Supreme Court considers Biden’s student loan debt relief plan

[Hardcore troubadour 14,959]

Liberals are very happy to let the poors go to state schools. They’ll even pay for it to keep them away from their schools as much as possible. 

[RogerDodger 797]

This is the most delicious ruling, but man that lgbtqfu was a pretty good one too.  

[Hardcore troubadour 14,959]

Biden and the left blame the right about this when all along it was the constitution. Racist founding fathers at it again. 

[League Champion 1,896]

 

[Strike 5,219]

https://www.powerlineblog.com/archives/2023/07/the-daily-chart-college-bloat-after-the-loan-decision.php

[Strike 5,219]

https://www.forbes.com/sites/prestoncooper2/2017/02/22/how-unlimited-student-loans-drive-up-tuition/?sh=58ec9ef652b6

Want to bring the cost of college down?   Get government the FOCK OUT of helping finance it.  Simple solution.  Will fall on deaf ears.

[dogcows 1,030]

34 minutes ago, Strike said:

https://www.forbes.com/sites/prestoncooper2/2017/02/22/how-unlimited-student-loans-drive-up-tuition/?sh=58ec9ef652b6

Want to bring the cost of college down?   Get government the FOCK OUT of helping finance it.  Simple solution.  Will fall on deaf ears.

To me, this is one of many American half-measures that don’t have the intended effect.

People can’t afford college? Make state schools free! Well, that’s no good because private schools don’t think it’s fair, and some states don’t want the extra state expenditure. So, how about we just have the government loan people money instead? YES say private schools, they definitely want more money, and states like it too. Plus, since they are loans, the federal govt will get the money back anyway. Win win right? Nah. Should have just made state schools free and let private schools deal with it by offering more for the money. See also: Germany

Same thing with Medicare. It wouldn’t be that hard to expand it to everybody… but insurance companies would not like it. It would also make sense to allow them to negotiate prices on drugs. But the drug makers wouldn’t like that. So… another half-measure. They never seem to fully solve the problems, and then cause other problems.

[Hardcore troubadour 14,959]

2 minutes ago, dogcows said:

To me, this is one of many American half-measures that don’t have the intended effect.

People can’t afford college? Make state schools free! Well, that’s no good because private schools don’t think it’s fair, and some states don’t want the extra state expenditure. So, how about we just have the government loan people money instead? YES say private schools, they definitely want more money, and states like it too. Plus, since they are loans, the federal govt will get the money back anyway. Win win right? Nah. Should have just made state schools free and let private schools deal with it by offering more for the money. See also: Germany

Same thing with Medicare. It wouldn’t be that hard to expand it to everybody… but insurance companies would not like it. It would also make sense to allow them to negotiate prices on drugs. But the drug makers wouldn’t like that. So… another half-measure. They never seem to fully solve the problems, and then cause other problems.

Why do you keep acting as if employers look at state schools and private schools equally? 

[Strike 5,219]

3 minutes ago, Hardcore troubadour said:

Why do you keep acting as if employers look at state schools and private schools equally? 

Why don't they?

[Hardcore troubadour 14,959]

3 minutes ago, Strike said:

Why don't they?

It’s a big club. And you ain’t in it. The whole country is run by graduates of private schools, and most of them have connections. I like when Joy Reid leaves out the fact that her mother was a professor at a college and her father was an engineer when she talks about AA. Or that Ketanji Brown Jackson’s father was a prominent lawyer.  They want you to think they are giving a helping hand to the disadvantaged. They are just picking and choosing the POC they want, not the ones that need the help. 

[Ultra Max Power 214]

After months of stalling and a significant step back inflicted by the Supreme Court last month, President Joe Biden scored a crucial victory on Friday when his administration announced that it would automatically cancel the debt of hundreds of thousands of borrowers.

The debt cancellation, which will benefit 804,000 student loan borrowers, will add up to a total of $39 billion in relief. It's made possible as a result of previous actions undertaken by the federal government to fix "longstanding failures in the student loan programs," according to the Department of Education.

