I Prayed have prayed
Father, we ask that you protect our economy from reckless debt and inflation. Restore fiscal responsibility to our nation, Lord.

The economic fallout of Biden’s ongoing spending spree will and has already had major consequences. We must pray.

From Fox Business. President Biden is under fire for not making public a cost analysis … of the administration’s massively expensive proposal to cancel between $10,000 to $20,000 in student debt for many Americans. Economists say the lack of an estimation of costs and absence of any public analysis begs the question of whether the numbers were run at all for a plan estimated by fiscal watchdogs to cost anywhere between $500 billion to $1 trillion over the next decade.

Connect with others in your state in prayer.


Economists from across the political spectrum told Fox News Digital it was troubling the White House had announced a policy without providing a breakdown of its cost.

“For the White House to put out a potentially trillion-dollar proposal without even releasing budget estimates, is grossly irresponsible to taxpayers,” said Brian Riedl, a senior fellow in economics at the center-right Manhattan Institute. “This is one of the biggest federal initiatives of the past couple of decades, and we still don’t know what it’s going to cost.”

Ben Ritz, a budget and fiscal policy expert at the center-left Progressive Policy Institute, was even blunter in his assessment.

“It doesn’t reflect well on the administration,” said Ritz. “Even if they did one and didn’t release it looks bad, but regardless, the result is that no one really knows how much this is going to cost….”

In the wake of the White House’s silence, groups like [the Committee for a Responsible Federal Budget (CRFB)] and other fiscal watchdogs have stepped forward with their own cost analysis.

CRFB estimates the handout could cost U.S. taxpayers roughly $500 billion or more over the next decade. A budget model by the University of Pennsylvania’s Wharton School of Business, meanwhile, estimates the total cost could be more than $1 trillion when accounting for loan forbearance and the new repayment cap.

Such estimates, economists warn, are not fully accurate without knowing all the details of the policy. They say the White House has not only explained how the handout will work or how the income thresholds will be calculated….

How are you praying for our nation and our economy? Share your thoughts and prayers below.

(Excerpt from Fox Business. Photo Credit: Getty Images)

Comments (6) Print


Leave A Reply

Your email address will not be published.

Victoria Z
September 3, 2022

Father while so many students are praying for this debt relief to materialize i feel it is a selfish prayer in that people who take on debt and loans do so with the knowledge that it is THEIR OWN personal responsibility to pay it off, not add it to the national debt for already struggling Americans to be taxed for it.

My children paid off their own college debt as have millions of others. Our tax dollars pay for the public education expense of children from Kindergarten-High School and now the antichrists are forcing their agendas into our curriculms. College is expensive but it is also a choice. My kids attended community college which many do, then transfer credits to a four year university to help keep the cost lower. I didnt even attend a 4 year college and have paid the price for that daily for years earning lower wages which will be taxed more like everyone elses to pay for the debt of others who should have to pay it themselves. It may sound like sour grapes but i feel Americans should be able to vote on this and other US government spending sprees which are stuffed with recklessness and secret agendas, even Congress who is supposed to help protect our nation has agreed to wreckless spending decisions on our behalf and we the people are left holding the debt while public servants like the Bidens use their positions to prosper themselves and their families, even cutting secret deals with foreign Oligarchs that ultimately harm America. Father, help us, somehow intervene and do not allow Biden to keep this campaign promise as he has caused so much damage already to not only America but also the world as apparently some of his illegal involvements with Ukraine and China helped to set up and support labs which manufactured the diseases that contributed to wars to further bankrupt usa and other nations of the world, intended to ncrease create inflation and food shortages with tge ultimate goal that these manufactured woes would force the nations into the NWO and subdue inflation and war weary hungry citizens from objecting.

Research these things, apparently there may be proof of these activities included on Hunter’s laptop, Father remove your protection from that family and expose every detail on that laptop and bring that famiky to justice as well as the clintons and obamas who have all been in collusion with those endeavoring to force our nation into a world reset forcing the nations into the NWO to be one world under the god of this world, satan himself.
Father, Jesus, intervene please.We know these things are prophecised but even as Hezekiah prayed for more years we pray for years for the church to rise up and declare your glory to a spiritually sick and starving world. In Jesus name we thank you for hearing our prayers, exposing the Bidens, Clinton’s and Obama’s involment in using their political power to serve tge NWO agenda and removing their protections so they ard brought to justice. ALL THINGS ARE POSSIBLE with YOU, honor your word and spare our nation, and instead let these people fall into their own traps. thank you.

Grant Windholz
September 1, 2022

As we fellow Americans know, Biden is the worst President who is obviously wasn’t even elected but was bought in for his wicked mentality. However, as Christians know, the Lord Almighty is always in control and always will be! Christ is the only way to eternity b/c the time on this planet is only a wisp of time!

Karen Secrest
September 1, 2022

I find it strange that people smart enough to be in college dont under stand paying your bills are part of stewardship and the learning curve. If the people had enough collateral to get large sums why should others pay the debt? Or is this the first step of the frog in the pot. Slow cook to oblivion.

Next year are we to bail out car loans or maybe pay for homes so lenders are free to continue?

Neither a borrower or a lender be. Is that possible…

Joyce Neeley
September 1, 2022

Da. 7:25-26
“He will speak against the Most High and oppress his saints and try to change the set times and the laws. The saints will be handed over to him for a time, times, and half a time.”
“But the court will sit and his power will be taken away and completely destroyed forever.”
Praying Your Word and promises, LORD. In JESUS NAME. AMEN

September 1, 2022

Get down on your knees and pray for this man’s immediate removal. Enough is enough.

September 1, 2022

How can Biden be allowed to get away with this? It is outrageous! Someone stop him before our country is to a point of no return.


Partner with Us

Intercessors for America is the trusted resource for millions of people across the United States committed to praying for our nation. If you have benefited from IFA's resources and community, please consider joining us as a monthly support partner. As a 501(c)3 organization, it's through your support that all this possible.

Dave Kubal
IFA President
Become a Monthly Partner


Click below to share this with others

Login to Join the Conversation

Create an IFA account or login to comment, pray and interact with our community.