Birdwatch Note Rating
2023-07-01 06:59:59 UTC - SOMEWHAT_HELPFUL
Rated by Participant: E7D0446473705163469CC310C14DB7172257C13EA6115C3EE06FC9B8092D547E
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