Debt

The Supreme Court ruled today, as expected, to shoot down Biden's plan to cancel student debt. Biden said, I will stop at nothing to find other ways to deliver relief to hard-working middle-class families. A much better way to help working families is to cancel credit card debt. While student debt is $1.78 trillion the credit card debt is only one trillion. It is the working poor who would most benefit from canceling credit card debt and these are people who will not have the earning power that college grads will have. 90% of lawyers and doctors have student debt and they will have the ability to repay. 35% of credit card debt is carried forward month to month meaning most of these people are paying 20% interest on this debt.