This Tuesday, seven states, led by Missouri’s Republican Attorney General, sued the Biden administration to stop his most recent attempt to reduce student debt. In a separate lawsuit, ten other Republican-controlled states filed a separate lawsuit to try to block the same Biden effort.
The week before, somebody slipped this little gem into Maria Cantwell’s must-pass legislation reauthorizing the Federal Aviation Administration (FAA) (my inquiry to her press office was never answered):
“The Secretary, the Secretary of the Treasury, or the Attorney General may not take any action to cancel or forgive the outstanding balances, or portion of balances, on any Federal Direct Unsubsidized Stafford Loan, or otherwise modify the terms or conditions of a Federal Direct Unsubsidized Stafford Loan, made to an eligible student, except as authorized by an Act of Congress.”
In other words, it appears, they’re trying to use the force of law to prevent President Biden from forgiving a large category of student loans. As Forbes noted:
“A proposed bill […]
Thom Hartmann is right on this one. His history of this is correct. It started with Ronald Reagan, and has gained momentum with neo-liberal economics since. Student debt is crippling our young. It curtails their ability to contribute and be creative. We are a society with a profound twisting of our moral values. We will provide millionaires and billionaires with tax breaks but we won’t unshackle our young from the chains of debt.
I am 70 years old and was a Democrat until my choice was Hillary. I campaigned door to door for bill clinton and he failed to support the middle class and unions. As I understand the problem of student debt, joe Biden caused it. The democratic committee are their own worst enemy.