Student loan cancellation

[LuFins Dad]

Here’s the thing, it’s not going to happen. As soon as he actually signs the Executive Order, Republican Congress Critters are going to file suit, and it will go to the courts where it will inevitably get smacked down.

The questions are:

1. How soon? If it’s smacked down too soon, then the anger will subside before the midterms.

2. Will any D’s in Congress join the Republican suit? This is usurping Congressional powers and responsibilities. And while that happens on a minor scale all of the time, this is a major boundary he is crossing. Even Pelosi is on record as saying he does not have the authority to do this.

[Mik]

Pelosi has already made a statement that there is no way he can do this.

[Horace]

Imagine if Trump subverted Congress for some dictatorial conservative policy.

[jon-nyc]

@Horace said in Student loan cancellation:

Imagine if Trump subverted Congress for some dictatorial conservative policy.

We don’t need to imagine, remembering is sufficient. He got stopped by the courts when he tried to divert defense budget to building his wall.

[Jolly]

Yep.

Wish we had that wall right now...

[Axtremus]

@Jolly said in Student loan cancellation:

Yep.

Wish we had that wall right now...

Had Trump convinced Mexico to pay for it like he promised, he wouldn’t have needed to attempt to divert funds from the defense budget, and the court would not have needed to block him on that ground.

[Jolly]

@Axtremus said in Student loan cancellation:

@Jolly said in Student loan cancellation:

Yep.

Wish we had that wall right now...

Had Trump convinced Mexico to pay for it like he promised, he wouldn’t have needed to attempt to divert funds from the defense budget, and the court would not have needed to block him on that ground.

With Mexico suffering under the onslaught of Californians moving there to escape high prices, along with a huge migration of Central Americans through their country - something they aren't entirely happy with - they might be willing to chip in a few pesos.

Like many things Trump, the major opposition to his policies was because Trump. Now, we currently have over two million illegals in this country, thanks to your hero, The Resident. And more coming every day.
Let's kick the less fortunate among us in the economic teeth, in order to achieve political power.

We can have unfettered illegal immigration, creating a surplus of unskilled workers willing to work for peanuts. And in the process, taking jobs away from citizens. Creating a lack of opportunity and assuring a continuity of dependence on the government dole.

Which, regardless of The Resident's blather, is part of what is needed to keep his party in power. And a knowledge that they'll have those anchor baby votes eventually.

[George K]

And, of course the reactions are EXACTLY what you'd expect.

At first I thought that Tribe was being disingenuous - after all, what Harvard-trained lawyer makes less than $125K?

[Axtremus]

Would it be too inconceivable to think that perhaps Prof. Tribe may have many former students outside of Harvard Law School, or that some of his Harvard Law School students may have chosen to go into public service (e.g., public defenders) or non-profit pursuits (e.g., charitable organizations, community organizing) and do not make much money?

[LuFins Dad]

Even Biden knows he can’t do this…

https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/02/17/remarks-by-president-biden-in-a-cnn-town-hall-with-anderson-cooper/

[89th]

@Axtremus said in Student loan cancellation:

or that some of his Harvard Law School students may have chosen to go into public service (e.g., public defenders) or non-profit pursuits (e.g., charitable organizations, community organizing) and do not make much money?

You mean they made a strategic choice in life regarding how much money they are fine with making while having debt to pay off?

This move does nothing to address the cost of college, is unfair to many, many students, and gave the GOP a very easy layup during debates in 2022 and 2024.

[Axtremus]

@89th said in Student loan cancellation:

This move does nothing to address the cost of college, …

Yeah, Liz and Bernie have some ideas there that Joe and Kyrsten and the entire GOP are not too enthused about.

[Horace]

@Axtremus said in Student loan cancellation:

@89th said in Student loan cancellation:

This move does nothing to address the cost of college, …

Yeah, Liz and Bernie have some ideas there that Joe and Kristen and the entire GOP are not too enthused about.

I bet those ideas do not contain any kernel of truth regarding the uselessness of most degrees and that the fix is not to make them more affordable but rather to stop encouraging their pursuit.

[Axtremus]

@89th said in Student loan cancellation:

You mean they made a strategic choice in life regarding how much money they are fine with making while having debt to pay off?

Yeah, a lot like how some politicians keep making a strategic choice to cut government tax revenues while the the government still having debt to pay off.

Some may indeed be opportunistic, some see public/charitable service as a calling with “low pay” merely an unfortunate side effect of answering the call.

[Axtremus]

@Horace said in Student loan cancellation:

I bet those ideas do not contain any kernel of truth regarding the uselessness of most degrees and that the fix is not to make them more affordable but rather to stop encouraging their pursuit.

Yeah, it would perhaps be nice if those opposing Liz and Bernie’s idea can suggest modifications to exclude “useless degrees”, perhaps even identify what degrees should be encouraged and what should be discouraged.

Don’t forget vocational training/apprenticeships. Wouldn’t be a bad idea to include vocational training/apprenticeship when it comes to loan forgiveness or other policy ideas meant to lower the cost for post-secondary education.

[Mik]

Loan forgiveness is a bad idea period. I don't care what it is for.

[Jolly]

Why doesn't the Whitehouse concentrate on making college and vocational programs more affordable? That would have a larger positive political appeal.

[George K]

Senator Warren defended the loan cancellation saying that providing funds to those in debt would enable them to contribute to the economy.

I'm so old that I remember when that was called "Voodoo Economics."

Go to about 8:20.

Link to video

[Horace]

The irony is that she is an educated economist.

[Jolly]

You know what's going to happen...All those master's degree guys are going to shoot for that PhD...And borrow some more money.