Knowing this, President Joe Biden is considering an Executive Order that contradicts a campaign promise and is now considering far more substantial coverage of the $1.6 trillion owed by 43 million people. Many of those people have sociology degrees in Gender Studies, Race studies, and community activism - degrees that cost way more than anyone could make back through being employed in these fields. And to be sure, these fields are as useless as a 3 AM purchase of a Flowby hair trimmer on an infomercial - in fact, it is these degrees that are pushing CRT and LGBTQIA policies in America.
Biden alluded to his plan during a meeting on Monday with the Congressional Hispanic Caucus, where he told Rep. Tony Cardenas, a California Democrat, that he had intentions that would satisfy the group.
The President previously supported canceling up to $10,000 of debt per student, though he announced that he would be open to forgiving a larger, unspecified amount.
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It remains unclear precisely how many students could be affected, although Biden has shown that he’d be willing to forgive debts owed to public and private colleges. Biden made the vow as he faces tanking approval ratings with only months to go until the midterm elections that political pundits predict will see heavy losses for his Democrat party.
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It will likely appeal to younger, Left-leaning voters, though has angered conservative critics who say the move smacks of nannying and that the inflation-hammered U.S. can ill-afford it. Cardenas told CBS that the President provided no specifics but smiled and announced, “You’re going to like what I do on that, I’m looking to do something on that and I think you’re going to like what I do.”
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“The President never mentioned an amount nor did the President say that he was going to wipe out all student debt,” Cardenas stated. “He did a dialogue with us about the differential between young people who went to public schools or private schools and we CHC members said he should focus on both.” And he said, “Okay, good to know.”
On Monday, the White House said it did not yet have any plans on how canceling student debt would work. However, Press Secretary Jen Psaki reiterated that the Administration will eventually declare a decision about canceling “some student loan debt” between now and the end of August.
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The August deadline stems from the Administration’s choice earlier this month to extend the pandemic-era pause on federal student loan payments through August 31, saving borrowers $5 billion in interest payments a month, according to the U.S. Department of Education.
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Some Democrats have called on him to use executive action to cancel $50,000 in debt per borrower, with Squad members Alexandria Ocasio-Cortez and Ayanna Pressley pressing Biden to cancel all student debt. Rep. Ocasio-Cortez of New York denounced the Biden Administration’s decision to extend the moratorium on student loan payments, saying that it was just a stall tactic that leaves young people uneasy.
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