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This is an action that Elizabeth Warren is pushing for. She wants Joe Biden to cancel $50,000 in student loans. Chuck Schumer is in the same argument and insists that all that Joe Biden had to do was to whip out his pen and make it reality. However, in a “broken clock is right twice a day” moment, Nancy Pelosi disagreed. One reason she advanced was that it would not be fair for somebody to pay taxes on a loan that someone else’s children agreed to.<\/p>\n
From the Daily Wire:<\/span><\/p>\n “And I’ll tell you why: it’s because of the people who need that debt canceled. 40% of the folks who are carrying student loan debt don’t have a college diploma. They tried, but life caught up with them. They had babies or someone in the family got sick. They were working three jobs — and now, they’re earning what a high school grad earns, but they are paying on college loans.”<\/p>\n Warren also claimed that the policy is an “economic justice issue” and a “racial justice issue.”<\/p>\n “African-Americans borrow more money to go to school, more money while they’re in school, and have a harder time paying it off when they get out of school,” she asserted. “Canceling $50,000 of student loan debt would help close the black-white wealth gap for people with student loan debt by twenty-five points. And for Latinos, by twenty-seven points.”<\/p><\/blockquote>\n The article paints a picture that the Democrats are in debate mode about this issue. However, Elizabeth Warren, “The Squad”, and other hard progressives represent “the next waypoint” that the Democratic Party is headed to. The Daily Wire has more on this story here<\/a>.<\/p>\n From YouTube, Me Me Meme:<\/span><\/p>\n