We gladly welcome news that debt relief is on the way for public servants and their student loans. The Education Department has announced major reforms to the program that will bring thousands of borrowers closer wiping out their debts.
The borrowers, without any action on their part, will automatically be eligible for relief.
Now if we can get a similar kind of relief in effect for students at HBCUs who are greatly underserved and who may be even more so if President Biden’s budget plan is reduced.
Biden’s “Build Back Better” agenda is gradually being bifurcated into one plan for jobs and another for the social net. What this means is that the plan is at the mercy of moderate Democrats such as Senators Manchin of West Virginia and Sinema of Arizona.
It’s confounding that two senators can wreck such havoc, virtually holding the Democratic progressives hostage and forcing them to reduce the budget request, even though as it stands it is not sufficient.
There should be some congressional news on the debt ceiling by the time you read this, and that’s another pressing concern that has ramifications across the social, political, and economic spectrum.
We are in total agreement with Biden’s recent comments to raise the debt limit and how the Republicans seem content to extend the tax-and-spending recklessness of the previous administration.
Too often Americans are slow to connect the dots, particularly on economic matters, though there is very little they can do about it except pressuring their representatives. The other day there were thousands of demonstrations supporting Roe v. Wade, we need such outpourings on economic affairs and the dangers we incur from Republican obstinacy.