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

[fskimospy]

Well I kind of have to, because there are people that are so out of touch with reality they think people like Ron DeSantis respect our core institutions and values.

You definitely don't have to, haha.

 

[NWRMidnight]

There is no "emergency". This was just a risky scheme to buy votes. Brandon has no authority to do this. Even then, dismissing debt is no way to handle any emergency.

If you like, feel free to ruin your credit and file for bankruptcy.

Hey dumbass, when he initiated the debt dismissal, we where still under the state of emergency for COVID. You are a fucking idiot if you think otherwise. To further cement the fact that you are a complete dumbass: STUDENT LOANS CANNOT BE DISCHAGED IN A BANKRUPTCY!

 

[fskimospy]

Hey dumbass, when he initiated the debt dismissal, we where still under the state of emergency for COVID. You are a fucking idiot if you think otherwise. To further cement the fact that you are a complete dumbass: STUDENT LOANS CANNOT BE DISCHAGED IN A BANKRUPTCY!

Yeah, Biden’s authority to do this is crystal clear and undeniable. The only question here is if SCOTUS is going to invent a reason to invalidate it out of thin air.

 

[hal2kilo]

Yeah, Biden’s authority to do this is crystal clear and undeniable. The only question here is if SCOTUS is going to invent a reason to invalidate it out of thin air.

I like Sonia Sotomayor's take on this.

Sonia Sotomayor Just Nailed the Problem With the Student Debt Cancellation Challenge – Mother Jones

“That really has us, the third branch of government, changing Congress’s words,” Sotomayor said. Among the millions of borrowers who would be helped by debt cancellation, “many of them don’t have assets sufficient to bail them out after the pandemic. They don’t have friends or families or others who can help them make these payments. The evidence is clear that many of them will have to default.”

Also, these old out of touch politicians in robes are still clueless about how social media algorithms work.

The Supreme Court’s Big Algorithm Fail – Mother Jones

 

[FelixDeCat]

Google "Biden says Covid is over". If he says it's over how can he then say...lol emergency...let's buy votes with debt forgiveness!

 

[fskimospy]

Google "Biden says Covid is over". If he says it's over how can he then say...lol emergency...let's buy votes with debt forgiveness!

Because national emergency declarations are legal documents and to end a national emergency the president must take specific actions. Saying something in a speech has no legal weight.

It is undeniable that when Biden gave the order that COVID was legally a national emergency. You can look it up yourself. The law clearly states that in cases of a national emergency the secretary has plenary authority to modify or waive loan requirements. It is the plain text and plain meaning of the law.

Now if you like judges just inventing new laws out of thin air just say so. If that’s the case though then Biden really should pack the court and then just have his new court write whatever laws he wants. Ban guns, etc.

 

[FelixDeCat]

Because national emergency declarations are legal documents and to end a national emergency the president must take specific actions. Saying something in a speech has no legal weight.

It is undeniable that when Biden gave the order that COVID was legally a national emergency. You can look it up yourself. The law clearly states that in cases of a national emergency the secretary has plenary authority to modify or waive loan requirements. It is the plain text and plain meaning of the law.

Now if you like judges just inventing new laws out of thin air just say so. If that’s the case though then Biden really should pack the court and then just have his new court write whatever laws he wants. Ban guns, etc.

You mean when like the SC said abortion was a privacy right? That too was an invention and legislation from the bench.

 

[Pohemi]

Sure thing, clowntard. All of your imagined gotchya comments are not only false but entirely idiotic. Nothing new for you though, is it?

 

[MrSquished]

You mean when like the SC said abortion was a privacy right? That too was an invention and legislation from the bench.

Of course you don't think a woman's own body is her private business, you are a misogynistic pig of a republican. You wackos think a woman's body is your business.

 

[fskimospy]

You mean when like the SC said abortion was a privacy right? That too was an invention and legislation from the bench.

So you support that? If not then you must side with Biden here.

 

[Sunburn74]

This is just emblematic of the larger problem of the major questions doctrine and why the court needs to be expanded until they abolish it.

As things stand now SCOTUS is a super legislature that vetoes any policies they politically disagree with. In oral arguments today conservatives were complaining that the action was unfair as it applied to some people and not others. Who gives a shit? It’s not their job to care of something is fair or not! There’s no ‘fair’ in the constitution.

I fully agree. I never thought the judiciary's role is to carefully receive the need for law or the value to society or etc. It's most a matter of whether the law as implemented violates existing law or precedence.

They seem to have gotten away from that now deciding that they are congress 2.0, except they are not elected or can be voted out.

 

[dainthomas]

This is why I'm not a fan of the forgiveness plan - student debt will just come back.

That being said, SCOTUS is still wildly out of line here. 'I think this policy is bad' is not a valid basis to strike something down but they've forgotten their place.

Well part of Biden's plan adjusts income-based repayment and lowers the number of years before the balance is wiped out. So that should help quite a bit. This will just reduce existing balances.

IMO he should have just wiped out interest on student loans, but Biden is definitely too corporate friendly for that.

