When Americans head to the polls in November, President Joe Biden will have had a direct effect on the household finances of about 4 million of them: He canceled their student loan debt.
Biden authored and passed the legislation preventing students from declaring bankruptcy due to crushing student loan debt, as a huge handout to the banks in a thinly veiled regressive tax siphoning money direct to their coffers.
I’m happy for those who got at least some debt relief out of this, but not at all satisfied with Biden’s breadcrumbs 30 years after his disastrous policy making. The exorbitant cost of higher education in America today is an absolute disgrace.
Biden authored and passed the legislation preventing students from declaring bankruptcy due to crushing student loan debt, as a huge handout to the banks in a thinly veiled regressive tax siphoning money direct to their coffers.
I’m happy for those who got at least some debt relief out of this, but not at all satisfied with Biden’s breadcrumbs 30 years after his disastrous policy making. The exorbitant cost of higher education in America today is an absolute disgrace.