Biden to announce $9 billion more in student debt relief

U.S. President Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said.

Biden has said he will pursue new measures to provide student loan relief to Americans after the Supreme Court blocked his plan to cancel hundreds of billions of dollars in debt.

The president’s announcement, planned for 1 p.m. EDT at the White House, will bring the total approved debt cancellation by the Biden administration to $127 billion for nearly 3.6 million Americans, the White House said.

buzz86us,

What a monster lol

boatsnhos931,

Finally a bailout that is for the people! You da man Biden!! Yeeyee!!

uis,
@uis@lemmy.world avatar

At least not bailing out some huge corpos that short-term themselves to bankruptcy.

JokeDeity,

The world’s on fire.

30mag,

an additional $9 billion in student debt relief for 125,000 borrowers

$72,000 each

PenguinJuice,

Just cap the interest rate, my man. That would solve the entire problem.

reverendsteveii,

Just cap the interest rate

at zero. If the loan is risk free it shouldn’t be profitable, to do anything else is to funnel public money into the banks.

SCB,

At 0% interest, no bank would offer loans, because it would literally just be them losing money managing loans they make nothing from.

jadegear,

Zero percent and govt covers operating costs with a stipend per loan. Granted figuring out the rate to pay would be a task, and keeping that from being a gouge itself… but better than passing it along to borrowers.

SCB,

Yeah if you give them a way to turn some sort of profit I think this idea could have some legs. Even something small like OP costs plus a flat thousand or so per loan processed could still keep the game running.

Loan values would still keep going up, but the price would be much more understandable to those taking them out.

hydrospanner,

IMHO, college tuition and student loans should be handled the way that the healthcare marketplace of the ACA should’ve been handled: less carrot, more stick.

To the banks/insurance companies:

“If you want to continue to do business with the American public, you must offer competitively priced insurance packages/low or zero interest loans for education on a government run portal. If you don’t serve the public in this way, you’ll be prohibited from accessing the American people as a market for your for-profit business.”

Honestly, the American Consumer Is the greatest driver of global economic growth and domestic economic stability in the world, and the American government’s single most valuable economic asset. That the government chooses, through its policy decisions to exploit and abuse this asset rather than protect it, grow it, and prosper alongside it speaks to who’s really calling the shots.

Sure, it would piss off the hard-line “free market” advocates, but small businesses pay taxes at a level that impacts their profitability in a way that larger corporations simply don’t. I feel it’s more than fair to level that playing field by some small degree by locking access to the American consumer behind the condition of having to contribute to the betterment of that market.

J12,

Definitely a good start until we can get education costs under control.

SCB,

That requires legislation and we do not currently have a House that can even consider legislation

krakenx,

Biden had a really good plan. Zero interest as long as you pay at least something, and the payment being as low as $1 with a sliding scale based on income.

It’s more fair than just forgiveness to people without loans since the debt isn’t eliminated. I’m personally fine with eliminating the debt to have a more educated society, but a lot of people aren’t, and that’s a good middle ground.

RaoulDook,

$9 billion for 125k borrowers is $72000 per borrower

Would be nice if they would vanish the 40k in loans I have that I’ve been paying on since the Obama years. I’ve paid in far beyond the total amount I ever borrowed, while the compound interest just added it all back over the years. Progress has been very slow for me to pay that off, started payments with about 50k loans, after being ballooned up from the original principal from several years of economic hardship forbearance where the interest still gets capitalized.

mpa92643,

You should look into the Income Driven Repayment plan: studentaid.gov/idr/

It’s one of the new major programs from the Department of Education and can help a lot with reducing repayments while eventually being eligible for full forgiveness.

RaoulDook,

That’s nice for those who it can help, but I don’t really need help making the payments. I’m just fed up with having to pay them at all since I’ve already paid back much more than I ever borrowed.

medgremlin,

Biden’s new SAVE plan is set up so that any interest not covered by your IDR payment is not capitalized. It would probably also be worth your while to look into the forgiveness plans and terms because you might be able to reduce how much you owe based on previous payments.

