Biden administration forgives $4.8 bln in student debt
reuters.com
"This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions," Biden said in a statement.
"This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions," Biden said in a statement.
Stop complaining about how old he is and look at his actions.
Or maybe vote for Trump so we can have Walmart Hitler. SMH.
I'm still gonna complain about how old he is. But I'm also not voting for Trump
Great, I also complain about not having a better representative for the Democrats.
But I'm still going to vote for Biden
And voting for Biden, right?
His age is irrelevant. He's been doing a great job. He's always talked slowly be cause his speach impediment, BTW.
If you want trump to lose, just keep your mouth shut, or better yet get in the bandwagon and be excited about Biden. It doesn't have to be real. You can fake it.
Holding your nose while you vote is a recipe for a trump win though.
LMAO
"But sleepy Joe didn't make my life better, so I'm going to make everyone else's life (and mine) worse!"
Those are in fact the only two options that can exist so analysis should only consider those two people
Biden has been doing a lot of good work. I wasn't a fan when he ordered the rail workers back to work but since then be has increased the cost of carbon in negotiations, canceled the debt he was able to without the Senate and proposed relaxing drug restrictions on cannabis.
He isn't perfect but it's more good news than I got through 2016-2020 and he's doing it while getting stonewalled on every decision by a Republican controlled Congress.
Also he kept fighting for the rail workers and got them sick time, just off camera.
Honestly I think that pisses the Privs off more because it objectively proved that there's options to get what's needed done aside from setting everything on fire and starting over
All parts played a role. It influences negotiations significantly when there’s a party in the corner idly flicking a lighter. Because of the implication
The rail workers got less than they wanted, and their goals were very reasonable
that doesn't come close to what the workers are owed, it wasn't the biden administration's place to insert itself im negotiations that NEEDED to result in a strike, for the good of the whole fucking country..
no, he sold out the rail workers and all they got was a fraction of the demands they they need met.
It is literally a responsibility of Congress to manage, by law. Biden helping is just him doing people a solid. Congress made the choice and you can't starve cities.
Whoever told you this lied to you.
well said. I'm sick to death of seeing excuses for fucking over rail workers, so it's refreshing to read a take that actually acknowledges it.
Could it be better? Yes.
Could it be worse? EASILY AND THANK GOD IT ISN'T
I'm not Biden's biggest fan, but the US has a shit political game that must be played for any meaningful progress to us, the citizens.
Ok now compare Bidens performance to a better democratic candidate instead of trump
I want to see this better democratic candidate running for president first.
"no one in the world can do what Biden can do"
-Very smart people
"id like to see them but I won't google it
-also very smart people
Biden is objectively worse than a hypothetical better democratic candidate.
What a stupid take. You’re saying that a real person that is actually doing fairly well in comparison to his opposition- is worse than an imaginary one?
No, I'm not saying that at all. That's not how hypotheticals work. If their hypothesis is that a better democratic candidate exists, then that candidate must be a better candidate than Biden. I do agree that your idea of an imaginary candidate is, indeed, stupid.
Ahh. I misunderstood your point then. Apologies. Carry on.
Real one's too
Hypothetically speaking, yes, of course! Real candidates that are better than Biden are ALSO better than Biden! We should actualize one or a few!
Realistically speaking real and better candidates are real and better
What part of confusing to you
Confusing to me? I'm not the one who made the impossibly vague claim. For that, you must seek answers within.
Great, now do the rest.
He already would have, if congress and SCOTUS weren’t fighting him every step of the way.
Exactly this. I still have the letter I received that my debt would be forgiven, as well as the letter after the GOP challenges that said oops, not really.
Oof. Sorry to hear that.
That's when you send them a handwritten, crayon-on-construction-paper letter that just says, "OOPS! NO TAKE BACKSIES!"
He could be giving daily speechs about it and jam up the airwaves. A never ending assault and shame tactic until they would have to give in.
Lol this is a joke right?
I don’t think they would have to. It’s getting harder and harder to shame Republicans. The Republican Party has also got decades of anti intellectualism on their side, plus the more recent attacks on higher education. They’ve spent years laying the groundwork for a fight just like this one.
