Joe Biden Cancelling Student Loan Debt Is A Terrible Idea! Here’s Why!

RCT Podcast

Today President Joe Biden said he considering cancelling an amount of student loan debt less than $50,000. Elected leaders like Alexandria Ocasio-Cortez and Elizabeth Warren have been strong supporters of eliminating student loans. Today I give statistics that show why the argument given by democratic lawmakers is actually ill advised, and how forgiving student loans will not only be pointless in terms of economic growth, but how it only benefits higher income earners. Furthermore, I discuss the relationship between Federal Student loans and the Affordable Care Act (ACA) a.k.a Obama Care. #Studentloans #AOC #cancelstudentloandebt #BarrackObama #ElizabethWarren #JoeBiden #Obamacare #ACA #AffordableCareAct #msnbc #foxnews #CNN Video Credits:https://www.youtube.com/watch?v=upH7KcmXq0U Informative Links:https://www.cnbc.com/2021/03/11/student-loan-forgiveness-is-now-tax-free-is-cancellation-coming-.html https://www.savingforcollege.com/article/who-owes-the-most-student-loan-debt https://studentaid.gov/understand-aid/types/loans/interest-rates https://www.brookings.edu/research/black-white-disparity-in-student-loan-debt-more-than-triples-after-graduation/ https://www.youtube.com/watch?v=4m705HMNYoA