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President Biden
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<blockquote data-quote="rickyb" data-source="post: 5139100" data-attributes="member: 56035"><p>The Debt Collective</p><p>@StrikeDebt</p><p>·</p><p>2h</p><p>The case for student debt cancelation couldn't be stronger: It would change millions of people's material lives for the better, boost the economy, narrow the racial wealth gap and wouldn't cost taxpayers a penny. It's politically popular and can be done with the stroke of a pen!</p><p></p><p></p><p>----------</p><p>first cnbc article on google says maybe he can. a legal team at harvard in that article figures yes.</p><p></p><p>--------</p><p>"Under pressure from activists, President Biden campaigned on a promise to cancel an immediate minimum of $10,000 of student debt per borrower. Thanks to the Higher Education Act of 1965, he has the power to cancel all federal student loans. With the single signature on an executive order, President Biden can free people from student debt, giving tens of millions of people their lives and futures back. Now we need to make him do it and much more. We deserve nothing less than a jubilee."</p><p></p><p>[URL unfurl="true"]https://www.democracynow.org/2021/12/9/student_debt_loan_moratorium[/URL]</p><p></p><p>"ASTRA TAYLOR: Yes. As the animation shows, Biden is part of a long line of American presidents who have sided with creditors. I mean, we have what some scholars call a creditors’ constitution. The struggle between debtors and creditors is really essential to the founding of this country.</p><p></p><p>But Biden has played a really significant role as the former senator from Delaware, which is the credit card capital of the world. So he was absolutely instrumental in passing 2005 bankruptcy reform, which was something that credit card industries really wanted. It repealed bankruptcy protections for student debtors with private loans. So he has been on the wrong side of this.</p><p></p><p>That said, because of organizing, because of the group the Debt Collective, which I founded and I organize with, and other activists, you know, he was forced to run on a promise of $10,000 across-the-board debt relief, and even more for students from certain colleges. And he has the authority. We know this. The very same authority that Donald Trump used to do the student loan payment pause is the authority that President Biden can use to cancel all federal student debt — not just $10,000, not just $50,000, but all of it."</p><p></p><p>----------</p><p></p><p>i can post more from twitter as i see it, i scrolled for about 10 minutes</p></blockquote><p></p>
[QUOTE="rickyb, post: 5139100, member: 56035"] The Debt Collective @StrikeDebt · 2h The case for student debt cancelation couldn't be stronger: It would change millions of people's material lives for the better, boost the economy, narrow the racial wealth gap and wouldn't cost taxpayers a penny. It's politically popular and can be done with the stroke of a pen! ---------- first cnbc article on google says maybe he can. a legal team at harvard in that article figures yes. -------- "Under pressure from activists, President Biden campaigned on a promise to cancel an immediate minimum of $10,000 of student debt per borrower. Thanks to the Higher Education Act of 1965, he has the power to cancel all federal student loans. With the single signature on an executive order, President Biden can free people from student debt, giving tens of millions of people their lives and futures back. Now we need to make him do it and much more. We deserve nothing less than a jubilee." [URL unfurl="true"]https://www.democracynow.org/2021/12/9/student_debt_loan_moratorium[/URL] "ASTRA TAYLOR: Yes. As the animation shows, Biden is part of a long line of American presidents who have sided with creditors. I mean, we have what some scholars call a creditors’ constitution. The struggle between debtors and creditors is really essential to the founding of this country. But Biden has played a really significant role as the former senator from Delaware, which is the credit card capital of the world. So he was absolutely instrumental in passing 2005 bankruptcy reform, which was something that credit card industries really wanted. It repealed bankruptcy protections for student debtors with private loans. So he has been on the wrong side of this. That said, because of organizing, because of the group the Debt Collective, which I founded and I organize with, and other activists, you know, he was forced to run on a promise of $10,000 across-the-board debt relief, and even more for students from certain colleges. And he has the authority. We know this. The very same authority that Donald Trump used to do the student loan payment pause is the authority that President Biden can use to cancel all federal student debt — not just $10,000, not just $50,000, but all of it." ---------- i can post more from twitter as i see it, i scrolled for about 10 minutes [/QUOTE]
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