A lot of people think that students deserve to be held responsible for legal loans they voluntarily accepted as adults. They don’t think it’s fair for college students to get a bailout when they themselves are struggling to pay their mortgage. I think student loan forgiveness is a sound investment in our country’s future, but unfortunately, it’s not my decision.
Remember, much of the Republican base is selfish, and has significant disdain for younger generations. This fight appeals to their ideas about personal responsibility (for others), justice (unless they’re asking us bend the rules in their own favor), cutting government spending (unless it’s on themselves), and the cruel satisfaction of hurting smartass liberal college brats.
They wouldn't.
They would never give in. That’s the problem.
Aside from Sinema, Manchin, and the Republicans, who else is against it?
In area I live, lots of farmers were definitely against it. Which is SOOOOOOOOOOO ironic. At least I think that's irony. Someone fact check me please.
It's not irony unless those farmers hold a lot of student loan debt. It's hypocrisy, because they're the most consistent recipients of welfare
Would definitely fit in a modern take on "Ironic" by Alanis Morisette tho.
Rural types have long resented university being a source of kids who stop coming home for Christmas,
To them it's less about the irony of taking funding while denying others and more about paranoia that affordable higher education will see rural American "culture" (read, child marriage, rape culture, and grievance culture over being judged when they say the N-Word) be wiped out in an instant as everyone takes the free ride and never comes back.
Then they might have to do something like be accommodating to the immigrant communities that actually want those rural jobs!
Got the first verse ready to go!
If it's not ironic, it's some good old fashioned hypocrisy
Well at least I could still write a song about irony.
Isn't that enough?
Just in time for election season!
Since no one wants to mention it, there’s still a genocide happening.
Biden administration spends 4.8 billion buying votes.
Politicians should always "buy votes" by acting in the interest of their constituents. The vote "buying" that should really concern you is called lobbying (see: citizens united), or in some cases outright bribery (see: Justice Thomas; also see: Trump literally selling pardons), or in some cases corruption to point of loss of life (see: the entire Iraq war and surrounding sweatheart contracting deals).
In summary: investing in the future by supporting education: good.Dismantling the EPA for short term political gain at the expense of multiple generations worth of irreparable harm: bad.
“Anything good is always posturing.” What a cynical, bat-shit crazy way of looking at anything.
Not to mention he has been going after student debt far before the scope of elections.
Then you should be voting for him, you backwards thinking dipshit 😂
Most of us don't understand the political system in the US, it's so outdated it's incredible.
But I had it explained to me quite simply - "Remember, most people there are terrible drivers, and all they know is D = forward and R = backwards
Applies to your politics too lol
If that's the only way we can actually improve people's lives I'm all on board choochoo mother fuckers
The previous administration spent over $2 trillion buying votes and still lost the election.
A college educated person can earn more than a million dollars more over their career than a high school educated person. Biden is bailing out the rich and the Dems love it.
I don't like engaging in negativity on lemmy, but you're an idiot. People with student loan debt aren't rich.
Statistics tell a different story. You refuse math, and think I'm an idiot. Enjoy your bullshit degree.
You don't seem to be aware of what 'statistics' are as you unsurprisingly haven't provided any in traditional ignorant-loudmouth fashion.
As if I need to. You are clearly a fucking idiot likely in debt over their head because you lack any common sense or self control. Enjoy your miserable existence.
A source would be appreciated
Are you saying that because a person could earn more than a million dollars more over their career than a high school educated person that they're rich? Or are you saying that a person who is college educated is already rich to start with?
Either way is confusing, so I'm hoping you'll clarify. Seems a lot like you're implying that a possibility is the same as having a million dollars in your bank account? Like just because I have lotto ticket I'm a millionaire even though the numbers haven't been drawn yet.
I'm saying it's statistically proven that a college educated person has a much higher earning potential than a person without higher education.
I'm not implying wealth before college at all. Therefore, if you support a government bail out of those people, you support the government bailing out the wealthy.
I’m trying to understand what you’re saying. Are you arguing equality vs equity? For example that any handouts or bailouts regardless of economic situations or conditions is the same?
How are you defining wealthy/rich vs poor? Would it be fair to say that that at a certain point an item costing $5 is more affordable for someone who makes 100k vs 30k? Generally / statistically speaking.
That would be a fair statement, and also makes a perfect example of why a college educated person, that makes more than a high school educated person, should be able to pay the money they owe.
