Joe Biden’s Debt Cancellation Games

Since the 1990s, student loan debt in the United States has ballooned to the point that the numbers sound like a mean joke: As of May 2022, the outstanding balance of federal education loans topped $1.6 trillion. But as huge as that figure is, we’re not powerless in the face of it. In his campaign for president, Joe Biden supported the immediate cancellation of a minimum of $10,000 of student debt per person. On episode 50 of The Politics of Everything, hosts Laura Marsh and Alex Pareene talk about why the Biden administration should follow through on its promise—and why Democrats seem so reluctant to get behind the policy. Guests include Astra Taylor, a frequent contributor to The New Republic and a co-founder of the Debt Collective, and Ryan Cooper, the author of How Are You Going to Pay for That? Smart Answers to the Dumbest Question in Politics.

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