Assuming Mitch McConnell and Brett Kavanaugh allow for a transfer of power, the first 100 days of Biden’s administration look extremely interesting. Usually I look at these agendas pretty askance because it never really works out. But there is something that needs to be highlighted here.
Chuck Schumer to @AnandWrites:
argues for an FDR-like first 100 days.
Says they will focus on:
$15 minimum wage
infrastructure bill that will also employee ppl w/ prison records
student debt cancellation via executive order
— Alex Thompson (@AlxThomp) November 3, 2020
The one that really stands out here is the student loan forgiveness. Up to $50,000 per person by executive order! Doing this alone would transform an entire generation, placing a huge amount of money into the economy as people in their 20s and 30s (and 40s and 50s) would be spending on whatever they wanted instead of servicing debt. This alone would put Biden in the upper echelon of president all time–a low bar to be sure, but still. As much as I admire Obama’s fight for the ACA, this is a more direct and perhaps bigger move. And this isn’t coming out of nowhere. If Chuck Schumer is talking about it, you know this is a central part of the agenda.
Really, this would be huge. No wonder McConnell and the Republican Party are willing to overthrow democracy in order to keep power.