Flashback: Joe Biden Admits He Has Limited Authority on Student Loan Forgiveness

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Earlier this week, The Gateway Pundit reported that Nancy Pelosi went on the record stating that the President doesn’t have the authority to forgive student loan debt.

Back on February 17, 2021, Joe Biden told a member of the audience in a Town Hall that he will not increase the proposed $10,000 student loan forgiveness.  Now, he has since doubled that number for many students.

The question though is whether or not he has that authority to act unilaterally.  According to his response in that very Town Hall, as well as that of Speaker Pelosi, Joe Biden does not have that authority.  He can delay or postpone payments, but he cannot forgive them.  Only Congress can do that.

But still, Biden is attempting to circumvent the Constitution with his own unlimited power:

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“The Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by the Department of Education, and up to $10,000 in debt cancellation to non-Pell Grant recipients” with the stipulation that student loans will, again, be postponed until January 2023.

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What’s a more practical explanation for this unilateral unconstitutional action is the last two sentences:  repayments will be extended “one final time” and resumed in January 2023, just after the midterms.

Joe admits he doesn’t have the authority to forgive $50,000, but somehow, he can forgive $10,000?  Perhaps there is a segment of the Constitution unread by many that has limitations as to how much leniency the President has before Congress is necessary to intervene in budgetary issues?  End sarcasm.

This is another ploy in an election year to drum up the 20-something base the democrats rely on so heavily.  Biden has had two years of control of both chambers of Congress and they have collectively done nothing to address this issue.

To forgive student loan debt, even if Congress gets on board, still does nothing to address the two issues:  skyrocketing college tuition costs and predatory loans from the government.

Biden actually addresses this issue at the end of his bumbling (the video is edited…he rambled for 4 minutes about his kids and their schools) in a way that even Republicans could get behind:  FIX THESE LOANS.  The interest rates on these loans

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