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Biden Cancels Nearly $4.3 Billion in Public Worker Student Debt
(www.bloomberg.com)
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I can only speak from across the pond, but that's likely the strategy. It has no downsides for the current administration - but the incoming administration either has to cancel it and look like the shitheads (not that they seem to care about that), or run with it to save face, and try and find the budget for it.