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Mark Cuban Supports President Biden’s proposal To Cancel $10,000 In Student Debt Per Borrower

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Mark Cuban on the set of "Shark Tank". / Source: Africabusinessinsider.com

Mark Cuban supports Biden‘s proposal to forgive $10,000 in student debt per borrower as long as ‘ridiculous tuition fees’ are addressed alongside it: ‘We don’t want this being a perennial problem’

That’s a reversal from his previous position that cancellation would bail out universities.He said making sure higher-ed institutions can’t charge “ridiculous” fees is a more pressing issue.

Mark Cuban, one of the wealthiest people in America, is on board with student-debt forgiveness.

At least, partial student-debt forgiveness, Cuban told Insider. In addition to saying that community colleges should be free, the billionaire entrepreneur, TV personality, and owner of the Dallas Mavericks came out in favor of President Joe Biden’s proposal to cancel $10,000 in student debt per borrower.

“We don’t want this being a perennial problem,” he wrote in an email. “It has to be fixed. As far as how much should be forgiven, I’m good with the Biden proposal.”

Pressure has been mounting over the past two years for Biden to cancel student debt, especially as midterms approach. His campaign pledge to cancel $10,000 is, to this day, the strongest commitment he’s made toward relief.

Over the years, Cuban has been consistent about his view that lowering student debt would improve the economy, although his position has always been that colleges and universities charging “ridiculous tuition fees” is his biggest concern. In fact, he’s previously said that canceling student debt is “the worst thing you can do.”

“All it does is bail out the universities,” he saidin 2015.

Even though Cuban is in favor of easing some of the $1.7 trillion-plus in cumulative student debt among Americans, he still says the exorbitant cost of higher education is a more important target.

“How do we keep students from repeating the same mistakes?” he said.

Biden recently said that a decision on student-loan forgiveness would be made in the coming weeks, and while it’s unclear what amount he might settle on, some reports have suggested he might target the relief to those making under $125,000 a year a task Politico reported would be difficult for the Education Department to do on its own.

And Cuban’s concerns with soaring tuition are shared among other Democratic lawmakers pushing for debt relief. Michigan Rep. Andy Levin, the original sponsor of free-community-college legislation in the House, previously told Insider the student-debt crisis would “absolutely be exacerbated” if free college didn’t come next. And an education secretary who served under President Barack Obama told Insider earlier this year that the lack of free community college was a policy failure Biden could correct.

“This is really a moment to correct a policy mistake of the last 40 years in terms of federal and state disinvestment, particularly from public higher education,” John King said.

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US President Joe Biden turns 80 Today: New Generation’ of Democratic Leaders Takes Control in Congress

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President Joe Biden will celebrate his 80th birthday on Sunday, marking the first time a sitting president has reached that milestone while in office and fueling speculation about how his advancing age will affect his political future.

Biden — who was the oldest person to assume the presidency in January 2021, just 61 days after his 78th birthday — has said he intends to make another White House bid, even as his age-adjacent peers, including 82-year-old House Speaker Nancy Pelosi, have made the decision to step away from leadership in order to make way for a younger generation.

“My intention is that I will run again. But I’m a great respecter of fate and this is ultimately a family decision. I think everybody wants me to run but we’re going to have discussions about it. And I don’t feel any hurry one way or the other to make that judgment.” he said last week, after helming what many say is the most successful midterm election for a sitting president’s party in decades, though noting that those results would not have an impact on his decision to run again.

PHOTO: President Joe Biden greets guests before speaking at an event at the White House complex, Nov. 18, 2022, in Washington, D.C.

Biden is the oldest person to serve as commander in chief in the nation’s history. Should he seek reelection in 2024 and win, the president would be 86 by the end of his second term. He has said he’ll talk over his future with his wife and the rest of his family over the holidays.

Biden has said he is hoping that he and his wife “get a little time to actually sneak away for a week around between Christmas and Thanksgiving” and that his decision to run for reelection will likely “be early next year we make that judgment.”

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Resign If You Have Conscience – Nana Aba Anamoah to Ofori Atta

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Nana Aba Anamoah

Popular media personality based in Ghana, Nana Aba Anamoah, has heaped an unquenchable fire on the head of Ghana’s Finance Minister, Hon. Ken Ofori Atta.

This follows the recent fall of the Ghana cedi against the dollar. In the past month, the cedi has depreciated over 40 percent which has led to rampant price hikes in the country.

The EIB Network manager, known to be extremely vocal and outspoken, commenced her campaign with an open letter to the minister about three days ago.

In the letter, the former called the latter ‘incompetent’, adding that “you have willfully provoked us with your abysmal management”.

Ghanaians, who are the main victims of the current unbearable hardship in the country, seem to love the step the woman has taken with many applauding her for her boldness and fearlessness.Nana Aba Anamoah

A post on the Facebook page of the former tv3 Ghana employee sighted by Mediaplugafrica this morning reads, “If you have a conscience and humility as the Christian you make us believe you are, you’ll acknowledge that the voice of the people is the voice of God. RESIGN, KEN OFORI-ATTA. WALK AWAY.”

Nana Aba Anamoah

In another post, Nana Aba wrote, “Ken Ofori-Atta should just walk away. Come on.”Ken Ofori-Atta

She made it a point to give the president of the land his fair share in her rants as she charged him to prove that he has the men.

Reacting to the GHOne and Star FM’s on-air personality’s way of addressing the economic crisis, some citizens suggested that the president himself must be impeached.

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Martin Kpebu Calls For The Impeachment Of Akufo-Addo

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Martin Kpebu, a private legal practitioner has described President Nana Addo Dankwa Akufo-Addo as super incompetent.

He opined that the president is clueless about managing the economy well.

Speaking on the Key Points on TV3 Saturday, October 22, Mr. Kpebu bemoaned the poor performance of the local currency against the Dollar.

“The president is clueless, he is super incompetent,” he said.

He further asked Parliament to begin a process to impeach the President following what he believes is the mismanagement of the economy.

“We need a Kumepreko demonstration and then Parliament takes up from there. One-third of MPs, let’s make the efforts to remove Akufo-Addo from office otherwise it will be an indictment on all of us.”

He stressed that the MPs from both sides of parliament should step up the process to impeach the president. According to him sitting back and doing nothing shows a nation that lacks honor.

“Make an effort, if it fails it is another matter,” he added.

The President, he said should go with his Vice.

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