MicroWaveConservative groups sue to block Biden plan canceling $39 billion in student loans
RagnarokOnlineI know one generation in particular who is going to be pissed about this…
The one who was able to afford a year of college after working a single part-time job over the summer?
My genx Brother in Law loves to bring up how he had to pay for college working a pressure washing and catering job. So that’s two part-time jobs. 🙄 Of course the idea of student loan forgiveness is outrageous to him.
I don’t understand why they keep doing research on curing cancer. it wouldn’t be fair to my dad who died a couple years back. just not fair at all.
I don't understand why they bailed out the banks in '08, it wasn't fair to citizens who were in debt because their houses were underwater, just not fair at all.
tbh 15 years later I wish they let the banks fail. It would have been a pretty terrible 10 years, but I think by now we’d have a functioning world better suited for today’s generations/problems.
Didn’t Iceland actually jail the bankers?
This is literally what I said about COVID-19, Trump should have never given away those stimulus checks. Biden certainly hasn't helped but Trump put us on this disastrous trajectory of hyperinflation, of the likes we have never seen before.
Don’t buy into the propaganda. There was never going to be a big crash. They would have taken a small hit and FDIC would have insured every deposit. The big banks had already unloaded the mortgage backed securities into pension funds.
But but what about Lehman Brothers? Yeah what about them? The CEO alone took a +600 million dollar bonus they year it was going “bankrupt”. They can’t stay open but gave him over half a billion? I don’t think so. Bankrupt for normal people means rice for dinner for years, for the big banks it means they just don’t feel like “working” anymore.
What should have happened is jailing the lot of them, a foreclosure freeze across the US for a year, replenishment of Pensions from AIG and Goldman and Lehman executive salaries, and finally a requirement that everyone that is to be evicted be given a court appointed attorney who has the same case load as the bank’s attorney.
girlfreddyI wanna know who in the SEC allowed mortgage-backed securities to be sold in the first place.
Tacos_y_margaritasI am also Gen X with 2 teenagers. My college tuition was roughly $3-5k per year. For my kids, college tuition will be $9k/year. I have no problem with student loan forgiveness. College tuition has gotten out of control and student loans are holding younger generations back.
9k is cheap. Schools were I’m at are about 15k a year.
I am also genX and my tuition at a shit-tier school out west was 15k/year in 2003. After losing everything in a messy divorce my 45k owed became 70k over night (I lost all my bursaries and scholarships when I left school 2 weeks early).
Student loans do not effect the wealthy. They simply do not have student loans. For them it is a waste of tax money.
And boomers did not need student loans because college was affordable. They believe you can still get s part time job and pay for school. So to them, quit being so lazy.
Then we have the rich boomers that pay politicians to rage for them.
Tax money that they, by and large, don’t pay anyway
Democrats could rinse and repeat this political strategy to multiple white house victories. Create policy that benefits common people while showing republicans as desperate to a holes that want to stop the help at any cost.
That may be, but if the military is that subsidized, why not some of the normal folk?
This has been shown to work very well in developing countries.
Has this actually helped Biden win support? Because it seems like the same people benefiting from his policies are vocally trashing him
csm10495I personally wish he would just say ‘vote for me and I’ll cancel your loans’ or something.
Why do only Republicans play dirty?
That would be a really good idea if Democrats actually wanted to help people and weren’t just pandering.
RoundcatAt some point you have to wonder how does this benefit conservatives at all? On the contrary, forgiving student debt would free up the income of several people in their districts to spend money and stimulate the economy. From a church's perspective, any money that isn't being spent on repayment is potentially money being dumped into their collection plates. And for all those conservative people who want liberals/queer people/racial minorities to move away from them, they would certainly have more money to do so. Even to the most die hard conservative, I don't see how this isn't an absolute win?
Semi-Hemi-DemigodIt helps people, and for conservatives the cruelty is the point.
Nah, they feed their base hate but that’s their playbook and not the point.
Power and money are the point and poor people are easier to exploit. Everything they’re doing, even abortion, is about keeping the cycle of poverty going.
Because conservatives don’t represent people they represent Wall Street
That’s a bingo
More liberals go to college than conservatives. So while this will hurt some of their base, it will hurt their enemy more. And it’s a culture war victory for their aging boomer base that enjoyed cheap college and never had to struggle with college debt.
If loan forgiveness goes though its a major win for the Democrats and they cant have that. If republicans block it, then the peasants among us can claim that Democrats were never serious about it and both parties are the same.
The overlap of “old people who donate to churches” and “people with student debt” is probably quite low. Debt and hardship breeds low-income, low-educated future generations, and those uneducated bloodlines are easier to convince to go to church.
Keeping middle america poor, uneducated, and struggling is a direct benefit to both religion and the corporate bottom line.
Because their base has the idea that it if doesn’t benefit them personally, we shouldn’t do it. If they don’t get “free money” too, then they missed out. How dare we correct a mistake of outrageously high college loans without just giving money to those who didn’t go to college or were able to pay it off? That’s not fair.
Loan forgiveness helps college educated Americans. The GOP has vilified college education as elitist. So blocking loan forgiveness is like a PR will for the GOP base.
Conservative areas have lower education rates so it doesn’t impact them as much.
Banksters lobby.
It might get them a few votes from their core supporters.
It is denying the Democrats a win.
Conservatives decide to use the court system to fuck over people in need? What a shocker!
SnapzThese “shocker!” or “I’m sooo surprised!” statements are self indulgent and actually kill the inspiration to fight back in some who read along. They don’t serve a purpose beyond you personally having something to say for the sake of it.
Use that energy for a comment with some substance next time. Maybe you find and link some examples of your premise? Or promote the simple act of registering to vote so that we can get more progressive minded people in offices with mandates to do things like apply enforceable ethical standards to the Supreme Court.
Cool
Woah, it’s almost like we have laws and a court system in this country, that’s insane!
MyOpinionThe GOP/Nazi party is sickening to watch in their cruelty.
If the forgiveness fails to go through, I wish they’d at least set the interest rate to 0% and/or make the minimum payment something ridiculously low like $20/month. Both would help a lot
Why should they do that?
Sir_KevinIf the debt is impossible to pay off in a lifetime, people simply won’t pay at all. There’s no point.
If they make it possible then more people will try.
If the debt is impossible to pay off in a lifetime, people simply won’t pay at all.
someone with a college degre makes 1-1.5m more in their lifetime than without.
Does anyone you know have 1m in student loans?
Not everyone lives under ideal circumstances regardless of what document they achieved in the past.
To make trumpers cry
You’re the same as those who want to ‘own the libs’
That’s the joke smart guy
Good, student loans forgiveness is just a handout to the most capable earners of our generation.
The fact that this is such a big talking point for the left shows how little they actually care about marginalized groups, it’s just so easy to get middle/upper middle class white liberals to buy into whatever talking points they want
Right and I’m sure you’re just lined up with solutions to help those marginalized groups 🙄
Conservatives love their whataboutism.
Right and I’m sure you’re just lined up with solutions to help those marginalized groups
Yeah, take the money that you want to go to rich white educated people who aren’t struggling, and put it towards programs that help those in poverty, give incentives for individuals to donate to food banks, donate their time to charities and after school programs for inner city kids.
I want to offer minorities after school programs to keep them off the streets, you want to give white people making 100k/year a handout. We are not the same
Because everyone in college is white? Your racism is showing.
White and rich apparently. You know, all those people in crippling debt. Rich.