Most people in debt don't even have art degrees, it's a made up argument to admonish people trying to do better for themselves and family in an unstable economy and job market that doesn't have the same level of security our parents and grandparents did.
Let people mald that the middle class and under aren't being fucked this time. It's about gatekeeping and hording resources their ancestors earned for them. Not anything worth acknowledging. Because all those doctors, teachers, and nurses buried in miserable hours and lower wages than 10yrs ago are totally baristas with rainbow hair. Just dumb.
Last edited by Rozz; 2022-08-26 at 05:09 AM.
Moderator of the General Off-Topic, Politics, Lore, and RP Forums
"If you have any concerns, let me know via PM. I'll do my best to assist you."
RIP Genn Greymane, Permabanned on 8.22.18
Your name will carry on through generations, and will never be forgotten.
So, I've been keeping an eye out on discussions about how a lawsuit to block this EO by SCOTUS might play out. So far, it looks like an uphill battle for the following reasons.
1- Not many people have standing to sue and prove harm.
The people best to have standing for a lawsuit are loan servicers who could argue that loan forgiveness will result in lower profits since they're paid a portion of money collected. But does a loan servicer want to risk contract problems in the future?
Outside of loan servicers, regular people and even Congress don't have much grounds to sue because they're not actually harmed by this. However, depending on the partisan judge where the lawsuit is brought up, this might not matter.
2- A Republican effort to block this EO could end up being a poison pill.
Despite all the cries from the Republicans right now how unfair this is to the working class, there is a big elephant in the room. This isn't targeted at Democrats. There are plenty of Republicans who will be eligible for $10k - $20k in student loan debt relief. A Republican effort to block this EO could result in some Republicans left with a sour taste in their mouth come midterms in November.
3- This will piss of Democrats even more.
Again, we're approaching midterms and this will help galvanized Democrats even further, if Republicans can get SCOTUS to block this.
Whatever happens, happens at this point.
The fact we haven't seen a lawsuit creep up yet does give me some hope that this will end up going through.
Secret Service gets another $286 million back from COVID scams, raising the total to $1.4 billion.
*me does Nelson Laugh*
Cosplay LEftists grifters also dragged in the PPP info dump. What a Friday.
Honestly, he should be paying $20k in penalties to the estate of John Rawls.
Government Affiliated Snark
Bravo! Can’t help but feel like it’s a drop in the bucket though.
- - - Updated - - -
Because people making $125,000 a year need $10,000? They make that in a month. Forget the red herring arguments about art degrees or ppp loans (i.e. please-don’t-fire-your-employees-even-though-you’re-in-the-red-because-we-forced-you-to-shut-down loans), the logistics of this as presented are just dumb. Timing is pretty terrible too unless say, you’re trying to bribe your voters to come out ahead of a midterm election that doesn’t look great for you…
If we weren’t just coming off the back of record high public spending the past few years contributing to inflation levels not seen in the lifetimes of a lot of the posters on this forum, I might be more inclined to go along with it even if it is just a massive one time band-aid that doesn’t address past or future borrowers. As is, right now it’s displaying an incredible lack of foresight beyond 2 months into the future.
Because most Americans don't make 6 figures and many people with ideal degrees don't get jobs that pay that much. If you want or need a masters or PhD for your job, unless you're already employed and your company pays for it for you-- you're going to end up with debt higher than or even double or triple than the salary you listed. There are people with 'cushy jobs' who are still paying off debt.
And if you have a mortgage, car payments, and other types of loan payments on top of regular bills and necessities. Or a family. Yes, even 5k wiped off helps considerably for your immediate expenses when things have been very tight these last 3 years for many Americans.
The point is that this is clearly a bandaid that is hopefully the first step in addressing the issues with the cost of American Higher Education and addressing what types of loans it makes sense to expose teenagers or poorly informed families to. Atm it benefits the poor the most, but honestly if you have so much money your student loans don't concern you a bit--- but you're against this process because it doesn't benefit you (the wealthy) as much as it does the poor or less fortunate--- that's just a personal problem.
I have only seen economic concerns as the more legitimate of arguments, but I take them with a grain of salt because economics is at its strongest when evaluating current or past trends. Not the future. Might as well shake an 8 ball with educated guesses.
Last edited by Rozz; 2022-08-26 at 06:46 PM.
Moderator of the General Off-Topic, Politics, Lore, and RP Forums
"If you have any concerns, let me know via PM. I'll do my best to assist you."
No denials there at all (although I’m not sure I see your reasoning about how Trump’s handling specifically necessitated increased public spending as a result), there were two big stimulus bills under Trump, one under Biden, as well as continued quantitative easing by the Fed.
I don’t think an implementation of student debt forgiveness is a bad idea. I think this implementation (by EO no less) is a bad idea and terrible timing.
Moderator of the General Off-Topic, Politics, Lore, and RP Forums
"If you have any concerns, let me know via PM. I'll do my best to assist you."
In two months the last thing most voters will be thinking about is loan forgiveness. I'd be shocked if they even remember it happening a few weeks from now.
Which might be an appropriate analogy until you remember New York and California exist. Promise you, unless we pulled China level lock-downs (which are still on-going in places) there was no stopping this. Literally nobody leaves their house anywhere for any reason. Trump didn’t do that because the president doesn’t have the power to do that and nor would Americans historically want the president to have that power.
- - - Updated - - -
I say just wipe out the interest for starters. Maybe lenders get a 1-time up front fee?
Sorry, but it wasn't an Executive Order. The family trust might want a refund for expensive degrees that did not include reading comprehension.
I would never think how to make Joe Biden look this cool in forever, and Ben Shapiro just... tweeted it out.
Title: Diamond Joe Makin' it Rain
I don't know if people had actual concern for art students, or were using unimaginative clichés.
But if you know of anyone was scammed by the Art Institute, they most likely eligible for complete forgiveness. Thanks to action by the Administration against predatory schools like ITT, DeVry, etc.
Even if a school isn't on the list. Anyone can present their case for borrower defense..
Last edited by Milchshake; 2022-08-26 at 08:31 PM.
Government Affiliated Snark