Pelosi Under Fire for Parroting ‘Right-Wing Lies’ Against Student Loan Debt Cancellation

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    • #437607
      • Total Posts: 9,978

      House Speaker Nancy Pelosi was met with swift backlash Wednesday after she claimed that President Joe Biden does not have the authority to cancel federal student loan debt on his own, a position that puts her at odds with legal experts and prominent members of her own party. “People think that the president of the United States has the power for debt forgiveness. He does not,” Pelosi (D-Calif.) said during a press briefing. “He can postpone, he can delay, but he does not have that power. That has to be an act of Congress.”

      The Debt Collective, a union of debtors urging Biden to forgive all $1.8 trillion in outstanding federal student loan debt, accused the House Speaker of parroting “right-wing lies” against debt cancellation.

      “The truth is Biden can cancel 100% of your federal student loans with a signature. We wrote the paperwork for him to do it,” the group tweeted, pointing to a draft executive order it released last month.

      Last September, Eileen Connor, Deanne Loonin, and Toby Merrill of the Project on Predatory Student Lending argued in a letter (pdf) that—contrary to Pelosi’s claim—the president has the power to “direct the secretary of the United States Department of Education… to exercise his or her existing authority to cancel federal student loan debt on a broad or categorical basis. We have consulted the statutory and regulatory framework governing federal student loan programs administered by the Department of Education, as well as the framework and controlling interpretations of the budgetary structure of these programs,” the legal experts wrote. “We conclude that such broad or categorical debt cancellation would be a lawful and permissible exercise of the secretary’s authority under existing law.”

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #437851
      • Total Posts: 3,711

      Multimillionaie democrat “leader” tells desperate Americans financially indebted for life with a shithole education that they are shit out of luck.

      All governments lie to their citizen's, but only Americans believe theirs.

    • #437854
      • Total Posts: 5,195

      She’s either parroting right wing lies, or eating $15/pint ice cream.

      "Those who make peaceful revolution impossible will make violent revolution inevitable". - John F. Kennedy

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