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Rumor Mill News Reading Room, Current Archive

Report: Joe Biden to Ditch Student Loan Forgiveness from Budget, Breaking Campaign Promise

Posted By: RumorMail
Date: Wednesday, 26-May-2021 12:21:33
www.rumormill.news/173196

BY Wendell Husebø 24 May 2021

President Joe Biden will reportedly ditch student loan forgiveness from the budget this week, breaking a campaign promise to far-left Democrats.

“The idea that you go to Penn and you’re paying a total of 70,000 bucks a year and the public should pay for that? I don’t agree,” Biden said to the New York Times on May 20 about his suspicion over college debt forgiveness.

The report of Biden reneging on his campaign promise to cancel $10,000 in school loans may infuriate the likes of Sens. Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer, along with Rep. Alexandria Ocasio-Cortez (R-NY), who have pushed Biden to forgive up to $50,000 in debt.

“Canceling student loan debt is the single most effective executive action that President Biden can take to kickstart this economy,” Warren has said.

White House press secretary Jen Psaki stated in March Biden was “exploring options” about canceling student loan debt.

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Articles In This Thread

Report: Joe Biden to Ditch Student Loan Forgiveness from Budget, Breaking Campaign Promise
RumorMail -- Wednesday, 26-May-2021 12:21:33
Biden Ditches ‘Buy American’ with Plan to Outsource Metals Supply Chain
RumorMail -- Wednesday, 26-May-2021 12:22:58

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AN EXPLANATION OF THE FACTIONS