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Pelosi: Biden Doesn’t Have Power
to Forgive Student Loans

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Posted By: earlybird, 7/29/2021 10:05:16 AM

House Speaker Nancy Pelosi (D-Calif.) says President Joe Biden doesn’t have the legal authority to forgive federal student loans, in what appears to be a disagreement with other top Democrats. For months, Senate Majority Leader Chuck Schumer (D-N.Y.) has issued near-daily tweets insisting that Biden forgive all student loans. But during a weekly press conference on July 28, Pelosi said Biden can only pause or delay student loan payments and can’t unilaterally cancel them. “He can postpone, he can delay, but he does not have that power,” Pelosi told reporters. “That would best be an act of Congress.”

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Reply 1 - Posted by: Northcross 7/29/2021 10:12:41 AM (No. 861137)
How about we just force the worthless loan defaulters into poverty until they pay back the loans they agreed to? No eating out. No traveling. No cell phones. Clothing only from resale shops.
17 people like this.

Reply 2 - Posted by: Mizz Fixxit 7/29/2021 10:25:20 AM (No. 861150)
FTA: Sen. Jon Tester (D-Mont.) told reporters earlier this year, “I’m not inclined to support because a lot of people have worked very, very hard to pay off their debts, and this would set a bad example.” Sen. Joe Manchin (D-W.Va.) said around the same time that he would be concerned about how the government would pay for that much student loan forgiveness. Weasel words from weasels.
10 people like this.

Reply 3 - Posted by: earlybird 7/29/2021 10:25:50 AM (No. 861151)
I knew she had to be good for something...
4 people like this.

Reply 4 - Posted by: Nimby 7/29/2021 10:49:17 AM (No. 861167)
Basically she is saying " Talk to my hand"
2 people like this.

Reply 5 - Posted by: jollytroll 7/29/2021 10:49:55 AM (No. 861168)
Yeah, well Obama *himself* said he didn't have the power to change immigration law (DACA) but then he did it anyway....and it's still here.
7 people like this.

Reply 6 - Posted by: cor-vet 7/29/2021 10:50:38 AM (No. 861169)
What Queen Nasty is saying is, that power is hers and 'she' will decide if they get relief. Of course, if she decides the useful idiots are no longer of any use to her, she will throw them under the bus.
4 people like this.

Reply 7 - Posted by: RussZilla 7/29/2021 11:07:20 AM (No. 861188)
They should put all the loan sharks out of business. We should pay for goods and services, not usurious interest rates or the dictatorial bankers. Get rid of all loan debt -- start with mortgage loans and then college loans. What value do we get out of a $100k house, if after we finish paying it off we've sunk $300k more than that in interest over a 30 year term? There are less people each year able to afford a starter house. Meanwhile, renters are paying the same monthly cost for a small apartment. At least, that is the way it goes in the northeast.
1 person likes this.

Reply 8 - Posted by: hope27 7/29/2021 12:20:02 PM (No. 861242)
Prior to the election last year, I was in the presence of a 72-year-old woman who, in a single diatribe, excoriated Trump, praised Biden, dissed Mexicans, and triumphed the fact that Biden, once elected, will forgive her student loans. It was quite the performance. 72 years old with student loans???? God help us all from the “educated” hypocrites
10 people like this.

Reply 9 - Posted by: bad-hair 7/29/2021 12:46:02 PM (No. 861264)
So Pelosi your "progressive" House pet calls them YOYO loans. You're On You're Own.
2 people like this.

Reply 10 - Posted by: john56 7/29/2021 12:55:42 PM (No. 861282)
Back years ago, when SNL was funny, Gilda Radner used to do a skit as Emily Litella. Emily was hard of hearing but did a skit where she would comment on some percieved problem as a parody of the then-in-effect "Fairness Doctrine." A typical example: What is all this fuss I hear about the Supreme Court decision on a "deaf" penalty? It's terrible! Deaf people have enough problems as it is! The news anchor would interrupt Litella to point out her error, along the lines, "That's death penalty, Ms. Litella, not deaf ... death." Litella would wrinkle her nose, say something like, "Oh, that's very different," then meekly turn to the camera and say, smiling, "Never mind!" When Litella played against news anchor Chevy Chase, he would be somewhat sympathetic to her. But when Jane Curtin took over the anchor role, she would scold Litella, "Every week you come on and you get it wrong," to which Litella would reply, "*itch!" Reminds me of what Nancy, Bernie, AOC, Horizontal Harris, and Sleepy Creepy Crooked President Uncle Joe were spouting last year, suckering all those folks into thinking that electing these cretins would cancel their student loans. Problem is, that when Emily Litella said "Never Mind," it was funny. These folks can't pull that off.
6 people like this.

Reply 11 - Posted by: padiva 7/29/2021 12:59:12 PM (No. 861284)
Biden can pay off everyone's student loans with the scam money that he and Hunter have collected. /s
5 people like this.

Reply 12 - Posted by: anniebc 7/29/2021 5:33:11 PM (No. 861523)
He's not even a legitimate president, Nancy. You idiot.
2 people like this.

Reply 13 - Posted by: mifla 7/30/2021 10:54:47 AM (No. 862209)
Since when do Dems care about the rule of law?
0 people like this.

Reply 14 - Posted by: or gate 7/30/2021 4:43:10 PM (No. 862494)
She has the paper that a student owes her.
0 people like this.

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