President Biden is already attempting to circumvent the common sense Supreme Court ruling that struck down his student debt cancellation program. Expect more legal challenges. 
Supreme Court Strikes Down Student Debt Cancellation, Cites Nancy Pelosi
Earlier today, I noted the Supreme Court Strikes Down Student Debt Cancellation, Cites Nancy Pelosi
As expected, the Biden administration does not give a damn about Supreme Court rulings, the Constitution, or strong legal arguments.
Education Secretary Cardona Statement on Supreme Court Ruling
Please consider Secretary Cardona Statement on Supreme Court Ruling on Biden Administration’s One Time Student Debt Relief Plan emphasis mine.
“Today, the Supreme Court ruled against students and families across the country. It’s an outrage that lawsuits brought on by Republican elected officials have blocked critical student debt relief that would have been a lifeline for more than 40 million Americans—nearly 90 percent of whom make less than $75,000 a year.
“President Biden, Vice President Harris, and I will never stop fighting for borrowers, which is why we are using every tool available to provide them with needed relief. Earlier today, the Department of Education initiated a regulatory process to provide debt relief, so we can help the working- and middle-class borrowers who need it most.
“Additionally, today the Department finalized our new income driven repayment plan, Saving on A Valuable Education (SAVE), which will be the most affordable repayment plan in history. It will cut monthly payments to zero dollars for millions of low-income borrowers, save all other borrowers at least $1,000 per year, and stop runaway interest that leaves borrowers owing more than their initial loan.
“Finally, the Department is providing a 12-month on-ramp transition period that will help ensure borrowers smoothly and successfully return to repayment without falling into delinquency or default. Borrowers who can make payments should do so as payments will resume and interest will accrue, but the on-ramp to repayment will help borrowers avoid the harshest consequences of missed, partial, or late payments like negative credit reports and having loans referred to collection agencies.
“In addition to today’s actions, our Administration will continue the critical work we have pursued under President Biden’s leadership to make college more affordable to more Americans and make long-overdue improvements to the student loan system. President Biden, Vice President Harris, and I remain fully committed to ensuring students can earn a postsecondary education, and build fulfilling careers without the burden of student loan debt blocking them from opportunity.”
Outrage Indeed
The outrage is Biden’s purposeful and clearly unconstitutional rebuff to a clear and clean ruling by the Supreme Court. The court ruled that Biden did not have authority to cancel $400 billion in student debt. The power of the purse belongs to the legislative branch of the government, not the executive branch.
Nonetheless, Biden will cut to zero the minimum debt repayment for millions to zero, effectively cancelling their debt. Everyone else gets a 12-month ramp and a repayment program that will save borrowers at least $1,000 per year.
Additional Details
- The most borrowers must pay toward their undergraduate loans is 5% of their discretionary income, down from 10%.
- No borrower making less than 225% of the federal poverty level will have to make a monthly payment.
- Loan balances will be forgiven after 10 years of payments — instead of 20 years — if the original loan balance was $12,000 or less.
- Borrowers won’t be charged with unpaid monthly interest, so balances won’t grow if they make their payments — even if that monthly payment is $0 because their income is low.
Details per Yahoo!Finance.
President Biden has no constitutional authority for these action. Even Nancy Pelosi understood that.
Flaunting the Supreme Court
Perhaps you think student debt should be cancelled. I strongly disagree. But that is not the point. The point is, as Nancy Pelosi understood: “People think that the President of the United States has the power for debt forgiveness. But he does not have that power.“
The Supreme Court quoted Pelosi in its ruling.
You may believe in student debt cancellation, but you should not believe nor want presidents taking matters into their own hands with powers they do not have. Both Trump and Biden have taken such actions, but Biden far more often than Trump.
Since when do presidents get to spend $400 billion without any such law being passed by Congress? Try never, as it should be.
This effort by Biden, to the tune of $400 billion, was clearly unconstitutional.
But here we go again. If you did not understand before, you should understand now. President Biden cares far more about buying votes than he does the Constitution, flaunting the Supreme Court along the way.
Should the Courts Censure Biden?
