Mine will likely never be eliminated unless it all goes away because I make too much, and that’s totally fine by me. I want as many people to get relief as possible! Public colleges and universities should be free, and student debt should not be a thing. At least not the way it is now.
I feel happy when someone in this position can say this instead of the ol’ “I did it so you should suffer too” to type logic haha
Like you will be paying it off forever? Or unlikely to be forgiven? Because those both suck but one is unacceptable
I think it’s really worth noting that in the end, the most egregious abuse is the usury. Having to pay multiple values of the principle is the trap most people fall into.
Hey, Y’all Qaeda. Why aren’t you focused on that sin against Gaaaaaaawd?
Nobody expected prosperity theology!
You deserve relief too. Maybe not all of it but just because you’re one of the lucky few that won the job lottery. Still, everyone deserves an education, especially those who will use it to their full advantage.
Another guy who won the job lottery here. I agree that in principle we deserve relief, but we should be at the absolute back of the line. We may deserve it, but we don’t need it. A lot of people need it. Those tax dollars are better spent on the less fortunate.
I mean, with that relief he could buy more stuff and help keep employment high, or invest his money in an ethical business to spur more job growth… which is more likely if that poster walks the talk. Regardless, college debt is just economic parasitism.
Biden’s already eliminated a ton of it. I’m glad to see he’s still going on this despite the Supreme Court ruling, and I don’t even have student loans.
I’m not American and have no student loans and even I’m glad he’s doing it. There might be a common stereotype internationally that Americans are fat lazy assholes, but to tell you the truth, the Americans I know or have met have been the absolute nicest people I know. The ones I work with regularly are also crazy hard workers. There’s a lot of potential for good in the US, but oppressive economic systems get in the way for a lot of people and it’s just heartbreaking to see.
I myself would love to live in the US, I’d live a very comfortable life as a software engineer, but I just couldn’t do it to my future children (there’s one well on the way) - the knowledge that they might have to go into debt for medical or education reasons is just too much for me. And while I have a good career, I’ll probably never be truly financially independent to the point I could just handle any unexpected expense regardless of magnitude.
Don’t think of it as either-or. I doubt I will ever retire but if I do it won’t be in the States. I hope my kids go to higher ed and if that happens I am most likely going to push them to go to Germany for it. I have to get dental surgery so the next time I am abroad is when I am going to get it done.
I have a good job and paid mine off already and I’d still vote like hell to get other’s forgiven.
As opposed to the conservative/regressive approach: “I suffered, therefore you should too. Fuck trying to make things better for people who aren’t me.”
I definitely sympathize with people in college debt, but this feels like just temporary wins and doesn’t address the real problems. This won’t solve the overpriced cost of education. Forgive debt now, a new crop of students will just go into debt next, right?
We need universities to be completely free, universal single payer health care, drastically cheaper housing to rent and own, etc.
When someone is having a heart attack you don’t give them a lecture on the importance of diet and exercise.
There is a problem now, solve it. Fix the root cause next.
Also called kicking the can down the road.
If a house starts burning do you try to put it out, or kick the can down the road and let it burn so you can build a new one?
Bad analogy
We let these half measures go through and nothing gets done later because just enough was done to shut the masses up.
Be happy with your bandages. 🤷
Why do you want free universities for degrees that actually give a net benefit?
And the reason housing is so expensive is directly due to government intervention in housing.
You could really use some of that free education because this take is absolutely moronic
because I’m not a piece of shit and want to see my fellow Americans do better. a rising tide lifts all boats.
I am also a piece of shit who thinks good things are good even if someone else gets a bit more good than I get.
How does useless degrees lift all boats?
Wow TIL all degrees are useless.
What’d you get your degree in? Maybe you got a useless one.
Where did I say all degrees are useless? I got my degrees in engineering and science.
Dude you must think they get their degrees in feminist dance or some boogeyman degree. News flash you want some people to get good jobs with that “useless” feminist dance degree. Because if not, they’re going to crowd into degrees like engineering and greater numbers of engineering grads creates greater competition for engineering jobs… which drives down the pay that most engineers get, plus it reduces the odds of actually getting a starter engineering job. Supply & demand.
Signed, 100% NOT a feminist.
The market pretty much tells us what are useful and useless degrees. The issue with your theory is that people do crowd into engineering and then the joke is after they fail they do business.
And the reason housing is so expensive is directly due to government intervention in housing.
Fuck off you conservative dipshit, try your incredibly wrong talking points somewhere people aren’t gonna see right through it
While it is certainly not the only reason, government intervention via zoning laws is definitely a factor in the house crisis. If mixed use zoning was more universally a thing, then that would be the government not intervening in the housing market.
It’s even more so due to the ultra-low interest rates that were the “temporary” “solution” to the post 2008 crash recession (only they weren’t all that temporary and didn’t really solve the problem, more pushed it along).
