Birdwatch Note Rating
2023-07-02 02:37:20 UTC - HELPFUL
Rated by Participant: 955E8A269842665A369434C1A2833A87CA2C615DEE930B7441A4A7CD2519DE11
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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