Chuck Schumer And Democrats Pressuring Joe Biden To Forgive Student Loan Debt

In addition to free college, Democrats have long pushed for student loan debt forgiveness.

Now that it looks as though Joe Biden might actually be installed as president, Chuck Schumer and other Democrats are already pushing Biden to forgive student loan debt.

Who do you think would end up paying for this? Taxpayers, naturally.

CNBC reports:

Chuck Schumer says Biden could forgive $50,000 in student debt with executive order

In a recent interview with Anand Giridharadas, Senate minority leader Chuck Schumer suggested that President-elect Joe Biden should issue significant student loan forgiveness through an executive order, describing a possible FDR-style agenda during Biden’s first 100 days.

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“I have a proposal with Elizabeth Warren that the first $50,000 of debt be vanquished,” said Schumer. “And we believe that Joe Biden can do that with the pen as opposed to legislation.”

Schumer also mentioned policies to address climate change, wealth inequality, immigration reform and criminal justice reform. “It’s a big, bold agenda,” he said. “My job is to get as much of that passed and get the votes for it, which obviously is not something I can snap my fingers and do.”…

According to the proposal, “Individuals working in schools, government and other non-profit settings will be automatically enrolled in this forgiveness program; up to five years of prior national or community service will also qualify.”

If this is going to happen, why don’t the colleges and universities pay for it?

Also, what message does this send to the people who paid off their student debt? Were they suckers?

 

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