Forwarded from Paul Serran's Signal to Noise (Paul Serran)
Biden was told NOT to cancel student loan debt by Janet Yellen and Jill - but Kamala pushed him to do it and the '$1TRILLION' scheme was unveiled before it was properly costed
✅ Joe Biden on Wednesday announced that $10,000 in student loans would be cancelled for those earning under $125,000
✅ On Friday it emerged that the Treasury Secretary, Janet Yellen, and his wife Jill urged Biden not to go ahead with the policy
✅ It was supported by Kamala Harris, Chuck Schumer, Elizabeth Warren and Raphael Warnock, according to The New York Times
✅ Biden's advisors were split: Chief of Staff Ron Klain said it would appeal to younger voters, but political advisor Mike Donilon said Americans were unsure
✅ It also emerged that the rollout was rushed, with the loan service companies not warned and White House economists unclear of the precise cost
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✅ Joe Biden on Wednesday announced that $10,000 in student loans would be cancelled for those earning under $125,000
✅ On Friday it emerged that the Treasury Secretary, Janet Yellen, and his wife Jill urged Biden not to go ahead with the policy
✅ It was supported by Kamala Harris, Chuck Schumer, Elizabeth Warren and Raphael Warnock, according to The New York Times
✅ Biden's advisors were split: Chief of Staff Ron Klain said it would appeal to younger voters, but political advisor Mike Donilon said Americans were unsure
✅ It also emerged that the rollout was rushed, with the loan service companies not warned and White House economists unclear of the precise cost
🔥
Mail Online
Biden told NOT to cancel student loan debt by Janet Yellen and Jill
Treasury Secretary Janet Yellen and the First Lady were among those who doubted the wisdom of cancelling student loan debt, according to a report. Kamala Harris strongly backed the plan.