Under the new repayment plans, borrowers on most plans are entitled to have their debt forgiven after 20 years of payments, depending on what and when they borrowed, and their plan type.

[Sean Mooney 1,948]

On 7/9/2023 at 2:50 PM, Strike said:

Why don't they?

They do....

[HellToupee 1,596]

14 minutes ago, Ultra Max Power said:

President Joe Biden scored a crucial victory on Friday

Calling this a victory Is like someone throwing an eephus pitch and claiming it was a triple digit 4 seamer

[Ultra Max Power 214]

4 minutes ago, HellToupee said:

Calling this a victory Is like someone throwing an eephus pitch and claiming it was a triple digit 4 seamer

It was a newsweek article and I'm sure it will be challenged in court again, but as this Admin does... They call it a win until it ultimately fails and then they will blame republicans because they skirted the laws.  

[RLLD 4,143]

17 minutes ago, Sean Mooney said:

They do....

 Agree. Unless you are pursuing some high level financial role, or perhaps ceo/coo level roles no one really gives a flying dock where you went to school.

I have been a hiring role for 30 years, and around others doing it, none of us have ever cared where anyone went to school.

The notion that it matters is a false narrative driven by those who can make money off the premise

[shadrap 223]

2 minutes ago, Ultra Max Power said:

It was a newsweek article and I'm sure it will be challenged in court again, but as this Admin does... They call it a win until it ultimately fails and then they will blame republicans because they skirted the laws.  

no end to buying votes with our money.  What is for the greater good of the country left in the 70's on a midnight train to Georgia.

pathetic what this nation has become.  

[HellToupee 1,596]

7 minutes ago, Ultra Max Power said:

It was a newsweek article and I'm sure it will be challenged in court again, but as this Admin does... They call it a win until it ultimately fails and then they will blame republicans because they skirted the laws.  

If they truly cared they would’ve done something about interest rates on the loans etc

[Ultra Max Power 214]

4 minutes ago, shadrap said:

no end to buying votes with our money.  What is for the greater good of the country left in the 70's on a midnight train to Georgia.

pathetic what this nation has become.  

I'm not even against some form of student loan reduction plan.  They just go way overboard in their proposals.  

Biden has a bad habit of just announcing things before they go through the proper channels.  Its horrible leadership.  

[Ultra Max Power 214]

4 minutes ago, HellToupee said:

If they truly cared they would’ve done something about interest rates on the loans etc

I like the article said "longstanding failures in the student loan programs,"... guess who started these programs? 

[RLLD 4,143]

1 minute ago, Ultra Max Power said:

I like the article said "longstanding failures in the student loan programs,"... guess who started these programs? 

I have to wonder if there were voices of wisdom back in the day warning about the obvious issues….and being called names like “white supremacist” or something for daring to not fall in line then as well

[Sean Mooney 1,948]

26 minutes ago, RLLD said:

 Agree. Unless you are pursuing some high level financial role, or perhaps ceo/coo level roles no one really gives a flying dock where you went to school.

I have been a hiring role for 30 years, and around others doing it, none of us have ever cared where anyone went to school.

The notion that it matters is a false narrative driven by those who can make money off the premise

Yeah I mean there might be schools that are "known" for being better for certain degrees but it's not like a qualified candidate is automatically passed over because they went to a state school and not a private one.

It's a false narrative that is yet another "us vs them" type mentality. 

[Strike 5,219]

38 minutes ago, RLLD said:

 Agree. Unless you are pursuing some high level financial role, or perhaps ceo/coo level roles no one really gives a flying dock where you went to school.

I have been a hiring role for 30 years, and around others doing it, none of us have ever cared where anyone went to school.

The notion that it matters is a false narrative driven by those who can make money off the premise

Yeah, that was pretty much my point.  Certainly having a Harvard law degree carries some clout, although I think that reputation is being diminished over time, but in most cases as long as you went to a reputable school you're good.

