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CongressWoman Pressley; Yes, Biden does have the authority to Cancel StudentDebt with the stroke of a pen.
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What the fuck does "better sent on early childhood education" mean? Can America only pay for one thing at a time? Sounds like the good old fashioned Biden bullshit I'm used to.
Navient is in Delaware, Biden isn't going to wipe them out cancelling 50k worth of debt across the board. The expectation should be 10k, anything more than that and you're setting yourself up for disappointment.
I'd be ecstatic if he did $10k. That's about half what my wife owes. It wouldn't be life-changing, but it would be a huge psychological relief.
I'm all for more if it's possible, but I suspect he wants to do a larger amount as some sort of higher education reform bill that actually gets at the root of the problem so future presidents don't have to cancel debt by EO again.
I'm all for more if it's possible, but I suspect he wants to do a larger amount as some sort of higher education reform bill that actually gets at the root of the problem so future presidents don't have to cancel debt by EO again.
The expectation should be that the President works for people, not corporations, but considering the US considers corporations to be people... yeah.
We have to be loud about this if anything is going to pass at all.
Do as much as you can, however you can.
If it's 10k with the pen and more by the Senate, do that. If it can be done in a second reconciliation, do that. Just make sure some amount gets done, no matter what.
If it's 10k with the pen and more by the Senate, do that. If it can be done in a second reconciliation, do that. Just make sure some amount gets done, no matter what.
What is the point of getting rid of student debt, when kids are filling out their FAFSAs to borrow money as we speak? Honest question.
Look, I'm not going to hop on the "Era Biden hate train", but the defense force needs to recognize how much bullshit this is. He's already said he'd do 10k through executive order, and now he's not sure he can do it? Fuck off.
Interesting. I think Biden will do it. I think the Senate Democrats and Biden are playing off of each other. Eventually Biden will "cave", which will make it seem like a victory for the Senate Democrats, which will help their re-election chances in 2021.
I fully expect Osoff and Warnock to chime in soon in support of canceling debt.
I fully expect Osoff and Warnock to chime in soon in support of canceling debt.
$50k is easy to accrue even from going to a state college. Fuck this "only students going to elite colleges".
Cancelling student debt would have a HUGE stimulative effect as people can use that money to spend on actual life-stage stuff (e.g. maybe getting married, buy a house, have babies).
Student debt forgiveness is one of the largest ways to stimulate the economy, especially through minority communities. The interest on the debt is crushing people.
Saying "we can't cancel debts because people might get in debt in the future" is short sighted. Help those that need it now, figure out new policies as we go.
I racked up nearly 100k in debt from public universities, in a mixture of private and public loans. Fuck this nonsense that 50k will only be bailing out the elite. I am barely getting by as an educator; I can't own a home, buy a car, take vacations because I literally cannot tolerate the cost and make my $600/month payment.
I know, the student loan mess is a huge reason why I don't trust the Democratic party as much as I'd like to. Cutting blank checks for college was always going to skyrocket costs and lead to a debt crisis. The people who implemented it either knew that would happen and didn't care or they're straight up stupid. The longer the idiocy of our student loan system is allowed to continue the worse off both the population and higher education will be.
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Schumer needs to get a hold of Biden's Republican act and get him to move on this
FYI it's the same thing he's been saying all along: he only feels comfortable doing 10K blanket via EO, any more should be through congress as part of an actual student loan reform bill. And that's not inherently a bad thing...
note I owe 30k and I still don't have a window of when I can possibly clear it so I'd bequite pleased if it passed that threzhold
note I owe 30k and I still don't have a window of when I can possibly clear it so I'd bequite pleased if it passed that threzhold
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Good stuff from Warren, more Dems should join this chorus to get this clown to stop being a Republican
The "not sure he can do it" is in regards to the $50k number, not the $10k.
The more Joe talks like this the more I want a Harris presidency. This is the guy with "an unusual amount of empathy" that the media was talking about?
Stop making excuses for his behavior. It's morally wrong as well, as this would help out Black women the most. The same demographic who put him into power.
Stop making excuses for his behavior. It's morally wrong as well, as this would help out Black women the most. The same demographic who put him into power.
How is that wrong it's the same shit he's been saying for a year
It's a false dilemma that he's fabricating.
Yeah this is coming down to Biden not wanting to put himself out there and pissing off the Student Loan organizations.
I say this as an extremely privileged white person who went to a private school and had to take 0 loans and was able to graduate with $0 in debt.
He should cancel $50k in student debt.
I understand it doesn't solve the underlying problem and there a systemic issues at hand. But there is absolutely 0 reasons why you can't try to do both.
He should cancel $50k in student debt.
I understand it doesn't solve the underlying problem and there a systemic issues at hand. But there is absolutely 0 reasons why you can't try to do both.
Yep. I still expect the 10k to be done by EA, but they might have to get the 50K (or more) done legislatively, whether Biden can legally do it or not.
Yet, everyone is saying he can do it, including Congress people. So he should know that he can.
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User Banned (1 Week): Disingenuous, Bad Faith Arguments Over a Series of Posts
Its just like the BS discussion of Covid relief should only go to people making around 50k or less.
Biden sounds right of Trump sometimes
Agreed. I'm thinking they knew the risks, but also knew they would profit massively off of the system as opposed to those actually putting in the work. It really is awful.
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