Yeah...this will be injuncted by the courts, the dems and their media lapdogs will whine saying 'look at how the evil right wing courts are stopping us from lifting people out of debt' ignoring the whole point that the president doesn't get to control the purse strings, that's Congresses job.
If they were serious they'd let it be handled by normal bankruptcy courts than the shitshow it is now, but I bet that doesn't get the votes compared to offering demon deals to remove debt.
If they were truly serious the feds would get out of the student loan racket entirely. Force universities to lower tuition when they suddenly find far less students can afford to apply and look for alternatives like trade schools.
They may even have to stop paying $200K to professors who do nothing but write propaganda books and leave the teaching to someone else. Oh the horror!
Lol literally vote buying... But how can they "forgive" debt they didn't impose in the first place? I don't understand all the mechanics but if it were actual debt owed to the government, wouldn't they have to pass a new budget to pay for that?
To bring people over the line for forgiveness, the Biden administration counted payments for borrowers who’d paused their payments in certain deferments and forbearances and those who’d made partial or late payments.
Oh - so it's not really debt forgiveness but some kind of trick that helps people pay less interest that is only there in the first place because of silly rules? (like the bank reordering your daily charges so they could make you pay more interest or overdraft fees)
Also this shouldn't surprise anyone but DNC News here gave Biden's statement and one from a supporter. That's it. Not one opposing position is sought or provided. The supporter's statement is unintentionally hilarious though:
Make no mistake — over 804,000 people are receiving relief with this action because of 804,000 failures
Based?
Working people have been made collateral damage by a dysfunctional student loan system.
The same loan system Biden signed into law decades ago?
Working people have been made collateral damage by a dysfunctional student loan system.
Don't the working class taxpayers actually wind up footing the bill for the discharged loans of the upper classes' failed progeny when loans are forgiven?
Lying liars lie, so I shouldn't be surprised, but I'll be damned if that isn't the exact opposite of what the policy does!
Taxes don't pay for shit in this country. We've long paid for everything using the money printer, and inflation absolutely fucks over the working class.
Indeed, but making them free turns them into an entitlement, and when a family of hu-cows waddle in and demand basket after basket after basket, lowing uproariously if they do not get their "free breadsitcks" when they want them, it really devalues the breadsticks.
A friend of mine went to a restaurant that promised a free meal if they could scarf down a large set of noodles. She set a state record, and then puked it all. I really miss that friend.
If only they had had simple majority in both houses, they totally would have passed a higher minimum wage, codified abortion rights and canceled student debt.
It is those mean Republicans and their Nazi SCOTUS' fault!
Just keep voting Blue, next time they have a majority they'll get you all the stuff they promised. This time for real. For sure, just vote Biden.
It is the eternal dangling carrot strategy, and every fucking time donkeys fall for it.
Also, don't ask who made student loan debt non dischargeable through bankruptcy.
That's the plan. Fuck up the economy more because it's not quite bad enough for any incoming R win to be unable to deal with atm. Gotta create more fires for the other side to have to suffer with in the next 4 years.
Student loans can't be discharged in bankruptcy. I know some over-educated midwits will try, but on top of the usual credit hit, they're getting their Starbucks wages garnished. That's what happens when you enter a bargain with the Devil Government and make higher education a "human right."
When I was in college a decade ago it was already being debated on whether or not college was worth a damn. Most college graduates wound up in jobs that didn't require a degree, degrees had been watered down to the point they weren't worth the paper they were printed on, etc. I remember media outlets talking about these very points, with discussions on the increasing debt everyone held.
Now, everyone seems to have forgotten these discussions from just a decade ago. It is so bizarre. Everyone is still sending their kids off to college. I brought up the topic in a normie bar and I got shut down hard by "right wingers" when everyone was discussing it just a decade ago. It is so bizarre how much America has changed.
For the record, I am still not sure about debt forgiveness. I have seen arguments for and against from dissidents. Obviously, this is the left buying the votes of the young. But the old right is playing into their hands like the fools they are... maybe that is why the discussion got shut down. Turned into yet another dividing point between the left NPCS and the "right" grillers/ normies.
There are certainly more elegant solutions, and I think you are on to something in noticing how those old conversations just disappeared.
Just spitballing -- what if we made universities actually publish their ROI for all programs receiving financial aid? And then discharged the debt to the universities for failing to hold up their end of the bargain? I promise you the problem in universities would clean itself up overnight.
Yeah, actually. What I proposed is supposed to be the eventual compromise position.
If you make colleges publish their ROI and forgive everything above that number -- women with dumbfuck degrees make out like bandits. But you have to understand women always make out like bandits; it's the natural way of things. You would probably have more pushback if you didn't disproportionately take care of women anyway.
But with women making out like bandits a lot of people get a monkey off their back, and universities have to reckon with the fact they took millions of federally guaranteed loans and intentionally ruined that investment. They get punished, and probably reformed.
It's a very idealistic scenario, I grant you that... but that is how we could theoretically address the debt crisis and not punish the taxpayers or the students to an extreme degree
They actually did it, even thought it won't go anywhere this will create a lot of news vomit. What ELSE did they just do that needs this level of distraction?
Yeah...this will be injuncted by the courts, the dems and their media lapdogs will whine saying 'look at how the evil right wing courts are stopping us from lifting people out of debt' ignoring the whole point that the president doesn't get to control the purse strings, that's Congresses job.
If they were serious they'd let it be handled by normal bankruptcy courts than the shitshow it is now, but I bet that doesn't get the votes compared to offering demon deals to remove debt.
The courts have already told him he can't do this.
