's move to let millions of Americans off the hook for student loan debt is certainly drawing some controversy -- but a key cabinet member says it's more positive than not.joined us on"TMZ Live" right on the heels of his boss's big announcement -- and broke down exactly what it means for all Americans.
Dr. Cardona tells us that equates to 43 million Americans who can get relief ... and about half of those can have their student debt wiped out entirely. That way they can get on with their lives and finally be out of a huge hole that might've otherwise hindered their economic goals.... and, yes, there are countless people who have been stifled because of crippling, seemingly never-ending student loan debt.
Prez Biden addressed that Wednesday, and essentially it seems to boil down to, tough luck. His Secretary of Education elaborates a bit, though, telling us he understands the concern ... but that this move is going to help more people in need than those who really aren't. It sounds like a greater good argument, and while some might still take issue with it -- Sec. Cardona is sticking to his guns on this ... insisting the President has done the right thing.
Nothing is being cancelled though, it's just being redistributed to the rest of us who didn't make a shitty financial decision. Not to mention most student debt is held by HIGHER income families, not lower because spoiled rich kids don't bother paying their debt back
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