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Biden to check if he has executive authority to cancel student loan

Biden to check if he has executive authority to cancel student loan

The White House said President Joe Biden has asked Education Secretary Miguel Cardona to prepare a memo on his legal authority to cancel student debt. Ron Klain, chief of Biden’s staff, told Politico that Cardona will prepare a memo on this issue. This comes amid a rising pressure on the president to address the issue of student loan that is affecting millions of Americans.

Timothy
Timothy
J. S. Dietrich
J. S. Dietrich 2 weeks

How are we paying for this cancelled debt? Even if Biden just cancels $10,000 per person, that's still a lot of money as it adds up fast.

Ian
Ian 2 weeks

He's not going to do anything. He's "checking if he has authority" so he can use somebody else as the scapegoat for why he's not doing anything, just like the senate parliamentarian & the $15 minimum wage. By the end of his term he'll be saying something along the lines of "I really wanted to do something about climate change, but the whitehouse janitor said I shouldn't so my hands are clearly tied."

Jack
Jack 2 weeks

Only republicans would have an issue with student debt being lifted from poor people while Bazos buys another private island

Something Witty
Something Witty 2 weeks

So, the best way to solve the ever inflating cost of student debt is to subsidize it even further? It doesn’t sound like a good idea. This is one of the issues I’m most torn on right now because it seems that both sides have horrid solutions to the problem. I believe that government subsidization has assisted in college prices rising faster than inflation... so direct interference from government has already worsened the situation, but I also agree that something needs to be done. Unfortunately I don’t know exactly what could be done without involving the government.

Rocky
Rocky 2 weeks

Welfare for the elites. Sounds like a Biden idea🤦🏽‍♂️. Can he come up with anything that helps the people that need it most? 't's amazing that these entitled ivory tower m0rons think 't's ok for them to force their plumber to pay for their college just because they made bad choices in education. What a terrible idea and a slap in the face to hard working Americans.

Jackson
Jackson 2 weeks

We wasted 1.7 TRILLION on a stealth fighter that had to be junked, while canceling student debt would only cost 1.2 Trillion

Silence Dogood
Silence Dogood 2 weeks

Both parties need to end this executive order crap..it is defacto dictatorship.

Central Scrutinizer
Central Scrutinizer 2 weeks

The best way to eliminate student loans are to pay them off. Just saying.

geckouni
geckouni 2 weeks

If the policy makes education more affordable and the graduates can start working and be productive without any baggage or burden, why isn’t it a good thing?

Noah PaulOG
Noah PaulOG 2 weeks

Just to point out how much this is all for show, the Education Secretary has no input to give on whether or not the Prez can EO debt forgiveness, even if it is to pay for schooling. If the debt was to the US government, then maybe, but he should be asking his Constitutional Lawyers about it. Since the debt isn't to the US, it would have to be paid off, which is Congress.

chris
chris 2 weeks

They signed for the loan, it must be reaid. However I think the interest should be canceled.

ttocsick
ttocsick 2 weeks

No, he doesn't. But he's gonna try it anyways

jamie
jamie 2 weeks

Systematic destruction

Viviko
Viviko 2 weeks

... By cancel, you mean print more money and steal more of our savings?

Jon
Jon 2 weeks

Yes you do

Aaron
Aaron 2 weeks

If so does that make me the responsible cosigner?

Mod Okay
Mod Okay 2 weeks

O man if Biden pulls that off he would skyrocket to the best president for alot of people.

Leonard
Leonard 2 weeks

So, I worked at times 3 jobs to pay my student loan debt and now this clown wants me to pay for the loans of others too????

Bryan_with_a_why
Bryan_with_a_why 2 weeks

All of the sudden they care about following the constitution? Haha what a joke

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