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SCOTUS kills Biden's student loan/debt relief plan...

Discussion in 'Too Hot for Swamp Gas' started by GatorGrowl, Jun 30, 2023.

  1. GatorGrowl

    GatorGrowl Forum Admin Moderator VIP Member

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    The Supreme Court on Friday invalidated President Joe Biden’s student loan debt relief plan, meaning the long-delayed proposal intended to implement a campaign trail promise will not go into effect.

    The justices, divided 6-3, ruled that the program was an unlawful exercise of presidential power because it had not been explicitly approved by Congress.

    The plan, which would have allowed eligible borrowers to cancel up to $20,000 in debt and would have cost more than $400 billion, has been blocked since the 8th U.S. Circuit Court of Appeals issued a temporary hold in October.

    Live updates: Supreme Court strikes down Biden’s student loan relief plan
     
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  2. mdgator05

    mdgator05 Premium Member

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    A long-term disaster for Republicans, and they likely don't even realize it. Making sure millennials don't drift to the right politically as they age while driving mass turnout by people in their 20s.
     
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  3. wgbgator

    wgbgator Premium Member

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    Another case where dubious standing was engineered to achieve a political outcome.
     
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  4. tampagtr

    tampagtr VIP Member

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    It's also logically indefensible on so many grounds. But modern conservatism is based on grievance, not rational reasoning
     
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  5. swampbabe

    swampbabe GC Hall of Fame

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  6. 96Gatorcise

    96Gatorcise Hurricane Hunter

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    Do you really think forgiving debt will lead to becoming more conservative? Quite the opposite, those that would have benefited would have only been asking for more relief from the govt down the road.
     
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  7. wgbgator

    wgbgator Premium Member

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    I dont know, I see plenty of right-wing lunatics who had their COVID loans forgiven
     
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  8. mdgator05

    mdgator05 Premium Member

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    When people begin to develop substantial capital to protect, they become more conservative, by nature. Making sure that younger people don't do that because older people have successfully screamed how they can't get out of debt (this is the type of debt that can't even be diminished by bankruptcy) is going to make sure that doesn't happen. Keep a substantial debtor population and don't be surprised when they don't care about your low taxes.
     
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  9. antny1

    antny1 GC Hall of Fame

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    "That's different....."
     
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  10. g8trjax

    g8trjax GC Hall of Fame

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    SCOTUS be like...
    [​IMG]
     
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  11. 96Gatorcise

    96Gatorcise Hurricane Hunter

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    I would argue that the majority that put themselves in such deep debt were never going to develop substantial capital in the first place. Because they already lacked fiscal responsibility.
     
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  12. antny1

    antny1 GC Hall of Fame

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    Ridiculously oversimplified
     
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  13. mdgator05

    mdgator05 Premium Member

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    Yeah, a skill people never develop over time. Everybody at 18 is exactly like they are at 36. That is why everybody in their late 30s still goes to drunken parties everyday on the weekend and at least once during the week. Because nobody develops maturity over time and everybody should be saddled with debt with literally no way of getting rid of it.
     
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  14. ThePlayer

    ThePlayer VIP Member

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    • Now the rest of America doesn't have to foot the bill.
     
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  15. 96Gatorcise

    96Gatorcise Hurricane Hunter

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    They saddled themselves with debt. They had a choice.
     
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  16. Gatorhead

    Gatorhead GC Hall of Fame

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    It sickens my heart that conservatives wish to keep education unaffordable and increasingly want to burden youth seeking an education with impossible financial burdens.

    This is nothing but blatant elitism and further proof that the GOP prefers a financial "caste system" designed to destroy the future for ten of millions of Americans.

    National Disgrace.
     
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  17. defensewinschampionships

    defensewinschampionships GC Hall of Fame

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    Tax cuts without corresponding spending cuts = "Republican"
    Increases in taxes that trail far behind increases in spending = "Democrat"

    Result is exactly the same. Compounding national debt.
     
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  18. antny1

    antny1 GC Hall of Fame

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    The football players in college made the same decisions to play a brutal game and accept the consequences and the rewards yet you have plead for them incessantly on the other board. Selective outrage I guess.

    I'm not even for debt forgiveness but you have scoffed at every nuanced discussion about debt restructuring and cost reform in the past so there is no point in carrying on.
     
  19. BLING

    BLING GC Hall of Fame

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    Newtons 3rd law never fails.

    The U.S. will probably be a commie hellhole in 20 years, and we’ll have todays “conservatives” to thank for that failure.
     
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  20. defensewinschampionships

    defensewinschampionships GC Hall of Fame

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    Instead of bailing water out of a boat we could fix the hole first. Maybe we should go after predatory education lenders.
     
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