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Flashback: Pelosi Says President 'Does Not' Have 'The Power for Debt Forgiveness'

Posted on AllSides August 24th, 2022
From The Right

The president of the United States can postpone or delay loan repayments, but he does not have the "power for debt forgiveness," House Speaker Nancy Pelosi said a little over a year ago.

At her July 28, 2021 press conference, a reporter asked Pelosi about the Democrat push to cancel student loan debt -- a move that would leave American taxpayers with the tab:

"Here's the thing," Pelosi responded:

"People think that the President of the United States has the power for debt forgiveness.  He does not.  He can postpone. ...

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