Over 80 Democrats say it’s time for Biden to cancel $50,000 of student debt.
By Sharon Zhang, Truthout
Over 80 Democrats have demanded that President Joe Biden cancel a portion of student debt and release an Education Department memo on his legal authority to do so, in an effort led by Rep. Ayanna Pressley (D-Massachusetts) and Senators Elizabeth Warren (D-Massachusetts) and Chuck Schumer (D-New York) this week.
In a letter to the president, the lawmakers wrote that Biden should immediately cancel up to $50,000 of student debt per borrower – a move that would boost the economy and provide a lifeline to the millions of Americans with student loans. The lawmakers emphasized that the president should act with urgency, as student loan payments are due to restart in three months.
“Canceling $50,000 of student debt would give 36 million Americans permanent relief and aid the millions more who will eventually resume payments their best chance at thriving in our recovering economy,” the lawmakers said. “In light of high COVID-19 case counts and corresponding economic disruptions, restarting student loan payments without this broad cancellation would be disastrous for millions of borrowers and their families.”
Recent Posts
Will Democrats Learn From The Biden Disaster? Probably Not
Take Action Now The Democratic Party’s propping up an obviously declining Joe Biden is one of the greatest political disasters in American history.…
Gaza: What’s Worse Than the Language of Brutality?
Take Action Now They say talk is cheap—but this is talk that kills.By Richard (RJ) Eskow, The Zero Hour Report Our thoughts may shape our words,…
Is AIPAC Coming After Ilhan Omar?
Take Action Now A poll sent to Omar’s district tested the waters on a Democratic candidate backed by “a right-wing, pro-Israel group that is funded…
The Horrors Inflicted For 500 Years
Take Action Now Then (the New World) and Now (Israel)By Greg Grandin, Tom Dispatch Leon Golub once related a story to a mutual friend. A Chicago…