See, it’s funny because Joe fucking Biden has done everything he possibly can to cancel large amounts of student debt across the board, and his efforts have been stymied by Republicans in the House, Senate, and Supreme Court, and yet people will continue to blame him as “looking like he wants to cancel student debt” instead of “cancelling student debt and having those efforts reversed at every turn by republicans”. Fuckers, useless fucking cunts blaming the wrong people.
Biden was a primary author of the 1978 bankruptcy reform act, and pushed hard for it as a Delaware senator at the time. This very legislation is why students can be crushed for life by student debt, as it prevents discharging said debt via bankruptcy. He, along with Ed Kennedy, are precisely to blame for the crisis resulting from uncapped tuition increases by greedy, profit-incentivized colleges and lenders. These same institutions contribute massive amounts of cash to Biden’s campaigns to this day.
At least republicans are generally more honest about how they intend to help corporations screw us, reprehensible as they may be.
40 years ago Joe Biden made a mistake. He’s trying to fix it now but he hasn’t succeeded, therefore he’s not trying.
Your argument is bad and you should feel bad.
If you want to say it’s his fault, okay. If you want to say this is proof he’s not trying now, go take a basic class on logic.
Canceling debt isn’t fixing the problem, it’s just making the symptoms more tolerable.
Why did his office redact that report on whether he could cancel student debt through a more viable path again?
The people complaining about Biden on this point are either fake grass roots actually trying to squash democratic support or their naive democrats falling for the bait from Republicans.
I don’t know why folks can’t see that there’s very little left for Biden to try at this point.
You clearly didn’t read the article.
I mean, as of monday his admin just instated a low income repayment plan where you don’t have to make payments after the October payment restart if you’re an individual making less than $32k/yr or married making $67k/yr household.
So there’s that.
Also it stops interest capitalization
Oh, I read it. The thing is absolutely idiotic.
Edit: it literally argues that he should have implemented it in a way that wouldn’t give the SC time to say it’s wrong. That’s fucking idiotic. That’s not how it works. You think they’d be like, “oh well, can’t do anything about it now.” No. They’d just reinstate the fucking debt.
No, but you see, accounts from lemmigrad with names like communistcat and 12315123 and vasya69 are telling me that both parties are the same therefore I should stop voting ever, and in the interest of believing both sides, I will do what they tell me.
Unfortunately “both sides” is also seen as the “clever” take. Just like a fedora was briefly seen as the “clever” fashion.
Except this is sticking a lot better.
Yeah, it gives smug sense of superiority, “look how cool I am, seeing through the world, the only intelligent person on the planet”
Get Congress to pass a bill and I’m sure he will sign it.
They literally fucking can’t. They tried within a more limited scope and the supreme court slapped it down, there is a zero percent chance they could cancel a more broad selection. Dogshit meme
Correction: They can, they just don’t want to. If supreme court accepts it, then it’s cancelled, but it’s more interesting for them to have a bunch of poor people with a fuck ton of debt up their arses, hence why they don’t do it
if the supreme court accept it, then it’s cancelled
They clearly, obviously, blatantly will not accept it. They shut him down on cancelling a smaller amount. They won’t just allow him to cancel a larger amount. All sending it to them does is create more precedent limiting the power of the executive, there is no reason to do that. There’s zero upside.
Biden has the power today to completely eliminate student loan debt via the 1965 higher education act. Alternatively, he could expand the Supreme Court to 13 or more justices to cancel out the conservative activist judges.
There are real actions Biden can take today to deliver on this supposed promise. And yet, the same bad dude who brought us legislation to ensure you can’t be rid of student loan debt via bankruptcy, somehow can’t come up with a way to get this job done. Hmm. Meme checks out.
there are real actions Biden can take today
Well let’s look at the two you just said.
1:elimate via 1965 higher education act. Mechanistically, this would be done via executive order, then the court challenges, and rules on whether or not the action itself or the 1965 act is constitutional. And what do you know! We are in luck! Because that’s literally what just fucking happened with the 10k cancellation last year. And it turns out our supreme court is full of shit bags, so it got squashed.
