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Message
re: Biden announces more college debt forgivness
Posted on 3/21/24 at 12:31 pm to SlowFlowPro
Posted on 3/21/24 at 12:31 pm to SlowFlowPro
quote:
Because he's not?
Show us the law that gives the president the ability to cancel a debt.
If he can cancel that debt, what's to say the next president can't cancel credit card debt or mortgage debt?
2
Posted on 3/21/24 at 12:33 pm to bbvdd
quote:
Show us the law that gives the president the ability to cancel a debt.
Keep reading the thread. I linked to it.
quote:
If he can cancel that debt, what's to say the next president can't cancel credit card debt or mortgage debt?
Congress would have to pass that law.
Posted on 3/23/24 at 2:20 am to bbvdd
quote:
Show us the law that gives the president the ability to cancel a debt.
college cost reduction and access act of 2007
20 USC 1087e(m)
PSLF is a program set up by Congress and signed into law by President George W. Bush.
Most of the forgiveness claimed is PSLF. Congress also set up some loan discharge programs for those permanently disabled or where the college (shady for profits) in question defrauded it's students.
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