President Joe Biden is being pressured by the Democrat Party to forgive $50,000 in student debt loans, and it is becoming increasingly likely that Biden will cave to his party’s demands.
A majority of the Democrat Party is pushing student loan debt forgiveness. President Biden’s reluctance to pursue sweeping action on the issue is a testament to his vintage of political views.
Representative Ayanna Pressley (D-MA), Widely recognized as a more radical figure among Democrats, said that “Canceling student debt by executive action is one of the most effective ways President Biden can provide sweeping relief to millions of families while helping to reduce the racial wealth gap and to lay the groundwork for an equitable and just long-term recovery.”
Pressley clearly indicates to President Biden that the ball is in his court and needs to take executive action to address student loan debt.
Why Democrats have given up on using legislative means to forgive student loan debt is worth asking. It will be hard but legislative action will likely be more effective in achieving the goals of the Democrat Party.
Republicans have voiced their opposition, and it is likely that if Biden takes executive action on the issue, it will face significant legal challenges. Biden is caught in a bad spot, but it seems his best option will be to give in to his party’s demands.
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