The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt
The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt
A sharply divided Supreme Court has ruled that the Biden administration overstepped its authority in trying to cancel or reduce student loan debts for millions of Americans.
Dont forget to thank RBG, who refused to retire under Obama for some fucking reason, only to get owned by COVID after officiating a wedding for some dumb liberals (while having an immune system shredded by cancer)
Well it gave us the funniest trump interview imo https://www.youtube.com/watch?v=knlJWu815C0
Who here still thinks republicans should be allowed to vote and hold elected office and write and pass laws?
Show of hands?
Great, everyone who raised their hand deserves this shit. Everyone wants to hate on Republicans, but when it comes to the voting booth, everyone defends them to the death. Well this is what you get. But DeMoCrAcY is more important than anything and everything, right?
My "favorite" part of the majority ruling is how the loan forgiveness was struck down because it would harm the loan servicers. Not the government, not the people, the companies that have been contracted to collect the loans. That's who SCOTUS is most concerned with. Should tell us everything we need to know about who's interests are most important - capitalists
Friendly reminder Biden lost the battle but he hasn't lost the war. He is currently working out an income related savings plan and doing a hail mary long shot roundabout come in the back door play using the Authority he has from the Higher Education Act to create debt forgiveness regulation. He's still out there trying, though anything through the Dept of Education will take a while because of how policy works there.
I'm typically a swing voter, but not anymore
A very poor application of standing doctrine. Kagan cuts right to the heart of it when she asks "Where is MOHELA" as well as if anyone honestly thinks Missouri is there over MOHELA losing some fees. Heck, MOHELA wanted nothing to do with the suit and that the payments Missouri claimed MOHELA made back actually were never paid.
Then the recurrence of the "major questions doctrine," this invented idea that lets them throw out the plain text when they disagree.
That said, I did disagree with the plan. It was poorly targeted, hitting wealthier grads that still had loans, while ignoring poor people that never went in the first place, or were frugal and had limited loans. As someone that saw the Great Recession hit just after graduation, I wonder where my relief was from that emergency, as my lifetime earning took a massive hit, all while still having to pay my loans, with not so much as a payment pause or interest forbearance. To me, it was a thinly veiled attempt to buy votes for the midterm. Had it any other goal, Biden wouldn't have waited so long.
Roe, Affirmative Action, LGBTQ protections, this is why you should vote in every election, including (perhaps especially) midterm elections. It's the composition of Congress that makes these things happen, and you can't pass on voting if you want to prevent it.
Sucks
Can anyone clarify if this strikes down Biden's plan in it's entirety or just the lump s forgiveness? TBH I always considered the rest of the plan that fixes ballooning interest and unaffordable monthly payments the meat of this plan. The 10k is just meh and isn't really fixing anything long term. Would be really unfortunate if the former got screwed by the latter
I don’t have kids but am perfectly happy to pay more tax to make education free or cheaper. How can anyone argue that a less educated society is better? The more people that can experience higher education is plainly a good thing. There could be someone out there who could make a medical or technological breakthrough but doesn’t get the chance because they can’t afford to go to college.
