that he questioned whether he had the legal authority to write off the level of debt some Democrats in Congress were pushing for. “I’m prepared to write off a $10,000 debt,” but not $50,000, he said. “Because I don’t think I have the authority to do it by signing the pen.”
The president will also institute an income-based repayment cap that will allow borrowers to pay no more than 5% of their monthly income toward their loans as long as they aren’t behind on payments. Some analysts see the change as more significant than the debt forgiveness.
So the answer to inflation is forgive loans and put more money into the economy for people to buy stuff? How about instead of forgiving the loan, just cut the interest owed?
me da ganas de saver mi grado de escritura
Not going to happen. Courts will strike this down.