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He’ll pause it one more time to continue currying favor ahead of midterm elections then if it looks like republicans are gonna do well in midterms he’ll do some sort of forgiveness or he’ll continue the holds til 2024 and use it during the presidential election.

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100% agree. I think forgiveness comes ahead of 2024. They have lots of ammo for November if they can keep up their policy momentum

Canceling student loans is one of the dumbest political moves Dems could do.

1) Most people don't go to college.

2) Most people who got student loans have paid theirs off

3) it regressive and would help the well off much more than those who could actually use the help.

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I do believe in loan forgiveness to improve economic health and resiliency, but in the current environment timing is important. You do that now, and any economic benefit will be degraded by inflation.

Its not happening.

To be honest this is not the time to be forgiving student loans. I was in favor of the policy and I think it is a great way to give a jolt of life to a sluggish economy. But the economy right now is in overheated mode. Any more money injected into the economy right now would make inflation worse.

If we do enter a prolonged recession and inflation comes back down to below 2% again then it is the right move to make.

Doesn’t particularly matter how cash flush the consumer is, if you snap your fingers and drop money in consumers’ hands, producers/vendors will fight to capture the incremental purchasing power, and landlords are the most nimble at doing so.

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It also depends on who’s running in 2024 on each side. If republicans put up anyone other than Trump especially if it’s someone who’s not as radical or polarizing it’s gonna be hard for democrats to garner support without essentially buying votes with loan forgiveness.

Is there anything stopping Biden from putting an indefinite hold on student loans without necessarily forgiving them or is he limited to 6 months at a time?

This is a divisive issue even among Dems. Probably better to kick it to after midterm.

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Here’s how to withdraw your funds from FTX

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