Biden to forgive up to $20,000 worth of student loan debt

Just a week before loan payments were to resume after a two-year pause, President Joe Biden announced a plan to slash debt for millions of Americans.

WATCH the ABC News Live Stream Here:

SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP
Watch More on http://abcnews.go.com/
LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews
FOLLOW ABC News on TWITTER: https://twitter.com/abc

#ABCNLUpdate #PresidentJoeBiden #StudentLoanDebt #LoanForgiveness

source

Author: Rafael

ANGELHOUSE © 2009 - 2022 | HOSTING BY PHILLYFINEST369 SERVER STATS| & THE IDIOTS ROBOT AND CONTROL INC. |(RSS FEED MODULE)| ALL YOUTUBE VIDEOS IS A REGISTERED TRADEMARK OF GOOGLE INC. THE YOUTUBE CHANNELS AND BLOG FEEDS IS MANAGED BY THERE RIGHTFUL OWNERS (AVNBLOGFEED.COM)

47 thoughts on “Biden to forgive up to $20,000 worth of student loan debt

  1. We need more volunteers and police and fire fitters and troops around the USA to send planes and food and vacations and medical supplies sent to the people around the USA that are trapt and send cherch volunteer busses and hospital and nerses too Treet the people in the community All over the united states'and bring gaterrad and water and injury suplise and bring them help please help echother come together and help echother threw All this please actually act and help in fires and flooded vicktemes around us thanks God bless you all be safe

  2. Republicans — Reps. Vern Buchanan of Florida, Marjorie Taylor Greene of Georgia, Mike Kelly of Pennsylvania, and Markwayne Mullin and Kevin Hern of Oklahoma — who it said had six- and seven-figure PPP loans forgiven as part of a federal program intended to help those harmed by the coronavirus. I would like an inquest to determine how these government officials use this money and if they actually indeed use this PPP loan money for its intended purposes. everyone is on here talking about how people made bad choices if they can't pay back some debt well I'm sorry to say but 10 to 20 k may not even be a fourth of what most students owe in loans and have been paying off you assume that these students didn't pay off any of the loan or didn't pay off a portion of the loan but we don't know what they did and did not pay but yet you don't have a problem with these Republicans having their PPP loans forgiven and you all certainly don't have a problem with former president Donald Trump declaring bankruptcy six times which was debt that taxpayers had to eat as well.

  3. Looks like another form of socialized education. I'm getting tired of the left Marxist/radical progressive ideology and agenda. This transfer of debt from the financially irresponsible to the taxpayers should be illegal!!

  4. “Forgive” that’s the key word here “forgive.” Think 🤔 about that. It’s our fault that only in America, education cost sooo much money, Americas have to borrow, and create debt. It’s horrible. But, they are “forgiving” us for wanting a better life. Go it.

  5. Nancy Pelosi is on video saying the president doesn't have the authority to forgive student loans. It would be better to drastically reduce the interest rate so the original loan amount doesn't snowball to the point where it's impossible to pay it off!

  6. ALL PART OF THE PLAN – The Middle Class, and small business owners can't work in a True Socialist Nation – THE DEMOCRATIC SOCIALIST are making sure of that

    WHO'S REALLY RUINING, UH RUNNING OUR COUNTRY? with the help of all of our FED Government agencies as their enforcers

    Progressives embrace freedom of choice in personal matters but advocate for significant government coercion to control the economy and redistribute wealth

    Authoritarian Progressives aka DEMOCRATIC SOCIALIST aka the DEM Party – all the same now

  7. Come On MAN PURE SOCIALISM

    The Average Student Loan borrower owes 37,013 – 45,000 for a formal 4-year college graduate

    The Average Student Loan payment is 393.00 for a monthly payment

    WHY IN THE DO THE AMERICAN PEOPLE HAVE TO PAY OFF SOMEONE'S STUDENT LOAN?

    FREE MONEY = THE NEW DEM PARTY – THE DEMOCRATIC SOCIALIST AGENDA –

    EVERYTHING IS FREE – WEEEEEEEEEEE

    HOLD THE LINE

    soon NOV22 – China Joe – Impeached, tried then Prison

    All his Democratic Socialist Policies, EXEC Orders will be canceled with Extreme Prejudice

  8. SPEND SPEND SPEND SPEND LIKE GOOD DEMOCRATIC SOCIALISTS DO DON'T BE FOOLED

    CHINA JOE AND THE DEMOCRATIC SOCIALIST WANT INFLATION

    *"By a continuing process of inflation, the government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

    – John Maynard Keyne

  9. Trump forgave so many loans from farmers and private companies mostly white who aren't low income and Republicans never complained.

    This is a great news for all people. Fact is these students are low income or from low income family who deserve a break.

    It's American dream to go to college but not easy for low income people.

