Taxpayers spent over $1 Trillion on the PPP program, of which, $200 billion is thought to be fraudulent. Another case of only corporations get socialism in the US.
Thats quite a precedent. The president doesnt have discretion about his own department of education. Thats a complete undermining of the entire executive branch if its no longer able to make decisions about the executive branch.
Well... I'm not surprised. Disappointed, but not surprised. We all knew this Supreme Court was not in favour of its citizens. The Supreme Court should have been stacked long ago. Leaving it be with its insane appointments just because stacking it might start a war with the GOP was a short sighted move, as the GOP is always going to play underhanded (that's how they managed to get so many SCOTUS appointments in the first place). Biden's insistence on trying to play nice with the GOP has always been his weakness.
This really sucks for those with student loans who were depending on this. We're already in an economically rough place for the kinds of folks who would have student loans. Inflation has been sharp in recent years and wages have not kept up. In my field of tech, layoffs have been widespread and new grads would be the most severely impacted (they already struggle to get hired and now they're competing against an increased number of experienced people).
As an aside, it's also a shame that lawmakers have not managed to pass a law for this debt relief. My understanding is that the strike down is specifically because it's not a congress passed loan forgiveness. But congress isn't willing to do the right thing (not in enough numbers to pass a law, anyway).
I voted for Bernie in the primaries in 2016, then for Hillary when Bernie lost the primary. If Hillary was president when we replaced 3 Supreme Court justices, we would still have choice for abortion and student loan forgiveness.
Don't vote for Republicans, they don't care about women's rights, minorities, LGBTQ rights, worker rights, non Christians, and our democracy.
The likelihood of recession this fall/winter all but confirmed now. Get ready for defaults, defaults, defaults.
Looks like default is off the table until the election, but there is going to be a serious decline in optional spending. Get ready for more "Why is Millenials/Gen Z killing X industry?
How in the unearthly flying fuck did the 6 Republican state governors have standing to sue on behalf of a private company that did NOT have the right to sue and had NO demonstrable harm?
Completely vacuous institution, the SCOTUS. They just make shit up at this point.
If the problem is that higher education is not affordable, a one-time debt forgiveness does not solve the problem, and it seems a lot like, "I got mine," then pulling the ladder up. I'd much rather we make higher education free for everyone like they do in Germany, permanently solving the problem by making higher education accessible to every American.
I'm not surprised they struck it down, but I guess the jaded side of me is surprised they allowed him a different avenue to do the relief instead of making the whole concept illegal.
Also, there was talk from the Republicans about try to force everyone to pay back the interest we would have been paying this entire time. Somewhat surprised they didn't agree to that as well.
When you start feeling hopeless about student loans not being forgiven, remember that PPP loans were all forgiven. PPP loans taken out by businesses and corporations. Domination is the point with all of the subhuman unwashed anuses leading this country. Never forget how they line their own pockets at our expense, and fight against us at every turn with the courts and all three branches of government. All of it has been weaponized against us and no longer serves us in any capacity.
Biden suspected this would happen, hence why he was previously doing student loan forgiveness in smaller increments. But people kept pushing him to do the entire thing and claiming that he was actively against students because he wasn't. No, he knew this happening was a high possibility.
And this case sets much bigger precedents than the specific subject, precedents in two areas.
The specific claim that the Secretary was "transforming" the law rather than tweaking things is asinine, especially since the HEROES Act was incredibly vague in the first place. So this sets precedent that any usage of a law outside of explicitly what it says (difficult to even determine when a bill is so vague) gives leverage to reverse any executive action in enacting the law. Which will just allow massive conservative obstructionism even more on everything.
The entire case having standing as it is. Why do 6 states have standing to sue on something done in regards to federal loans? The idea that states can sue on any federal issue now is concerning to the extreme.
But some Democratic lawmakers and advocates aren't so sure. Reps. Ro Khanna and Alexandria Ocasio-Cortez have been among the Democrats who have publicly pushed Biden to extend the pause should the Supreme Court strike down the broad debt cancellation.
"Resuming student debt payments in the middle of an affordability crisis is unconscionable. President Biden needs to deliver on his promise to cancel student debt," Khanna wrote on Twitter.
Ocasio-Cortez previously said in an interview with Politico that it's "very important the administration has a plan that is an actual response in the event of" the Supreme Court overturning student-debt relief.
Now call me crazy, but isn't this something that the legislature would be empowered to do as well? I want to see the bills that these reps have put forth to address the issue.