‘We Need Full Abolition,’ Advocates Say as Biden Reviews Authority to Cancel Student Debt

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    • #414983
      • Total Posts: 9,978


      Lawmakers—led by Senate Majority Leader Chuck Schumer (D-N.Y.), Sen. Elizabeth Warren (D-Mass.), and Rep. Ayanna Pressley (D-Mass.)—and over 325 advocacy groups have argued that Biden should cancel up to $50,000 in debt per borrower. As Warren said in February: “President Biden can take the single most effective executive action available to provide a massive stimulus to our economy, help narrow the racial wealth gap, and lift this impossible burden off of tens of millions of families.”

      Those comments came at an event to reintroduce a “visionary” plan that Warren and Schumer unveiled last September, anticipating a possible Biden presidency. They have repeatedly pointed out that Congress has given the secretary of education authority to cancel student debt under section 432(a) of the Higher Education Act of 1965.

      Warren and Pressley joined with Massachusetts Attorney General Maura Healey and an impacted borrower Thursday to urge the Biden administration to cancel student debt.

      “Today we’re all here to call on President Bident to do right by the movement that elected him and to use his executive authority to cancel $50,000 in federal student loan debt,” said Pressley. “We find ourselves in a moment of crises—of public health and economic crises… crises of racial injustice and white supremacy… and a growing student debt crisis which disproportionately impacts Black and Brown borrowers.”

      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

    • #415071
      Bernie Boomer
      • Total Posts: 545

      If they can cancel ten thousand or fifty thousand, they can cancel it all. It’s just numbers on a balance sheet.

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