidies or black-box military spending.
Newsflash: Rich conservatives who read the National Review and pulled themselves up by their bootstraps by being born to wealthy parents think student debt relief is a bad idea. In other news, water is still wet.
Every dollar spent on student loan relief is a dollar that could have gone to support those who don’t get the opportunity to go to college
- Lawrence Summers
Ok Larry. Two can play that game. Every dollar spent on corn ethanol subsidies is a dollar that could have gone to support those who don’t get the opportunity to go to college
So basically, this is written to convince people who don't want to look closely at the assumptions.