Tag Archives: student loan debt

Schumer wants Biden to cancel student loan debt

Way to unify the country: Have taxpayers pay the debt of those who chose to enter into a contract.

Schumer wants Biden, through executive order, to immediately cancel up to $50,000 of student debt per borrower. Per the Yahoo story, Biden has called for forgiving $10,000 in student loan debt as part of a broader Wuhan virus relief package.

“Getting rid of student debt,” Schumer said during an interview with The Ink. “I have a proposal with Elizabeth Warren that the first $50,000 of debt be vanquished, and we believe that Joe Biden can do that with the pen as opposed to legislation.”

Guess who owns most of the public student loan debt? Taxpayers.

So let me understand this liberal logic: Government issues loan, government cancels loan, and then government puts one’s debt onto another taxpayer?

What a racket!

Heaven forbid the government actually look at the CAUSE of skyrocketing debt and develop a viable SOLUTION. Guess it’s much easier to make this problem “vanquish.”

DCG

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