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.
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.