ᗪᗩᗰᑎ@sh.itjust.workstoAMUSING, INTERESTING, OUTRAGEOUS, or PROFOUND@lemmy.world•Help us pleaseEnglish
1·
1 hour agoBecause Biden did it in ways the judges could block
What options are available?
Per the Department of Education, the executive has the authority to simply delete the debt
That doesn’t seem to be the case as “The president … can forgive debts only when Congress authorizes it” [1].
Address it? like by having the fastest recovering economy compared to every other country that was impacted by the global recession? Yeah, he should probably do something about it. /s
https://www.brookings.edu/articles/the-us-recovery-from-covid-19-in-international-comparison/
https://home.treasury.gov/news/featured-stories/the-us-economic-recovery-in-international-context-2023
https://www.federalreserve.gov/econres/notes/feds-notes/why-is-the-u-s-gdp-recovering-faster-than-other-advanced-economies-20240517.html
https://www.federalreserve.gov/econres/notes/feds-notes/why-is-the-u-s-gdp-recovering-faster-than-other-advanced-economies-20240517.html
https://www.nytimes.com/2024/11/06/us/politics/inflation-biden-economy.html
but don’t let facts get in the way