Biden is withdrawing his broader student-loan-forgiveness plans that were set to cancel debt for over 38 million borrowers
https://www.businessinsider.com/biden-withdraws-student-loan-forgiveness-plan-debt-relief-trump-education-2024-12
82 points · 28 comments · view on lemmy.world
28 Comments
Whopraysforthedevil@midwest.social · 28 pts · 1y
Of course he is. Take some of your most popular, and arguably most effective, policies and just stop doing them.
Oh wait, those help normal Americans. That's right, we don't do that here.
octopus_ink@lemmy.ml · 25 pts · 1y
masterofn001@lemmy.ca · 12 pts · 1y
Depose.
someguy3@lemmy.world · 22 pts · 1y
Unfinished and a proposal. This is basically just acknowledging it won't be finished in time.
AmidFuror@fedia.io · 6 pts · 1y
Don't dampen people's ability to grouse here. It's all they have left.
usernamesAreTricky@lemmy.ml · 19 pts · 1y
The rules were unfinished. He had tried to do earlier wide scale debt relief that was struck down by the courts. This was another attempt at it and trying to write around their BS rulings. Republicans were already threatening that second version
He's been focusing on more narrow areas to provide relief because those have been harder to sue about
someguy3@lemmy.world · 24 pts · 1y
Unfinished and proposal.
gAlienLifeform@lemmy.world · -13 pts · 1y
Yeah, Biden's team never wanted to do any of this and never put any real effort into making it happen so now we're hear. In any sane world this implosion (along with the FAFSA disaster and a million other things) would be the end of the conversation about why younger voters haven't been supporting Dems at the rate we need, but I'm sure some jackass on MSNBC will say something fucking idiotic and insulting about misinformation on tiktok or something anyway.
someguy3@lemmy.world · 16 pts · 1y
Passed student debt relief. You: "He didn't want to do it!!!"
Blocked by court. You: "see he didn't want to do it!!!"
Passes new bill. Continues to work on other ways to do it too. You: "see he never wanted to do it!! No real effort!!"
Unbelievable.
gAlienLifeform@lemmy.world · -2 pts · 1y
Biden drug his feet as long as possible on doing anything then only made on single token the gesture because he knew the court would instantly undo it and then he could pretend he tried (a court he never supported reforming in any meaningful way, not coincidentally).
If he actually gave a shit he could have ordered the debt discharged before courts had any opportunity to involve themselves, or could have at least tried multiple different orders (like how Trump was willing to do with his travel bans), but the fact is Biden never actually wanted to deal with student debt because he worked most of his career to build this system and thinks it's a good way to keep young people from getting too uppity.
someguy3@lemmy.world · 5 pts · 1y
That you think that's how it works really shows me who I'm talking with. You have no idea how it works.
goferking0@lemmy.sdf.org · -5 pts · 1y
Biden does weakest method to do debt relief, then ignores it once courts block it
see he wanted to! - - dems not understanding why people don't want more right wing dems in the party
someguy3@lemmy.world · 2 pts · 1y
He literally wrote new bills to get around the court block. Several afaik, at least one went through and some like above he won't finish in time.
goferking0@lemmy.sdf.org · -4 pts · 1y
Not really but keep saying that.
He was also more than happy to start payments back up as a compromise with gop that also got nothing in return.
But yeah he totally was doing it
someguy3@lemmy.world · 1 pts · 1y
https://www.ed.gov/about/news/press-release/biden-harris-administration-approves-additional-428-billion-student-debt-relief-nearly-55000-public-service-workers-0
Keep going through mental gymnastics to say but but but Biden bad.
goferking0@lemmy.sdf.org · -1 pts · 1y
Yes following the laws that should have already discharged that debt big win for him...
gAlienLifeform@lemmy.world · -2 pts · 1y
Yeah, what's really frustrating is that I'm sure a lot of Biden supporters honestly understand how much of a complete and total failure his administration was (because like how could you not), but they will gaslight insult and alienate everyone and let the whole fucking country burn to the ground before they ever once admit it
goferking0@lemmy.sdf.org · -3 pts · 1y
Well yeah if you did it before the election (hell even before the primary) you were just a dirty trump supporter. Then it was you couldn't do it because it would hurt Kamala even though the entire point she replaced him was because of how poorly he was doing.
SnotFlickerman@lemmy.blahaj.zone · 12 pts · 1y
Did everyone forget that Biden was one of the chief engineers of making it so that student loans cannot be discharged in bankruptcy?
He never gave a flying fuck and that's why his solutions were all shitty bandaids instead of addressing the real issues.
usernamesAreTricky@lemmy.ml · 13 pts · 1y
He did try to do wide scale student loan reliefs but the supreme court kept blocking his attempts. The rules they are talking about were his second attempt at writing around the court rulings for broader relief. He kept at it with different approaches to work around that ended up smaller and more narrow because of stupid court rulings. His plans blocked by courts would also would have done stuff like capping interest payments for future loans and so much more.
Republicans kept challenging his rules at every step because they thought that people would blame him for their lawsuits. Sadly it seemed to have worked and created perceptions exactly like the comment I'm responding to
SnotFlickerman@lemmy.blahaj.zone · 9 pts · 1y
Hey dude, doing a one-time forgiveness of loans without figuring out why tuition costs are exploding beyond what is sustainable and leaving student loans as non-dischargeable in bankruptcy isn't a fucking solution.
Making student loans dischargeable via bankruptcy is.
https://en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act#Legislative_history
https://www.senate.gov/legislative/LIS/roll_call_votes/vote1091/vote_109_1_00044.htm?congress=109&session=1&vote=00044#position
Biden was one of 18 Democrats who broke with party to pass this bill in 2005 that made it so you can't discharge your student loans in bankruptcy. Biden in particular, was pretty loud about supporting the creditors on this bill. I remember because I had just left college and had loans at this point in my life, and I was pretty frustrated by it, and Biden in particular.
The fact that he doesn't want to undo the biggest issue with student loans as they stand, considering it's a bill he voted for himself, speaks loudly to how he wasn't actually interested in solving the problem. Think about how much of a non-issue this would be if you could just file bankruptcy and make these loans go away.
But sure, it's scary Republicans blocking his worthless fucking joke of a plan, not that his plan was a joke and his work in the senate is literally the reasons that students can't just... file for bankruptcy to get out from under their student loans.
But fuck me for actually knowing the history of this issue, right??
usernamesAreTricky@lemmy.ml · 13 pts · 1y
I don't disagree that Biden certain was problematic when in congress on student loans, but it's worth noting that the action he had planned to do was well beyond just one-time student loan forgiveness
He's lowered the bar for discharging student loans via bankruptcy via executive action. It shouldn't have been nearly impossible before, but it's now moved into the realm of at least sometimes possible now
[...]
https://www.cnbc.com/2024/03/12/biden-makes-it-easier-to-forgive-student-debt-in-bankruptcy.html
He also tried to cap interest rates, and reduce the monthly payment requirements, increase federal student aid, etc.
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/
goferking0@lemmy.sdf.org · 3 pts · 1y
That and all the government cuts to public universities funding.
Tuition is never going to stop rising while we kept cutting how much money they get from the state vs need to get from students
return2ozma@lemmy.world · 11 pts · 1y
I didn't forget.
https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020