Column: Biden's plan to cancel student loan debt is anything but progressive (via latimesopinion)
he doesn’t have). The HEROES Act, passed in the wake of 9/11, was meant to help military personnel and others with student debt relief in wartime or national emergencies. Congress surely didn’t intend to give the president unilateral power to erase all civilian student loans as he sees fit.is invoking wartime powers for his personal — and partisan — domestic policy priorities.
Canceling student debt, long an obsession of progressives, is seriously regressive. According to the nonpartisan, more than 6 in 10 beneficiaries of the $10,000 blanket forgiveness are in the top 60% of the income distribution. But that’s just a snapshot. Many of those recipients are young people just starting their careers. According to one typical study, having a four-year college degree
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DAY SEVEN: White House refuses to explain who will pay for Biden's $500B student loan handoutWhite House officials continue to stay quiet about how they plan to pay for President Biden's plan to cancel $10,000 to $20,000 in student debt for millions of Americans.
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Column: GOP ratchets up the hypocrisy in opposing Biden's student debt plan'It’s well past time for the critics of student debt relief to get honest about their real purpose. It’s to protect wealthier Americans who fear their income taxes will have to rise to pay for that relief,' writes hiltzikm.
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