HurlingDurling,

I filled out the application and both the payment and interest doubled for me, not sure where is the benefit here. Hell, maybe I lucked out with my 30 year loan

jeffw,

According to a White House fact sheet, the new measures include:

  • $5.2 billion in additional debt relief for 53,000 borrowers under Public Service Loan Forgiveness programs
  • nearly $2.8 billion in new debt relief for nearly 51,000 borrowers through fixes to “income-driven repayment,” which the White House says are borrowers who made 20 years or more of payments "but never got the relief they were entitled to."
  • And $1.2 billion for nearly 22,000 borrowers who have a disability who have been identified and approved for discharge through a data match with the Social Security Administration.
June,

This is what I was curious about. Thank you.

Glowstick,

In 2020 I voted against Trump, in 2024 I’m voting for Biden.

nocturne213,

Is there someone better running for a change?

muntedcrocodile,
@muntedcrocodile@lemmy.world avatar

We need Bernard Sanders.

krey,

deleted_by_author

    •
    JustZ,

    Bernie will never run for president as an independent. He has spoken and written at length about it.

    nocturne213,

    Independent is actually a political party in the United States. When he ran for President previously he ran as a Democrat.

    goldenlocks,

    We can do better. Dr. Cornel West gets my vote.

    blindbunny,

    Richard Wolff gets mine.

    goldenlocks,

    I’d happily vote for Dr. Wolff.

    blindbunny,

    As I’d happily vote Dr. Cornel West, comrade.

    jeffw,

    People who say this are so fuckin bougie. Poor people can’t afford to throw away their votes, but middle class people fuck over the poor by doing so all the time.

    commie,

    it’s condescending to tell poor people who they can afford to vote for

    jeffw,

    Oh wow, an insult from Lenny’s biggest troll. All done making excuses for climate change, I guess?

    commie,

    I didn’t insult you, I gave you etiquette pointers. calling me a troll doesn’t change whether you’re being condescending.

    jeffw,

    Condescending pointers from Lemmy’s biggest troll.

    Sorry. Is that better? Enjoy ruining the planet

    commie,

    All done making excuses for climate change, I guess?

    I’ve never done that.

    jeffw,

    Bud, it’s been less than 24 hours since you blew up the thread with climate change aplogism for the industry that contributes more to climate change than any other on the planet lol

    commie,

    you blew up the thread with climate change aplogism

    that’s a lie

    goldenlocks,

    Poor people don’t really vote in the first place. And when they do they vote for rich people like those in the Democratic or Republican party.

    jeffw,

    Good way to agree that you’re an entitled dude lol. I know people who vote because their life depends on the GOP not further dismantling the welfare state

    goldenlocks,

    Yet they continue to fail to defend it. They would be forced to if there was a strong left party using their leverage against the Dems.

    jeffw,

    lol you’re so divorced from reality, it’s kinda sad. Rich people without empathy sicken me

    goldenlocks,

    LMAO if I was rich I wouldn’t be involved in third party politics trying to force concession from the major two parties to alleviate poverty. Dems never gave a single fuck about poverty, and wealth inequality keeps getting worse when they’re in office.

    jeffw,

    Rich enough to be divorced from the reality of poverty and not understand the existential threat of the GOP. My god, people just straight up die in states without the Obamacare expansion.

    goldenlocks,

    Once again I’m not rich, and I know the GOP well enough to know they infiltrated the Democratic party.

    jeffw,

    You’re hilarious

    goldenlocks,

    Says the person that thinks poor people shouldn’t organize as communists. You liberals failed them.

    TropicalDingdong,

    You aren’t actually serious right?

    Cornell has bumbled his micro campaign into irrelevance within weeks of it starting. He’s shown no political savvy. He has run for and won no prior office. He’d be a disaster.

    Fetterman, or literally any progressive who has won a federal election is a better option.

    goldenlocks,

    Not true at all, still polling at 5% and will get at least that in the general.

    Not surprised someone who thinks a walking corpse like Fetterman is a better option would be so ignorant.

