I agree: student loan forgiveness should never happen. That's because student loans should not be a thing.
this post was submitted on 11 Jan 2025
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As long as private universities exist, there should be a way to help pay.
A better compromise is public universities should be free. My state is going that way but unfortunately there’s an income constraint that I exceed. Oh well, it’s a start
The compromise will have the same effect, as long as the public universities are still properly funded for the influx.
After a decade of that private universities will either close down, downsize or find a way to incorporate themselves into the state. Although Ivy League might be able to whether decades just coasting on the money they have.
Y'all are missing the big lead: this stops ANY regulation that costs over $100m. Which is...a good chunk of them. Just monitoring can cost a huge chunk of cash.
What this is, is the GOP attempting to rip the heart out of specifically OSHA and the FDA.
Military? Surely that's costing more than $100m annually?
Ssssh... If they notice they'll carve out an exception.
Except it's not.
Here is the full text of this fucking bill
It's specifically for the Department of Education and the criteria is OVERLY broad:
'economically significant' ...[means]... "adversely to affect in a material way the economy, a sector of the economy, productivity, competition, jobs, the environment, public health or safety, or State, local, or tribal governments or communities."
On the other hand, the way I read this...the enforcement of student loans could also fall under this act. If people who have student loans come together as a class and sue the government that their loan is "adversely affects the economy", maybe this act could actually make loans illegal?
It only affects the Department of Education.
This country only forgives loans to wealthy people. Look at all those forgiven Covid loans.
This. It makes me absurdly angry. It’s so unfair that people can pull that shit. Students who actually could use this kind of help, are shown we mean nothing. Absolutely nothing.
Crazy how we’ve never had a “Protecting Taxpayers from Auto Industry Bailouts Act”, or banking industry, or PPP loans, or oil subsidies, or industrial farming subsidies, or military contracts, or pharma R&D grants, or…
Also: Why would taxpayers need to “pay for it” anyway?
We print money for literally everything else in this list, but when it comes to student loan forgiveness putting more money in the hands of ordinary people, now we gotta figure out a tax plan to get that money back out?
I’ve got an idea: How about we tax the folks that tend to end up with that extra money anyway? The ultra wealthy!
Fine, if they want to play these games then let's play. Student debt is over $1.6 trillion. If I stopped making payments individually, the ~$40k I borrowed is my problem. If all of us stop paying, it's the government's problem.
Not directly. The moment you make that loan it gets sold to a private loan handler
Yea, my loans have been passed around a few times. The tactic would still work, because there's only a limited number of federally approved student loan debt collectors
Remember all these rich assholes having their PPP loans forgiven? Oh yeah, I guess nobody does.
As if student loan borrowers are also not tax payers.
They are likely to be the hughest taxpayers.
Republicans criticize forgiveness as inflationary and unfair
Just like the predatory student loans they are forgiving?
Are y'all enjoying your cheap eggs yet? /s
The Safeway app says that eggs "may be unavailable". Not being able to buy them is kind of like them being cheap....
You're definitely spending less on them.
Then call it something else, conservatives love doing that. We're not forgiving, we're just unconditionally discharging the loans.
Maybe they'll make the businesses pay back the 757 billion dollars that was forgiven in the paycheck protection program... Not going to hold my breath.
I vote we take the politicians who vote in favor of this bill and shove a molten fire poker up their rectums. They're metaphorically doing that to tons of people, so I'd say it's only fair to physically do it to them, regardless of political party affiliation.
oh both sides are the same and im sure a dem pres and senate and house would do the same /s
I gotta say I'm feeling a little bit better about the election results. They've made it clear they don't intend to do a single thing they talked about, and that it is, was, and always will be 100% about money. So I don't think we really need to worry about WWIII, Gilead, mass deportations and arrests etc, because that would disrupt business and make the billionaires slightly - ever so slightly - less billionairish.
Unfortunately chaos breeds usury. The more fronts the little guys are forced to fight on, the more dilluted their efforts, and the more unified the ruling class can become. The goal is always chaos, obfuscation, distraction, entropy. There are two camps: the social, and the antisocial. While we have to worry about maintaining a functional society, the antisocial are completely unfettered, and free to exploit any and all ambiguities. They are the disease, we are the immune system, and the world is the body. They are unconcerned with killing the body, while we must both fight them, and preserve the body. For this reason we are at a disadvantage. And for this reason they should never be underestimated. Eventually a cough becomes pneumonia, and at a certain age pneumonia is a death sentence.
I believe they are going to raise prices and taxes exactly as they promised.
The GOP really hates the working class.
Just like Jesus would have wanted
Another bill can be passed later overriding it. No legislation can permanently block the actions of subsequent legislators.
Fine, then next time just force default with no penalties. Lemon squeezy.
Too small to not fail
Nothing for students then nothing for Corporations, they are people too. Everyone pays back what they are given.
Lets see how many Democrats vote Yea, shall we?