plz
No they aren't. They're going to send this to the Senate Parliamentarian and decide it's against the rules.
Listen sweaty, that's the most progressive debt cancelation that any president has done. Biden is the new FDR :dem:
Hahahaha living in a country where a dementia-addled walking corpse contains the power to dictate the course of my life with the stroke of a pen sure is great liberal democracy is a great idea you guys
Same thing with libs saying our very democracy was in danger when RBG died. Like, maybe the entire democratic system and the basic rights of 50% of the population shouldn't hang on the health of an 88-year old. Maybe we should have a different system...
But then which manufactured heroes do the liberals spend their entire lives sucking off?
I sincerely hope all my American comrades get the student debt relief, but watching that video is just sad. Three hopeless middle managers just begging, pleading with a demented old man to do something, anything they can at least try and run for re-election on.
"With the targeted reduction in interest rates and rebates already built in to our debt forgiveness program coupled with the means tested freeze on payment under certain conditions, YES you will be seeing $50, 000 worth of student loan debt forgiven and we've calculated an already estimated $45 000 in savings provided, the remaining $5000 will be cancelled over the next 10 years (amortized across any remaining payment instalments over 50, under 50 payment instalments receive no amortization), congratulations!!!"
So how do I get 50k worth of student loans before they're forgiven? I've put off going to college for ~a decade because the cost was prohibitive, it would be cool if I could actually get an education without 5 figures of debt.
Debt jubilees are cool, but tuition free or nominal tuition (like 100 dollars or something) is so much more important. For what it's worth, 2 year state college is now tuition free in a handful of states, but its on a financial need/hardship basis.
Look at the thing we did which requires the president to do what he said he wasn't going to do!
I wonder what this would do to credit scores. Like would banks just ignore that the debt even went away? Does this new situation indicate whether or not you are good to steal from, or do they base it off of the old situation? I’m sure somebody out there smarter than I am has an answer
I'm going to parody every single liberal who opposes a debt relief because it isn't a full restructure of our student financial assistance program. Of course it fucking doesn't go far enough, the whole point is that Biden could just do it by signing the paper. I almost actually respect the snake for trying this because it is genuinely a smart, wonky way to get around our awful congress and dumbshit libs suddenly become maoists trying to purge the universities rather than taking the easy technocratic road.
"Student Debt Relief" creates the same problem as "Amnesty for Immigrants", "Raising the Debt Ceiling", and "Increasing the Minimum Wage" in so far as it alleviates the pressure of a chronic problem in the system while also creating a recurring crisis point that politicians fight over solving.
It's a clever way to transmute a long-term problem into a periodic infusion of short-term political capital. But it's also a fucking nightmarish way to govern, as everyone is left in the lurch dependent on the whims of the current political leadership.
As it happens, the current political leader is the same brand of calcified asshole as the last one and the one before and the one before that. So the pressure for systemic change continues to build, absent even short term relief.