    Kcs8v6,

    Damn man, he didn’t say you were stupid, he just said he disagreed with you. Don’t need to sling mud for a different opinion.

    goldenlocks,

    He did insult someone who has likely accomplished 1000x more with his life, Dr. West. So no, I’m not the one slinging mud here.

    assassin_aragorn,

    Someone saying a public figure with little experience in politics is doing poorly at their third party run is not mudslinging.

    This is one of the many reasons that third parties aren’t taken seriously. If party members clutch their pearls at critical observations of their candidate, they don’t stand a chance in hell.

    Besides, Greens are anti science sensationalists. Or have they admitted fault yet on being anti nuclear, anti GMO, ambivalent on vaccines, and entertaining pseudoscience like wifi causing cancer? I don’t need Republican lite, grifting populists.

    goldenlocks, (edited )

    Except he does have political experience and had been involved in many campaigns. You just won’t bother to learn or even read his campaign website.

    The greens change like any other party depending on leadership. Go read their website and see that you’re mistaken on those views. Many have changed over time since I first read them over ten years ago.

    assassin_aragorn,

    C.1. “The Green Party recognizes that there is no such thing as nuclear waste “disposal.” All six of the “low-level” nuclear waste dumps in the United States have leaked. There are no technological quick fixes that can effectively isolate nuclear waste from the biosphere for the duration of its hazardous life. Therefore, it is essential that generation of additional nuclear wastes be stopped.”

    This is completely and utterly incorrect:

    en.m.wikipedia.org/wiki/Breeder_reactor#:~:text=W….

    We have had a technology since the 60s that can reprocess nuclear waste back into fuel. The screeching and fear mongering of anti science sensationalists has been a roadblock in developing these on large scale. The policy of the Green Party fucking literally leads to more nuclear waste than we would have otherwise.

    That alone is enough for me to view the Green Party as a bunch of anti science idiots standing in the way of actual progress. But wait, there’s more!

    “The Green Party supports a wide range of health care services, including conventional medicine, as well as the teaching, funding and practice of complementary, integrative and licensed alternative health care approaches.”

    Fucking lmao. What a fucking joke.

    These are the issues I brought up, and the platform on them only confirms to me that Greens should be voted against at every opportunity. It’s a blessing that they’re usually as ineffective as they are impotent.

    So hey, thanks for sharing their website and platform. You’ve convinced me that they’re every bit as insane as I thought, and unless they make significant changes, I need to vote against them at every opportunity.

    goldenlocks,

    I have good news for you then:

    https://www.cornelwest2024.com/

    Dr. West announced he is running independent so go check out his website.

    Once again, the Green party, like all parties, change with the leadership.

    I disagree on those issues and will be supporting the green whenever possible as they are the lesser evil to the Democrats and Republicans.

    TropicalDingdong,

    He did insult someone who has likely accomplished 1000x more with his life, Dr. West.

    Bro Dr. Wests students don’t even want Dr. West to run.

    West is being played the fool right now, and you along for the ride.

    goldenlocks,

    Fake as fuck. Ben Dixon is a Democrat grifter you’re the one being fooled here.

    TropicalDingdong,

    Aight you just a troll.

    👍

    goldenlocks,

    You’re the troll posting an hour podcast like anyone gave a fuck.

    TropicalDingdong,

    Bruh 😎 it’s literally people who have a direct personal relationship with West and who have been some of his most outspoken supporters showing how much of a damn fool West is for this campaign.

    Bro you one dumb buggah. You should just keep your 👄 shut.

    goldenlocks,

    Their argument is all that they would steal votes from Dems, which is a lie.

    TropicalDingdong, (edited )

    https://lemmy.world/pictrs/image/aca32be2-07af-448b-b67d-8fab489cd23c.webm

    goldenlocks,

    I’m not a submissive cuck like you are, so no.

