“This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions,” Biden said in a statement.
Stop complaining about how old he is and look at his actions.
Or maybe vote for Trump so we can have Walmart Hitler. SMH.
I’m still gonna complain about how old he is. But I’m also not voting for Trump
Or maybe vote for Trump so we can have Walmart Hitler. SMH.
“But sleepy Joe didn’t make my life better, so I’m going to make everyone else’s life (and mine) worse!”
Unfortunately these were debts that already had the potential to be cancelled due to existing rules. Turns out, just nobody has been following the rules and actually cancelling those debts for all these decades.
“unfortunately”?
i.e. They can’t really be contributed to Biden “cancelling debt”. They should have been cancelled anyways. Read: Unfortunately for Biden
It kinda sounds like they wouldn’t have been canceled if he hadn’t made the effort. That’s no difference from any other debt forgiveness that’s within his power.
This is actually a remnant of his larger plan for cancelling student debt being blocked. So if it should have been done anyhow, we’re now…celebrating presidents for… doing their jobs?
I didn’t see any noisemakers or confetti, where are you seeing celebration? I see acknowledgement and respect, but that’s a far cry from celebration.
You’re saying you’d prefer the president didn’t do his job?
No, I’d prefer if a president did his job to begin with and didn’t try to take loud credit for a program that wasn’t his when he finally gets around to doing his job.
So… you want the job to get done, but you don’t want anyone to be happy that the job got done?
Bro the mental gymnastics here are astounding.
Just take the W.
I think the idea here is this.
The Executive Branch has checks and balances over both of the other two branches of government. Part of that is discretion.
The Executive is not, at all times, bound to the direction provided by Congress (see: lack of enforcement of Marijuana laws). This frustrates many when the wrong decisions are being made. And we love it when the right ones are.
So someone had stopped performing debt relief as instructed by Congress. Discretion, good or bad. Then Biden directs that the instructions be followed.
He kind of didn’t have to do that. I’m glad he did and I think it’s the basics of doing his job… But he could have just not done it and reminded entities that running a campaign is expensive or that he’ll be retiring at some point.
Attributed?
Biden has been doing a lot of good work. I wasn’t a fan when he ordered the rail workers back to work but since then be has increased the cost of carbon in negotiations, canceled the debt he was able to without the Senate and proposed relaxing drug restrictions on cannabis.
He isn’t perfect but it’s more good news than I got through 2016-2020 and he’s doing it while getting stonewalled on every decision by a Republican controlled Congress.
Also he kept fighting for the rail workers and got them sick time, just off camera.
Great, now do the rest.
He already would have, if congress and SCOTUS weren’t fighting him every step of the way.
Exactly this. I still have the letter I received that my debt would be forgiven, as well as the letter after the GOP challenges that said oops, not really.
Oof. Sorry to hear that.
That’s when you send them a handwritten, crayon-on-construction-paper letter that just says, “OOPS! NO TAKE BACKSIES!”
Aside from Sinema, Manchin, and the Republicans, who else is against it?
In area I live, lots of farmers were definitely against it. Which is SOOOOOOOOOOO ironic. At least I think that’s irony. Someone fact check me please.
It’s not irony unless those farmers hold a lot of student loan debt. It’s hypocrisy, because they’re the most consistent recipients of welfare
Would definitely fit in a modern take on “Ironic” by Alanis Morisette tho.
Got the first verse ready to go!
If it’s not ironic, it’s some good old fashioned hypocrisy
Well at least I could still write a song about irony.
Isn’t that enough?
A college educated person can earn more than a million dollars more over their career than a high school educated person. Biden is bailing out the rich and the Dems love it.
You have the time to discuss news online at ~7:30am Eastern and the necessary computing tech (phone, laptop) to do so. It certainly sounds like you’re better off than a lot of people – are you also part of the rich? After all, you aren’t doing manual labor nonstop from early in the morning for minimum wage.
I sure have. Started working 16 hours days in the summer months on the local farms custom baling hay and straw when I was 13. I have had many jobs since then, always bettering myself. I’m not rich, but I’m doing ok. I pay my taxes. I’m the callused hands of the working class that actually pays their bills and lives within their means. You?
I don’t like engaging in negativity on lemmy, but you’re an idiot. People with student loan debt aren’t rich.
Statistics tell a different story. You refuse math, and think I’m an idiot. Enjoy your bullshit degree.
You don’t seem to be aware of what ‘statistics’ are as you unsurprisingly haven’t provided any in traditional ignorant-loudmouth fashion.
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"The cancellations have come through existing federal student loan forgiveness programs, which are limited to specific categories of borrowers, such as public-sector workers, people defrauded by for-profit colleges and borrowers who have paid for at least 20 years. " -CNN
These are not rich people.
These forgiveness programs weren’t even created by Biden.
You’re intentionally spreading false information.
