'What should be a slam-dunk opportunity to energize voters young and old may instead become a bureaucratic mess that offers too little relief for too much complexity,' warn MaxMoranHi & HannahStoryB RevolvingDoorDC on Biden CancelStudentDebt plan
Using his executive authorities on any or all of these issues would show that the President cares about the suffering of ordinary people being plundered by the elite.
Using his executive authorities on any or all of these issues would show that the President cares about the suffering of ordinary people being plundered by the elite. That's what the political impact of student debt cancellation would be, too: imagine if millions of people suffering under unpayable debt burdens woke up one day, checked the news, and found out that the thing that had been weighing on them since they were 18 years old had suddenly vanished, all thanks to the President.
That moment of hope will not materialize if it's clouded by frustrating paperwork and time-consuming red tape, and artificially limited to only remove a small percentage of the burden. This will come down hardest on the most vulnerable: for 83% of Black borrowers, canceling only $10,000 of debt wouldBiden, by nature, believes in compromise. It's how he's survived as a politician for decades, and what he wants to revive in our political currents.
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