    TropicalDingdong, (edited )

    https://lemmy.world/pictrs/image/aca32be2-07af-448b-b67d-8fab489cd23c.webm

    goldenlocks,

    Ironic from the right wing Democratic party supporter

    TropicalDingdong, (edited )

    https://lemmy.world/pictrs/image/aca32be2-07af-448b-b67d-8fab489cd23c.webm

    goldenlocks,

    Neoliberal privatization of war torn Ukraine is that way -> https://privatization.gov.ua/en/

    TropicalDingdong,

    https://lemmy.world/pictrs/image/34985b60-9148-4940-a581-0d27f851dfba.webm

    goldenlocks,

    Be a good Democrat and buy up some Ukrainian state property while the price is low

    TropicalDingdong, (edited )

    https://lemmy.world/pictrs/image/aca32be2-07af-448b-b67d-8fab489cd23c.webm

    goldenlocks,

    You have no explanation for neoliberal ravaging of the Ukrainian state? Big surprise.

    TropicalDingdong,

    https://lemmy.world/pictrs/image/aca32be2-07af-448b-b67d-8fab489cd23c.webm

    assassin_aragorn, (edited )

    thinks a walking corpse like Fetterman

    Folks, I give to you the anti reality views of the Green Party in real time!

    goldenlocks,

    enbys

    Wow. First time I’ve seen anti gay rhetoric on Lemmy

    assassin_aragorn,

    Nonbinary people refer to themselves as Enby (N.B.).

    goldenlocks,

    So you’re against nonbinary people? Wow. That explains a lot of your conservative positions.

    assassin_aragorn,

    Enby is essentially an equivalent to boys/girls, and some nonbinary people like the term while others do not. I hadn’t realized there was mild controversy on it, I was just using it because I wanted to be inclusive and memeing but not formal. Since there isn’t a consensus and some people dislike it, I’ll go back and edit my comment.

    I suspect you don’t actually care about any of this since you’ve unironically used “submissive cuck” as an insult, but it’s good information for anyone else who ends up reading this comment chain.

    goldenlocks,

    You’ve got some real thinking to do. Nonbinary people aren’t hurting you or anyone. I don’t care what people want to call themselves.

    NotBillMurray,

    Dude, if Fetterman ran I’d vote for him in an instant. Doubly so if he took the oath of office in shorts and a hoodie

    phillaholic,

    You shouldn’t, He just entered federal Politics. He needs experience and more importantly he needs to be stabilize his Health before he would even dream of going to the next level.

    TropicalDingdong,

    He just won his election against a TV host bullshit artist.

    He’s playing the game excellently. He’d be a great candidate.

    phillaholic,

    He just needs more experience. He didn’t debate well either. Oz was just such a dumb candidate.

    TropicalDingdong,

    Agree to disagree. I think he’d do fine. He’ll debate better than Biden. He’s got a record of victory against big names.

    Thats plenty. We could have elected a boot in 2020 to oust Trump. We basically elected weekend at bernies Biden. But its fine. Whatever it takes.

    And honestly, I’d be shocked if there are even debates. If Trump doesn’t’ show up for primary debates, he doesn’t deserve the privileged and airtime that general debates would offer.

    phillaholic,

    That’s reasonable. I’m not saying I wouldn’t vote for him. I prefer politicians that know how to play the game and will be strategic over giving idealistic speeches that sound great but never go anywhere.

    Personally I don’t care about Biden’s age. He’s perfectly fine. If not Harris is there for a reason. We are moving forward. Fetterman has the same mindset actually: businessinsider.com/john-fetterman-never-understa…

    TropicalDingdong,

    It’s pretty clear to me the way the DNC has been buying airtime for Newsom that Biden won’t actually be on the ticket in 2024. They’re pulling a bait and switch and we’re in the bait phase.

    I’m promoting Fetterman because I want a real progressive option instead of a force fed Newsom. And as far as playing the game, it is a game of idealistic speeches and sound bytes. It doesn’t matter how Machiavellian you are if you can’t win Iowa, New Hampshire, and Pennsylvania. Fetterman can deliver those states.

    I’m all for staying with Biden for the moment. But the second he starts to waiver, in dropping what I’m doing and joining the Fetterman campaign. Newsom will lose if he runs against Trump.

    phillaholic,

    I don’t see Biden stepping aside, but I also don’t see more people voting for Trump in 2024 than they did in 2020 with all these court cases. Regardless we will have primaries next spring to figure it out.