In March of 2022 the United States Supreme Court Unanimously Affirms Right of Public Body to Verbally Censure Board Members
In general, politicians like to buy votes, but never in history have we seen a president challenge a Supreme Court decision so quickly and forcefully starting with a statement from Biden’s Secretary of Education.
The court is a public body. There will be another lawsuit. What would an appropriate response be from the courts.
In case you did not notice, Biden is doing as much as humanly possible to stoke inflation.
Biden’s refusal to accept defeat of student loan bailout is like the same tiresome neurotic obsession as Trump’s denial of election results.
Both are dammn tiring
The people whining about fairness are comical. There’s nothing fair about the US economy. It’s just a matter of whether you want the rich to always win, or give someone else a win once in a while.
I would be fine doing a match, for every dollar these universities contribute from their endowment funds the US govt matches it to pay towards student debt.
There’s over half a trillion there, let’s see how that goes over.
link to nces.ed.gov
The Democratic and Universal Monetary Assistance for Stupid Students act.
Otherwise known as the DUMASS act.
The Higher Education Relief Opportunities for Students Act (passed in 2003 and signed by George W. Bush), known as the HEROES Act, states explicitly that the secretary of education may “waive or modify any statutory or regulatory provision” to help loan recipients affected by “a war or other military operation or national emergency.”
So it would seem on the face of it that the actions of the Biden Administration followed the law. Perhaps Congress should pass a bill stating otherwise if it disagrees.
Education – whether it is University or Trade Schools – should be more accessible in this country with having to mortgage your life to pay for it.
More support for Public Universities in the U.S. would more sense.
For Example:
“The average public university in France charges €170 per year for a bachelor’s degree, €243 for a master’s degree, €380 for a PhD and €601 to attend an engineering school.”
Makes you wonder why an engineering degree costs almost twice the cost of a PhD. Puts the value of that PhD in perspective. “Those who can – do. Those who can’t – teach.”
France has an examination system that greatly limits access at real universities.
link to etudiant.lefigaro.fr
Most of the French ‘universities’ are equivalent to US community colleges, which cost essentially nothing.
Not quite sure the comment rules. I think comments with links require approval from me. I am fine with that because I have deleted a bunch of spam junk.
I have asked for up-down thumb on comments and I have ability to delete trash which I did not have before.
This is a much better setup, at least for me, and I have requested features that some of you have asked for.
If it’s working better for you, Mish, it’s okay with me, even if I’m not overjoyed. 😉
Can you really buy votes if you give people the money before the election? There’s no incentive for them to vote anymore. You have to promise them money. And the flipside is this type of action angers more than half the electorate, and angry people vote. This is piss poor politics.
I remember when congress allocated $0 for a border wall. Trump spent $20+b anyway.
Someone is the Roger “Verbal” Kint in this story. Who could it be?
Assuming that the Student Loan laws don’t allow the President or the executive branch to change the terms of the loans (I really haven’t heard this discussed) then I would agree with the Supreme Court ruling on student loans. However perhaps Biden should just declare a national emergency and divert funding to pay for the student loans. This apparently would be constitutional since Trump did that to build his wall. I didn’t agree with that Supreme Court decision.
What everyone is forgetting is that the lack of compromise in politics is causing many issues to go unaddressed. The executive branch (President) is issuing many executive orders that seem to be contrary to laws and the constitution. This occurred under Trump also.
Our presidential democracy is one of the worst types of government when there is no cooperation between parties. A parliamentary democracy would work better (although perhaps not well) in these situations.
There has ever and always been one good way to get out of unpayable debt: bankruptcy. Student loans are the only debts that are barred from discharge in bankruptcy.
Side note: the word you want here is “flouting”, not “flaunting “. You can look it up.
Taxes cannot be discharged.
Wow,
This is such an enlightening political referendum, I’ll be sure to not return.
At some point members in Congress from purple states will have to enforce SCOTUS decisions by impeaching POTUS if they want to win re-election. 16 months is too long to wait for elections to remove POTUS.
I think you mean “flouting,” not “flaunting,” Mish. Other than that, I was sad to see the SC ruling not land on the real villains of this piece: the universities who encourage their students to take out these loans and who hire vast multitudes of useless administrators who get in each other’s — and, more importantly, the faculty’s — way..