[Ultra Max Power 214]

33 minutes ago, RLLD said:

I have to wonder if there were voices of wisdom back in the day warning about the obvious issues….and being called names like “white supremacist” or something for daring to not fall in line then as well

If you pointed out the potential financial fallout of allowing kids to take out 100K loans for degrees that have 50k salaries, they said you we're supporting giving the kids a chance and "everyone should have access to higher education"

[Mike Honcho 5,113]

On 7/9/2023 at 10:18 AM, Hardcore troubadour said:

Biden and the left blame the right about this when all along it was the constitution. Racist founding fathers at it again. 

All about the Constitution, show me where in the Constitution I can find "major questions" doctrine that SCOTUS used to knock this down.  

[seafoam1 2,804]

I'm a conservative and I paid off my school loans. Took me a little while but paid in full. I never looked for a handout or whined about them. 

Why can't liberals pay theirs off?

[Hawkeye21 2,382]

6 minutes ago, seafoam1 said:

I'm a conservative and I paid off my school loans. Took me a little while but paid in full. I never looked for a handout or whined about them. 

Why can't liberals pay theirs off?

There's no reason why they can't pay them.  Everyone should be paying them off.

[Blue Horseshoe 348]

1 hour ago, HellToupee said:

Calling this a victory Is like someone throwing an eephus pitch and claiming it was a triple digit 4 seamer

 

 

Will not survive judicial scrutiny

The major intent in to try to energize young voters for the DNC

BUT the flip side is this will cost as many voters the other way, maybe even more, who don't want their tax dollars being spent to prop up the DNC's Big Education cronies. So what's the motive?

It sets a pathway to blame Conservative Catholics on SCOTUS as this gets struck down as well. Team Blue has made it clear they want to incite as many fringe radicals as possible to try to assassinate anyone on SCOTUS with a background with the Federalist Society. They can't guarantee 2024 POTUS will stay Blue, so they need someone like Thomas or Alito picked off right now. 

Merrick Garland isn't even trying to hide his hand here. Team Blue just wants enough of SCOTUS wiped out so Biden can nominate new woke Justices while he still can. 

[seafoam1 2,804]

6 minutes ago, Hawkeye21 said:

There's no reason why they can't pay them.  Everyone should be paying them off.

I kind of think that if public schools were doing their job they would spend a class day or two teaching those kids that don't know what taking a loan out means, what taking a loan out means. I knew what it meant. 

[TheNewGirl 1,357]

1 hour ago, Ultra Max Power said:

After months of stalling and a significant step back inflicted by the Supreme Court last month, President Joe Biden scored a crucial victory on Friday when his administration announced that it would automatically cancel the debt of hundreds of thousands of borrowers.

The debt cancellation, which will benefit 804,000 student loan borrowers, will add up to a total of $39 billion in relief. It's made possible as a result of previous actions undertaken by the federal government to fix "longstanding failures in the student loan programs," according to the Department of Education.

Under the new repayment plans, borrowers on most plans are entitled to have their debt forgiven after 20 years of payments, depending on what and when they borrowed, and their plan type.

I believe parts of this were already in place for people who got things like public service or teaching degrees. 

I wonder what falls under the new plans "depending on what, when they borrowed and plan type." There are a few different govt funded TYPES of plans, and some of them were already able to be cancelled. 

I also kind of agree that if you haven't been able to pay it back in 20 years, then the amount of principle was just crazy, OR the interest rate made it impossible to get the principle down (which is something the govt controls and would need to fix anyway). 

Not sure if it's really a nothing burger, but meh. I feel like the media is gong to beef up whatever he does and call it a "crucial" victory at this point. 

 

[dogcows 1,030]

15 minutes ago, Mike Honcho said:

All about the Constitution, show me where in the Constitution I can find "major questions" doctrine that SCOTUS used to knock this down.  

Thank you for this. That “doctrine” was created out of whole cloth by the court. It ignores the letter of the law, assuming that Congress didn’t want the agencies to have.... agency.

It’s completely arbitrary what the court determines to be “major” when deciding how far an agency can go with its Congressional mandate.

For a bunch of “originalists,” they sure don’t care about the letter of the law when it comes to stuff they are ideologically opposed to.