This is just the Dem way of drumming up support for their agenda of disenfranchising the judicial branch.
If they were truly serious the feds would get out of the student loan racket entirely. Force universities to lower tuition when they suddenly find far less students can afford to apply and look for alternatives like trade schools.
They may even have to stop paying $200K to professors who do nothing but write propaganda books and leave the teaching to someone else. Oh the horror!
When you find out who was responsible for making it so you can't discharge student loan debts in bankruptcy, you'll shit bricks.
Lol literally vote buying... But how can they "forgive" debt they didn't impose in the first place? I don't understand all the mechanics but if it were actual debt owed to the government, wouldn't they have to pass a new budget to pay for that?
Oh - so it's not really debt forgiveness but some kind of trick that helps people pay less interest that is only there in the first place because of silly rules? (like the bank reordering your daily charges so they could make you pay more interest or overdraft fees)
Also this shouldn't surprise anyone but DNC News here gave Biden's statement and one from a supporter. That's it. Not one opposing position is sought or provided. The supporter's statement is unintentionally hilarious though:
Based?
The same loan system Biden signed into law decades ago?
Don't the working class taxpayers actually wind up footing the bill for the discharged loans of the upper classes' failed progeny when loans are forgiven?
Lying liars lie, so I shouldn't be surprised, but I'll be damned if that isn't the exact opposite of what the policy does!
Taxes don't pay for shit in this country. We've long paid for everything using the money printer, and inflation absolutely fucks over the working class.
Nothing erodes value quite like making it free. See free love, free health care and free breadsticks as examples.
Whoa Whoa Whoah, those breadsticks are awesome.
Indeed, but making them free turns them into an entitlement, and when a family of hu-cows waddle in and demand basket after basket after basket, lowing uproariously if they do not get their "free breadsitcks" when they want them, it really devalues the breadsticks.
A friend of mine went to a restaurant that promised a free meal if they could scarf down a large set of noodles. She set a state record, and then puked it all. I really miss that friend.
>Olive Garden
🤮
didn't SCOTUS just slap this down?
fn judeo-commies never relent.
As if Dems care what SCOTUS say unless previously providing the script.
Because the dollar is worthless
And so is the higher education it bought in these cases.
it may have been worthless, but it sure cost a lot of resources and manpower
If only they had had simple majority in both houses, they totally would have passed a higher minimum wage, codified abortion rights and canceled student debt.
It is those mean Republicans and their Nazi SCOTUS' fault!
Just keep voting Blue, next time they have a majority they'll get you all the stuff they promised. This time for real. For sure, just vote Biden.
It is the eternal dangling carrot strategy, and every fucking time donkeys fall for it.
Also, don't ask who made student loan debt non dischargeable through bankruptcy.
It's one of those bingo card options that come around during election years.
Forgive student loans
BLM
Any previous "scandal"
Something that was probably previously opposed but not has popular support, like gay marriage
??? didn't scotus just tell him to fuck off and he can't do that?
They know they can't turn it back on. Everyone will default.
I just want the universities to pay. They wrecked the system, nuked their own value, and lined their pockets along the way.
That's the plan. Fuck up the economy more because it's not quite bad enough for any incoming R win to be unable to deal with atm. Gotta create more fires for the other side to have to suffer with in the next 4 years.
Dems: "Short term gains done by investment companies are evil!"
Also Dems: "Forgive student debt now!"
Student loans can't be discharged in bankruptcy. I know some over-educated midwits will try, but on top of the usual credit hit, they're getting their Starbucks wages garnished. That's what happens when you enter a bargain with the
DevilGovernment and make higher education a "human right."When I was in college a decade ago it was already being debated on whether or not college was worth a damn. Most college graduates wound up in jobs that didn't require a degree, degrees had been watered down to the point they weren't worth the paper they were printed on, etc. I remember media outlets talking about these very points, with discussions on the increasing debt everyone held.
Now, everyone seems to have forgotten these discussions from just a decade ago. It is so bizarre. Everyone is still sending their kids off to college. I brought up the topic in a normie bar and I got shut down hard by "right wingers" when everyone was discussing it just a decade ago. It is so bizarre how much America has changed.
For the record, I am still not sure about debt forgiveness. I have seen arguments for and against from dissidents. Obviously, this is the left buying the votes of the young. But the old right is playing into their hands like the fools they are... maybe that is why the discussion got shut down. Turned into yet another dividing point between the left NPCS and the "right" grillers/ normies.
There are certainly more elegant solutions, and I think you are on to something in noticing how those old conversations just disappeared.
Just spitballing -- what if we made universities actually publish their ROI for all programs receiving financial aid? And then discharged the debt to the universities for failing to hold up their end of the bargain? I promise you the problem in universities would clean itself up overnight.
You think the ROI argument will pass when women are the majority of college students with shit degrees? Why do you hate women, you misogynist?
Yeah, actually. What I proposed is supposed to be the eventual compromise position.
If you make colleges publish their ROI and forgive everything above that number -- women with dumbfuck degrees make out like bandits. But you have to understand women always make out like bandits; it's the natural way of things. You would probably have more pushback if you didn't disproportionately take care of women anyway.
But with women making out like bandits a lot of people get a monkey off their back, and universities have to reckon with the fact they took millions of federally guaranteed loans and intentionally ruined that investment. They get punished, and probably reformed.
It's a very idealistic scenario, I grant you that... but that is how we could theoretically address the debt crisis and not punish the taxpayers or the students to an extreme degree
They actually did it, even thought it won't go anywhere this will create a lot of news vomit. What ELSE did they just do that needs this level of distraction?