It’s not Biden, he doesn’t know what day it is. It’s the people in the Administration making these decisions (not Kamala either – she’s to dumb).
Isn’t ignoring the Supreme Court a violation of law? Sadly, Biden cannot be impeached when the Senate is owned by the Demon Rat Party, and the Republicans barely have a majority in the House.
Call me old and old-fashioned, but I am one who firmly believes that when you accept a loan and sign for it, you are obligated to pay. Why should the working people who are paying taxes cover your debts? It is insane in my view.
President Biden warn us! White Supremacist are the biggest threat to this country. And he didn’t just say that because he was talking to the NACP. He told us so. It appears the Supreme Court is full of White Supremacist! Seems everywhere you turn you find White Supremacists! What’s this country coming to?
Colored Supremacists of course!
link to youtube.com
“Countries That Produce The Most Engineers”
Very interesting. In particular in the end (year 2022).
So, considering the enormous amount of this debt, what are these students paying for ?
The same can be said about health costs (now the life expectancy is higher in Cuba than in US). Probably also for defense costs.
Brilliant! Thank you for sharing this. I am also sharing it elsewhere. It should be a wake-up call to every American.
There was a time when the best foreign engineering students/graduates were recruited to the USA. Now, we recruit at the southern border.
Thank you, Bidum and democraps
Let’s be clear about one thing. Biden didn’t come up with this plane. He is mentally challenged so who did? Who is running the show?
Lizard pilots
Pocahontas did. As Mish mentioned, she’s the one behind the curtains pulling the strings.
Everyone on here knows the era of US imperialism is ending. Along with it goes our big bag of social welfare and non essential services. I was hoping not to have to see it in my lifetime but now I’m not so sure. Some things I can’t wait to see like no more bail outs.
Now that student debt payments go to zero, colleges will be able to raise tuitions as much as they want in theory.
The debt payments go to zero but the balance still remains unpaid so your negative equity will be a big drag in getting car and house loans. And since it is a decree by Biden it can be blocked or annulled unpredictably. Makes it hard to plan for the future.
There is no solution for past student loans. Future students should avoid above all the expensive private schools who no longer give the value for money and go to state schools which still do.
Thank you! You’re insightful. All student loan lending will have to be done by government. Tuition will skyrocket. Government either pays up, or sets limits on tuition. Education is rationed. With affirmative action, quality declines quickly. US falls behind. Innovation rates are lower….
I believe Biden only canceled the government loans. He did not cancel the private loans since neither he NOR congress have that power.
That’s why one of the lawsuits that was from the 2 people (not the 2nd one from multiple states) was thrown out. Those 2 clearly had private loans and would not benefit from this jubilee while continuing to be punished by their own loans.
The government should EXIT the student loan business entirely and make it all private loans. Then either college costs would drop dramatically (as they should) or no one would go to college.
I don’t know how long it will take for this to get back to the Supreme Court. But, the Biden Administration is definitely flaunting the Supreme Court Decision as the Department of Education Principal Deputy General Counsel Reed Rubinstein stated the Heroes Act couldn’t be used to cancel student loan debt. Rubinstein also stated the Higher Education Act of 1965 could not be used to cancel student loan debt. Further, the government is obligated to aggressively collect all debts.
Secretary of Education of Cardona should explain to Congress why he believes plan B isn’t contrary to 31 CFR 901.1(a).
link to forbes.com
Truly, Biden is usurping Congress when the Education Department’s own counsel states that only Congress has the power to cancel student loan debt, and the Speaker of the House also states only Congress has the power.
I think that the cancellation of student debts could be done only together with a big change: these debts in the future could be cancelled by a personal bankruptcy, like the other usual debts.
The banks should then be more careful to grant loans, and see if the planned studies actually lead to something useful.
This should also force the education system to be less greedy.
Student loans cannot be cancelled by bankruptcy. If they could, then everyone would file for bankruptcy the day they graduate.
The problem in today’s world is that everyone is a sore loser. Absolutely no one seems to accept any decision that doesn’t align with their own point of view on the subject.
This silliness by Biden is just 1 more example of it. Courts don’t agree with you so clearly they are illegitimate because there is no way a legitimate court could ever disagree. It’s not like Trump was any better about court rulings either. Part of being the President is setting a good example and accepting decisions even when they don’t go your way and not throwing a silly tantrum like this.
