by Eleni Schirmer on (#6CM3R)
Conservatives cooked up an absurd case because they know the Biden administration is fully able to cancel debtLast August, President Biden did something no president has done before. He announced a plan to mass cancel student debt, offering $10,000 to $20,000 of relief for borrowers who earn under $125,000 annually.The triumph of this policy was more than the sliver of debt that it potentially sliced off the second-largest type of household debt in the US. More fundamentally, Biden's policy proposal put an ideological dent in the American doctrinal belief that a creditor's right to repayment is the first-order business of any economy.Eleni Schirmer, a writer and postdoctoral fellow at the Concordia University Social Justice Centre in Montreal, is part of the Debt Collective Continue reading...