pjmedia.com Nancy Pelosi was quick to praise Biden’s student loan move on Wednesday. In a statement picked up by Fox News, the Speaker of the House said, “By delivering historic targeted student debt relief to millions of borrowers, more working families will be able to meet their kitchen table needs as they continue to recover from the challenges of the pandemic…Importantly, this action will help those most in need, easing a financial burden disproportionately harming women and people of color.” But a little more than a year ago, Pelosi took issue with the idea, recalls National Review:
“People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress…The President can’t do it. So that’s not even a discussion. Not everybody realizes that. But the President can only postpone, delay, but not forgive,” National Review notes that at the time, she suspected voters would be angered by the move and question its fairness. She added, “your child just decided they want to – at this time, not want to go to college, but you’re paying taxes to forgive somebody else’s obligations.” And back then, even the Department of Education was on board with that notion…
