this post was submitted on 18 Jul 2024
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politics

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[–] LainTrain@lemmy.dbzer0.com 42 points 3 months ago (2 children)

Damn god bless. For being like uhmmm...old I guess and just vaguely unpopular for unspecific reasons Biden's domestic policy has actually been great and really effective at chipping away at the big boys

[–] JoMiran@lemmy.ml 55 points 3 months ago (1 children)

Biden is old and probably on a steep cognitive decline. Who cares? Vote for the administration, not the man. The Biden Administration has proven highly competent. Anybody remember the clown show of s tier morons and fascists we had during the Trump administration? They set this country back decades.

[–] Pregnenolone@lemmy.world 3 points 3 months ago

This is my take. People are so obsessed with the two person race (or the media certainly positions it that way) that they forget that when you get a president, you get their people too.

Remember Ajit Pai? Yeah, people like him are coming back if Trump wins another term.

[–] Sabata11792@ani.social 30 points 3 months ago (2 children)

One day they will draw my name from the hat of forgiveness, right?

[–] lunar17@lemmy.world 8 points 3 months ago

We can hope

[–] spizzat2@lemm.ee 6 points 3 months ago (1 children)
[–] Sabata11792@ani.social 3 points 3 months ago

I may have stored the paperwork next to my hopes and dreams.

[–] ickplant@lemmy.world 27 points 3 months ago

This is great news! I hope one day my loan can get canceled too. I’d really like that $400/month back in my pocket.

[–] Myxomatosis@lemmy.world 15 points 3 months ago* (last edited 3 months ago) (1 children)

Everyone’s student loans should be forgiven. It’s a net benefit for the whole country. If handouts were fine through Pedo Trump’s PPP loan scam, then what’s good for the goose is good for the gander. I know these student loans and the PPP scam aren’t remotely comparable but I’m just pointing out the hypocrisy of the whole situation.

[–] PP_BOY_@lemmy.world 5 points 3 months ago

student loans and the PPP scam aren’t remotely comparable

Both scams, but at least one will improve society once paid off.

[–] homesweethomeMrL@lemmy.world 12 points 3 months ago (1 children)

"Lemmy progressives": Not enough. I shall allow trump to win.

[–] BenchpressMuyDebil@szmer.info 10 points 3 months ago* (last edited 3 months ago) (1 children)

bank puts debt on people

instead of people repaying it, the govt pays the debt

I get that it's only for public servants etc. and after 10 years, but is this not just a state subsidized money funnel to the bank? Shouldn't the root cause of the unrepayable debt be resolved instead of this?

[–] chronicledmonocle@lemmy.world 20 points 3 months ago (3 children)

All of these loans are backed by the US government, not a private bank. Forgiving then is just the government writing it off. The only private entities involved are the borrower and potentially the school.

[–] BenchpressMuyDebil@szmer.info 3 points 3 months ago

Ah, that explains it. Thanks!

[–] oakey66@lemmy.world 2 points 3 months ago

Caveat. The private companies like nelnet and others are servicing the loans on behalf of the government but the loans are government backed.

[–] Omega_Man@lemmy.world 2 points 3 months ago

I've always wondered if there is some way to make a tax argument against these loans. Like they're an illegal tax.

[–] GiddyGap@lemm.ee 4 points 3 months ago (1 children)

Student debt shouldn't even be a thing. Do it like Europe and everyone, individuals and society, benefits.

[–] Entropywins@lemmy.world 2 points 3 months ago

I truly wish but it looks like I'll be spending the next 20-40years fighting for children to get proper k-12 education...

[–] some_guy@lemmy.sdf.org 4 points 3 months ago (1 children)

The courts will roll this back. Trump made sure any progress will be undone for decades.

[–] goferking0@lemmy.sdf.org 1 points 3 months ago

Not for this. It's just using the current laws to forgive what should have already been forgiven.

Which sadly has been the large majority of what's been forgiven