Pelosi: Biden Doesn’t Have Power to Forgive Student Loans

Epoch Times:

House Speaker Nancy Pelosi (D-Calif.) says President Joe Biden doesn’t have the legal authority to forgive federal student loans, in what appears to be a disagreement with other top Democrats.

For months, Senate Majority Leader Chuck Schumer (D-N.Y.) has issued near-daily tweets insisting that Biden forgive all student loans.

But during a weekly press conference on July 28, Pelosi said Biden can only pause or delay student loan payments and can’t unilaterally cancel them.

“He can postpone, he can delay, but he does not have that power,” Pelosi told reporters. “That would best be an act of Congress.”

Schumer and other progressive Democrats have argued that Biden can forgive student loans using the same legal provision that former President Donald Trump used to delay payments on loans and interest starting in March 2020 amid the COVID-19 pandemic.

The recent comments from Pelosi are sure to trigger pushback from some Democrat lawmakers. more

14 Comments on Pelosi: Biden Doesn’t Have Power to Forgive Student Loans

  1. “House Speaker Nancy Pelosi (D-Calif.) says President Joe Biden doesn’t have the legal authority to forgive federal student loans”

    Translation: “There’s no way for me and my husband to make a profit from forgiving student loans.”

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  2. What’s this “forgive” bullshit?
    A loan cannot be “forgiven.”
    It can only be foisted onto someone who doesn’t realize that he’s paying it off (taxpayers, for instance).
    What a crock of hypocritical, lying, disingenuous, dissimulating bullshit.

    izlamo delenda est …

    11
  3. The wheels within wheels of the political engine corruption built grind their self-serving teeth against each other.

    3
  4. Nancy Mengele Polosi can’t be trusted, no doubt she’s digging though her bag of dirty tricks 24/7 to find a work around. She needs a stroke or three.

    3
  5. When will people learn democrat promises are just lies used to get votes. They’ll dangle it again for 2022, 2024 etc. But their goal is to keep you down and needing assistance so why would they take away your burden.

    2
  6. The entire world is aware that Joe Biden doesn’t have the power to dress himself in the morning. He is nothing but a figurehead and the cabal of shitbags behind installing his illegitimate ass in the White House are the most inept bunch to ever have gained control over the United States government.

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  7. Pelosi 2021: Biden doesn’t have power to forgive student loans.

    Pelosi last year: Trump is rotten for not forgiving student loans.

    2
  8. You’ll never convince me…..
    that these 80+ year old congresscritters…..
    ain’t sucking the nation dry of adrenochrome.

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