Rich is an interesting way to put it. Bailing out the rich are tax cuts aimed overwhelmingly at the rich, not taxing capital gains and other ways the rich try to hide their true income and not auditing the rich because it is too much effort.
...and should also include forgiving debt of those that have potential to be higher earners. Student loans were readily accepted and it was fully understood that you would have to pay the money back. Just do that.
my wife and i earn a million dollars roughly every 6 years. After tax, rent and bills (we have no particularly lavish outgoings – non essentially include netflix, Spotify, sirius xm in our cars, we get a slightly more expensive cat litter than the cheapest... ), i.e. "net" earnings we earn a million dollars over 38 years. We have about that long left until retirement. So I think you're vastly underestimating how much it costs to live and work in a city.
"The cancellations have come through existing federal student loan forgiveness programs, which are limited to specific categories of borrowers, such as public-sector workers, people defrauded by for-profit colleges and borrowers who have paid for at least 20 years. " -CNN
These are not rich people.
These forgiveness programs weren't even created by Biden.
You're intentionally spreading false information.
I am not spreading false information, you just don't like the truth. These people are the next burden on the working class that actually pay their bills. Pathetic.
So you think people who were defrauded or are working public service jobs like teachers are rich people and not working class?
Also, who exactly was defrauded?
Students who attended colleges or universities that lost their accreditation and were shut down, making those degrees they handed out worthless and literally illegitimate. Those people, who had loans for degrees they couldn't use from defunct colleges were defrauded.
I think they make enough to pay their bills, sure. Teachers even have the summers off for side work. And to be honest, if they don't understand how loans work should they be teaching our kids?
You have the time to discuss news online at ~7:30am Eastern and the necessary computing tech (phone, laptop) to do so. It certainly sounds like you're better off than a lot of people -- are you also part of the rich? After all, you aren't doing manual labor nonstop from early in the morning for minimum wage.
I sure have. Started working 16 hours days in the summer months on the local farms custom baling hay and straw when I was 13. I have had many jobs since then, always bettering myself. I'm not rich, but I'm doing ok. I pay my taxes. I'm the callused hands of the working class that actually pays their bills and lives within their means. You?
How does lifetime earnings factor into someone who is still paying on their loans and far from the end of their life? What an idiotic correlation. 53% of US adults have a degree, yet the median income is $31k per year which is far from rich. I see you took those old ITT Tech commercials to heart.
Nothing like waiting until just before an election to actually make positive change smh
Are you aware this was not the first action of this type? Maybe read beyond the headline.
They can't, it's paywalled
Well, the $4.8 billion from the headline is in conflict with
That could be a clue it's not been the first and only action of its kind.
Or did I miss the sarcasm in your reply? 😅
Reuters is not paywalled lol
The article is 2 paragraphs long.
You are correct. Let me rephrase. Registerwalled
I am not registered with Reuters. I can read every Reuters article.
They are an independent news distributor, from whom major news networks pull reporting consistently.
Reuters is one of the best sites in the world if you just want facts as they exist
I'm not posting the screen shot, it sends me to a pop-up that reads, register for free to continue reading reuters.
Nothing I've said has refuted Reuters as a reputable news source, it's quite well known that it is.
I'm still not registering with a website to read its content occasionally.
What country are you in? Perhaps it's related to locality?
US
Man that's super weird. Idk dude. Got no answers for that one lol
It is weird. I can go to Reuters and search their site and read the articles but if its a linked article it gives me the registration pop-up.
Just before? Did it become October 2024 when I wasn't looking?
Right?
This is "just before an election" like Obama's Garland nomination.
Which reminds me: when is Mitch McConnell going to finally die?
Just before an election.
Fucker has 10 billion dollars for Israel but no dollars (not his plan that cancelled the debt) for Americans.
Typical.
Vote for Trump and see how many dollars you'll get...
Coming in 2025: Trump Bux! Use it at Trump universities, Trump airlines and Trump reformation centers!
And when a TrumpAir jet goes down, the families of the partners get the cleanup and aircraft replacement bills, since that plane never would have been in the air if not for them, so it's really their fault.
I'd expect that from a republican. That's why I don't vote for them.
They aren’t comparable and you’re a dumbass for thinking they are.