Schumer Says Biden ‘More Open’ to Canceling Student Debt by Executive Action

Imagine having the power to wave a magic wand and make the staggering amount of $1.6 trillion disappear into thin air?

Then imagine an American president having that kind of power. Suffice it to say, America wouldn’t be America for very long if a president could do that.

Joe Biden thinks he has that power. Democratic Senate Majority Leader Chuck Schumer told the Student Debt Crisis Center, a group advocating for the cancelation of all student debt, “We’re making progress, folks. We are making progress. The White House seems more open to it than ever before.”

It’s not just the staggering amount of money that would disappear if Joe Biden listened to the radicals urging him to cancel all student loan debt. What about personal responsibility? What do we say to those millions of Americans who either didn’t take out student loans and worked their way through college or acted responsibly and paid off the loans they took out to get an education?

“Sorry, chumps,” we should tell them. “Acting responsibly is for losers.”

Business Insider:

Following the extension of the student-loan payment pause, with waived interest, through August 31 last week, both Democratic and Republican lawmakers expressed their grievances with the additional temporary relief. The GOP argued further relief was not warranted and said it would hurt taxpayers and the economy, while Democrats said an extra four months was not enough — the pause needed to be extended through at least next year to fix flaws in the student-loan industry and allow time for debt cancellation.

Lawmakers have made their opinions of student-loan relief clear, but Biden himself has not. He pledged during his campaign to approve $10,000 in student-loan forgiveness, but since then, he has been silent on the issue, despite implementing targeted relief to certain groups of borrowers, like those defrauded by for-profit schools.

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