    Also: www.nbcnews.com/news/amp/rcna103907

    TropicalDingdong,

    Regardless we will have primaries next spring to figure it out.

    I hope you are correct on all fronts.

    commie,

    I’m voting for cornel west because I like what he says, not what people say about him. but the people talking shit on him cement my belief he’s the right guy.

    TropicalDingdong,

    This some ignorant ass shit, but I’m not worried.

    You don’t really strike me as the “actually votes” type.

    commie,

    I live in a swing state. you can buy my vote for $20,000

    TropicalDingdong,

    Bruh why I gotta pay you when I already know you wont get off your ass to do shit.

    commie,

    if you don’t want it, don’t buy it.

    ImFresh3x,

    We need the house and the senate with a comfortable majority. Sanders as president without those critical conditions being met would make little difference.

    Wrench,

    Yes, we need someone even older to stave off the most common complaint about Biden running for reelection

    jadegear,

    Is the complaint legitimate? Especially hard to make the case for Sanders considering how much of a firebrand he is. Not going to get Sleepy Joe memes out of that.

    Fedizen,

    we need bernard sanders brain inside a younger person. Matt Gaetz isn’t using his? maybe some kind of transplant or brain swap device is in order.

    lemmerguy,

    Iam not from US even I agree this

    RaoulDook,

    There always has been but people are afraid to vote 3rd party because of the oligarchy’s brainwashing

    knobbysideup,

    It’s not fear. Third parties simply do not work with our system. If you want third parties to succeed, then we need to

    • Get rid of the electoral college
    • Ranked Choice Voting everywhere
    goldenlocks,
    • Vote for them
    Olgratin_Magmatoe,

    Ideally star or approval instead of ranked, but honestly anything is better than the current shit show.

    player2,

    It’s not brainwashing when the voting system is specifically set up to give an advantage to the dominant parties and to suppress every minority party. There are valid reasons to be skeptical that a 3rd party could ever win without a reformed voting system.

    RaoulDook,

    They also can’t win if everybody says “don’t vote for them because they can’t win” so I will carry on voting for them and spreading the word that we all should.

    krey,

    That’s not entirely wrong, but it would be very dangerous for left and centrist voters to not vote democrat now, because democracy has never been more at stake. You can safely start voting for third parties, when the right is weak or not interested in destruction of democracy

    plutus,

    You’d be a lot better off voting for majority party candidates that want to enact ranked-choice voting.

    Until that happens, unfortunately the reality is that third parties are going to remain on the margins in the US.

    AlDente,

    Political parties never change in the US. That’s why I’m still voting for the Whig party.

    assassin_aragorn,

    And it’s always settled to two major parties, in spite of that. The fact that we’ve had several parties over the country’s history but it almost always comes down to two major parties should tell you something.

    Fortunately, there may be an opening soon, with Republicans in disarray.

    phillaholic,

    They can’t win because they don’t even play the game correctly. You can’t just get up and give grand speeches about radically different ideas, with little to no strategy or evidence to back it up and expect to jump into literally the most powerful job in the world. It’s utter nonsense. Unless you’re a Billionaire that wants to buy your way in.

    assassin_aragorn,

    You can tell none of the third parties are serious because all their attention goes to the presidency.

    They have no consideration for what would happen if they actually won. No representatives in the House, no senators, no state governors even. They’d be lame ducks the instant they were sworn in.

    They should be targeting Congressional seats and state governorships. Instead, they’re just grifting money.

    commie,

    They’d be lame ducks the instant they were sworn in.

    Congress spent the last century concentrating power in the executive. I think you’d be surprised what a motivated individual could accomplish.

    assassin_aragorn,

    You’re underestimating Congress. It still plays a lot of roles, especially the Senate. It just isn’t obvious because the president’s party typically has control at the beginning of their terms.

