Student Loan Forgiveness is Set to Expire: This is Going to be Painful for Many!

[Captante]

It won't get to SCOTUS in time for the midterms

First thing I thought..... GOP will make certain of this.

 

[fskimospy]

First thing I thought..... GOP will make sure of this.

I'm not positive of that - there's a nonzero chance SCOTUS just shadow dockets this and blocks it without any argument, briefing, etc.

 

[Captante]

I'm not positive of that - there's a nonzero chance SCOTUS just shadow dockets this and blocks it without any argument, briefing, etc.

I doubt that too many "points" either way to be "scored" for them to leave it alone ... those evil fvckers may be dumb but they're crafty.

My bet is we hear nothing at all from them but maybe some bluster until (roughly) December 1st 22 and then they go all-in.

 

[K1052]

Regardless of court action we are also rapidly entering the GOP candidates who got their PPP loans forgiven but want to prevent lower income Americans from getting relief cinematic universe.

Fiscal responsibility for thee but not for me.

 

[fskimospy]

I doubt that too many "points' either way to be "scored" for them to leave it alone ... those evil fvckers may be dumb but they're crafty.

My bet is we hear nothing at all from them until (roughly) December 1st 22 and then they do all-in.

Maybe - depends on when the loan cancellation would go through. If it's scheduled before the election I think there's a good chance SCOTUS will block it then as reversing that sort of thing could be a very messy affair.

 

[MrSquished]

I'm not positive of that - there's a nonzero chance SCOTUS just shadow dockets this and blocks it without any argument, briefing, etc.

This is true. The 5 nutsos on the SC have gone completely rogue.

Overall it would be terrible, I don't think it would save the house for the Dems though it would hurt the GQP. The GQP is too entrenched with gerrymandering.

 

[fskimospy]

This is true. The 5 nutsos on the SC have gone completely rogue.

Overall it would be terrible, I don't think it would save the house for the Dems though it would hurt the GQP. The GQP is too entrenched with gerrymandering.

I have a hard time imagining the Democrats keeping the House but as quoted here 538 would have the House as a tossup if the election were held today. That's not great but it's a ton better than it was a few months ago!

 

[MrSquished]

I have a hard time imagining the Democrats keeping the House but as quoted here 538 would have the House as a tossup if the election were held today. That's not great but it's a ton better than it was a few months ago!

Oh yes, this summer has been really good for Dems. It's definitely possible so I do actually have hope that it may happen. I haven't resigned myself to defeat at all.

When everybody was saying everything is lost in the midterms early in the year, kept saying that is an eternity in politics.

 

[Roger Wilco]

Millions of Americans are going to be living under the assumption that their student loans will be forgiven. Seems nuts that courts would strip that away considering the political repercussions. They shot themselves in the foot with Dobbs, and now they want another bullet?

 

[fskimospy]

Oh yes, this summer has been really good for Dems. It's definitely possible so I do actually have hope that it may happen. I haven't resigned myself to defeat at all.

When everybody was saying everything is lost in the midterms early in the year, kept saying that is an eternity in politics.

It’s odd that gothuevos does not seem to be happier about this turn of events.

 

[brycejones]

It’s odd that gothuevos does not seem to be happier about this turn of events.

It's just the false dawn before the sky falls Duh!

 

[K1052]

They shot themselves in the foot with Dobbs, and now they want another bullet?

The guys sitting on the bench don't care that they're making the GOP play political Russian roulette with a magazine fed gun. They're doing what they were sent there to do: get results.

 

[Pens1566]

Millions of Americans are going to be living under the assumption that their student loans will be forgiven. Seems nuts that courts would strip that away considering the political repercussions. They shot themselves in the foot with Dobbs, and now they want another bullet?

I think it's a win-win situation. If they don't do anything, all those people will be happy they got their debt lessened and it will help at the polls. If they do interfere, it'll anger those same people (and others) and it will help at the polls and with the push to reform federal courts.

 

[SteveGrabowski]

While I think schools have been screwing people for decades, I do not like the forgiveness.

People knew the costs going into it. They need to pay up. This is just another redistribution of wealth. Biden and the Dems are going full socialism here. Of course, rewarding those who have NOT been responsible. Like in so many other cases. I'm better off quitting my job, running up whatever debt, and depending on government to take care of me. Seriously that's a better career path for many these days.

I didn't finish college because I couldn't afford it (and I was already hired in my career profession.) I didn't get loans because I didn't want the debt. I've been removed from applicant pools because I lacked a degree. I feel stupid now I should have just finished college and refused to pay the bill.

But no, I did the responsible thing. Determined my financial future and determined dropping out was the best choice. I figured my experience was just as valuable as the degree.

That said, I've been highly successful so I don't really care. But why are we teaching people to be less responsible?

The bogus degrees from scam schools again let the buyer beware. The government should have stopped that right away. That is the purpose of the government and they failed. I can see it in that case.

https://twitter.com/x/status/1562466431479885825

 

[woolfe9998]

Bah, I still have $11K in debt left, but unfortunately I do not qualify because of too much income. Tired of all these benefits handed out based on income, as if a given amount of money is the same in every part of the country. Where I am, $125K/year is just the middle of middle class.

I feel the same way about the tax credit for EV's. I'm in the market for a car but I'll probably end up getting another Prius because I don't qualify for the tax credit and the EV's are too expensive without it. If they want to achieve the desired effect, they need to either ditch the income caps or set them way higher.

 

[Zor Prime]

We really need 0% interest student loans.

 

[FelixDeCat]

More shameless vote buying by Democrats.


Sigh 😕

 

[IronWing]

More shameless vote buying by Democrats.


Sigh 😕

Delivering programs the voters want is "vote buying". You're f'in' clown.

 

[woolfe9998]

More shameless vote buying by Democrats.


Sigh 😕

I'm sure you complained here when Trump insisted that his signature be on all the stimulus checks...

 

[Roger Wilco]

More shameless vote buying by Democrats.


Sigh 😕

Yep.

Just like when Trump insisted his signature get written on every stimulus check.

 

[Roger Wilco]

I'm sure you complained here when Trump insisted that his signature be on all the stimulus checks...

Whoah that’s creepy. Jinx.

 

[Pens1566]

More shameless vote buying by Democrats.


Sigh 😕

Like tax cuts for only the top 1%?

 

[Aikouka]

I would imagine the lawyers have determined that he does indeed have that power. That is why it has taken nearly 2 years to make the announcement. I also imagine that is why it's limited to just $10000 and not complete forgiveness.

I wonder if the $10k amount has something to do with the minimum amount of income that has to be reported to the IRS? I also assume that anyone getting the debt forgiven will likely have to claim it on their taxes as earned income... or does debt forgiveness not work that way?

 

[fskimospy]

I'm sure you complained here when Trump insisted that his signature be on all the stimulus checks...

It's such a weird way to look at things too. The government exists to provide services to its citizens and that principally involves spending tax money to do it. Everything government does is 'buying votes'!

Imagine how deranged someone's world must be where they say in effect 'the president doing things voters will like in order to get them to vote for him' is a bad thing.

 

[brycejones]

More shameless vote buying by Democrats.


Sigh 😕

Enjoy your ever hotter summers in TX because you're an idiot who votes for planet killing politicians.