Start?
He forgave a little over $150 billion so far
Mainly through fixes to long-troubled loan relief initiatives, the Biden administration has now approved nearly $169 billion in loan forgiveness for roughly 4.8 million people.
Its new plan is expected to reach at least 25 million more people.
Most of his reform so far has focused more on making the current paths that existed more obtainable, ex: public service loan forgiveness. So he has made student loan forgiveness where you meet specific qualifications much better, which is very helpful, but not everyone qualifies.
Blanket student loan forgiveness hasn’t happened, because it was successfully blocked by the Republicans (after like 4 attempts). I assume this is referring to blanket forgiveness.
Could be wrong on all this, if anyone spots something incorrect just say it.
He should just declare it an official act, then it’s immune to prosecution
But the courts can still block it no?
Heard that before.
He’s been trying and the courts have been blocking it.
CNBC - News Source Context (Click to view Full Report)
Information for CNBC:
MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
Wikipedia about this sourceSearch topics on Ground.News
https://www.cnbc.com/2024/09/03/biden-may-start-forgiving-student-debt-next-month-.html
I’ll vote for the D if you get mine forgiven.
Why wait?
Bureaucracy takes time, unfortunately.
If they can take lessons learned and come up with a new package that even the current Supreme Court can’t strike down with that extra time, so much the better. (Sadly, I suspect that the current SC will just throw out jurisprudence entirely and give unsound decision after unsound decision to stop this, but if there’s a one in a million chance that they can find a line that even the current SC wouldn’t cross to stop this…)
Bureaucracy takes time, unfortunately.
Unless Bibi wants more weapons.
Oh look, a single issue broken record
If you don’t like me pointing out how priorities get fast tracked while things that aren’t priorities get slow walked, oh well.
Correct. There are more things going on than the one single thing you care about.
Yes, and the single issue you want silence on isn’t going away.
If shouldn’t be silenced. Never said that.
There are more things happening in the world though.
Unless literal congressional action and 3/4 of a century of foreign policy mandate otherwise… but keep going back that far for grievances…
He circumvented congress and is ignoring the Leahy Law. And “that’s the way we’ve always done it” is only a convincing argument to those that like what maintaining the status quo accomplishes in Gaza.
He started forgiving student loan debt in August of 2022. The Republican Supreme Court keeps blocking him.
The vast majority of that should have been forgiven years or decades ago under existing programs…
It’s just they put loan servicers in charge of the loan forgiveness programs, so they were intentionally understaffed and prone to errors.
When people hold up dollar amounts like Biden is doing a lot, that number is inflated by fraudulent interest Biden is just paying with our tax money.
Is it better than him ignoring the problem like Obama and trump? Sure.
But he’s literally doing the bare minimum of enforcing programs that have existed for decades, and drastically overpaying meaning for the same dollar amount, more people should be getting loan forgiveness.
It sounds great if you only read headlines tho…
The Republican Supreme Court keeps blocking him.
And if Hillary’s primary campaign hadn’t taken over the DNC, we’d be coming out of Bernie’s second term with the most progressive SC in history.
Making excuses for Biden always just ends up arguing against moderate politicians like Biden. It’s their fault we’re in this shitty situation to begin with
Kinda surprised you didn’t delete this.
Why?
I stand by what I said even tho it’s unpopular:
It’s better than nothing, but nothing to brag about.
And we’re giving the companies that fraudulently refused to process forgiveness the extra illegal interest they’ve been charging.
It only sounds like Biden is accomplishing great things if you don’t know the details and just listen to headlines…
Which is what we give trump supporters shit for.
So you don’t want any student loans debt forgiveness at all, is what you’re saying.
Nice try. Back to the drawing board.
Hey, neat! It’s a couple of talking points.
When people hold up dollar amounts like Biden is doing a lot, that number is inflated by fraudulent interest
“They are lying to you about numbers, don’t pay attention to the numbers! Just in general; no numbers. Pay attention to my vague, inflated, ever-shifting claims, instead.”
Biden is just paying with our tax money.
“This politician is spending our money!” (mostly this one is emotional impact – it is true that practically everything the government does is spending people’s tax dollars, but suggesting that some specific thing is them spending your money is alarming to people on a survival level and triggers this kind of hatred for the situation overall)
But he’s literally doing the bare minimum
“Okay, he is making progress, but it doesn’t count!”
drastically overpaying meaning for the same dollar amount, more people should be getting loan forgiveness.