2: stack the court, or, excuse me, “expand to 13”. This is blatantly and laughably unconstitutional. The amount of justices is explicitly set Article III, Section 1, by congress. Judiciary Act of 1789 set it to 6. Passed by congress. Judiciary Act of 1801 set it to 5. Congress. 1807 to 7. Congress. 1869 set to 9. Congress. Jackson tried and got overturned. FDR tried, via congressional bill and didn’t get the votes. Now tell me where in that timeline do you see the authority to do this without congressional approval? So what you are asking for is a literal goddamn executive coup, a blatant authoritarian power grab for the executive, what we just narrowly avoided with Trump. Any support online you see for this movement, that even dares to cite a legal explanation for why Biden could do this, is made by liars and grifters who thinks they can sneakily interpret the constitution with some backdoor logic to ignore all judicial precedent. They are just rebranding sovereign citizen logic, straight up.
I don’t think SC has as much wiggle room to justify a squash attempt under 1965 HEA, the law is written very plainly there.
You’re right about executive overreach though, Biden would have to rally his congress to resize the court. He could have leveraged the majority activists handed him via GA in his first 2 years to do this. And when certain scumbag senators refuse to play ball, campaign aggressively in their home districts against them - whatever he has to do to fight for us. Which he isn’t going to do at all.
campaign aggressively
rofl
You think a bunch of republican “I’m a hair’s breadth away from taking my gun and shooting the first black man I see” dumbasses will suddenly vote Democrat if you just “campaign aggressively”??
Obviously not, I was referring to those who claim to be part of the democratic caucus and yet obstruct just as much as the republicans. The convenient excuses to not get anything done by Dems - Manchin and Sinema. One of the ways Biden can prove to me he actually wants to do something to benefit the people, is to hold them accountable. Instead he rewards them, and I suspect this is because they’re doing their jobs perfectly.
However, you do bring up a good point - we need to seriously consider how to bring republican voters back from the brink. It will be crucial for us to find a way to de-program them and bring them back into the societal fold, if we are to survive as a nation.
The endless march of court stacking would breed a not-inconsequential amount of bad precedence, to the degree that even judicial impeachment would produce a more stable final state. Iirc, supreme court stacking has been attempted before and struck down as well.
What the Democrats should have done is put forth a cap on the justice count while Republicans feel like winners. If they stack the court back, we’ll just see SCOTUS grow every new administration until it’s literally meaningless. The court shouldn’t even be political. It is there to check runaway politics.
Hate to tell you that the highest judicial office is literally a political position.
I mean, the SC shut him down on eliminating debt. So they clearly don’t believe he has the ability according to that act. It’s not like he forgot to invoke a law or something. SC takes all laws into account.
Increasing the SC is a very dangerous move. What’s going to happen? Just the SC increases every single time the majority changes and a new party comes into power?
So it’s not that simple. It’s an extremely naive take.
Are you familiar with the HEROES act from 2003? This is specifically what Biden and his legal team were relying upon for their recent attempt at student loan forgiveness. SC isn’t going to throw them a bone and try to broadly interpret other laws to support their case, that’s the attorney’s job which is supposed to be done at the time of filing. The 1965 law is different, and gives the executive absolute authority to cancel student loan debt. Which is why Biden didn’t invoke it.
In terms of restructuring the court, yes it is a dangerous precedent, but the strategy here is to legitimately threaten it and get them to all of the sudden see reason, instead of having to follow through. This has been done successfully a few times throughout history in times when the court has overreached.
This is actually quite simple - Biden can use his power and influence to materially improve the lives of the financially enslaved student populace, and he is choosing not to. He will side with corporations every time, as he has done throughout his entire political career. Have you been paying attention?
SC is required to take all law into account as broadly as possible to support. They’re legally required to “throw a bone.” They can’t say something is unconstitutional just because the wrong argument was used at the time. You can argue they don’t know about it or didn’t refer to it, but at this point, there’s legal precedent so it very likely will not work.
Edit: when has the threat to expand the court worked?
Edit: and Dems don’t have majority to expand the court anymore anyway
Maybe that was the plan all along? Pretend like you want to do it even though you know you won’t be able to.
I vaguely remember hearing about this thing called an executive order.
Remember when Bush Sr. stole all the Iraqi govt property in the US during Desert Storm? Seems like if he can do that, they could figure something out. The fact is, they don’t really want to, exactly like OP says, they just want to appear to want to.
if he can do that, they could figure something out
Learn how the government works. Please. An executive order was what Biden did previously, in attempting to cancel a smaller amount of debt for less people. It was rejected by the supreme court. There is no next step, there is no other way that isn’t an explicitly authoritarian unconstitutional Andrew Jackson style attack on the supreme court. Biden would have an approval rating of 10% within a week, whether or not anyone on Lemmy thinks it’s a good idea.
