Official Student Debt Cancellation Watch Thread

Primetime21

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Welp. :francis:

This guy really fukking sucks ass. :snoop:





Nah this fool better come through. Even if its not 50k, this is directly from the lift every plan on his site:

Biden’s plans to address student loan debt will alleviate student debt burdens by:
  • Including in the COVID-19 response an immediate cancellation of a minimum of $10,000 of federal student loan debt.
  • Forgiving all undergraduate tuition-related federal student debt from two- and four-year public colleges for debt-holders earning up to $125,000. This will also apply to individuals holding federal student loans for tuition from private HBCUs and MSIs.
 

King Kreole

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Nah this fool better come through. Even if its not 50k, this is directly from the lift every plan on his site:
He ain't wanna do shyt, man. He's gonna have to be dragged kicking and screaming to help people. The "plans" on his site don't mean shyt.:francis:
 

AquaCityBoy

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Don't know why anybody thought this was going to happen, or why they'd be surprised it wasn't.
 

nyknick

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Democrats were able to perpetuate the myth that the President is a powerless figure without Congress during Obama's years. But after Trump's term running with the same lie is basically spitting in people's faces :hhh:


I'm sure the coli's Lincoln Project Democrats will be fine with Biden sitting on his hands and then find a way to blame progressives :manny:
 
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Ethnic Vagina Finder

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President-elect Joe Biden cast doubt on a popular Democratic idea involving executive action that would cancel up to $50,000 in federally-held student loan debt for roughly 43 million American borrowers.

"I’m going to get in trouble for saying this," Biden told a meeting of news columnists on Wednesday, raising the Democratic argument that "the president may have the executive power to forgive up to $50,000 in student debt. Well, I think that’s pretty questionable. I’m unsure of that. I’d be unlikely to do that.”

Earlier this week, while introducing his nominee for Education Secretary, Miguel Cardona, Biden declared support for forgiving $10,000 in student debt across the board — through legislation passed by Congress.

“It’s a balancing act, but I’m optimistic that we can get a lot of the things that I’d like to do done,” Biden said on Wednesday. “I’ve spent most of my career arguing against the imperial presidency. We got three equal branches of government. I’m confident that there are a number of areas that are of such consequence that they go beyond the partisan boundaries.”

‘Cancel existing student loan debt under a distinct statutory authority’
Consumer advocates and several Democrats— including Senators Chuck Schumer (D-NY) and Elizabeth Warren (D-MA) in addition to Representatives Ayanna Pressley (D-MA) and Ilhan Omar (D-MN) — have repeatedly called for Biden to take executive action on student debt cancellation.

“President Biden can undo this debt — can forgive $50,000 of [student] debt — the first day he becomes president,” Schumer said. “You don't need Congress. All you need is the flick of a pen.”

A new member of the incoming Biden administration’s National Economic Council, longtime Warren aide Bharat Ramamurti, also previously argued in support of the president’s authority to cancel debt.

The basic argument, as detailed by the Legal Services Center of Harvard Law School to Senator Warren, is that the Education Secretary has the power “to cancel existing student loan debt under a distinct statutory authority—the authority to modify existing loans found in 20 U.S.C. § 1082(a)(4).”

Other experts believe that the argument is flawed and would not survive legal challenges.

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No balls. He know damn well congress won’t pass it, so he can simply blame them.
 
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