There is a lot of info out there about how such monetary policy pushed money up the yield-scale out of Treasuries and Bonds and into things like Stocks and Realestate.
Another point is the wealth concentration we’re seeing: as a bigger and bigger fraction of GDP ends up in the hands of the already very wealthy the fraction of GDP that’s seeking investment opportunities (rather than being spent: poorer people spend all or most of their income, whilst rich people spend but a tiny fraction and the rest they invest) exploded and all that has to go somewhere and Realestate is perceived as safe (especially if governments will do all they can to not let prices fall) and has a lot more yield than treasuries.
This shit goes all the way back to Obama, and was just as much pushed by Republicans as by Democracts.
Oh please. None of that even PALES in comparison to the outright supply crunch being caused by housing investors. It doesn’t even compare to the damage being done by the rampant construction of expensive luxury/multifamily homes.
It explains why there are so many house investors now when there were way less about a decade or so ago.
It also explains the record-setting stockmarket valuations even though most people feel things have gone backwards.
And that’s absolutely not what they mean
Care to explain the logic behind the housing comment?
Sure, in short housing is too difficult and too expensive to build to keep up with demand. All this is due to government requirements on housing which adds over $100k on average per single family house, as well as it just being a general headeache. And this doesnt even get into the currency manipulation issue.
What requirements though?
And the government doesn’t control monetary policy, so can you expand on that too?
There are probably 1000 different requirements for each small town and then add the state and national ones to that. The requirements will be things like getting an engineering report if you remove more than 10 yards of dirt, or add a roof element that makes the house look good.
The government does control the supply of money via the Federal Reserve. If you are interested I can tell you how it directly makes the rich richer and takes the wealth of the middle class and poor.
waaaaaaa regulation makes stuff more expensive to do, get rid of it so we can make money at the expense of the ppooooooooorrrrrrssss
Classic conservative
The fed is independent. If you’d like, I can give you a primer on how that works
That’s 100 percent, certified bullshit.
Government could fix housing SUPER fast. Tax rental payments on single-family homes at 100% to make SFR build-to-rent impossible.
Sorry dude, but that is not how that works.
I work in municipal development.
100% of new single-family developments approaching the city over the last 2 years have been for build-to-rent exclusively. The existing SFR homes are being bought up at massively inflated prices to convert them into rentals.
The only reliable way to buy a home for your family to live in within 50 miles of the city is to buy empty land and have a custom million+ dollar house built, because the existing inventory is being grabbed up by rental investors and new inventory isn’t even being made available for sale.
I agree but that would require Congress to do something. Trying to accomplish this through executive actions alone might not actually work, but it at least shows voters clearly which party is willing to take action on this issue, and hopefully we will end up with a Congress that is more in line with the will of the people.
I think this might be my key takeaway. He is wiling to address exactly this problem and might continue in the future. Even if you don’t benefit from it, it shows a clear path he is willing to take.
I will maybe purchase a home before I’m dead. I don’t have a useless degree. In fact, it’s an in-demand field and the salary was considered respectable when I began. Cost of living increases have eaten away at that. But my other choice was to continue to be an assistant at poverty wage. So when the higher salaries and specialties are gatekept by a huge monetary sum you either get a bunch of people with some debt or only the privileged may access knowledge and a brighter future. We have to decide as a society which one we want and stop loathing our neighbors for the system they didn’t create.
Try harder if you want to win a second term. Your liberal base doesn’t show up and you lose.
I am totally for free college. If we can’t agree on that, the price should at least be capped or seriously reduced. It seems kind of convienient that the topic is coming up again in an election year. The problem is that both parties are beholden to the military industrial complex. With military recruitment at an all time low, they can’t afford to just “give it away” (give it away, give it away, give it away now). The Rethuglicans will use their bullshit “bootstrap” argument, because they only give a shit about a problem when it affects them directly. The Demohypocrites will wring their hands and pretend to try to do something while ceding ground to Repubs so they can make a show of it. It’s the corporations that own both parties, and nothing is going to change until we kick these entrenched douchebags out on their asses.
Also, look how easy it is for Congress and POTUS to approve billions for war in Ukraine and billions in money and weapons to keep the genocide in Israel going (with all of the afforementioned hand-wringing, of course).
Good. Keep taking advantage of those loopholes.
I don’t know how many times exactly the Republicans have tried to repeal Obamacare but it’s at least 70, so yeah I have no problem with Biden hammering on this issue for as long as it takes to get it done.
Trying is not enough sir
He’s also wiping out tens of thousands of women and children in Palestine.
If Democrats were as persistent in pursuing the policies they claim they support as Biden has been about this issue (and only this issue), we would have a living wage nationwide and universal healthcare.
Democrats are not a monolith. They are a mix of progressives, liberals, and common sense conservatives.
