Student Loans Were Created to Punish Poor People

The Daily Beast Podcast

The Daily Beast

News

4.6 • 8.4K Ratings

🗓️ 2 January 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

The pause on federal student loans, which about 46 million Americans have, is set to lift on January 31, 2022 and, despite advocates best efforts, Sen. Chuck Schumer included, President Joe Biden doesn’t seem to have any intention to stop it or forgive them. Melissa Byrne, the founder of Project Springboard and former Bernie Sanders campaign staffer, tells Molly Jong-Fast on this bonus episode of The New Abnormal why it would be so easy for him to do so, a theory why he won’t, and has strong responses to every argument people can make against it. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:27.3	Progress.
0:28.3	Contacted.
0:29.3	Hello and welcome to another bonus episode of the new abnormal.
0:35.7	We thank you so much for being here.
0:37.8	Melissa Bern is an advocate for canceling student debt and she's going to break down for us
0:42.1	what's going on with this issue.
0:43.8	So Melissa, welcome to the new abnormal.
0:46.0	I look forward to one day at being normal but I'm glad to be in the abnormal with you all.
0:51.3	One of the things you work on is student debt.
0:53.8	So you explain to our listeners how easy it would be for Joe Biden to cancel student debt.
0:59.3	Yes, all he has to do is go to his desk, open the desk drawer, grab a pen and sign the
1:03.9	newspaper.
1:04.9	Because he can do it by executive order?
1:06.6	Yep, Congress in the 1960s authorized the president to be able to make decisions about
	...

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