Literally no idea what you are talking about here. I think you messed up by making it too specific, so it’s factually untrue – you gotta keep it within the realm of technically true but wildly misleading things (“paying with our tax money”).
Are you suggesting that when Biden forgives $10k of student loan debt, the borrower is receiving less than $10k worth of forgiveness? How would that even work? I think you got too excited at the keyboard and let your typing-froth get too close to factual reality and kind of exposed the fact that it’s all made up bad faith bullshit.
It sounds great if you only read headlines tho…
“I’m the well informed one! If you disagree with me you are foolish / naive / victim of propaganda / etc!”
Making excuses for Biden always just ends up arguing against moderate politicians like Biden. It’s their fault we’re in this shitty situation to begin with
Bringing factual reality = “making excuses for Biden”
General bad faith bitterness and blaming. It’s actually pretty remarkable how effective this is at turning “Biden tried to forgive $500B in student loans and has been fighting against efforts to stop him and still has succeeded in forgiving $167B and is still trying to do more” into “it’s his fault student loans even exist in the first place! Fuck him for pretending to care with his massive student loan forgiveness program positively impacting millions of people!”
Overall I rate this like a 4/10. You hit a bunch of general points that can produce an emotional impact and could literally be applied to anything, and you hit honestly a pretty good rhythm of nonstop firehosing claims wrapped up in a way that they could produce an impact. You got too factual, though; even one claim that is objective and testable and 100% false (the thing about “drastically overpaying” which doesn’t even make sense as applied to student loan forgiveness), can sort of snap people back into the realization that you’re just jabbering anything you can come up with to attack Biden with no connection to reality.
His most recent plan was blocked by Republicans in court this month. He has a new direction to try in Oct.
Thanks for this actual useful answer
He’s been trying to do it multiple times since he’s been in office. I’ll let you guess which political party keeps striking it down.
Is it the one who wants to take public school money to make their private schools cheaper?
Say it isn’t so!
…to make their private schools cheaper?
Let’s describe this as it really is: they want to take public funds to use for religious indoctrination.
Religious indoctrination of a very specific sort.
Just wait til the madrasas start using public funds… See what happens to them.
Freedom!!!
Hes going to wait until just before the election so it’s fresh in the goldfish memory of America
You obviously haven’t been paying any attention.
After the court slap down, he was only able to help about 1/5th to 1/6th of the original audience.
That’s a lot of people who could stand to be reminded about what the GOP has blocked and what Harris would continue to push for.
It was slapped down by the court because he was trying to use emergency powers act that did not give him the authority to forgive student debt. And in his opinion, Justice Roberts specified exactly how to go about forgiving student debt. Something that Biden has still yet to do.
Justice Roberts specified exactly how to go about forgiving student debt. Something that Biden has still yet to do.
The court did NOT give Biden a way to enact loan forgiveness through executive action alone.
The court said congress must pass a law. And there is too much opposition to loan forgiveness in congress. Even if the proposed legislation finally got through the senate, the GOP house would block it.
Yep. That’s the point I was making. You do something like this right up to the election so you can push out last-minute ads to remind the public what the democrats have done and what was taken away by the Republicans.
No I have and I know all the republican AGs and republican SCOTUS blocked him at every turn.
But I also know as an american how quickly we forget things because of our news cycle and him announcing this in October keeps it fresh in people’s minds
So he’s gonna… remind people of his committment to a campaign promise that he’s actually been working on for most of his presidency?
Ya, that’s kind of how campaigning is supposed to work.
Hes forgiving 169 billion already, which is roughly 40% of the 400 billion that supreme court blocked. It’s drastically more than any other admin has ever forgiven.
He already succeeded in forgiving student loans. Hes now attempting to forgive even more of them right before election to yes, keep the issue in peoples minds.
Nah, they’re just proving their own point. They have goldfish memory and can’t remember far enough back to recall the prior loan forgiveness efforts.
Demonstrating a goldfish memory by acting like one… “behold how ignorant I am!”
deleted by creator
Almost as if there’s a coordinated effort up to and including this headline
I remember getting a letter in the mail that said I would get 10 thousand Biden bucks applied toward my federal student loans. Never got it. I understand it was bad faith conservative groups that sued to stop it from happening, but for me, it is a failed promise. I have the paperwork.