    This would probably work for Greens except that they don’t have people running for those positions.

    commie,

    what’s the senate going to do? remove them? not if the senators are jailed on corruption and war crime charges.

    assassin_aragorn,

    You are aware that the Senate must confirm all cabinet positions, right?

    commie,

    the senate is supposed to, but both there is already a precedent for acting secretaries

    assassin_aragorn,

    They might be able to get around it with acting secretaries, fair enough

    commie,

    you vote for me, i make you chief of staff.

    nocturne213,

    In 2016 I voted for Gary Johnson because I thought there was really no way anyone would vote for the other two.

    AlDente,

    And Jo Jorgensen in 2020!

    phillaholic,

    Gary Johnson is a fool who didn’t even act like he was seriously running for President. It looked like he drew the short straw.

    nocturne213,

    Still a better choice than what we have today.

    phillaholic,

    I have no idea what elements of libertarianism you like, nor why a ex-Republican for that roll in your mind, but he would have been a bad Republican, but not Trump. He had no chance so it really didn’t matter

    Ghostalmedia,
    @Ghostalmedia@lemmy.world avatar

    Things I wrote in a GE sociology paper

    RaoulDook,

    https://lemmy.world/pictrs/image/eceef2ab-6e8f-4c24-83a7-69b23ec9ab06.png

    goldenlocks,

    Amen. Proud to support Dr. Cornel West and the Green party in 2024!

    These people are really brainwashed, either that or it’s DNC bots downvoting you

    OctopusKurwa,

    After reading your post history, the only potential bot here is you Boris.

    goldenlocks,

    You think I’m Boris Johnson? Mate how did you know

    commie,

    your russophobia is disgusting

    OctopusKurwa,

    So is every Russian who supports Putin.

    I couldn’t give a fuck what you and all the rest of the lads at the troll farm think.

    afraid_of_zombies,

    🥔

    agent_flounder,
    @agent_flounder@lemmy.one avatar

    It’s not that simple. Several factors come into play.

    The biggest systemic issues are the first past the post voting system and the electoral college (for president).

    People who have even a simplistic understanding of how the system works and the track record for third parties know the odds are low. Those who are pragmatic will vote for Dem or Rep. In the current polarized political climate people are less likely to take a chance with a third party vote.

    Also, the press mostly ignores candidates of other parties. So they aren’t as well known and thus can’t get popular enough to get traction.

    If you really want more parties to have a chance, push for alternate voting systems like ranked choice, cumulative, etc.

    This chart from fairvote.org compares a number of different systems based on their research.

    ImFresh3x,

    Simple Math = brainwashing

    FPTP makes 3rd parties counterproductive.

    ininewcrow,
    @ininewcrow@lemmy.ca avatar

    How about just anyone under the age of 60

    Between 40 and 50 would be ideal.

    jeffw,

    I actually think 50-60 would be ideal. Obama, in his mid-40s, was a relative political newcomer in 2008 (compared to other candidates, at least, not like Trump-style) and he made many missteps as a result. The ACA, for example, could have been far more broad. They didn’t need massive moderate support.

    Of course, some people enter politics pretty young. By the time Maxwell Frost hits 45, for example, he might have 20 years in federal politics. It’s rare that we find people with so much experience at that age though.

    assassin_aragorn,

    I think the level of Republican stonewalling was historic for Obama, so to some degree it would’ve happened anyway, but I think he would’ve wisened up faster if he had more experience. It’s a double edged sword.

    SCB,

    The ACA, for example, could have been far more broad. They didn’t need massive moderate support.

    The ACA passed by one vote after they stripped it down to make it more appealing.

    On December 23, the Senate voted 60–39 to end debate on the bill: a cloture vote to end the filibuster.[182] The bill then passed, also 60–39, on December 24, 2009, with all Democrats and two independents voting for it, and all Republicans against (except Jim Bunning, who did not vote).[

    thallamabond,

    The aca was much more broad, it initially included a single player option, but that was excluded by Joe Lieberman.

    He threatened to kill the whole thing if single payer was included.

