Biden administration forgives $39 billion in student debt for more than 800,000 borrowers
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cnbc.com
The Biden administration announced it would automatically cancel education debt for 804,000 borrowers, for a total of $39 billion in relief.
This seems to be on a much smaller scale than the initial plan, if I'm reading this correctly, and targets folks really in need. Mainly this seems to be targeting people who have decades old debt because they literally can't afford to pay back their loans - which seems totally fair. Many students took out loans with the promise from their peers and guardians that "college will be a worthwhile investment and you'll make your money back". That was obviously a lie for these borrowers as the price of tuition and stagnation of wages has guaranteed that promise is dead. This will ultimately be good for the economy and is an example of government working to help the people - so Republicans will hate it.
Announced. They can announce a lot of things they don't ultimately do because the executive isn't supposed to make laws and spend money they haven't been given by Congress.
Yeah this is true but this forces the opposition to be on record being like “no fuck you” and there’s an election coming up where the young vote is very critical
You likely don't remember the last time that happened, and when the next thing like this comes along you'll probably completely forget this time. And by the next time, youll definitely have forgotten this time. Politicians rely on abusing this fact. Its how they continue to stay in power.
Yeah that’s pretty fair
Besides the fact that Republicans weaponize hypocrisy while Democrats try avoid it...
So no, both sides remember. One side just pretends like they forget lmfao.