Debt payments were paused at the beginning of the pandemic, but the moratorium is set to expire in August. Former students from ITT Technical Institute have gotten a reprieve.
and say, is this canceling debt goes up to those making $125,000 a year, you could look at this as a boon to the wealthy. well, i was also looking at what it means to the national debt. it s at $30 trillion from my last numbers, but you pay $180 billion monthly just to service to debt and so that means that the national debt went up $2 trillion in 12 months. so i m thinking about the influence of impact i don t mean to interrupt you. the way they re going to pay for this is to just add to the debt and that s right. we all pay for that. i interrupted you, go ahead. you re absolutely right because it does fall on the shoulders are everybody else, especially if you re for giving loans to certain select few and i would say that for those retroactively that have paid off student debts that paid at 10% interest on that loan, i mean, is there going to be some retroactive forgiveness as
did the voice. more importantly, first lady, doctor joe biden, is here everybody. give it up or. [applause] you know, interesting fact, even as first lady, doctor biden continued her teaching career. is the first time that a presidential spouse is ever done so, ever. congratulations. [applause] you might think it is because she loves teaching so much, but it is because she is still paying off a student debts. i m sorry about that, joe. [laughs] i guess that you should have voted for bernie. [laughs] can i just say, i hope everyone will agree that is nice to have a president who is not afraid to come to the white house correspondents dinner. and hear jokes [applause] about himself. i ll be honest if you do not come i don t get it, i really don t.
political analyst, and saw hill kau port. welcome. republicans are likely going to get behind it and it has to go through reconciliation, and would joe manchin and kristin sinema be onboard? republicans are not playing ball. the president would have to use his executive authority to forgive a certain portion of student debts, and what republicans are arguing in this new legislation led by the minority whip. they don t even want the pause on student loans to continue and they say he cannot cancel or forgive student debt, and the