    Lieberman then quit the Democratic party and now he’s founding chairman of No Labels

    krakenx,

    Lieberman was also why Gore lost in 2000 since he was running as VP and was rotten back then too.

    thallamabond,

    I forgot Lieberman was his running mate.

    Don’t forget about the Brooks Brothers Riot also, Roger Stone and eerily similar circumstances to January 6.

    en.m.wikipedia.org/wiki/Brooks_Brothers_riot

    uis,
    @uis@lemmy.world avatar

    In 2000 Putin was between 40 and 50. Depends on what is ideal for you. Between 18 and 30 would be ideal.

    I_Fart_Glitter,

    I don’t think an 18 year old president is a good idea. Bold of me to say, I know.

    Also, I don’t think Putin’s age was the problem when he took office the first time… it was that he is Putin.

    Fredselfish,
    @Fredselfish@lemmy.world avatar

    I was approved for relief but thanks to fucking Supreme Court and weak as Biden I am forced to pay student loans. Fuck him. He should of canceled all the debt.

    Ducks,
    @Ducks@lemmy.world avatar

    This might be the worst part of student loans. You take out all this debt, you get this degree, and yet you still come out ignorant as hell about how the US system of government works. You don’t even know who to be mad at, so you blame Biden.

    TransplantedSconie,

    psssst

    ᵗʰᵉʸ ⁿᵉᵛᵉʳ ᵍʳᵃᵈᵘᵃᵗᵉᵈ

    commie,

    Biden made student loans undischargeable even in bankruptcy

    Ducks,
    @Ducks@lemmy.world avatar

    Source? I didn’t see that. Unless you mean in 1976? Or 2005? Both of which is way before all the work he has been doing now, and was passed by the house and senate at the time and signed by the presidents. Not just Biden.

    commie,

    theguardian.com/…/joe-biden-student-loan-debt-200…

    Ducks,
    @Ducks@lemmy.world avatar

    That’s 2005 buddy, I’d say he’s been hard at work trying to fix his mistakes.

    commie,

    I’d say he didn’t do enough yet.

    Ducks,
    @Ducks@lemmy.world avatar

    Which brings me back to my first point. It’s a shame everybody has taken out these loans for an education and don’t know anything about how our political system works.

    commie,

    your insults don’t change my opinion of democrats

    Ducks,
    @Ducks@lemmy.world avatar

    Republicans are the ones who sponsored and overwhelmingly supported the bill to extend non dischargeable student loan debt. The conservative court is the one who struck down Biden’s loan forgiveness. The GOP in the house are the ones refusing to include debt relief in funding bills. Nice to know you’re not only ignorant, but you’re proud of it. So this isn’t worth my time anymore.

    commie,

    more insults and a paragraph of nonsequitur and spurious accusations.

    MrPoopbutt,

    And how is it Bidens fault the supreme court is corrupt?

    commie,

    Biden made student loans undischargeable even in bankruptcy

    ImFresh3x,

    How is it the result of “weak” Biden? How does a “stronger” president overrule the Supreme Court?

    Fredselfish,
    @Fredselfish@lemmy.world avatar

    He could’ve issued executive order to cancel all student debt. He didn’t he sat on his hands and shurg said fuck you to millions of young people and allow the corrupt Supreme Court overule him.

    phillaholic,

    He could’ve issued executive order to cancel all student debt

    This isn’t universally true, and he’s said as much in many statements. Unlike the last administration, he’s having his lawyers review what can and can’t be done knowing that the courts are going to challenge everything he does and given their current slant won’t be kind to anything he does.

    sc.edu/uofsc/posts/2023/…/conversation_loans.php

    politifact.com/…/can-student-loan-debt-be-cancele…

    TheAndrewBrown,

    Also, aren’t executive orders still subject to Supreme Court rulings? What would stop them from just overruling it again?

    phillaholic,

    Nothing would stop them. He’s an experienced Politician that’s not giving up. He doesn’t get enough credit where it’s due.

    whofearsthenight,

    This is democrats since I’ve been alive. Reagan and Bush create wars and economic disasters, Clinton turns it around. Repeat for Bush Jr and then Obama who had to turn us around from the financial crisis beta. Trump comes in, completely mismanages a pandemic even though there was a literal playbook left for him, tanks the economy, and now Biden has to get it back on track and by objective measures is doing so. And then we have the continued pain points of things like high grocery prices that we’re all still really feeling that are again the result of Trump’s disastrous handling of the pandemic which basically gave these people an excuse to jack prices up as high as they wanted. Note how very few things have rebounded to pre-pandemic, and corp profits are at an all time high.

