folks AGREED to the contracts for the loans to pay them off- noone who went through college to get degrees, or who flunked out or whatever ‘deserves’ to be relieved of their contract obligations anymore so than others deserve to have their bank debts relieved because they are having trouble paying them back- or have their car payments nullified, or whatever-
Biden is sending the message that contracts don’t matter-
“contracts don’t matter”
They certainly don’t. Look at the eviction moratoriums that continue to this day in BLUE cities.
The “contracts” message you write about is only picked up by people like you who understand the real world.
Xiden is sending a different message. The demonkkraps aren’t sure the fraud and rigging machine can overcome the MAGA base
- therefore I am buying your votes with public money. [I] can’t pay off the full amount because [we] may need to buy some more votes with student loan $$$ in ‘24.
This is Xiden’s version of “Big Bleepin’ Deal” Obamacare.
Both were UTEP two steps.
Obamacare step 1: Legislature claims the financial penalty for not obtaining health insurance is not a new tax but a penalty, (valid under the Commerce Clause), in order to obtain the political support necessary to get the bill passed.
Obamacare step 2: Judiciary declares that the financial penalty for not obtaining health insurance to not actually be penalty under the Commerce Clause (because that would be blatantly unconstitutional), but a new tax, valid under the taxing power.
Xiden Student Loan Vote-Purchase Scam Step 1: Years ago, under Obama, federalize student loans, ostensibly to ensure that any student can get one and win’t be turned down for being a bad credit risk.
Xiden Student Loan Vote-Purchase Scam Step 2: Use an accounting entry typically only validly used to write off bad debt to write off 10k-20k of debt indiscriminately, regardless of whether or not the debt is bad debt.