President Donald Trump Doubles All Existing Student Debt to Fund Proposed Federal Tax Forgiveness

In a move that has left economists and students alike scratching their heads, President Donald Trump announced today that he will be doubling all existing student debt to fund his proposed federal tax forgiveness plan. The decision, which was made without consulting any financial experts, has sparked a wave of confusion and outrage across the nation.

"We need to make America great again, and that means forgiving taxes," Trump declared in a press conference. "And what better way to do that than by doubling student debt? It's a win-win situation."

The plan, which has been dubbed the "Debt for Forgiveness" initiative, aims to eliminate federal taxes for all Americans by 2026. In exchange, students will see their debt burdens doubled, with interest rates skyrocketing to unprecedented levels.

"We're doing this for the American people," Trump continued. "By doubling student debt, we're ensuring that everyone can enjoy tax-free living. It's a small price to pay for freedom."

Critics have been quick to point out the flaws in the plan, arguing that it will only exacerbate the already crippling student debt crisis. "This is a disaster waiting to happen," said financial analyst Jane Doe. "Doubling student debt to fund tax forgiveness is not only irresponsible, but it's also downright absurd."

Students, too, have voiced their concerns. "I can barely afford my current student loans," said college senior John Smith. "Doubling my debt is going to ruin me financially. How is this supposed to help anyone?"

Despite the backlash, the Trump administration remains steadfast in its decision. "We're confident that this plan will work," said White House spokesperson Sarah Sanders. "The President has always been a visionary, and this is just another example of his innovative thinking."

As the nation braces for the impact of the "Debt for Forgiveness" initiative, one thing is clear: the debate over student debt and tax forgiveness is far from over. In the meantime, students are left wondering how they will ever manage to pay off their newly doubled loans.