{"id":1452076,"date":"2022-04-24T14:44:46","date_gmt":"2022-04-24T18:44:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1452076"},"modified":"2022-04-24T14:44:49","modified_gmt":"2022-04-24T18:44:49","slug":"not-everything-has-to-go-through-congress-elizabeth-warren-wants-biden-to-be-more-authoritarian-axe-student-debt","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/not-everything-has-to-go-through-congress-elizabeth-warren-wants-biden-to-be-more-authoritarian-axe-student-debt\/","title":{"rendered":"\u2018Not Everything Has To Go Through Congress\u2019: Elizabeth Warren Wants Biden To Be More Authoritarian, Axe Student Debt"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnot-everything-has-to-go-through-congress-elizabeth-warren-wants-biden-to-be-more-authoritarian-axe-student-debt%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1452076&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/GettyImages-1239032907.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Senator Elizabeth Warren made it clear on Sunday that she\u2019d be happy to see President Joe Biden flex some authoritarian muscle in the months leading up to the 2022 midterm elections.<\/p>\n<p>Warren, who has long been an advocate for <a href=\"https:\/\/dailywire.com\/news\/citing-racial-inequality-schumer-asks-biden-to-flick-his-pen-and-cancel-50000-in-student-debt\/\">canceling student loans<\/a>, argued on CBS News\u2019 \u201cFace the Nation\u201d that Biden should step up and cancel the debt on his own rather than waiting for Congress to act.<\/p>\n<p>\u201cI know you believe the president can just erase it essentially through executive orders,\u201d host Margaret Brennan began. \u201cBut both the White House and Speaker Pelosi have said he may not have the authority, that Congress would have to act here. Have you persuaded the White House otherwise?\u201d<\/p>\n<p>\u201cLook, we know that the president has the authority to cancel student loan debt. And the best way we know that is because Obama did it, President Trump did it, and President Biden has now done it repeatedly,\u201d Warren claimed.<\/p>\n<p>\u201cExtending the deadlines, you mean there?\u201d Brennan pressed.<\/p>\n<p>\u201cNo, no. They have canceled. Remember, they have canceled debt,\u201d Warren repeated. \u201cThey both canceled it for people in certain categories entirely, but they have also canceled the interest that is due on people\u2019s student loans. They haven\u2019t deferred it; they have canceled it. Because the power of cancellation is already in the statute. President Obama, President Trump, President Biden have all done it. Understand on cancellation, this is something the American people want, and it\u2019s something that tens of millions of people need.\u201d<\/p>\n<p>Brennan pushed back, noting that one of voters\u2019 key concerns going into the midterm elections was the overwhelming <a href=\"https:\/\/dailywire.com\/news\/voters-know-biden-is-to-blame-for-higher-prices-rnc-slams-white-house-for-pinning-inflation-on-putins-price-hike\/\">impact of inflation<\/a> \u2014 and she asked Warren whether canceling such a vast amount of federal debt would make inflation worse.<\/p>\n<p>\u201cNo, it is not inflationary,\u201d Warren objected. \u201cNot paying student loans has been baked in for three years now. But keep in mind, as President Biden himself says, the way we deal with inflation is not by making people poorer. The way we deal with inflation is we attack high prices head-on. Price gouging \u2014 we straighten out the supply chains so goods can come into people. We attack it head-on, not by trying to make people poorer. Canceling student loan debt is something that would be good for people all across this country, and, more importantly, good for our economy overall.\u201d<\/p>\n<p>\u201cNot everything has to go through Congress,\u201d Warren said, again calling for Biden to act alone.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Democrat Senator Elizabeth Warren advocates for Biden to cancel student loan debt by executive fiat: &#8220;not everything has to go through Congress&#8221; <a href=\"https:\/\/t.co\/kjOAiFPIXw\">pic.twitter.com\/kjOAiFPIXw<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1518247937989656583?ref_src=twsrc%5Etfw\">April 24, 2022<\/a><\/p>\n<\/blockquote>\n<p>Despite Warren\u2019s claims to the contrary, a <a href=\"https:\/\/www.crfb.org\/blogs\/cancelling-student-debt-would-add-inflation\">report<\/a> from the Commits for a Responsible Federal Budget says that canceling student debt \u2014 some $1.6 trillion \u2014 would almost certainly impact inflation, and not in a positive way.<\/p>\n<p>\u201cThe inflation effect of cancelling $1.6 trillion in student debt would be small relative to the enormous amount involved, since repayments are spread out over <a title=\"Partial Student Debt Cancellation is Poor Economic Stimulus\" href=\"https:\/\/www.crfb.org\/blogs\/partial-student-debt-cancellation-poor-economic-stimulus\" data-entity-substitution=\"canonical\" data-entity-type=\"node\" data-entity-uuid=\"a358222f-4d63-4277-a9db-567399518584\">time<\/a> and the benefits of debt cancellation accrue mainly to higher earners, who tend to save more of their money.<sup><a id=\"_ednref3\" title=\"\" href=\"https:\/\/www.crfb.org\/blogs\/cancelling-student-debt-would-add-inflation#_edn3\" name=\"_ednref3\">3<\/a><\/sup> However, the increase is significant relative to the underlying inflation rate. It would represent a 4 to 20 percent increase relative to the Fed\u2019s latest inflation forecast and a 5 to 25 percent increase above its target,\u201d the report concluded.<\/p>\n<p>The report also warned that even continuing the payment moratorium for another year could have the same effect \u2014 largely because the \u201cincrease in cash flow to individuals\u201d remains the same while the number of products available remains depressed due continued snags in the supply chain and a slow recovery from pandemic-related shutdowns.<\/p>\n<p><i>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same?\u00a0<a class=\"in-cell-link\" href=\"https:\/\/utm.io\/ueuP8\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission<\/a>.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senator Elizabeth Warren made it clear on Sunday that she\u2019d be happy to see President Joe Biden flex some authoritarian muscle in the months leading up to the 2022 midterm<\/p>\n","protected":false},"author":93,"featured_media":1480282,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1452076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1452076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1452076"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1452076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1480282"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1452076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1452076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1452076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}