 

[ch33zw1z]

I don't know if they need to be 100% free for students for the first 4 years (having some nominal out-of-pocket cost to a student shouldn't be a big deal), but we do need to bring down costs. State colleges and universities need additional funding to both cut costs for students and allow for massive increases in enrollment. The latter can help put pricing pressure on private colleges and universities.

However, I also think that's a realitively distinct topic from the current student loan forgiveness plan and something that will require legislation to fix. I'm sure republicans will get right on that legislation part... any day now...

You’re right, it won’t fix the current problems.

 

[Roger Wilco]

Rays of hope.

Biden administration lawyer may have saved student loan forgiveness plan at Supreme Court, experts say

The Supreme Court could rule within months on a $400 billion student loan forgiveness plan by the Biden administration.

www.cnbc.com

Experts lobbed praise on Solicitor General Elizabeth Prelogar, the lawyer who represented the Biden administration in front of the nine justices on Tuesday.

“The Biden administration now seems more likely than not to win the cases,” said higher education expert Mark Kantrowitz.

“Her preparation, poise and power were impressive,” Kantrowitz said.

In contrast, the attorneys for plaintiffs opposed to the program were less than stellar, Kantrowitz said. “It was like the difference between a star quarterback and two tiddlywinks players,′ he quipped.

University of Chicago Illinois Law Professor Steven Schwinn agreed: “Prelogar knocked it out of the park.”

“I do think she could have influenced or even changed the thinking of two justices, maybe more,” he added.

On Wednesday, Fordham Law professor Jed Shugerman tweeted that he remains “struck by SG Elizabeth Prelogar’s brilliant performance.”

Prelogar focused on how the president was acting squarely within the law to avoid borrower distress during national emergencies and refuted that plaintiffs had shown in any way that they’d be harmed by the policy, which is typically a requirement to establish so-called legal standing.

Justice Clarence Thomas, who kicked of the justices questioning of the Biden administration, seemed to echo that view.

“We’re talking about half a trillion dollars and 43 million Americans,” Thomas said. “How does that fit under the normal understanding of ‘modifying’?”

Prelogar countered that the heart of the provision’s purpose was to allow the secretary to make sure borrowers don’t suffer financially with their loans during a crisis, and that’s exactly what the Biden administration’s policy does.

 

[UNCjigga]

I’m just waiting for conservative PPP fraudsters to sue the Federal Government/FBI for prosecuting them when Congress never explicitly gave that executive agency the authority to police those loans.

 

[nakedfrog]

So you support that? If not then you must side with Biden here.

Aw, it's cute that you still think he might pretend to have any kind of logical consistency, or that he cares at all when he's called out on it. That's what makes him a 🤡

 

[balloonshark]

I should have taken out a PPP loan and used it to pay off my student debt. Too bad I'm not wealthy so I can afford an accountant and lawyer to help me crime legally.

 

[NWRMidnight]

Google "Biden says Covid is over". If he says it's over how can he then say...lol emergency...let's buy votes with debt forgiveness!

Hey dumbass, Which comes first, August 2022, or January 30, 2023? Which of those two months did he finally announce the loan forgiveness that was in the works for months.. Which one did he announce the end of Covid? You act like he just announced the loan forgivenss yesterday.

Also, just because the President declares the state of emergency over, does not mean the impact of the emergency to the nation's citizen's is over. For once, pull that fat head out of your ass and see how beautiful the light of reality is. Short: Stop your fucking lying!

 

[Drach]

Good loardy. Please quit quoting FelixDeScat.

 

[FelixDeCat]

Good loardy. Please quit quoting FelixDeScat.

When people want to engage the chemical spill that is P&N and surgery goes wrong, they often cite quotes to answer the hard hitting questions. So I pull no punches in this regard.

 

[NWRMidnight]

When people want to engage the chemical spill that is P&N and surgery goes wrong, they often cite quotes to answer the hard hitting questions. So I pull no punches in this regard.

I am trying to figure out if you are knownly and willfully admitting that you and idiot in here, or if you are to stupid to realize it and you really don't know you are an idiot. Specially since you believe your questions are "hard hitting" because they are based off of made up bullshit that you have been lead to believe, and/or about subject matter you don't behave the brain capacity to understand.

Otherwise, you are just the typical conservative liar.

 

[ch33zw1z]

FDC is a 100% dishonest troll poster

 

[Braznor]

Education should be subsidized by the government. The student loan forgiveness was a good idea.

 

[FelixDeCat]

Education should be subsidized by the government. The student loan forgiveness was a good idea.

It is subsidized in many ways through grants, loan guarantees, etc. What some want is for America to pay for your expensive college education whether you succeed or not.

Nobody is twisting your arm to attend so you need to pay your own way.

 

[fskimospy]

It is subsidized in many ways through grants, loan guarantees, etc. What some want is for America to pay for your expensive college education whether you succeed or not.

Nobody is twisting your arm to attend so you need to pay your own way.

I think a good compromise would be for the government to subsidize it to the exact same percentage of costs as was done for the Boomers. Fair?