Biden Exploring Student Debt Cancellation By Executive Order
April 28, 2022
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10:01Now PlayingBiden Exploring Student Debt Cancellation By Executive Order
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as posted by the channelPress Secretary Jen Psaki assures no one has had to pay any student debt through the Biden Presidency thus far, as a recent memo from the Department of Education regarding President Joe Biden’s ability to cancel student debt was published and was redacted almost entirely. The Majority Report crew discuss the incompetence of the Democratic Party and how it seems they are always operating in fear, as there are no signs of fulfilling the student debt promise Biden made on the campaign trail—10,000 dollars forgiven—because of causing older voters and banks to be upset. The MR crew also talks about how relief of student debt would not cause inflation, as it would not be injecting more money into the current system.
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This ongoing story about Joe Biden with student debt, we have a breadcrumb to give you and that’s all it is at this point. But a reminder that no one has paid any student debt through the Biden presidency. This was not his first initiative, it was a Trump moratorium that was established on student debt, and that moratorium continues. The latest extension is to run out in August, I believe it is of this year. Here is Jen Psaki addressing that. [External video] And remember there has been a memo from the Department of Education lawyers as to whether Joe Biden has the authority to do this. They’re still working on it. They released the memo. It’s redacted. Because this is top secret information. Biden is still looking at it. It’s like a where’s Waldo, right? He’s just got to look really hard to figure out if he has the authority to do his campaign promise. This is better, let me put it this way. This is a good sign, as they have not ruled it out, and they are clearly not. Here is the memo.
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