Biden to Announce Decision on Student Loan Debt, Affecting Millions of Borrowers

This was a great idea previous to the COVID related $7+ trillion addition to the national debt. The national debt went from about $23 trillion to about $30 trillion in less than 3 years. Now we'll be adding more to it. If all the 45 million get a break then that's 45 mil * 10k = 1/2 trillion, about. It's nuts.

https://www.usdebtclock.org/

I'm all for it but the administration needs to figure out how to pay for it. Adding to the national debt will increase inflation, making things worse for everybody in the long run.

I don't think this is good policy and I also don't think this is good politics. What is thought process here? Give a handout to a portion of your base that doesn't really turnout to vote and give Republicans something meatier to get their base off the couch to vote.

Love how people complain about helping out to citizens, but when it's the money for the military industrial complex, no amount is too much.

College is already free: https://www.benefits.va.gov/giBill/

What is the incentive for paying off my loans if others are getting them cancelled? I’m happy for them, but I might as well stop sending payments.

This is not legal -- this is effectively an appropriation of money, which must be done by Congress.