So what changed in a year? Last year, Nancy Pelosi said that Joe Biden doesn’t have the authority to cancel student loan debt. That was a big topic of discussion for lazy communists who don’t want to work to pay off their debts for their lame liberal arts degrees. Today of course, Comrade Biden announced he is “forgiving” student loan debt up to $20,000 for those who received Pell grants and $10,000 for everyone else (earing up to $120,000).
House Speaker Nancy Pelosi suggested on Wednesday that people who believe President Joe Biden can forgive student debt on his own are misinformed.
“The president can’t do it,” Pelosi said, at a press briefing. “That’s not even a discussion.”
Pelosi said any student debt forgiveness would have to be carried out by Congress. Other people in her party have said otherwise.
Senate Majority Leader Chuck Schumer, D-N.Y.; Sen. Elizabeth Warren, D-Mass.; and Rep. Ayanna Pressley, D-Mass., have repeatedly called on Biden to forgive $50,000 in federal student debt for all borrowers through executive action.
So what changed? All of a sudden Biden has the legal authority? This is what it’s like to live in a banana republic.