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‘Never Let A Serious Crisis Go To Waste’ Crowd Strikes Again

Joe Biden

At a glance

  • Rahm Emanuel, then chief of staff to President-elect Barack Obama, famously issued what has come to be known as Rahm’s rule: “You never want a serious crisis to go to waste. And what I mean by that [is] it’s an opportunity to do things that you think you could not do before.”
  • Emanuel argued that the 2008 financial crisis afforded the new Obama-Biden administration the opportunity to “do things” they couldn’t otherwise.
  • Trillions of dollars in higher spending later, President Biden recently dusted off Rahm’s Rule for yet another purpose — justifying his administration’s college debt cancellation plan.

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