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Belle of the Ranch

Let's talk about Biden's 2nd bite at the student loan apple....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 6 April 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

Let's talk about Biden's 2nd bite at the student loan apple....

Transcript

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0:00.0

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0:05.0

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0:08.0

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0:10.0

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0:15.0

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0:18.0

UK Residents Tease and C Supply.

0:21.0

Well, howdy there, internet people people let's go again so today we are going to talk

0:26.7

about Biden's second bite at the apple we're going to talk about the next attempt when it comes to student loan forgiveness.

0:37.0

And how that is being received immediately and how it's likely to play out as it moves forward.

0:46.0

Okay, so quick recap.

0:49.4

Biden attempted to address student debt early on. The Supreme Court shot the first

0:59.1

proposal down, the big one. Once that happened almost immediately the Biden administration

1:05.2

started work on two different tracks. One the piecemeal stuff that we've

1:10.6

talked about every once in a while on the channel.

1:13.0

You know, $7 billion of forgiveness here,

1:16.0

3 billion there, pretty soon it adds up.

1:19.6

And so far it looks like around 4 million people and 144 billion dollars have been either,

1:27.0

you know, had their debt forgiven and that's the amount that's been forgiven. The other track that he was working on was using a different law that would be

1:38.0

tailored within the Supreme Court's ruling that struck down the first law to do a large student loan forgiveness

1:47.2

program. So contrary to the right-wing talking heads that have come out already about this saying

1:55.6

that Biden is defined the Supreme Court. No, they're taking the ruling from the

2:01.0

Supreme Court and tailoring the new rules under a different law

...

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