this post was submitted on 22 May 2024
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He didn't wipe the debt out, he just stopped fighting in the courts over an existing loan forgiveness program that Betsy DeVos had decided to fuck with during Trump's first term. And the bulk of this loan forgiveness came as part of a deal that required 10 years of employment in a public sector career. Fucking with it meant undermining recruitment efforts by the Pentagon, the FBI, etc.
Biden is trying to take credit for a Clinton Era Program, not unilaterally writing off billions in debt.
Even setting aside the fact that $7B isn't even a percentage point on outstanding debt, this is purely headline gore and has little to do with Biden's domestic policies.