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

You have conservative congressmen worth more than $100 million dollars that had their multi million dollar PPP loans forgiven saying that Biden is being unfair to other Americans

 

People misuse that quote the same way they misused 44's statement about immigration reform.

Debt "forgiveness" is an act towards the debtor. Modifying the program under the HEROES Act is a modification of the program. The end result may be largely though not completely the same; there are greater impacts on the debtor. But there is a substantial legal distinction, and the Court is supposed to be making a legal ruling. Roberts understood that. He was lying

 

There are dozens of things that can affect a security clearance. Bankruptcy could potentially, but it's not an automatic disqualifier. There are a ton of things every day people do that could affect security clearance, so that's a pretty weak example. But in any case, there should be some marker if you rack up a bunch of debt you cannot repay and need loans discharged or forgiven, as it go to your credit worthiness.

And I'm sorry, but I don't believe for a second changing the formula to simple interest will sway people from pushing for these loans to be forgiven.

 

Well, you have to give Republicans some credit. At least they’re honest in that they won’t try to buy votes.

 

The decidedly authoritarian and demagoguing Biden admin taking some L’s today.

 

Dunno. But THIS matter was likely ruled correctly in my opinion (and actually I SUPPORT the/a debt relief plan) I just dont think these things should be coming directly from one man with a shakey pen.

 

Several.
Choose a less expensive school
Work and go to school part time
Pay as you go
Take the least amount needed to get your degree/don't take every penny offered
Choose a less costly career path or one with a known return on investment
Don't go to college/self educate/be an entrepreneur

 

For adults who have already been through k-12 and have a knowledge base and understanding on how to learn. Yes. For children who have not been taught those skills. No.

 

Sounds like Biden's plan now could be to raise the zero payment limit from 30k to around 80k.

 

I understand this mindset as I worked my way thru UF and paid off my student loan. Of course my interest rate was only 3% unlike today's much higher rates.

However, the kicker here is that a businessman that knowingly takes out a loan and can't pay it back can declare bankruptcy and walk away, sticking it to the bank, vendors, employees, etc. A student can't easily declare bankruptcy and have the debt forgiven. He/she is saddled with that bad decision.

Seems to me the real problem is not only the bankruptcy laws but the private for profit colleges that prey on 18yr old students, offering worthless degrees at huge prices.

 

Really? Because they wouldn’t take my daughter’s payment

 

I think someone is pulling your leg.

 

LOL at all the off topics. Either ya care about the deficit or ya don’t. Seems to me what you care more about who benefits from the policy as opposed to the cost.

 

That’s a corollary to something I’ve been saying for 30 to 40 years. Republicans are borrow and spend and Democrats are tax and spend. But there’s one thing they have in common: spend.

 

Nope, the interest was paused during relief period. Of course, Rs in the House wanted to take that back

 

Yeah, really affected the Bud distributor I know who took $3 mil in PPP money, got it forgiven, and *checks notes* made $$ during the pandemic

 

Not only is there no standing, Republican SCOTUS again stripped power away from the elected branches because it disagreed with their policy decisions. The statute very clearly authorizes what the Biden administration did. It's not even a close call.
The Supreme Court’s lawless, completely partisan student loans decision, explained

 

Yeah, anyone who says it was the "right ruling" didnt read the statute, clearly gives the power to "waive or modify" loan payments with no caveats. They just didnt like it, and used their made up trump card of 'important questions' or whatever they're calling it.

 

Is that the standard we're going with?

A few welfare queens and throw out the whole program?

 

That's the silliness of this thread. You have people trying to argue in favor of the decision by claiming that they disagree with student loan forgiveness. The question isn't whether you think it is wise policy. Congress and the Executive get to make policy. They're the elected branches. The question is if Congress authorized the Executive to do it, and the statute unequivocally does.

This case is yet another example of Republican SCOTUS thinking it gets to veto Democratic policies it doesn't like. That's not how our government is supposed to work. The Republicans lost the election. The Democrats get to put their policies in place within the parameters authorized by Congress. And there's no honest argument that the statute Congress passed doesn't authorize this.