The Biden administration's latest draft proposal outlines 17 different factors that could qualify borrowers for student debt relief due to financial hardship.
Congress having the sole power to appropriate funding
Cancelation of debt owed to the education department isn’t appropriation. As the holder of the loans, the department owns and controls those loans, not Congress.
Forgiving debt is not the same as spending money, especially since the increased economic activity from people not being crushed under a mountain of debt would benefit the economy greatly and thus result in more gain of revenue than the loss of potential revenue.
I want to be clear I’m in full support of discharging as much student loan debt as possible.
Clearly not, since the applicable law permits the cancelation of 90% of all student debt and you’re against doing that.
I’m also a realist an apologist for the unnecessary fecklessness of the Dem leadership
Cancelation of debt owed to the education department isn’t appropriation. As the holder of the loans, the department owns and controls those loans, not Congress.
Forgiving debt is not the same as spending money, especially since the increased economic activity from people not being crushed under a mountain of debt would benefit the economy greatly and thus result in more gain of revenue than the loss of potential revenue.
Clearly not, since the applicable law permits the cancelation of 90% of all student debt and you’re against doing that.
Fixed that for you