My prognosis is we’re going to get this done. President Biden could cancel $50,000 worth of student loan debt basically with the stroke of a pen.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
I strongly support President Biden on this. It is time for us to get out of Afghanistan.
In 2016, 29 States investigated Navient for illegally, quote, 'paying call center workers based on how quickly they could get struggling student loan borrowers off the phone.'
Canceling student debt is one of the most powerful tools that we have to expand the economy, to address racial disparities, and to help American families get back on their feet after the combined economic and public health crisis of…
It is shocking and it really drives home how much of a disaster these programs have turned out to be.
The burden should not be on the borrowers, though, who repeated, through our investigations, both with respect to Navient and PHEAA, OK, were shown time and time again to have misled borrowers.
Forgiving $50,000 in student loan debt is going to go a long way toward helping us achieve our goals of getting our economy going.
More than 40 million borrowers are trapped in a rigged game. They are crushed by debt.
We can help. Leader Schumer and I have urged President Biden to address this economic problem by using his existing authority to cancel $50,000 in student debt for each borrower.
Make no mistake, despite the dominant narrative, the student debt crisis has always been both a racial and economic justice issue.
President Biden can cancel $50,000 of student debt with the stroke of a pen today.
If a person who worked at the Department of Education stole $22.3 million they would be fired.
Make no mistake, the student debt crisis has always been both a racial and economic justice issue.
Rebuilding the IRS is about making sure that we have a playing field that is level and making sure that we have a government that works for everyone.
Republicans deliberately targeted the IRS with budget cuts, which depleted its ability to enforce our tax laws.
Student loan debt is like a thousand-pound weight that is holding Americans and our economy back.
It is clear we need a bold investment in the IRS, which President Biden has called for in his infrastructure plan.
Our tax system is rigged in favor of wealthy individuals and giant corporations that can use lawyers and accountants and lobbyists to avoid paying their fair share in taxes.
I think today we should just declare that has been a complete failure. It is time to go big and to go simple.
This is an utterly broken system, and the solution is not more complexity and more incompetent middlemen.





