Biden announces student loan cancellation.
Tangle
Isaac Saul
4.7 • 817 Ratings
🗓️ 25 August 2022
⏱️ 30 minutes
🧾️ Download transcript
Summary
Yesterday, President Joe Biden formally announced an executive order for widespread student debt cancellation. The move comes after more than a year of internal debate by Biden and his administration, who were trying to execute one of his key campaign promises. In the end, the administration is going to wipe out $10,000 of federal student loan debt for any individual making under $125,000 per year, or any couple making less than $250,000. Borrowers who received Pell Grants (about 6 in 10 borrowers) and make less than $125,000 a year will be eligible for total forgiveness of $20,000.
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Transcript
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| 0:40.8 | This is Tangle. |
| 1:03.4 | Good morning, good afternoon and good evening, and welcome to the Tangle podcast, a place where you get views from across the political spectrum, some independent thinking without all that hysterical nonsense you find everywhere else. |
| 1:09.0 | I'm your host, Isaac Sahl, and on today's episode, we're going to be talking about student debt cancellation. |
| 1:12.8 | Obviously, it is the story of the day right now. President Biden announcing he was going to cancel student debt for tens of millions of borrowers yesterday. |
| 1:18.3 | So we're going to jump right in. Before we do, though, as always, we'll start off with some quick hits. |
| 1:39.4 | First up, First Lady Jill Biden tested positive for a rebound case of COVID-19, but is not experiencing any re-emergence of symptoms. |
| 1:45.4 | Number two, Ukrainian officials say Russia fired a rocket into a train station that killed at least 25 people. Separately, the Pentagon has announced another $3 billion of military aid for Ukraine. |
| 1:52.6 | Number three, Yuvaldi announced it was going to fire at school's police chief over the response |
| 1:57.7 | to the shooting there earlier this year. Number four, Representative Marjorie Taylor Green said her home was swatted, |
| 2:04.7 | which is when pranksters placed a fake emergency call to get a SWAT team dispatched to private locations. |
| 2:10.9 | Number five, a federal judge temporarily blocked Idaho from enforcing a near complete ban on abortion, |
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