The party holds socialists as well, although you guys do treat us more as hostages sometimes, lol.
I see socialists as a subset of progressives. And you’re not wrong. I wish the the two parties were progressives (including socialists) and liberals instead of normies and crazies.
Their results indicate that they are sufficiently monolithic that my comment holds true.
If it was a monolith, we’d have abortion rights federally and a livable minimum wage. Conservative Democrats have blocked a lot of that shit over the last 30 years. Not to mention that we’d have a much more progressive inflation reduction act. And do you not remember the whole Obama care fiasco?
I’m sorry you don’t actually pay attention to politics. But maybe you should educate yourself instead of just getting angry at headlines.
Democrats always find enough no votes.
Conservative Democrats are the monolith.
We might literally have no more conservative Democrats in the Senate for the first time maybe ever. But go on with your deep state conspiracy theories. I’m sure you’ll be happy when the Republicans win again.
There are always just enough conservative Democrats. They are the party.
This “everyone to my left is all the way to my right” shit is old. Do better.
I didn’t say you were to the right. But you’re supporting them with your bullshit. Do better.
Lmfao
Edit: it’s funny cuz it sounds familiar, hope he does but we’ll see
Its not quite the right context yet, but I made this just in case.
Clearly Biden has an infinite money supply and could go around Congress at any moment. Why doesn’t he just pay for all of it?
I don’t even get the logic here
Why is this college tuition money so hard for Biden to obtain when he is currently going over the head of a different branch of government to get large amounts of money. What’s stopping him in this specific case? What works in the other case?
Not sure what you’re getting at. when did he go outside of the legislative branch to get money?
“Try.”
You’d rather he doesn’t?
I’d rather he not get credit for things he over-promises on and under-delivers.
Good. So you’re fine with what he’s doing. He promised exactly what he did. The supreme court killed his original plan which he did try to execute, so that’s on the court, not him.
Democrats “try” all sorts of shit they know has no chance of succeeding and then fumble golden opportunities. Joe Biden is a politician and a trash human being. He created the student debt problem.
Well, he has been very successful at it so far. Why doubt him this time around?
Because it’s easier to rag on Biden than it is to actually educate oneself on what’s been accomplished.
For me it’s a case of “I’ll believe it when I see it.” Not ragging on Biden, I believe he’s earnest in his desire to do something about student loan debt, but it’s all the road blocks that are put in his way. A lot of people don’t want student loan debt relief for whatever reason.
That’s fair. I have experienced it 2nd hand through my wife, so I am believing it because I’ve seen it. That was a massive relief after she had faithfully paid her loan for 20 years, but due to dishonest loan advisers and refinancers, she was exactly one of the victims that John Oliver made an episode about.
Biden fixed it and forgave her loan, which was still substantial after 20 years.
Hey man, I’m happy for her. Sometimes things do work out. But again, until that balance is reduced through something other than my paycheck, I won’t hold my breath
Yeah, my ex is still paying hers after 20 years, but does not fit any of the categories Biden has been able to help. We expect her to finally pay it off in the next couple of years without help.
Of course we’re all for as many people as possible being helped, even if it’s not her.
The problem is when it happens no one ever sees it.
Biden does all kinds of good stuff and the media ignores it.
Yeah, agreed. The Biden administration isn’t great at banging it’s chest and boasting. Take out a full page and in the NYT kind of stuff.
The headline: “Biden passes new round of student loan forgiveness!”
The article: “Asian American rail workers earning between $5000 and $7000 per year, who are veterans of the Vietnam War and are currently experiencing homelessness, will now have their student loans forgiven under Biden’s new sweeping legislation.”
Making poor financial decisions should not be rewarded.
We pressure teenagers as soon as they are old enough to take on debt to take a huge predatory loan, in a system where teaching personal finance is not a requirement of the education system. We tell kids growing up that their lives will be miserable if they don’t go to college, and make them feel that there is no other rational choice but to take on debt.
The government backs this system that prohibits bankruptcy and traps young people in extreme debt before their adult lives have even begun, all so that lenders can make fortunes off of interest payments - lenders that include the government itself.
So, yes, you’re right, terrible economic decisions like that should not be rewarded. Borrowers should be forgiven 100% and the lenders who created this mess should be kicked to the curb.
Where is the utility in keeping people in a never ending cycle of student loan debt?
It does suck, but people who go to college know how much they’re going to pay. If anything, they should consider starting at a community college. Specialized schools (e.g. nursing schools, pilot school, etc.) often come with higher costs, but people need to weigh the potential benefits against the expenses. Community colleges offer more affordable options for foundational coursework before transferring to a specialized school if needed. Also, a significant portion of students already recieve some form of financial aid.
JUST DO IT!
DON’T LET YOUR DREAMS BE DREAMS!
DO IT!
The only thing standing in his way in previous attempts was the Republicans.