If somehow this latest fiasco passes the sniff test, I want to immediately borrow 100K in my 15 year old daughters name for her college education and have it forgiven even before she attends college because otherwise she’s at a huge unfair disadvantage with everyone who got theirs forgiven when she won’t get that.
lmao
“Biden will cut to zero the minimum debt repayment for millions to zero, effectively cancelling their debt. Everyone else gets a 12-month ramp and a repayment program that will save borrowers at least $1,000 per year.”
I am ROLFMAO! This is what 4-D chess really looks like, not the petulant child tantrums exhibited by Trump during his time in office.
But let’s review the socialist system we have. Boomers get social security and generous COLA adjustments every year and brag about it but when poor students ask for a mere 10k cut (boomers get more than this in any given year), it’s called outrageous?
And if you are a boomer, don’t tell me you “paid” into the social system as if social security were your personal 401k account run by the federal government. Any social security payments (i.e. tax) you made 20 years ago was directly distributed to someone on social security at that time, that money is gone. It wasn’t your personal piggy bank to be used later.
The moment any boomer reading this comment went to the social security office and signed up to receive “benefits” what you were in essence asking was for the federal government to take money out of MY paycheck and hand it to you thereby making YOU a socialist. The fact that other socialists took money from your boomer paycheck years ago didn’t make it right then nor is it right now unless you’ve decided to fully embrace socialism. I see the SS numbers every month and boomers love to become socialists for themselves and harsh capitalism for everyone else.
The thing is, I’d rather have my social security “contributions” go to some 20 year old kid burdened by student debt than some old non-working, non-contributing, non-productive (i.e. useless) boomer that sits around barking at everyone that “no one wants to work anymore” or “things were better in the 1950s” crap.
Just wait till millenials and zoomers take over congress and vote to end social security, no more socialism for boomers but you’ll be able to pick yourselves up from your bootstraps, skip the latte, and learn to serve and take abuse from your corporate masters again. It’s guaranteed to come soon to a social security check near you and pray that it’s just a cut and not insolvency.
good stuff
Gov’t takes my $$ to pay for social security and many other unconstitutional expenditures, yet Boomers are socialist when they recoup $$ by taking social security? Drivel. I agree with stopping social security, but don’t blame Boomers for participating when they can finally benefit after being forced to contribute. The problem is power. There is too much power being exercised by both parties. Remove the power. Stop government from trying to solve everyone’s problems. It’s an impossible task. Start, and stop, with preserving individual rights (property rights, etc.).
No one “forces” you to sign up for social security or medicare, that’s a voluntary task but by signing up you truly become a socialist. It’s that simple.
And the whole point of the comment was to point out the irony and hypocrisy of the vast majority of boomers saying “I don’t want to pay for others debt” while asking exactly for that through social security and medicare. Do you think 80% of boomers would be able to afford their own healthcare? Hip replacement operations at 40k a pop, same for knee replacements. You want ME to subsidize your healthcare but forgiving 10k in government student loans is outrageous?
And if you truly don’t get it then it’s a symptom of the selfish self-centered thinking most boomers have which is why they are the most disliked generation by all other generations.
It’s not “that simple”. The Federal government set up social security to provide benefits, originally, to those who exceeded their death age. Today, since many people live far longer and Congress has not adjusted the benefit age, many more people are receiving the benefit. The fact that this is contributing to bankrupting the country doesn’t make one a socialist for claiming a benefit Congress created and forced one to pay in to. The fact that Congress was irresponsible and spent all the cash decades ago to fund their various projects shouldn’t be directly on the shoulders of the average person who is now drawing the benefit they were promised. Student loans are a different beast. Congress never promised that student loans would be affordable. Taking student loans is voluntary. No one was “forced” to take student loans. The student isn’t out money via taxation and only now claiming the benefit of education funding. The situations are quite different. Bringing health care into the equation doesn’t help matters. Americans have been conditioned to look to the government for all manners of fiscal benefit, to their detriment. Congress promised relief (via benefit) but never looks at the cost side of the equation, and in doing so, alters the economic scales to the long term detriment of the country’s fiscal health.
