Student Loan Forgiveness: Supreme Court Rejects Biden’s Debt Forgiveness Plan
Student Loan Forgiveness: Supreme Court Rejects Biden’s Debt Forgiveness Plan
The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history and affects tens of millions of borrowers.
Of course they did. If you're rich, you get a bailout. If you're not, then fuck you.
The lesson here is don't let Republicans into power ever. Just 4 years of a pretty ineffective and incompetent Republican administration has still managed to set this country back decades and the damage is going to keep coming. And if you want to mitigate it, I can't promise Democratic majorities will do so efficiently or quickly because it really depends on which Democrats get picked in the primaries whether or not a hypothetical majority of them will be motivated to address stuff like this in a quick fashion. But I can promise you if we let Republicans hold onto any branch of government or regain all of them, then it definitely will not get addressed and in fact the next Republican administration will make this stuff look tame in comparison. We're in for a tough decade or two, time we will not get back, because of 2016. All we can do is make sure it doesn't happen again and try to make it so our kids aren't still mopping up this same mess when it's their turn.
I mean you’ve just described a system that will necessarily fail. If four years of tenuous republican control can bring us back 15 years and the dems having the largest supermajority since reconstruction got us a right wing health care bill I doubt the dens can bring us 16 years into the future. So inevitably we’re going to decline.
It’s time for a revolution, let’s stop pretending
Dude, between this and Roe v Wade, anti trans bills, really everything Millenials - Gen Z better vote like their lives depend on it every fucking year. It's really clear who the bad guys are.
This was to be expected like most other decisions that came out today but still disappointing nonetheless. Only serves to show just how much public confidence for the US surprise court as a viable institution has gone out the window due to how little surprise there is.
SCOTUS = dumpster fire
I just don't see how they found Missouri to have standing.
That’s the amazing part of this for me, the mental gymnastics to get here is pretty crazy
Ppp loans were completely forgiven. What a fucking joke - we can't have shit in America.
The lesson I get from this is that forward progressive movement is not be expected from government, it must be done via direct action. At best government (and by extension, voting) can blunt the regressive movement from other more extreme parts of itself.
tl;dr Vote to keep the fascists at bay, not expecting change.
I'm sooooo disappointed, but also sooooo not surprised.
Legally, Biden did have weak legal ground, but also legally then the decision shouldn't have been allowed because the states who sued had, with unanimous decision by the Supreme Court, no legal ground at all.
NPR reports that the Biden admin will have a response and plan announced soon.
My guess is they have had a few back up plans considering no one thought this would work.
Of course they did. They have to line their pockets with more money that they stand to gain from the loans after all.
Well, it's not like I was planning on having kids or buying a house anyway. Fuck it, maybe I just buy a van and spend the rest of my life making $5 payments on my loans and let my credit collapse as the interest piles up.