Back in April, Nancy Pelosi admitted Biden didn’t have the power to bail out student loan debt.
NANCY PELOSI in April: Biden does not have the power to bail out student loan debt.pic.twitter.com/0iz8uQeKXG
— RNC Research (@RNCResearch) August 24, 2022
She said, “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 is to be an act of Congress.”
Yet, Pelosi is now praising Biden’s decision to cancel student loan debt on Wednesday.
.@POTUS’ bold action is a strong step in Democrats’ fight to expand access to higher education.
By delivering historic targeted student debt relief to millions of borrowers, more working families will be able to meet their kitchen table needs as they recover from the pandemic.
This action will help those most in need, easing a financial burden disproportionately harming women and people of color.
Guided by @POTUS’ commitment to justice and equity, Democrats are opening the gates of higher education for those who have long been left behind.
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