Subsidize irresponsible conduct.
Biden was winging it and knew that it might be challenged. But it served his purpose to convince voters with school debt to vote for him so “time to move on.”
These loans don’t disappear - the debts are passed along to others who are unwittingly required to pay them off for the kiddies in the form of higher taxes, etc.
What does he care? The suckers bought it.
Why doesn’t he just propose legislation? He still has the house and the Senate. He said it passed with two votes, already.
I don’t understand this. It was voted on and passed. He said it was!
The solution is simple, and I’m surprised Biden hasn’t thought of it. Enroll all student debtors into the Ukrainian Army (just on paper).
Presto! They are now eligible for a slice of the money we’re pouring into Ukraine.
Bankruptcy is the obvious solution for those who can’t pay their debts. There’s no reason student loans shouldn’t be eligible for bankruptcy. My guess, that would require legislation.
Well the free stuffocrats already voted for the carrot on a stick so so he can just keep it right I front to use for dem purposes.
It’s the same people whose children are dying of drugs and crime voting for the more drugs n crime crowd.
The problem with the DOJ announcing plans to allow individuals to discharge their federal student loans is that the current law says these can only be discharged if the student can prove an “undue hardship” from having to pay these loans - period! So, instead of changing the law, the DOJ is going to redefine what “undue hardship” means!
Oh my God! These students are down to only being able to afford TWO Starbucks lattes a week! This is an OBVIOUS “undue hardship” for them, and they should be forgiven their student loans!!
The DOJ trying to circumvent or otherwise navigate around the LAW should be disconcerting to everyone with a single brain cell who understands what “the rule of law” means! And if they understand that, then they KNOW this is blatantly UNCONSTITUTIONAL...just like the original Presidential Edict!!
The headline is misleading...Biden is doing this for image purposes...it’s all smoke and mirrors for them.
Usually, one of the big differences between biden and trump is that the lower courts pound trump, but then he wins in the higher courts. For biden it seems to be the opposite.
But the point is that, in the end, Trump usually won and biden usually loses.
2) a new process in which individuals can seek to discharge their federal student loans in bankruptcy.
Biden struggles to remember who he is
Just slap a 10% annual tax on endowments’ income, and retire the tax when the loans have been paid off. It would take centuries to achieve that, but it would be a shot across the bow at those universities.
Who pays for my student loans that I paid off responsibly? Oh thats right, I went to a trade school and paid them off while I was working in a needed field.
Sh!t, I knew I should have gotten a $200k Masters in “transgender underwater basket weaving studies” degree.
My career path would have been complete, to heck with industrial automation, who needs that, when there are non binary conforming baskets needed to be woven!
I read an article last night saying that the Feddies have already started sending out tuition reparation checks to the Generation Zero College Snowflake Dropouts. Anybody know what the truth is. This was in the “media”.
Great idea.
In exchange for a manageable debt, offer the poorly educated saps the opportunity to destroy ALL their credit ratings and to be able to answer the common question “Have you ever declared bankruptcy?” in the positive. Forever.
Sheesh!
Kind of a trend in the Biden Administration.
Wouldn’t congress have to pass a bill allowing student loan debt to be discharged in bankruptcy. And s it even legal to bankrupt a debt to the US government, which these student loans are, if IRC.