Summary
President Biden announced student loan forgiveness for 150,000 additional borrowers, raising the total to over 5 million under his administration.
The latest beneficiaries include borrowers defrauded by schools, individuals with disabilities, and public service workers.
Biden emphasized his focus on expanding pre-existing forgiveness programs after his broad plan was struck down by the Supreme Court in 2023.
Conservatives and Trump argue the efforts overstep executive authority and unfairly shift costs.
Biden called the initiative a fulfillment of his promise to reduce financial barriers to education.
“But but but, Biden’s not doing anything!”
He’s leveled up. Now he’s doing to little to late! Good job Grampa, hope you remember us as we all get to enjoy Trump.
Boy the haters coming out late. Pulling out the good old “not enough!” card. Well congrats now it’ll be nothing at all. Yup.
Worse than nothing going forward.
Talking about pulling cards after parroting the “Biden didn’t do anything” line for the hundred time rings a tad hollow.
When in quotations and starts with three (3) "but"s, it’s sarcasm.
Nobody missed that.
Then your response makes no sense, any way you read it. I have no interest in this “conversation” any more. Ciao.
You think what you said isn’t said every time Biden have done anything since the election started? So much for self awareness. Good bye i guess.
He should force price ceiling. Otherwise tiss a useless charity
It’s insane how conditioned people are on price fixing.
The US has used it many times to make necessary adjustments to society throughout our country’s history.
Rent caps were one of the most influential and positive policies of the New Deal.
It’s not an inherently bad policy.
If there is something inherently unethical like overcharging for a need (yes in our modern world being educated is a need to actually participate in society), then it is acceptable for the government to step in and draw the line.
Student debt should be totally canceled, college should be free, and the government should take a fraction of what was being extorted out of students by predatory loan companies and pay it directly to the schools. Let the unethical loan sharks fucking eat the loss for trying to run a racket. They shouldn’t have more power than the god damn government.
Same with housing, it’s a public secret that massive housing corps colluse using price fixing algorithms, it’s correct in this situation for the government to step in and force rent caps. Let the unethical slumlords eat the loss. They shouldn’t have more power than the god damn government.
I mean, he’s not. The vast majority of the loans being forgiven are ones that should have been forgiven anyways. Like ones where the people went into the public sector and paid their loans for 20+ years. These loans were supposed to be discharged. That was the arrangement these people signed up for. Bureaucracy essentially held them hostage.
Sorry, but I don’t give credit for finally agreeing to a broken promise and then treating it like it was done out of the kindness of their hearts. They should have been discharged years ago.
Op posted:
So it’s taking a law already in place, and just applying the law?
Win, I guess?
Do I really need to pull up the definitions of revising and expanding? No it’s not just applying, it’s revising and expanding.
No expansion, its applying what’s meant to be covered. If the law says 100 of 150 should be covered, and the law covered 15 out of 150, and is now covering the 100, it’s not an expansion, it’s doing what the law is said.
An expansion would ensure 101 or more.
revise /rĭ-vīz′/ intransitive verb
expand /ĭk-spănd′/ intransitive verb
Have a good day.
He “focused” on fuck-all because this is not an expansion! No expansion happened. The claim that anything was expanded is a LIE.
The debt always supposed to have been forgiven under policy that has existed for more than a decade. Biden did his job and nothing else. It’s only notable because his predecessor didn’t.
How much clearer do we have to make it? Why are you liberal apologists acting like MAGAs?
Because they are, why else did Harris court the right wing and drop support for BIPOC and Queer folks?
The person you’re arguing with treats lies as faits accomplis.
How? He’s just forgiving the shit he was supposed to forgive. He’s not revising and expanding with this new round of loan forgiveness.
So you’re ignoring the news article. Ok.
From the article:
These are all loans that were ALWAYS SUPPOSED TO HAVE BEEN FORGIVEN under existing law.
So hilarious that people are just down voting you without providing any evidence of new student loan action on Biden’s part. Libs will do anything to justify the status quo.
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You mean that?
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