Sen. Schumer ups the pressure on Pres. Biden to cancel $50,000 in student loans

Sen. Schumer ups the stress on Pres. Biden to cancel $50,000 in student loans

U.S. Senate Majority Leader Charles Schumer (D-NY) is, as soon as once more, urging President Joe Biden to cancel a considerable amount of student debt, Breitbart experiences. As if Biden didn’t have already got sufficient bother from Republicans. 

Schumer did so in a sequence of latest tweets, writing in one: “Not thinking today would be a great day for President Biden and Vice President [Kamala] Harris to #CancelStudentDebt.”

Here, Schumer was echoing a tweet that he posted simply after Biden was inaugurated in January 2021. In that tweet, Schumer wrote, “today would be a great day for President Biden and Vice President Harris to #CancelStudentDebt.”

Here we’re although, almost 10 months later, and Schumer nonetheless hasn’t appeared to get by way of to Biden. So, Schumer seems to be doubling down.

Schumer makes his case

Schumer has been pressuring Biden to cancel a big portion of student debt for a while now. Schumer, particularly, is asking for Biden to cancel as much as $50,000 for every borrower.

Throughout Biden’s first yr in workplace, Schumer has been periodically releasing tweets making his case for canceling this student loan debt. In September, for instance, Schumer wrote:

Student debt has grow to be not a ladder up, however an anchor weighing Americans down—making it more durable to begin a household, purchase a house, and reside with monetary independence. President Biden can #CancelStudentDebt and supply reduction to the thousands and thousands of debtors drowning in debt.

And, simply this previous week, Schumer wrote:

By canceling student debt, President Biden would give our financial system an instantaneous increase & assist shut the racial wealth hole for Black & Brown debtors.

Schumer added that he “was thrilled to join @SenAlexPadilla, @JMurguia_Unidos, & @wearemitu to push @POTUS to #CancelStudentDebt.” 

Biden doesn’t seem like on board

As prompt by Biden’s inaction, he doesn’t seem to agree with Schumer on this one. In reality, throughout a city corridor occasion that occurred in February, Biden flatly said that he is not going to be going ahead with Schumer’s plan.

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Biden, as an alternative, indicated that he has his personal plan that will cancel about $10,000 of debt per student borrower. And, White House Press Secretary Jen Psaki said, shortly after that city corridor occasion, that Biden, in some unspecified time in the future, will transfer ahead with this plan by asking the Department of Justice (DOJ) to find out whether or not or not Biden, as president, really has the facility to do that.

As said, although, right here we’re about ten months later and Biden has not pursued both his or Schumer’s thought.

It stays to be seen whether or not Biden is solely abandoning his plan.