America needs a real debt jubilee

Credit where credit is due. Canceling outstanding federal student debt up to $50,000 unilaterally via executive order is exactly the kind of bold step that most of his left-wing critics had suggested President-elect Joe Biden would be reluctant to undertake. (It is even harder to imagine Sen. Bernie Sanders, who has spent most of his political career insisting upon a minimalist understanding of executive authority, being comfortable with it.)

This is not to suggest that there is anything especially courageous about Senate Minority Leader Chuck Schumer’s hinting at this as a possibility in the early months or even weeks of a Biden administration.


Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Please disable your ad blocker

We know you are here for the stories. Not the ads. But we need the ads to keep the lights on. So please whitelist