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
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.
It's also logically indefensible on so many grounds. But modern conservatism is based on grievance, not rational reasoning
I don’t remember too many conservatives getting up in arms about Trump’s tax cuts POLITICO analysis: At $2.3 trillion cost, Trump tax cuts leave big gap
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.
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.
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.
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.
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.
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.
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.
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.
Instead of bailing water out of a boat we could fix the hole first. Maybe we should go after predatory education lenders.