The Hill reports that Biden is under pressure from borrowers and Democrats to cancel student loans. The least action that he will likely take is to extend the freeze that is up on May 1.
The radical Left calls it forgiveness but, in fact, it’s placing the debt others ran up on the 50% of Americans who pay taxes.
According to The Hill, advocates for forgiveness, along with key Democrats, want more than another freeze.
Leaders of the House Progressive (socialist/communist) Caucus raised the issue with Biden in a sit-down on Wednesday. Rep. Mark Pocan (D-Wis.), who attending the meeting, said members discussed potential next steps, including “possible cancellation, possible extension of some of the programs that we’re already doing and repayments.”
“We’ve been saying for years now that we need to keep payments on pause until we cancel student debt,” said Natalia Abrams, president and founder of the Student Debt Crisis Center (SDCC).
A growing number of Democrats are calling for a new extension, ramping up pressure on the White House.
“I’m hopeful that the president is going to take action,” Sen. Cory Booker (D-N.J.) told The Hill this week. “It is something that is extraordinarily popular, not just with people with student loans, but families of people going to college.”
White House press secretary Jen Psaki on Friday said a decision needs to be made before May. She said the administration will “factor the impacts of economic data on ranges of groups of people, including students.”
Contracts and loans mean nothing. These Leftists will make US taxpayers assume the burden of everyone else’s debt. They’ll do that instead of curbing free money to colleges which fuels their excesses. Canceling free money might force colleges to make cuts and bring down costs.
Most Americans would not go to college even if it were free. Those that have college degrees earn significantly more than students who don’t have college degrees. Why should people who do not go to college pay for people who do? Should they pay for the vacation homes and summer cruises as well?
It’s because Colleges allowed Students to finance dead end degrees that Colleges need to make loans good.
I heartily agree with the sentiment here that this is just vote bribery.
The left is losing the young vote, so they want to buy them off. Communists do not respect contracts or ownership rights. They will gladly dilute our dollar to buy votes, it is stealing. I have friends that want their children’s loans forgiven, I tell them I did not sign their contract, that they have no right to take money from me. When you go $100,000 in debt to study library science, your income is insufficient to pay it off.
Rewards for the BLM/Antifa shock troops who are so terribly oppressed in evil racist America?
When they roll them out in the summer will the excuse be the impossible intolerable living conditions under bad orange man?
@GG,
The Banksters and Big Tech Bolsheviks paid for fortified democracy and they expect a ROI.
Ah yes! The Democrats will be buying more votes for the 2022 Elections and adding another 1.5 to 2 Trillion to the US Debt. Basically, this will be another Big Bank and Academic Institution Ball Out. It’s amazing that Banks in America can’t seem to survive without constant taxpayer bailouts. Colleges can’t function without Government Guarantees. Make the Colleges make good on Student Debt. It’s time for Colleges to face the music. They are the ones who benefited from all those crazy loans for worthless degrees. Start with Harvard’s 50+ Billion Dollar endowment. Maybe it’s time for the banks to fail along with the FED too. The FED is basically Bankrupt anyway since it doesn’t have 30 trillion dollars on deposit. The whole American financial system is just a Ponzi Scheme with the sole purpose of protecting the rich anyway. The FED was created by Bankers for Bankers.
Any more on the Jank Turks and the Just-Us Democrats?
Burn it all down, for the CPUSA.
They don’t have anything better than capitalism, chaos, crises, disorder, means opportunity for the Long Marchers.
“The problem with socialism is socialism.
The problem with capitalism is capitalists.”
Willi Schlamm
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