To reduce inflation, battle climate change, reduce gas prices, stem rising crime and to protect our southern border, President Joe Biden has forgiven $10,000…
A study by the University of Pennsylvania’s Wharton School found that “Between 69% and 73% of debt forgiven accrues to households in the top 60% of income distribution” and the total cost could reach $1 trillion.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Speaker Nancy Pelosi, on Aug. 24, 2022, said: “President Biden’s bold action is a strong step in Democrats’ fight to expand access to higher education and empower every American to reach fulfillment. By delivering historic targeted student debt relief to millions of borrowers, more working families will be able to meet their kitchen table needs.”Article content
Charlie Rose, General Counsel, former Obama Department of Education, on May 7, 2021, agreed with Pelosi. Rose said: “If the issue is litigated, the more persuasive analyses tend to support the conclusion that the Executive Branch likely does not have the unilateral authority to engage in mass student debt cancellation.”
Under the category of “you cannot make this up,” Harvard Law professor Laurence Tribe tweeted, “Good news for thousands of my former students. I’m grateful on their behalf, Mr. President.” In other words, the prof celebrates loan forgiveness for Harvard law grads, those most capable of paying off their own loans. Let’s hear it for reparations for rich white people!
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden blasts 'extreme' GOP in Labour Day battleground tripsPresident Joe Biden excoriated \u0022MAGA Republicans\u0022 and the extreme right on Monday.
Read more »
Biden blasts 'extreme' GOP in Labour Day battleground tripsPresident Joe Biden excoriated \u0022MAGA Republicans\u0022 and the extreme right on Monday.
Read more »
Biden assails 'Trumpies' in Labor Day battleground pitchesPresident Joe Biden excoriated “MAGA Republicans, the extreme right and Trumpies” on Monday, pitching his Labor Day appeals to union members he hopes will turn out in force for his party in November.
Read more »
Biden tests his political strength in return to the campaign trailU.S. President Joe Biden has been celebrating Labor Day in Pittsburgh on-and-off for more than a decade, twice using the city's parade as a testing ground while he contemplated a presidential run.
Read more »
Sterling Lord, uniquely enduring literary agent, dies at 102Sterling Lord, the uniquely enduring literary agent who worked for years to find a publisher for Jack Kerouac's 'On the Road' and over the following decades arranged deals for everyone from true crime writer Joe McGinniss to the creators of the Berenstain Bears, has died. He had just turned 102.
Read more »