Current Events > The Supreme Court student loan forgiveness decision is tomorrow

(+) Yeah! (+)

BunkerBoy posted...

Also it's hilarious that a guy named "John_Galt" is crying about handouts when his idol Ayn Rand was on government assistance til she died

Nobody ever accused objectivists of having the capability for intelligent thought

https://twitter.com/thetruevanguard/status/1674801449924980736?s=46&t=RIgg7MxCuMBQaInBBisyMQ

John_Galt posted...

Biden does not have that authority, end of story

Actually according to a majority of the legitimate Supreme Court justices, he does have that authority

If I can starve while I pay back my student loans, so can you.

Unless the Government plans to reimburse all of us that paid back our loans.

[LFAQs-redacted-quote]


No. I was giving an example of the Supreme Court being progressive. It seems regressive now since conservatives control it but like I said in that post they were liberal at one point and had progressive rulings.

BlueTigerLion posted...

No. I was giving an example of the Supreme Court being progressive. It seems regressive now since conservatives control it but like I said in that post they were liberal at one point and had progressive rulings.

Because liberal is the correct and intelligent direction to go, ESPECIALLY American liberal. Republicans have no place acting in the government.

Will_VIIII posted...

Note that he continues to ignore the PPP loan forgiveness

PPP forgiveness was baked right into the law, that congress passed.
https://www.congress.gov/bill/116th-congress/house-bill/7010/text

Questionmarktarius posted...

PPP forgiveness was baked right into the law, that congress passed.
https://www.congress.gov/bill/116th-congress/house-bill/7010/text

Right. A republican Congress which had members take the loans and get them forgiven on rr taxpayer's dime. While crying about student loan forgiveness at the same time.

Questionmarktarius posted...

PPP forgiveness was baked right into the law, that congress passed.
https://www.congress.gov/bill/116th-congress/house-bill/7010/text

The whole "oh but congress authorized the funds" direction is just bullshit avoidance.

Because congress already shut down student loan forgiveness. So now, you're in the same place as before, but you need to explain why congress thinks business loan forgiveness is lawful and good and student loan forgiveness is unlawful and bad, rather than the court.

Same fucking conversation.

UnholyMudcrab posted...

Nobody ever accused objectivists of having the capability for intelligent thought

Neither they or rugged individualists were capable.

COVxy posted...

The whole "oh but congress authorized the funds" direction is just bullshit avoidance.

Yes. Yes it is.
However, that's the way this works.

Hmm according to twitter Biden can still use the Higher Education Act in order to cancel all student loans. Im not sure if that is legit.

jasten posted...

That was wrong too. Bail outs are stupid, period.

You do realise taxes is where it comes from, right?

A lot of things come from taxes.

More things should come from taxes.

This also feels like SCOTUS did not learn from last year and wants to continue to find out after they **** around.

Iodine posted...

Hmm according to twitter Biden can still use the Higher Education Act in order to cancel all student loans.

So... another two years or so of carrot-dangling while the courts fight about it, huh?

Iodine posted...

Hmm according to twitter Biden can still use the Higher Education Act in order to cancel all student loans. Im not sure if that is legit.

Well if Twitter said it

Takuya_Lee posted...

This also feels like SCOTUS did not learn from last year and wants to continue to find out after they **** around.

Are you suggesting they should make decisions based on electoral politics and not an honest reading of the law?

Questionmarktarius posted...

So... another two years or so of carrot-dangling while the courts fight about it, huh?

Yeah realistically that would also get struck down by the Supreme Court, but progressives are strongly insisting this plan would work so I dunno.

Time to pay free loaders.

Something this impactful should be authorized by Congress, not a president acting like a dictator.

Why not meet in the middle and do a complete interest forgiveness?

Principal should be paid back, people got the service after all, went to school etc. But the interest is predatory and the part that usually fucks people over the most

BunkerBoy posted...

Why not meet in the middle and do a complete interest forgiveness?

Principal should be paid back, people got the service after all, went to school etc. But the interest is predatory and the part that usually fucks people over the most

^ I'd support this btw.

BunkerBoy posted...

Why not meet in the middle and do a complete interest forgiveness?

Principal should be paid back, people got the service after all, went to school etc. But the interest is predatory and the part that usually fucks people over the most

That was part of the original plan, not sure if it was s separate thing or not, but originally it was 10-20k forgiveness and a no interest payment plan based on income.

Iodine posted...

Hmm according to twitter Biden can still use the Higher Education Act in order to cancel all student loans. Im not sure if that is legit.

Why not do that in the first place

littlebro07 posted...

Why not do that in the first place

It takes longer:
https://www.bloomberg.com/news/articles/2023-06-26/student-loan-relief-backers-warn-biden-failure-isn-t-an-option

But this alternative strategy advocates are coalescing around would be time-consuming and could easily delay any relief until after the 2024 election, Jed Shugerman, a law professor at Fordham University, said. The Higher Education Act requires a lengthy rule-making process that could take about a year and then after that litigation by opponents would likely drag things out longer, he said

littlebro07 posted...

Why not do that in the first place

Biden wasn't in favor on student loan forgiveness in the first place but realized he had to do the bare minimum at least. He was hoping that $10-20k in relief would be low enough for the courts to accept.

Questionmarktarius posted...

So... another two years or so of carrot-dangling while the courts fight about it, huh?

