The Dept of Education did a report on Biden's ability to cancel student debt so Biden just redacted the entire thing, how is this real lmao

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  • fuckiforgotmypasswor [comrade/them,any]
    ·
    3 years ago

    I dont know if everyone knew this or not, but yes, the Dept of Education can just X out that debt with the stroke of a pen. 90% convinced that was the real motivating factor behind the DNCs consildation against Bernie in the primaries: stop the populist wave of debt resentment, because thats something we could have actually materially affected.

    • Dingdangdog [he/him,comrade/them]
      ·
      3 years ago

      Is student debt that big of a money maker compared to other ghoulish sports? Like why the obsession with it? Maybe it has more to do with potential money versus actual money I guess. Are they just pretending that all that money is going to somehow materialize into their purses?

      • Theblarglereflargle [any]
        ·
        3 years ago

        The debt itself isn’t. But it’s already been proven that people with high debt we’re the ones taking minimum wage jobs. And the economy needs those fuckers back.

          • Theblarglereflargle [any]
            ·
            3 years ago

            Not really. The feds found that peoooe with high debt that use to work low income jobs remained out of them during the debt relief.

            Realize that’s the main reason economy is tanking

            And decided not to end debt.

            It’s simple even for them.

      • FirstToServe [they/them]
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        edit-2
        3 years ago

        The management of the debt is a huge money maker. Private companies administer payments and fees and they make bank on delinquency. So in addition to the grand sweeping incentives and moral imperatives imposed by the lizard people, there are direct financial incentives behind it as well.