Spending can be an investment too, so I think broadly characterizing them as spending bills is misleading which makes the characterization of "Democrat inflation" also misleading. An easy example is the national highway system which was a spending bill, yet we reaped massive (although problematic in my opinion) economic gain from doing so.

I'm conflicted on student loan forgiveness, but I don't see it as any worse than numerous corporate subsidies and bailouts, and is likely a better use of money than what we normally spend. If this forgiveness bill proceeds forward as it is likely to do, I think coupling it with a measured withdrawal of the federal government from guaranteeing student loans and also allowing student loans to be discharged in bankruptcy would be ideal.