Weird. Several apps, such as infinity (plus others reporting ones that don't plan to go subscription based are working still - boost, stealth, rif when logged out, and relay and someone said their bot was still chugging along), still work fine with no subscription. That, plus this post indicating that changes will over over the best few weeks, makes me feel like it's not being revoked uniformly or smoothly.
It actually hasn't. The api hasn't been changed. Reddit is such a shit show they didn't make their own deadline. Apps that didn't take themselves down in advance still work.
Sure, they can try to come after your assets. My point is:
Having student loan debt doesnt guarantee you have assets like having a home loan does. You have a home. Many with student loans do not.
Because the debt is not linked to an asset, the failure of people to pay back student loans en masse will not inherently lower the demand and thus value of an asset.
Cheap homes have already been taken by cooperations. people with student loans selling their house probably won't degrade the housing market. Something else will probably tho cos that's also a shit show right now.
The student loan problem (and general debt problem) in the US is such a huge issue that any long term thinking politician would want to take drastic measured to reduce it, whether it's fair or not. The US put a lot of effort putting it's population into debt with each side of the political aisle having two very different mindsets:
1: Giving people money now will help them leverage themselves out of poverty. Their good investments will help them repay the loan and then make more than they previously could have.
2: Putting people in debt will make them unable to retaliate against anything that would inhibit their ability to make money to pay off debt (as in, no striking or protesting or anything like that because were all too financially insecure to get away with it). Those who do act out due to poverty can go to prison and be cheap labor there instead.
Not only was the second mindset more correct, the ultra wealthy also won out because, as people defaulted on their debt and markets collapsed, the ultra wealthy with extra liquid cash during recessions scooped up all the cheapened assets.
However, with a financial crisis based around student debt, there's no asset to even scoop up. You can't just take peoples degrees as they refuse to pay their student loans. This ones going to cause a global recession (because the global currency is realistically the dollar) for no real gain for even the ultra wealthy. People will have no money to spend on their products and there will be no assets to scoop. Anyone thinking ahead at all would really want to prevent this one from occurring no matter what.
Society needs to codify these rules into law though otherwise bad actors break those rules. When a right wing activist supreme court removes these protections, people get hurt. But, a store like this isnt doing this to hurt people, it's to make a statement that the far-rights own discrimination can backfire on them. It's a form of protest and a statement, not true bigotry. Its like using the flying spaghetti monster tactic to push legislation to be more strict on religion. These people are trying ro show that regulation on business to prevent denying goods and services is important for everyone, not just minorities the the right hates.
"States can't sue the government just over 'indirect' harm from a federal policy" is literally applicable to both. Are you unable to extrapolate that information outside of the context of a single case? Does precedent mean absolutely nothing to you? because it sure doesn't to the supreme court anymore.
Yeah. I read it. And it's total bullshit. If you scroll up just a couple of comments ago, you'll see why. MOHELA themselves say they will lose money from this court ruling and never planned to pay into the Missouri government program the Missouri government is referring to and they haven't for years. Additionally, Kavanaugh just ruled that "states can't sue the government just over 'indirect' harm from a federal policy." I literally already sent you a link to that. And yet, here he rules directly the opposite. So, maybe you could read first before sending the same bullshit that's already been shut down in this very thread.
But, because there's no real way to check the supreme court, they can say whatever they want and it's law.
They don't need standing because they're the supreme court. They literally just ruled on a theoretical case which was bananas in another decision. If you can actually show me their standing that isn't total bullshit, please direct me to it.
This court case doesn't actually impact me. I don't live in the US anymore.
Oh honey, Kavanaugh literally made a ruling about a week ago that contradicts this one. But yeah. You're actually right. They didn't use mental gymnastics. They were too lazy for even that. They're just saying no and contradicting themselves with almost zero justification as to why.
Honestly, this decision wouldn't probably impact future college attendees. But, there are other changes coming to federal borrowing that likely will. Income based repayment is being restructured and it's looking pretty good.
However, this will probably hurt the economy. A lot of people are about to hit repayment at a period of high inflation. It's not a great economy. And, if a lot of people decide to ignore their student loan bills a la 2008 financial crisis, were in for a global economic doozy.
I haaate "equal rights means equal lefts."
These dudes fantasize about a woman picking a fight with them so they can beat the shit out of one and have it be socially acceptable.