Home » Biden Cancelling More Student Loan Debt

Biden Cancelling More Student Loan Debt

by Black America Web

Orlando Jones, 56 (Dr. Lee on Drummline)

Haley Joel Osment, 36 (The little kid in Forest Gump, I See Dead People kid in 6th Sense)

1. President Biden Takes Another Swing at Student Loan Debt

US President Joe Biden remarks in Madison, Wisconsin

Source:Getty

President Biden Takes Another Swing at Student Loan Debt

 

What You Need to Know:

 

During his most recent campaign stop, President Joe Biden presented a plan of student loan forgiveness for millions of Americans. 

President Biden began the week in Wisconsin, specifically the college town of Madison. During his stop in a crucial state, Mr. Biden announced a revamped plan to bring relief to those who are drowning as a result of student loan debt.  

Last June, in a 6-3 decision, the Supreme Court ruled against President Biden’s original $400 billion plan to cancel or reduce federal student loan debts for millions of Americans. 

Under President Biden’s “Plan B,” presented Monday, more than 30 million Americans would see their student debt reduced, or eliminated altogether. 

2. Should We Care About the National Debt?

Stacks of money packed by a bank lie in a heap on a black background. One hundred dollar bills wrapped in bank tape lie on a black isolated background.

Source:Getty

Should We Care About the National Debt?

 

WRITTEN AND CONTRIBUTED BY KHAMERON RILEY

What You Need to Know:

 

As the presidential election year enters its most harrowing season, you’ll hear about the $34 trillion green gorilla in the room: the national debt. However, the national debt functions a lot differently than what you may owe your creditors. And it all begs the question: Should the average American worry about the national debt?

America spends more money than it makes. Whether or not that’s a good thing depends on who you ask. Democrats think it means the government is investing in the country. Republicans say the government’s role is financially irresponsible. Past Presidents like Barack Obama with his Obamacare plan, Ronald Reagan with his War on Drugs, and President Trump’s Operation Warp Speed all raised the national debt considerably….

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