[TheNewGirl 1,357]

3 minutes ago, seafoam1 said:

I kind of think that if public schools were doing their job they would spend a class day or two teaching those kids that don't know what taking a loan out means, what taking a loan out means. I knew what it meant. 

I knew what it meant because my dad told me, not because of school. 

[Strike 5,219]

5 minutes ago, seafoam1 said:

I kind of think that if public schools were doing their job they would spend a class day or two teaching those kids that don't know what taking a loan out means, what taking a loan out means. I knew what it meant. 

They should have a full semester class on basic personal finance and investment in high school.

[Hawkeye21 2,382]

5 minutes ago, seafoam1 said:

I kind of think that if public schools were doing their job they would spend a class day or two teaching those kids that don't know what taking a loan out means, what taking a loan out means. I knew what it meant. 

I agree 100%.  Schools need to do a better job of preparing our children for life.  I think schools should still have home ec.

[dogcows 1,030]

7 minutes ago, TheNewGirl said:

I believe parts of this were already in place for people who got things like public service or teaching degrees. 

I wonder what falls under the new plans "depending on what, when they borrowed and plan type." There are a few different govt funded TYPES of plans, and some of them were already able to be cancelled. 

I also kind of agree that if you haven't been able to pay it back in 20 years, then the amount of principle was just crazy, OR the interest rate made it impossible to get the principle down (which is something the govt controls and would need to fix anyway). 

Not sure if it's really a nothing burger, but meh. I feel like the media is gong to beef up whatever he does and call it a "crucial" victory at this point. 

I saw a detailed article on this. A lot of people with substantial loans, who took a while to get a decent job after college, owe more than they originally borrowed, despite making payments for years. All because the interest piled up early on. The fact is, many of these loans will NEVER be paid back in full. The students can keep making minimum payments until they die and that won’t cover it. 

You can check out the numbers and analysis here: America’s Student Loans Were Never Going to be Repaid

 

[Gladiators 1,964]

9 minutes ago, seafoam1 said:

I kind of think that if public schools were doing their job they would spend a class day or two teaching those kids that don't know what taking a loan out means, what taking a loan out means. I knew what it meant. 

Agreed.  So much more value in this as compared to all the gender identity crap.

[dogcows 1,030]

1 hour ago, Ultra Max Power said:

I like the article said "longstanding failures in the student loan programs,"... guess who started these programs? 

Eisenhower

[Ultra Max Power 214]

21 minutes ago, Blue Horseshoe said:

Will not survive judicial scrutiny

The major intent in to try to energize young voters for the DNC

BUT the flip side is this will cost as many voters the other way, maybe even more, who don't want their tax dollars being spent to prop up the DNC's Big Education cronies. So what's the motive?

It sets a pathway to blame Conservative Catholics on SCOTUS as this gets struck down as well. Team Blue has made it clear they want to incite as many fringe radicals as possible to try to assassinate anyone on SCOTUS with a background with the Federalist Society. They can't guarantee 2024 POTUS will stay Blue, so they need someone like Thomas or Alito picked off right now. 

Merrick Garland isn't even trying to hide his hand here. Team Blue just wants enough of SCOTUS wiped out so Biden can nominate new woke Justices while he still can. 

I was with you on the first half.

I shudder to think about the second half of your post.  If a conservative justice would be assassinated, I think this country would spiral hard.  Especially if another KJB type gets appointed.  We're pretty much talking the start of civil war 2 at that point.   

[Dizkneelande 1,086]

6 minutes ago, dogcows said:

Eisenhower

Who federalized them making the government the most predatory lending system in our nation’s history?

[Ultra Max Power 214]

9 minutes ago, dogcows said:

Eisenhower

Crazy how student loan debt wasn't a major issue until the Dept of Education took over the process. 

 

[dogcows 1,030]

8 minutes ago, Ultra Max Power said:

I was with you on the first half.

I shudder to think about the second half of your post.  If a conservative justice would be assassinated, I think this country would spiral hard.  Especially if another KJB type gets appointed.  We're pretty much talking the start of civil war 2 at that point.   

Blue's Clues is posting from the dementia ward. If you find yourself agreeing with him, it might be time to get your head examined.