Birdwatch Note Rating
2023-07-01 01:28:56 UTC - HELPFUL
Rated by Participant: 9155BEA88728F81E433412D4A61EE43C8C4753F8DB4EC8E5C5200D24DF9AC882
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
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