Straight Line of the Day: Wait; Biden’s Decided Not To Cancel Everyone’s Debts? Another Campaign Promise Broken Is…

Straight Line of the Day: Wait; Biden’s decided not to cancel everyone’s debts? Another campaign promise broken is…

Will Biden cancel massive student loan debt? Suddenly, that’s looking doubtful
Yahoo Finance | Clayton Jarvis \ 5/22/21

… in a new interview, Biden is sounding more skeptical about canceling $50,000 in student loan debt per person, which is the goal of several Democrats in Congress. And a report about the upcoming White House budget suggests $10,000 may be off the table for now, too.

The White House said at the beginning of April that the president asked his education secretary, Miguel Cardona, to investigate whether Biden has the authority to forgive up to $50,000 in student loans. Given that it’s been more than seven weeks, it’s reasonable to think the verdict will come soon, maybe even within days.

But borrowers may not want to get their hopes too high. In a new interview, the president makes clear that he doesn’t want to be overly generous with student debt relief.

“The idea that you go to Penn (the University of Pennsylvania) and you’re paying a total of 70,000 bucks a year and the public should pay for that? I don’t agree,” Biden says, in the interview with David Brooks of The New York Times.

Brooks then attacked Biden. . . . . No, wait. That was Major.

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