Senator Elizabeth Warren has said she will ignore Congress and cancel the $1 trillion in student debt without their approval if she becomes the next President of The United States.
Heres some of what Warren’s plan will look like...
Here’s how it will work:
I’ll direct the Secretary of Education to use their authority to begin to compromise and modify federal student loans consistent with my plan to cancel up to $50,000 in debt for 95% of student loan borrowers (about 42 million people).
I’ll also direct the Secretary of Education to use every existing authority available to rein in the for-profit college industry, crack down on predatory student lending, and combat the racial disparities in our higher education system.
“When I was elected to the Senate, I used every opportunity and tool available to ease the burden of student debt. I fought to lower interest rates, refinance loans, and hold loan servicers and debt collectors accountable for breaking the law and hurting borrowers … Understand this: The Department of Education has broad authority to end the student loan debt crisis. When I’m president, I plan to use that authority.”
Pulling out her identity politics card, she stated, “Canceling student loan debt is a racial justice issue.” Warren pontificated that she would simply ignore Congress, stating, “We have a student loan crisis—and we can’t afford to wait for Congress to act. I’ve already proposed a student loan debt cancellation plan, and on day one of my presidency, I’ll use existing laws to start providing that debt cancellation immediately.” (Daily Wire)
Senator Ted Cruz called her out and said this simply just isn't going to happen because even as a President this is ridiculous.
Cruz said, “Which clause of the Constitution gives a President the authority to give away a trillion $ w/o Congress? And if you like this policy, how would you feel if/when a GOP president does it for something you don’t like? Here’s a better idea: follow the Const & don’t be a dictator.”
Which clause of the Constitution gives a President the authority to give away a trillion $ w/o Congress? And if you like this policy, how would you feel if/when a GOP president does it for something you don’t like? Here’s a better idea: follow the Const & don’t be a dictator. https://t.co/HT5pTEXxGp
— Ted Cruz (@tedcruz) January 14, 2020