    Joe Biden is heiping low income family of all colors..

  10. Beware of Biden’s new Title 9 proposals. It’s a Constitution destroyer and takes away parental rights. A Trojan horse of the worst kind. Biden will throw due process in his White House trash can. If you’re not progressive your an enemy of the state, Biden’s authoritarian state.

  11. How about just stop charging these students INTEREST and making PROFITS off them.

    This way they can pay off their debt without it constantly increasing as they try to pay it off.

    This way they pay what they are obligated to pay and agreed to pay.

    And the rest of America and Americans don't have to pay for others that got into debt beyond their means by their own bad choices.

    This sounds more fair to me all around.

  12. Brandon’s inflation is at a 41 year high! His 28% approval rating, even with a biased msm and social media, screams… Let’s go Brandon! I agree!

  13. Biden should be IMPEACHED, IMPEACHED for what he did yesterday, Presidents Don't have Power to Forgive Debts! Only Congress does by passing Legislation! What he did yesterday is UNCONSTITUTIONAL…… Period! What he did , he robbed from Blue Collar Workers , 300 Billions to subsidize the Rich to go to College, and all blue Collar Workers like mechanics, hairdressers, waitresses, etc…. anyone that is a Blue Collar Workers will pay for the Rich, who Biden thinks are better than average Americans will pay 300 Billions for the Rich to go to College???? Our children our grandkids will pay for this, and the Average Blue Collar Workers will pay for this??? Is this FAIR Americans???? That's how much Biden Care for the Blue Collar Workers, YOU, YOU, all Americans that didn't go to College will pay for the Rich! And then the Democrats have the guts to talk about President Trump, President Trump NEVER, NEVER passed Anything UNCONSTITUTIONAL, like the Biden just did, this will make Colleges more expensive, it will make INFLATION worse for the American people, Biden wants to help the Rich, it will be a burden on American's back, our children's back, Grandchildren's back, he Biden doesn't give a DAMN for the Blue Collar Workers in this Country! What he did is UNCONSTITUTIONAL, where is the AG Garland???? He violated the Constitution by passing this loan forgiveness for the Rich in this country! Biden Needs to be IMPEACHED, he doesn't have the Power to Forgive Debt.Only Congress by Legislation…… Period!!!

  14. Bankruptcy law prevents economic enslavement and protects those rights which we, the people, hold as self-evident, inalienable, God-Given rights: The right to be left alone, to pursue happiness, and to enjoy the fruits of one's own labor. Bankruptcy law is Federal Law and cases are administered in Federal Courts.

    Guess which debt cannot be cured with bankruptcy? Are students slaves?

  15. Biden is just buying voters to try to increase his approval rating before midterms. He has a 40% approval and less than 10% of voters under 30 years old want him to run in 2024. Really this is probably a false promise at best, which will be shut down and the debts not actually cancelled. Otherwise its just a sleazy attempt to buy votes from a base that doesn’t want him.

  16. You can spend your way out of inflation.
    You can eat your way to weight loss.
    You can drink yourself sober.
    Vote. These. People. Out.
    Thanks
    ~Jim Eagle

  17. Yes, keep making these stupid loans while at the same time forgiving them. Genius. I see Biden is just trying to buy the young and dumb vote for the Dems before the midterms.

  18. Wonderful video! first got into BTC back in 2016 and have been hodling/buying sats at different price points since. I've been through corrections before and will likely experience more over the future. Volatility is simply the price one needs to pay if they want to play. I don't have any Alts as I'm a bit of a BTC Maxi, but that said, if BTC hasn't died before, it surely won't do so now. Stick in there – yes we are all feeling the pain, but over the long run this will just be a blip. This is how I see past corrections when I felt that I got in at a high (back then I think it was less than $1000 and bouncing all over the place!). Now when I look back, all I see is regret for not having the courage in buying more at those times. But if you believe BTC has value, then by all means, buy these dips if you can afford to. For those who got in at 60 or 70K and feeling the crunch: hang in there. BTC is not a get rich quick scheme. Wait it out and you will see: you will come away stronger. I buy and just trade long term more than ever, I have made over 1.5` btc from day trading with Brian Marcus Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish. Technical analysis is my second language You can reach Brian on ͲeIєɠɾαm @Briantrades

  19. So, without ANY vote of congress, the president of the United States by fiat just pushes billions of dollars of debt onto the taxpayers?? What provision of the United States Constitution justifies this action?! And the blue collar worker who took out a $10,000 loan to start his contracting business now has to help pay off $10,000 of the debt some privileged college kid incurred, even though the privileged kid with the degree now has much greater earning capacity than the contractor? Stealing from the rich to give to the poor is theft; stealing from the poor to give to the privileged — just to buy votes in the upcoming election — is pure, unfiltered, EVIL.

Comments are closed.