Biden delivered remarks from the Oval Office outlining his decision not to seek reelection, his first on-camera remarks since making that announcement on Sunday. In addition to explaining why he is ending his candidacy, he listed off his priorities for his remaining time as president.
“And I’m going to call for Supreme Court reform, because this is critical to our democracy,” Biden said.
Multiple outlets have reported that Biden is considering proposals to establish term limits for Supreme Court justices and an enforceable ethics code for those on the high court.
Because I’m bored though, I’ll humor you.
Total direct loan forgiveness (not counting repayment pauses during covid or other relief measures): $167 billion
Total US outstanding student loan debt: $1.77 trillion
Total US outstanding student loan borrowers: 42.8 million
Average student loan debt per outstanding borrower: ~$40k (same source as above)
Total percentage of debt cancelled: 167m/1770m = 9.4%
Average debt relief per person: $3,900 (!)
So yes, it’s paid for multiple months worth of rent, and relieved about 10% of everyone’s debt on average! Better than I expected.