What gives? Biden still planning on trying to give debt relief or sis they quietly bury this?

  • Assian_Candor [comrade/them]
    ·
    edit-2
    2 years ago

    It’s up to the chudges now so almost certainly we will lose, and if there’s no resolution payments resume June 30

        • pooh [she/her, love/loves]
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          2 years ago

          That's true, but according to this it seems like the consequences would still be pretty serious: https://www.fastcompany.com/3060400/what-would-happen-if-40-million-americans-defaulted-on-their-student-lo

            • pooh [she/her, love/loves]
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              2 years ago

              A couple of other thoughts I have on this:

              1. It at least seems easier than organizing a general strike, since all you would need to do is convince people to stop paying their bills. Once they get over their fear of credit being hurt, that would be easy, but overcoming that fear is a big challenge.

              2. It doesn’t need to be limited to student debt. A general debt strike that includes student loans, credit cards, medical bills, rent, etc. would be absolutely terrifying to the people in power, I’d imagine. Even the threat of something like that would probably be enough to rattle markets and cause damage.

      • Beaver [he/him]
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        2 years ago

        The politically savvy move would be to give everyone the money, and then make the right wing ghouls claw it back