The question is whether this also will pass the obvious challenge that will happen in court. If it doesn’t, he will look like a colossal fool.
The purity of your hate is most impressive. Are you up to Force lightning yet?
By the way, it was the Greatest and Silent Generations who set up Social Security. Boomers simply used the system as designed which for some reason offends you.
What offends me is the hypocrisy of expecting me to subsidize your healthcare with medicare and your pension from my paycheck with social security but the second a poor kid asked for a tax break on loans you are outraged.
I guess the outrage is there because if one dime from my taxes is diverted to a 20 year old kid that means one less dime for you. Is that what its really about?
How would you like for your aged parents to move in with you and since they are too old to work you will have to take care of them financially and physically? That is what it was before social security.
So it’s better then that your 20 year old kids move in with their parents because they can’t pay their student loans? once again, failure to see the irony and hypocrisy is a core pet peeve.
They are offended because of being embarrassed by their own low intelligence. As a dumb person myself, I recognize the faulty behavior and the distortions of reality it creates.
Man, if your parents are Boomers they must have done a job on you for you to diverse so much hate on Boomers as a class.
Been thinking the same thing given his hatred of boomers.
I don’t hate anyone, let alone boomers, I do HATE their mentality, the hypocrisy and self-absorption. Those are the core issues. The theme is always the same, “more for me and screw everyone else….gimme gimme gimme” followed up by fingers in ears and then “I can’t hear you…na na na na”
Best thing I can do is hit the ignore button but until we get one, I’ll have to put up with it for a while.
So your idea is to convert to communism? WTF. You have some serious issues with critical thinking so much so its useless to address the garbage you just bloviated.
And you harnessed your colossal intellect and all you could come up with is accusing me of communism and my comment garbage? Lol.
Lots of attacks on the “messenger” but no real rebuttal to the message of hypocrisy but that’s exactly what I expect from the boomer generation.
Moron
What you do not understand is that NONE OF THIS addresses the problem. Ergo, it continues, and only gets worse.
I was forced to pay into what I knew full well (decades and decades ago) was a Ponzi scheme. Don’t blame me for trying to recover as much as I can after I paid for your parents retirements.
Please feel free to give your money to strange 20 year old students that you think are deserving. After all it’s your money not mine.
And I thank you personally for your generous current contributions.
Please continue to do so.
With this administration’s inflationary policies I can certainly use the money.
The “nuh-uh” gambit was proven to be fairly effective by trump.
Stupid politics for a stupid people.
At this point the Biden administration is not even pretending to follow the rule of law.
I admit that I am not an expert in these matters, but I believe it is wrong to refer to this subject as “Student Debt Cancellation.” The debt is not being cancelled – it is being transferred to the people of the United States.
Yes.
One more step down the road to perdition.
Consumers demand might fall because the $1.8T student loans payments were reinstated today. Students and parents will have to pay monthly installments at 5%/7% rate. Gen Z will have to compete with millions of new immigrants that will do whatever they can to survive. New immigrants will start new businesses employing
immigrants, Gen Z and millennial. They don’t care about slavery, woke and reparation.
“Gen Z will have to compete with millions of new immigrants that will do whatever they can to survive”
Gen Z will have to deal with lowered labor demand as corporations shift their S.T.E.M., R&D and scientific research to other countries where workers don’t factor tuition into their labor price.
.
It is NOT the tuition cost that’s the problem. It is too many less-than-qualified students who want to be ‘professionals’, and low-quality universities meeting that demand. The WORST offender for unpaid student loans is University of Phoenix.
Transfer of jobs overseas is as much a function of the quality of education as tuition cost. The finest education in the world once came from the Ivy League schools, a few state schools, and a handful of foreign universities, Oxford, Cambridge, Paris… Concentrated hiring of progressive faculty derailed most of those institutions, just as it derailed state schools.
Republicans stole 2 supreme court seats – one from Obama and one from Biden. It’s an illegitimate institution. Biden should play dirty all he wants. Reminding voters (especially young poor voters) that congress has no problem giving debt relief to themselves and tax breaks to people like Elon Musk is just good politics.
