With the possibility of a major recession looming just over the horizon, there has been plenty of speculation this week as how best to stimulate the US economy.
President Trump is locked in a heated trade war with Beijing, with China now stalling presumably until 2020 in hopes of negotiating with a less-savvy business mind should POTUS’ reelection not occur.
On top of this, the middle class is still disappearing at an alarming rate as corporate behemoths such as Walmart and Amazon continue to pillage a vast majority of Americans while simultaneously replacing their workers with robots and automation.
All of this makes for tricky economic work, but, lucky for us, President Trump isn’t one to back down from a challenge.
One way in which the Commander in Chief is putting money back into the economy is by cutting the federal student debt of wounded veterans.
President Donald Trump signed a memorandum effectively canceling federal student debt loans for America’s wounded warriors on Wednesday.
“Veterans who have made such enormous sacrifices for our country should not be asked to pay any more, rather it is America who owes our heroes a supreme debt of gratitude,” he said.
The president spoke to the AMVETS Convention in Kentucky on Wednesday, announcing his decision and signing the document.
The move is an impressive and overdue one.
According to the White House, the memorandum orders Secretaries of Education and Veterans Affairs to expedite totally and permanently that disabled veterans have their Federal student loan debt discharged with minimal burdens.
Trump also touted his administration’s accomplishments for America’s military veterans.
“After years of neglect, we are fixing the heartbreaking failures from the last Administration at the Department of Veterans Affairs,” he said. “America must never abandon our heroes in their hour of need.”
These heroes will now face what challenges may lie ahead with one less burden to grapple.
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