I am not spreading false information, you just don’t like the truth. These people are the next burden on the working class that actually pay their bills. Pathetic.
So you think people who were defrauded or are working public service jobs like teachers are rich people and not working class?
Also, who exactly was defrauded?
I think they make enough to pay their bills, sure. Teachers even have the summers off for side work. And to be honest, if they don’t understand how loans work should they be teaching our kids?
Rich is an interesting way to put it. Bailing out the rich are tax cuts aimed overwhelmingly at the rich, not taxing capital gains and other ways the rich try to hide their true income and not auditing the rich because it is too much effort.
…and should also include forgiving debt of those that have potential to be higher earners. Student loans were readily accepted and it was fully understood that you would have to pay the money back. Just do that.
Are you saying that because a person could earn more than a million dollars more over their career than a high school educated person that they’re rich? Or are you saying that a person who is college educated is already rich to start with?
Either way is confusing, so I’m hoping you’ll clarify. Seems a lot like you’re implying that a possibility is the same as having a million dollars in your bank account? Like just because I have lotto ticket I’m a millionaire even though the numbers haven’t been drawn yet.
I’m saying it’s statistically proven that a college educated person has a much higher earning potential than a person without higher education.
I’m not implying wealth before college at all. Therefore, if you support a government bail out of those people, you support the government bailing out the wealthy.
I’m trying to understand what you’re saying. Are you arguing equality vs equity? For example that any handouts or bailouts regardless of economic situations or conditions is the same?
How are you defining wealthy/rich vs poor? Would it be fair to say that that at a certain point an item costing $5 is more affordable for someone who makes 100k vs 30k? Generally / statistically speaking.
That would be a fair statement, and also makes a perfect example of why a college educated person, that makes more than a high school educated person, should be able to pay the money they owe.
Biden administration spends 4.8 billion buying votes.
“Anything good is always posturing.” What a cynical, bat-shit crazy way of looking at anything.
Not to mention he has been going after student debt far before the scope of elections.
Nothing like waiting until just before an election to actually make positive change smh
Are you aware this was not the first action of this type? Maybe read beyond the headline.
They can’t, it’s paywalled
Well, the $4.8 billion from the headline is in conflict with
“This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions,” Biden said in a statement.
That could be a clue it’s not been the first and only action of its kind.
Or did I miss the sarcasm in your reply? 😅Reuters is not paywalled lol
The article is 2 paragraphs long.
You are correct. Let me rephrase. Registerwalled
I am not registered with Reuters. I can read every Reuters article.
They are an independent news distributor, from whom major news networks pull reporting consistently.
Reuters is one of the best sites in the world if you just want facts as they exist
Just before? Did it become October 2024 when I wasn’t looking?
Right?
This is “just before an election” like Obama’s Garland nomination.
Which reminds me: when is Mitch McConnell going to finally die?
Fucker has 10 billion dollars for Israel but no dollars (not his plan that cancelled the debt) for Americans.
Typical.
Vote for Trump and see how many dollars you’ll get…
Coming in 2025: Trump Bux! Use it at Trump universities, Trump airlines and Trump reformation centers!
And when a TrumpAir jet goes down, the families of the partners get the cleanup and aircraft replacement bills, since that plane never would have been in the air if not for them, so it’s really their fault.
I’d expect that from a republican. That’s why I don’t vote for them.
On lemmy, it’s either you suck the dick they tell you to suck, or you’re “for the other guy”…whatever current evil they choose today happens to be. They don’t like factual even-handed takes on anything.
Thank you SO much for corroborating it.
It’s not just the federverse tho.
It’s the fascist brainwashed Republicans vs the fascist brainwashed Democrats in general.
Oh your “they are the same shit” is so annoying. You both come off as imbeciles. whatever, the options are not great, but come on you got an elderly lukewarm President or an elderly moron president.
One of which actively tried to dismantle our democracy, and their party has blocked almost every initiative they could that help the American people.
Billionaires are eating our world alive and climate change is going to cause mass migration.
You have no sense of civic duty, if we don’t help our neighbors then how the hell are we united as country?
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It’s closer to “when your options are the genocide far away and a genocide here, or a genocide far away”
Not voting doesn’t change a thing. The genocide far away will happen no matter what so the moral thing to do is to vote for the option that will minimize the amount of genocide being done. In the meantime the only thing you can do about the genocide far away is to call your congress and write to your local representative. It feels like almost nothing, but frankly there is almost nothing we can do. We can only minimize the total harm done by voting for Democrats instead of just letting Republicans run wild both domestically and abroad.
Are you familiar with two wrongs don’t make a right?
Or how about the lesser of two evils? Do you think the republicans would have handled this better somehow?
You are delusional if you believe that
Like I said you’re clearly a reactionary moron. Good luck with that, I’m sure you’re a big brave person fighting the good fight.
