Birdwatch Note Rating
2023-07-03 13:51:48 UTC - HELPFUL
Rated by Participant: 39CB8506C4151013EC784B18DAA940F6A405F7F6DA17B2DD0BDEDD9F5E3DF614
Participant Details
Original Note:
The President alone cannot forgive student loan debt; it takes an act of Congress to take funds from the US Treasury. https://www.law.cornell.edu/constitution-conan/article-1/section-9/clause-7/appropriations-clause The CARES act (overseeing PPP Loans) was passed by Congress. PPP loans were for payroll and designed to be forgiven when used for that purpose. https://crsreports.congress.gov/product/pdf/R/R46397
All Note Details