Already detested by anyone under 40, by 2030 the republicans will be a spent force anyway – a rump party whose base is a bunch of drooling old farts in the old confederacy.
You sir, are a loon.
And you will be left with no one to fill the money coffers because all the anarchistic humans will be touting that they don’t want to work – so go print it and us old farts with work ethic will be gone. That will totally be the beginning of the greatest “greed fight” of all time. Maybe by then, INK will be a green deal forbidden mineral and you will be totally out of luck with only the late great ‘plastic’ piling up and in the queque for forbidden greenie choice of destruction. What a mess. Foundational principal: worth ethic and morals. Soon to be also forbidden.
Democrats are only good for rules, regulations, and the language of LIES.
When the producers stop producing, by choice or by death, they will be blamed. Lacking the understanding of how capitalism works, society will sink into a 1750- level of existence. It will be called “bad luck”.
Points for identifying the two authors referenced above.
Merrick Garland is bitter. We could have been stuck with him for 3 decades instead of 4 years. We might be stuck with Michelle Obama instead of Gamala.
Hey, we might get stuck with Kamala.
Vote BID’N – HARRIS in 2024.
Give Kamala another chance.
Kamala is yet another example of selection based on race, not merit.
Here are some other examples.
1: 9-11, the direct result of Clinton’s eliminating and replacing the ‘brains’ in the CIA, and the hiring of gate guards at Logan Airport.
2: The decline of education in the USA
3: A military more concerned with its pronouns than winning wars
I have tried very hard to be concerned about pronouns.
But just can’t get motivated.
I have decide to call all of them “it.”
Agree.
The previous president was a prick in the name of self interest.
Biden’s a prick in the name of scholastic access to the benefit of the public.
The more he fights, the better he looks.
We’re the only developed country on the planet that indentures college students this way, we either compete, or we fall behind…I’m sure China hopes Biden fails.
.
“Biden’s a prick in the name of scholastic access to the benefit of the public.”
Yup! By driving up the cost of college “education.”
That way, everyone, not just those privileged enough to obtain their degree in Applied Economic Illiteracy; but indeed also all those who instead had to work; gets to pay in order to make the connected lowbrows making off like robber barons fro the student loan rackets, whole.
If “educating” (nowhere anything other than newspeak for indoctrinating and nothing but, but still…) people fro up to 10 years in “college” is some sort of “public good”; then the “public” should run the “colleges” for free, including building accommodations for the students to stay in. The ONLY thing the studen loan rackets contribute to; is even more direct wealth transfers: From people who have to work for a living. To useless deadweight vermin making money from “lending”, “rent” and all the other 100% pathologies of financialization.
There is NO “public good” accruing from this. Biden should instead allow bankruptcy for student loans: Just walk the heck away. They’re unsecured. For anyone who supposedly “need” student loan “forgiveness.”
NO benefit to any “public” derives from instead forcing others; who didn’t even get a chance to hang about some campus for years on end; to pick up the tab. The only ones benefitting, are the same old rent seeking leeches who otherwise would have to take a loss for being such utterly incompetent credit risk assessors.
How do you expect to be able to build really nice University stadiums and hire really prominent coaches without sufficient tuition? Ticket sales?
Yes, ticket sales. And TV income. That’s where the money for athletics comes from, with football and basketball funding swimming, track, etc.
Switching news providers might switch your opinion, assuming you have an open mind. Alternatively, apply critical thinking. However….
The US is polarized. Minds are closed. You believe what you are told. Critical thinking has stopped.
My opinion on race, student debt, and education, for what it is worth. Setting quotas or lowering standards will not work. Making education free also will not work. What will work?
1) Holding schools and universities accountable.
2) Focus on the underlying issue, which is genetic in nature. Develop viable and satisfying options for people with different levels of ability.
3) Offer merit-based scholarships regardless of all other criteria.
“Biden’s a prick in the name of scholastic access to the benefit of the public.”
That is interesting fiction. Biden is pandering for votes, using tax payer money.
You’re free to donate as much of your own money to impoverished college graduates as you want.
I have no problem with personal donation.
It’s the Federal compulsion I take issue with.
Congress has to give them, but in this case Biden did this without congress in an attempt to directly buy votes. Once the government begins that, you end up on the road of moral hazard and hyperinflation. Countries like the UK have tuition fees, and those with ‘free’ college only allow a narrow subset to attend.
