“He can postpone. He can delay. But he does not have that power.”
Some progressives on Twitter are flipping out over this and insisting that Biden does have the power to do it.
Transcript via The College Fix:
People think that the President of the United States – is this more on the subject than you ever want to know? Well, you’ll let me know. People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress. And I don’t even like to call it forgiveness because that implies a transgression. It’s not to be forgiven, just freeing people from those obligations.
Stay with the video, the audio improves when Pelosi starts speaking:
STUDENT LOAN FORGIVENESS: Speaker Pelosi says that President Biden does not have the power to cancel student debt, in contrast to the belief of Senate Majority Chuck Schumer and Sen. Elizabeth Warren, who are calling on Biden to forgive $50,000 of student debt. pic.twitter.com/jE4iu9rsrd
— Forbes (@Forbes) July 28, 2021
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