    There is legitimately not an economic argument to be made for republicans unless you’re a billionaire.

    phillaholic,

    Not to mention intentionally creating legislation that falls apart financially after they assume a Democrat will come into power that they can immediately blame.

    dangblingus,

    Executive orders aren’t “I get to be a dictator today!” edicts.

    ryathal,

    See Andrew Jackson.

    dangblingus,

    Who was objectively a terrible president.

    PhlubbaDubba,

    He did that because the supreme court told him not to genocide indigenous folks

    You’re saying Biden should invoke more “genocide the indigenous folks” precedents?

    dangblingus,

    Terrible take. Biden was poised to cancel student loan debt, and the Supreme Court said no. You know how the branches of government work, right?

    toxicbubble,

    cool, how about a living wage tho

    Mudface,

    deleted_by_author

    •
    thefartographer,

    Choo choo!!! It’s a gravy train! Cuz gravy will be the most fancy thing you’ll ever be able to afford again.

    Sharkwellington,

    We are talking about a living wage. As in, working a job gives you enough money to survive. Are things really that fucked up that people making enough to live off of would wreck the economy? Let it burn, then.

    thefartographer,

    I think the person I replied to edited their comment. I could have sworn they said something about a train. Good God my reply makes me look like a monster…

    Enigma,

    That’s not his job, that’s congress’s job. He can propose a bill, but wtf is the point when the house doesn’t even have a speaker and the current majority hasn’t brought a single bill to the floor for a vote.

    cosmic_slate,
    @cosmic_slate@dmv.social avatar

    Unfortunately, Congress is the blocker. Biden can’t unilaterally declare a national minimum wage.

    The Biden administration can’t do much but they did institute a $15 min wage for federal contractors, one of very few tools available.

    Considering how far spread the federal contractors are, I’m guessing this might give some wage competition to rural areas with the limited employers who aren’t govt/fed contracting.

    PhlubbaDubba,

    You can tell these complaints are straight outta Beijing and Moscow because they literally cannot comprehend that the state leader can’t just do shit unilaterally

    MetalJewSolid,

    I just wonder why Lemmy of all places.

    PhlubbaDubba,

    Large number of instances run by tankies. Lemmy basically became “left”-wing voat in a few of the less entry level instances.

    MetalJewSolid,

    I always try to forget tankies exist. Makes sense, sadly.

    pimento64,

    I got fined by the city for violating the ordinance against having my trash bin sitting in the street. THANKS SLEEPY JOE!

    —You

    In case you weren’t aware, the President isn’t allowed to draft and ratify his own legislation.

    Ghostalmedia,
    @Ghostalmedia@lemmy.world avatar

    Fight to put a solid majority of Dems in Congress, and you’ll get that. President can’t constitutionally do that.

    BombOmOm,
    @BombOmOm@lemmy.world avatar

    The standard debt relief stuff that every administration does as it is required by law, but doesn’t bluster about. For example, one cannot just choose to not pay public service benefits as that is part of the deal those workers signed up for.

    Ranvier,

    No, the Trump administration repeatedly blocked loan forgiveness that was already in law. Betsy Devos had to be brought to court multiple times and sometimes ignored court orders to pay for years. I wouldn’t trust a republican administration to even live up to the bare minimum of what’s required by law.

    In addition to not fighting loan forgiveness laws already existing, the Biden administration has also broadened existing forgiveness rules to apply to more people people. They’re also crafting a new rule to again try to do what the supreme court blocked in broader forgiveness under a different law that also grants the executive branch power to modify loans to try and get around the ruling.

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