 Well, folks the dream is already dead Yesterday we talked about how the Biden administration was reportedly planning on canceling a substantial amount of student debt According to a conversation that he had with members of the Congressional Hispanic caucus and today he's saying Not so fast take a look Executive authority to cancel up to $50,000 in student loan debt. Can you confirm that? What exactly are you looking to plan to do here in the coming? You mean my spokesman said that Look number one one first thing we did was Reform the system that was in place that didn't work for anybody that allowed people to write off debt if they engaged in Public service. We have almost a million 785 don't hold me the exact number. I'll get the number 700 some Thousand have had debt forgiven their whole debt forgiven because of their work Working in these are teachers or other means by which they qualify and we continue to make that easier Secondly, I am considering dealing with some debt reduction I am not considering $50,000 debt reduction But I'm in the process of taking a hard look at whether or not there are going to there will be additional debt forgiveness and I'll have an answer on that in the next couple weeks So it's most likely going to be the case that he only cancels $10,000 and it's Biden so he could say I'm asking Congress to send a bill to my desk to cancel $10,000. He might not even do that with executive action, so It's funny. I'm laughing not because this is good news I'm laughing because we live in such a cruel world Honestly, if he just waited like a week or two more to deliver us this bad news so I can dream for a little bit longer about what it would Be like to not be Burden with this debt at least that would have been kind of a little bit of a treat But it's even more cruel because as the debt collective puts it this sends a clear message to people who have suffered for decades under Impossible crushing debt. Yes, I could cancel all your debt I'm going to demonstrate that I have that power But I am deliberately deciding to keep you in debt forever and that's really what this is If you cancel student debt via executive action, then you're proving that you have the power to do that So it's not cancel at all Means you just don't want to So I mean the Republicans pledged to fight turns out you didn't have to congratulations You all got this dub millions of Americans will continue to remain in debt for the rest of their lives Nothing will change. I mean, this is what Joe Biden kind of promised us, right? Nothing will fundamentally change so for him like the thought of doing something that substantial really was It did seem too good to be true and it definitely did Bear out that way. So what I'm assuming is going to happen and this is all speculation So take that with a grain of salt is he's going to announce He's canceling ten thousand dollars in student debt or he's telling Congress to send a bill to his desk that he can sign So he can cancel student debt and that's when the repayments will resume, right? Because you can't just resume payments without doing something after for so long You've been dragging us along giving us hope here and there that maybe you do something to ameliorate our suffering But you know, who knows he could just do nothing. He could tell Congress I want to bill on my desk not take executive action and then just resume the repayments and and say well look I told Congress like This is the Democratic Party. So anything is Possible and when I say anything is possible like nothing good as possible, but the most comically idiotic scenario bearing out that is absolutely Possible, you know where he just fucks over students before the midterm election and then wonders why nobody came out to vote I mean again like he's he's saying this and He he's seemingly angry at Chuck Schumer as well I mean, he didn't express rage at all But he took a little bit of a jab at Chuck Schumer He said oh my press spokesperson because Chuck Schumer said that he's closer to getting the president to canceling student debt or that The president was closer to canceling that something of that nature and he didn't like presumably that Chuck Schumer said that But I mean Chuck Schumer is just doing what he can to nudge Biden in the right direction You know for some reason Chuck Schumer decided to really become a vocal advocate for student debt cancellation At first I thought it was a ploy to kind of fend off a Progressive primary challenger, but he's still talking about and he's not really facing, you know a primary campaign. That's actually Competitive so you know he cares about this Apparently for some reason and Chuck Schumer is just trying to nudge Biden in the right direction by saying yeah He's definitely trying to do it and the reason why I think Chuck Schumer is doing this not like Pretending that Chuck Schumer some sort of a strategic mastermind But if you set that expectation Then it looks bad for the president to not deliver on what the leader of the Senate is saying so, you know look This is Kind of what we all expected. I said in yesterday's video that I didn't want to get my hopes up I'll believe it when I see it and just a day later Biden's like now I'm not canceling $50,000 We went from thinking wow, maybe he'll cancel all of it Possibly unlikely, but most likely 50,000 if he's saying a substantial amount But I mean who knows he could cancel like a thousand and be like well, that's a substantial amount. You're welcome We just we don't know but either way. This is just it's honestly cruel like it feels cruel even the part of him Breaking it to us this quickly like as I said earlier I just want to dream a little bit just a little bit longer. Let me dream for a week. Let me think that maybe it's possible No can't have that because this is America and This is a country that is going to perpetually disappoint us because we have two political parties That don't give a shit about working people So I mean all of the Republicans who were clutching their pros at the prospect of Biden doing something good, you no longer have to worry You no longer have to try to come up with some way to convince people that getting rid of their debt is actually bad So I mean he's making the Republicans jobs easier in November, but It's Biden so not really that surprising at the end of the day. Nevertheless, it's still incredibly cruel