Media reports today screamed that Prsident Biden was canceling ‘student loans’…..
They are gonna be erased?
First of all?
Joe Biden does NOT want to do this…
He hasn’t responded to pushes and shoves to do so for a year and half….
Freezing payments isn’t forgiving anything…..
His handlers have rushed to define what their boss ‘means’….
The President ‘supports’ the effort to forgive ‘some ‘ loans….
While Senator’s Warrene and Sanders would like to se ALL of the trillions of student loan debt whipped out?
Biden is edging for maybe $10,000…..
Not even the $50,000 some have talked about as a middle ground….
But even that has a catch….
Biden wants Congress to do the deed…
I wouldn’t get too excited about this….
Congress isn’t gonna get Biden off the hook….
And just like with arming the Ukraine?
If he isn’t pushed to do this?
He ain’t gonna do it at all…
As Biden’s tenure has gone on, he’s faced growing pressure to deliver on broad student loan relief. And some key Democratic lawmakers, including Senate Majority Leader Chuck Schumer of New York and Sen. Elizabeth Warren of Massachusetts, have called on Biden to broadly cancel up to $50,000 of student loan debt per borrower.
The White House has long indicated that the President would support action by Congress to eliminate $10,000 in student loan debt forgiveness for borrowers, but Biden hasn’t made clear whether he would use executive powers to immediately provide that mass debt relief. But it’s unlikely Congress, where Democrats have a slim margin, has the votes to pass legislation broadly canceling debt.
White House press secretary Jen Psaki said on Tuesday that Biden will make a decision on whether to take further action on student loan relief “before there’s an end to that pause.”
“Right now, it’s been extended through August … he is looking at other executive authority options he has to bring relief to people who have student loans. So, that’s what he conveyed during the meeting yesterday,” she added….