Biden's standing is way stronger on wiping debt than issuing memos on immigration. This SCOTUS will usurp power from the executive once lawsuit comes in however.
handouts are eventually reflected on the stock market. It's a fiction that cons. worry about spending. They'll have to weigh market bump vs handing Joe a win so close to election.
I disagree.I agree with 2021 Nancy,the president cant do this.He gets and keeps credit for it though.
Very simple solution, - Majority of debts would be gonne in a decade. & These should be shown to potential students, before they place the signature.
I'd have to look into it again but I'm fairly certain student debt (not just any debt) is one of those things that the president has huge power over. Similar to drug scheduling. Nancy isn't credible so I'd take anything she says w/a grain of salt.
but the question is not whether it is a ploy...everything politicians do are ploys to get votes... question is whether a president can wave repayment on debts authorized and budgeted by congress.
Heres the legal justification for those interested… https://www.justice.gov/olc/file/1528451/download
Well if it is administered out of the Dept of Ed budget then it is within the Executive Branch and the President can certainly exercise some power over it.
Cross posted Transactional politics may never be so clear as Biden’s student debt forgiveness and Trump’s tax cuts: