“I do think in this moment of economic pain and strain that we should be eliminating interest on the debts that are accumulated, No. 1. And No. 2, I’m prepared to write off the $10,000 debt, but not [$50,000],” Biden said, saying he doesn’t believe it can be done with presidential action.
The White House previously said the Office of Legal Counsel was reviewing whether Biden could unilaterally cancel federal student loan debt.
Read more at The Hill.
{Matzav.com}
If him and Obama can give Iran a cool $1.7 billion, why not write off the $50,000 in student debt. I don’t think the $50,000 would be going to Iran’s coffers anyway, so why not write it off, Joe?
how about giving $50,000 to every parent paying high tuition costs
HOW CAN YOU FORGIVE A DEBT OWED BY A THIRD PARTY? i
IT MEANS THAT THE US GOVERNMENT PAYS OFF THE LOAN AT THE TAXPAYER’S EXPENSE.
That’s what we love about President Biden. He is a man of his word. He doesn’t buckle to any pressure from his advisers.