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EOs can’t supercede the Supreme Court’s decisions. If they claim the action is unconstitutional, no EO overrides that. It’s simply not how EOs work.
Yeah like… They just tried to cut down on student debt and the conservative supermajority struck it down. There’s literally nothing Biden can do to overrule that.
Does anyone else fear the economic impact that student loans are going to have once they are resumed? I am really not looking forward to another recession.
Hot Take: I’m looking forward to it for one reason only: Maybe social networks will be fun and bearable again without the constant bombardment of political “ideas.” Maybe all those people who haven’t been working will go back to work and stop ruining the internet.
What you’re experiencing is “summer internet”. All the children on social media, not the adults with loan debt.
all those people who haven’t been working
You realize unemployment in the US is near pre pandemic levels and as low as its been since the 60s?
https://tradingeconomics.com/united-states/unemployment-rate
Unemployment numbers are always disingenuous because they only count people who are looking for employment. People who leave the voluntarily leave the workforce aren’t included.
That’s a poor argument as you’re trying to say that this time we should compare apples to oranges. It’s also an argument you could use any time you disagree, essentially waiving the facts. Sorry, but no. Disingenuousness requires intent, the unemployment numbers are measured the same way year in and year out. If you want to argue that the number of people leaving the workforce skewed the numbers this badly, you’d need to show your work, not just attempt to disregard the actual data.
You should learn a bit about how they intentionally figure these numbers in their favor… Kind of how they change how inflation is calculated ever so often to make it look like inflation isn’t as bad as it is. There are jobs but there are more people permanently exiting the workforce and that doesn’t get factored into unemployment. It’s not a matter of opinion, it’s a matter of fact. https://www.statista.com/statistics/191734/us-civilian-labor-force-participation-rate-since-1990/#:~:text=This graph shows the civilian,participated in the job market.
Since 2000, the rate of eligible workers in the workforce has decreased from 67% to current 62%.
Yeah, and there are numerous factors at play. You’ve mentioned people exiting the workforce as if the whole thing had sinister undertones, (almost like the baby boomers retired) but not companies shuttering due to COVID, jobs being outsourced, jobs going part-time to avoid paying out benefits, jobs that disappeared due to automation or AI…the remote work boom, people who chose to go back to school during COVID, retire early, or stay home rather than risk dying. They still measure unemployment how they always have, I am neither fooled nor in need of learning here. There’s an entire argument that the unemployment rate is actually too low right now, contributing to inflation. https://www.cnn.com/2022/09/07/perspectives/inflation-jobs-recession-rubenstein/index.html
Then there’s this Forbes article that talks about the unemployment rate including labor participation rate but includes this bit about the boomers: “This trend was apparent during the 2010s, a decade with a strong economy that saw labor force participation fall from 64.4% to 63.6% as the percentage of the population 65 or older rose from 13.1% to 16.5%.” The point is that it’s possible for the participation rate to fall even though the economy is strong due to demographics.
The overall point is that you can’t just stare at one number and get a complete picture whether it’s participation rate or unemployment but that doesn’t mean they’re “intentionally figuring these numbers in their favor” They paint a rosy picture from accurate statistics and look on the bright side like every administration because consumer confidence is an important indication of a strong economy as well, and it’s good leadership, to be honest. “Lies, damn lies, and statistics” is still a valid point but either party would be touting their low unemployment numbers, as they should. The economy literally gets stronger the more you convince people it’s stronger. The full picture is way more complicated than the unemployment rate, but that does not at all map to “the unemployment rate is doctored.” or even “misleading.” The unemployment rate is what it is…it’s the narrative that’s fudged, not the numbers.
If you think folks only had one bill (school loans) so had no reason to work until it comes back, you’re kind of out of touch. Unemployment is fairly low and it’s not because people aren’t looking for work.
Rabble rabble! No one wants to work these days and pull themselves up by their bootstraps! Never mind that is literally impossible, so actually a perfect apt metaphor! Instead, they just want to spend time online ruining it for ME! Rabble rabble!
We are in a recession though, have you seen what the working class is going through for the past three years?
That’s what I’m saying. We’ve been barely skirting by but it’s been doable. Once student loans kick in, that’s the spark going from embers to an inferno.
