No student debt cancellation after all
- Thread starter Crazyhole
- Start date
Why would you accrue that much debt from the gravel institute? It can’t cost that much to teach how to break rocks into smaller rocks.
Only you would spin a campaign lie as a positive thing. The Dems can’t do anything wrong in your eyes.
Not a lie so much as a misunderstanding of what a president can actually do through executive order. The administration reportedly researched the legality of cancelling debt through EO and was given a thumbs down. A case of if he could he would. Now instead congress will have to create legislation and pass it. At which point I’m pretty sure he would sign off.
So the guy who spent 36 years in the Senate and 8 years as Vice President of the United States just “misunderstood” what he can and can’t do with executive order? He didn’t bother to check on whether it was legal or not until after he was in office? Did he get some new access to the law he didn’t have when he was making promises and courting votes?
I suppose that he could suspend collections on all (at least federally-backed) student loans through EO right now in the same way that they have suspended rent collections and evictions. At some point they are going to have to drop the state of emergency and return everyone to their normal powers, but until then I think that would fly.
If you go back to my comments last year on this topic, I'm on record as being against excusing student debt. The real issue is the ungodly increases in the cost of higher education in our lifetime.
But in typical weather-vane, political-spin fashion, our Red Hats would rather blast Biden breaking a campaign promise than applaud him for scrapping a proposal you guys told me you also wanted him to nix.
Apparently it was not clear. Which is why he reportedly had people look into the legality of it a couple months back.
Biden asks Education secretary to see if he can legally cancel student debt
President Biden has asked Education Secretary Miguel Cardona to prepare a memo on the president's legal authority to cancel up to $50,000 in student debt.
It’s a program that rewards years of service with debt cancellation thus it is important for said program to actually be lasting. Which is precisely why it should be implemented through congressional legislature rather than executive order.
But if you are desperate to chalk up “broken promises” in May of his first year in office, then I guess you got one. Goody goody.
He has already suspended collections through October by EO.
Biden extends student loan payment freeze—what experts say borrowers should do
Four student loan experts weigh in on how borrowers should react to President Biden extending the payment pause on student loans.
Yeah but those are only federally-backed student loans, not all of them, and this is temporary. The money will still be owed and it’ll be interesting how they plan to collect. In the case of rent, it’s entirely possible all unpaid rent payments will come due as soon as the freeze ends.He has already suspended collections through October by EO.
Biden extends student loan payment freeze—what experts say borrowers should do
Four student loan experts weigh in on how borrowers should react to President Biden extending the payment pause on student loans.www.cnbc.com
That's not what I mean. What I'm highlighting is that your Team D guy is President so know you get to see what it's like to constantly read how poorly he's doing no matter what the issue is or what he does. At least no one is going to call him Hitler, though, and no one is going to call you a Nazi or a brownshirt no matter what you do, so you've got it easier right there.
Good grief, talk about stretching a point beyond recognition. 🙄
There's a huge difference with Trump: He did poorly no matter what the issue.
What were his big triumphs for crying out loud? He left the nation worse off in every way from the one he took over. Rest assured, he will go down in history as our worst president ever. What does that say about the people who voted for him in 2016 and --- despite what they knew about him come reelection time -- voted for him YET AGAIN in 2020?
Stop avoiding the question. I was responding to your silly, "See how badly it feels when folks are unfairly crapping on the President YOU support?" take.
The photographer capturing his sons funeral did. Not QAnon. Assuming you are talking about the video of him with his grandson at his fathers funeral.
Reality is he doesn't have the votes, and must pick his battles. I am glad the idea is dead for now, I will be one to say he didn't break a promise, simply didn't have the power to keep it. I am glad he failed on this one, and glad he has done well getting the Trump vaccines into arms. So for me he is batting 100% on these 2 items.
Biden Has Now Cancelled $3 Billion Of Student Loans
What this means for your student loans.
www.forbes.com
Sorry, I'm with @Knight In TN here.
Biden made a campaign promise he knew he couldn't address. Granted, when there are Warren and others in the DNC 'talking out of their rectum,' he had to 'say something' to his voters. But in the end, he's literally doing $0.
At the same time, Biden is trying to 'do the right thing,' civics-wise, now that he's President. My complaints are with him elsewhere. Frankly, I like seeing the Progressives who voted for having to 'eat their words.' But then there are some like yourself @hemightbejeremy, that make excuses for Biden instead of admitting it.
Again, I'm totally with @Knight In TN here.
Yeah I’m not mad at what he’s doing. I’m just pointing out to the ones who fell for the lie that it wasn’t something he ever genuinely intended to do. He already knew he couldn’t. But that doesn’t stop him from saying that the thing he can’t do is a reason you should vote for him.
Yeah I’m not mad at what he’s doing. I’m just pointing out to the ones who fell for the lie that it wasn’t something he ever genuinely intended to do. He already knew he couldn’t. But that doesn’t stop him from saying that the thing he can’t do is a reason you should vote for him.
He’s cancelled $3 billion of the nearly $2 trillion? I guess that’s a promise kept, huh?Biden Has Now Cancelled $3 Billion Of Student Loans
What this means for your student loans.
Some of it was already in-progress during Trump, like the ITT non-sense. The Biden administration just went farther than the Trump administration did.
BTW, I still remember the ITT calls in the '90s trying to entice me to get an EE (really EET) degree from them, instead of an EE from UCF. Luckily I knew the difference. I'm sure it became far worse by the '00s through '10s.
When W. started pumping yet more money into education (yes, he did, sorry lefties), he created this whole new problem that we still are trying to get ourselves out of. And when Obama changed the rules by his 2nd term to rein in all those problems, he made it yet worse.
And places like ITT couldn't survive, no different than places where people like Bernie Sanders' wife were leaders. Private educational institutions who benefitted from over-pumping education with taxpayer money were now suddenly at the mercy of it.
But no one wants to learn this lesson. We all want to blame one party or another, lying the whole way. W. shows how pumping taxpayer money into things just causes new issues.
This is pretty much why I'm a die-hard Libertarian. There is almost no 'good socialism,' at least not in America, with American attitudes and selfishness.
Green economies are destroying real, environmental progress, in the US as well.
I’m not really one for tallying up promises kept/broken in June of the first year in office. But at least it’s a start toward making good on it.
If you don't like SOME socialism, don't use the roads, water, fire dept, police dept, etc ....I'll stop there.
Actually, more than half the roads in Florida are privately owned. As a Libertarian, I'm fine with that, but I want them not to use eminent domain, which is another argument.
Eminent domain isn't socialism. It's actually Leninist/Stalinist/Castro-like.
Furthermore, it's not socialism to borrow and use money that doesn't exist. That's actually fascism economic model, and the left loves it as much as the right.
Again, Americans suck at socialism because they don't understand it.
Students borrowed to get an education and make more $$. They should pay the money back. They made the decision and should live with it. Hell I borrowed money to buy the wife a car so she could safely drive back and forth to work. They should just give it back.
The problem is that politicians sold people a bill of goods that a college degree was the only gateway to the American dream and drove the academic complex (that then kicked them back huge speaking fees). Now that the populace has realized the unavoidable economic realities of the labor market, politicians are scrambling to maintain power. Unfortunately, they’re going to use our taxpayer money to buy back that power and aren’t going to feel the responsibility of their greedy actions.
Democracy in action.
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