It's not carrot dangling. If you want the changes he is pushing for, he needs the numbers in Congress to actually do it.

Meaning people have to get off their asses and go vote with a firm understanding of how the government actually works.

Meaning you can't ignorantly think, because you voted one or two times that magically that changes how government actually works. Then whine Dems didn't deliver on the impossible with the numbers in Congress they have.

Problem is many don't understand how the United States Government works and get mad when it's pointed out just how much they don't understand with their roundabout "both sides the same" logic.

Same goes for the ones who ignorantly thought Dems had solid numbers to pass whatever they wanted last Congress.

knightmere122 posted...

Time to pay free loaders.

Something this impactful should be authorized by Congress, not a president acting like a dictator.

How do you feel about the PPP loan forgiveness

BunkerBoy posted...

Why not meet in the middle and do a complete interest forgiveness?

Principal should be paid back, people got the service after all, went to school etc. But the interest is predatory and the part that usually fucks people over the most

Problem with this is it would require the current GOP to not be the current GOP.

Will_VIIII posted...

How do you feel about the PPP loan forgiveness

Hes not American so he probably never heard about that.

[LFAQs-redacted-quote]


Yes. See, we can agree.

SaikyoStyle posted...

Hes not American so he probably never heard about that.

Ah right, he's Gradieus

[LFAQs-redacted-quote]

Yup, Biden is nowhere near a dictator. He's an awful person and an awful leader, but that's about it. Desantis and Trump would both be so much worse.

Hopefully Democrats use this in the next election

This disproportionately hurts young people, who tend to not vote as much. Point out that Republicans have fucked them over and say they could have had an extra 20k in their pockets if Trump hadn't won 2016

Get them fired up

knightmere122 posted...

Time to pay free loaders.

Something this impactful should be authorized by Congress, not a president acting like a dictator.

How many dictators are you aware of that give billions of dollars to ordinary citizens?

knightmere122 posted...

Time to pay free loaders.

Something this impactful should be authorized by Congress, not a president acting like a dictator.

I mean, when I finish my degree this fall (while working full time mind you), even either debt forgiveness I'd still be paying back like, $30,000.

[LFAQs-redacted-quote]

Back in the 90s Biden gave a passionate speech against a bill that would restrict appeal attempts and make it FAR harder for innocent people to get convictions overturned, and time has proved him right.

Biden proceeded to vote in favor of the bill.

Biden has a history of being an awful hypocrite. He's better than the alternatives but NOT someone anyone should support.

ChainsawFerret posted...

My message to the SCotUS is a very simple one:

Christcracker fascists, go fuck yourselves. And to their enablers, fuck you too. Including the ones here.

TIL: Having to repay a loan you voluntarily took out and agreed to repay = FasCiSm

Thud posted...

TIL: Having to repay a loan you voluntarily took out and agreed to repay = FasCiSm

Failing to protect citizens from blatant predatory loans because "oh it would hurt the colleges" is fascism.

FYI, congress actually did introduce a bill in 2021 that would explicitly have allowed Biden to forgive student loans. It got no sponsors and has been sitting in committee ever since:

https://www.congress.gov/bill/117th-congress/house-bill/4797

This bill establishes a program to discharge certain federal student loan debt.
Specifically, the bill requires the Department of Education (ED) to automatically discharge (i.e., repay or cancel) up to $50,000 of outstanding student loan debt for each borrower. Members of Congress are not eligible to receive loan discharges.

Further, the bill outlines the method of loan discharge and excludes the loan discharges from taxable income.

In addition, the bill requires ED to automatically place each federal student loan borrower in administrative forbearance for the one-year period in which ED carries out the discharge of student loans. During this period, payments are not due, interest does not accrue, and ED may not pursue debt collection activities (e.g., wage garnishments).

RuneterranSnap posted...

Failing to protect citizens from blatant predatory loans because "oh it would hurt the colleges" is fascism.

It's adorable you folks continue to pretend people choosing to take these loans have no idea how they work or what they mean.

I can't believe we got 10-20k stolen from us, but nothing is even going to happen because our brains are too wired to have so little attention span that we will forget to do anything.

I'm starting to see the truth about how the governments of the world weaponized YouTube and now TikTok against us to make us weak and easy to control.

It's over.

Student loan forgiveness got explictly discussed and removed from recent bills because of republican and essentially republican except in name politicians stonewalled it.

No reason to lie and pretend like it's never seriously been considered congressionally.

PiOverlord posted...

I can't believe we got 10-20k stolen from us, but nothing is even going to happen because our brains are too wired to have so little attention span that we will forget to do anything.

I'm starting to see the truth about how the governments of the world weaponized YouTube and now TikTok against us to make us weak and easy to control.

It's over.

You willingly took the loan that isnt stealing.

If education loans really are an "investment in the future", the better idea would be to lock interest at 0% forever.
Maybe even credit interest already paid. Technically, you can deduct it from your taxes, but at "went to a state college" debt-levels, it's usually a worse deal than just taking the standard deduction.

why is it controversial to pay back loans you took out. I still have to pay off my mortgage. Mortgage forgiveness when.

Thud posted...

TIL: Having to repay a loan you voluntarily took out and agreed to repay = FasCiSm

Weird how the "Fuck you, I got mine" crowd demands that people pay back student loans but has jack shit to say about PPP loans, bank and business bailouts, etc that never get paid back by the rich.

Why do liars insist on lying?