Joe Biden was warned by the Treasury Secretary and his wife not to cancel student debt, but pressed ahead regardless on the urging of Kamala Harris, it has been claimed.
Treasury Secretary Janet Yellen argued that with inflation around a 40-year high, the cancellation of student loans could free up consumer spending and drive inflation higher, the New York Times reported.
Jill Biden, who works part-time as a college lecturer, also urged her husband to reconsider. She campaigned on free community college, but did not push for the cancellation of debt.
The president ultimately chose to ignore their advice - after being cajoled on the subject by Vice President Kamala Harris, who was in favor of loan cancelations.
Mike Donilon, one of Biden's closest political advisers, told him polling showed Americans were split on the issue.
Yet Ron Klain, his chief of staff, said it could be a popular move with younger voters, heading into the midterms.
One of the most 'persistent' supporters of debt relief was the vice president, Kamala Harris.
In February she tasked her team with creating a memo detailing Biden's concerns about debt relief and countering them one by one, The New York Times said.
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They are all to blame
apparently, Nancy Pelosi misspoke.
🙄
https://twitter.com/RepChrisStewart/status/1563174721365360640?ref_...
Thank you President Biden for paying off our higher education loans. Also want to thank all the plumbers, waitresses, electricians, auto mechanics, cooks, lawn care companies, mom and pop businesses, framers, painters, farmers, auto workers and all the others that went straight to work or joined the military after high school. We appreciate your extra tax dollars to clear our debt. If all you middle-class workers can work a little harder, we might hire you in the future. Most of us don't have a clue about working a job so we need you to do it and as your boss we'll tell you how to do it. Thanks again.
Don't call us, we'll call you.
Diver, like the wealthy elite are going to thank us peons for paying their debts!!!!!!!!!!
I wonder why no one has bothered to ask Biden where he got this “New found Authority” to forgive a federal debt.
That kind of authority used to be restricted to kings, emperors, and dictators. But now, apparently, “The Puppet Masters” also have this power.
Even nutty nancy, the booze and botox addled moron from san francisco recognizes dementia can't do it but she will certainly do all she can to push it along!!!!!!!!!!
OMG - in generalony about 50% of younger peope vote, so why would they be worrying about what waws popular with them.
If this is Kamala's doing, it is just another indication how really bad she is!
Buying votes. Best Politician money can buy, he has been bought and paid for now he is buying votes.
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