Peter Zeihan: What Would a Conflict in Taiwan Look Like?
Let’s discuss what China’s potential invasion of Taiwan would look like. Should China attack, both Biden and Trump have been explicit that the US would…
Thought Leader: Peter Zeihan
Why federal student loans need new protections on debt collection
By the Honorable Sheila C. Bair (original source Yahoo Finance)
Democrats have roundly criticized President Trump for making aggressive use of his executive authority and to be sure, the President has repeatedly tested the limits of his constitutional powers. Yet in one area, they are one-upping the President, pressing Joe Biden, if elected, to cancel up to $50,000 of federal student loan debt for millions of borrowers.
Across-the-board debt cancellation would be a highly aggressive use of Presidential power under the Higher Education Act where the authority to “waive, or release” debt appears to be focused on troubled borrowers. But given the drag of $1.5 trillion of federal student debt on our economy, this may well be justified. At the very least, this executive authority should be used to give relief to deeply distressed borrowers, better conforming government debt practices to those of regulated bank lenders.
Relevant and recent posts
Dr. Sanjay Gupta: Rethinking Health Rules We Grew Up With
“Drink your milk,” we are told as children. CNN Chief Medical Correspondent Dr. Sanjay Gupta examines our practice of continuing to drinking cow’s milk as…
Thought Leader: Sanjay Gupta
Erika Ayers Badan: Turning What Fuels You Into Business
Kerri Rosenthal is an artist, a businesswoman, a mom, not someone giving up her ambition (is that what we’re supposed to be doing at work…
Thought Leader: Erika Ayers Badan