Bernie, it worked in Georgia for two Senate seats and the offer was only $2000.
Why not try again.
Nothing in the US Constitution grants power to federal government to be involved with student loans plus health insurance, flood insurance, providing food, providing shelter and much more. If I’m a SCOTUS Justice, my input is federal student loan program is unconstitutional and must be disbanded.
I still want to know, when are those who voted for Biden going to publicly step forward and admit that they own responsibility for putting the worst president we have ever had in office. This is a level of gullibility that suggests these people might not be fit to vote in future elections.
I voted for him, I’m damned proud to see a President create noise in the name of public benefit, vs personal gain or wealthy lobbyists.
There was no way in hell I’d vote for the self dealing sociopath who later ordered metal detectors be shut off on 1/6 as protestors chanted “Hang Mike Pence”.
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I have to think you believe what you write. And that makes your post AMAZING. In my next life I’m coming back as a clinical psychologist so I can study people like you.
The evidence is mounting to the point that even the mass media are now asking questions about the president’s dealings with other countries. Public opinion has turned. The impeachment of Trump over Ukraine is being recognized as a president doing what the US Department of State and Dept of Justice did NOT do because of political bias.
While it is unlikely that a US President will be charged as a traitor, Biden will forever be known as the president of graft and corruption.
Second worst. That’s the only reason he got my vote.
You bet I’m proud.
Present. And my federal taxes are in the six figures on any given year so what do you want to know?
And if you are curious, I’ll do it again in 2024 but my favored candidate is anyone that promises to cut social security just to teach boomers a lesson.
As a boomer: too late. We provide lessons; we do not accept lessons. Here is a lesson: people who pay six figures in taxes do not post here.
“This is a level of gullibility that suggests these people might not be fit to vote in future elections.”
As is voting for any of the clowns who have been President since at the very least Johnson. More realistically, Jefferson.
Really the men who wrote the Constitution saw the world far differently from the popular vision today. Think about it. Women did not vote. Blacks did not vote. How many others did not vote? What were the qualities of those who could vote? Why was it like this? Mob rule was not the intent of those who formed the Republic.
I’m so glad we’ve returned the adults to the room to defend our institutions and system of government.
Biden needs to be impeached for his treason and stop trying to give away our money to people who don’t deserve it. I paid roughly hundred thousand CASH for my kids education. How is this fair and remotely equitable ? I WANT MY $100k + BACK !!!!
You can’t play both sides of the issue here, are you upset about the administration’s actions or upset because you can’t cash in on this particular grift? Hopefully you were able to take home some covidbux to sleep easier.
It’s always about ‘me’ with these folks. They deserve anything anyone else has, or they shouldn’t have it.
Nope! It’s about fairness. Wrong again, Z!
I received the following when trying to post in reply to Zardoz:
Your comment is awaiting moderation.
Here is the comment, with a few words removed.
No! It is about the dismal future of the USA .
Farther down this page, toutatis shared a link.
link to youtube.com
While some people talk about fairness etc, this is far more important than student debt, or boomers. It is about structural change which bodes very poorly for the future of the USA.
To see the average debt and salaries for for engineering students:
link to sparrowfi.com
You are right it is about fairness. I repaid my loans, I’ll be damned if I’ll repay theirs also.
One has to earn a diploma. It is not something everyone deserves as a participation prize, Zardoz. Not everyone deserves to be a doctor, just because other people are doctors. Not everyone deserves to be an engineer, just because others are engineers.
The people demanding Biden cancel their student loans are as much about ‘me’ as the people you are referring to.
These 20 million or so deadbeats demand that the other 330 million be responsible for personal loans that the deadbeats took. Who are the selfish ones?
It’s not the slightest bit fair, nor is it fair to you that your kids now vie against foreign college grads who had their education provided by their governments.
It’s even less fair for the 60% of students that pay for themselves and now have to price their loans into their wages while no other OECD country does.
In the big , competitive globalist picture, college in the U.S. is a far greater obstacle than any other developed nation, long term this means s.t.e.m. will grow slower for us than other countries.
No, It’s not fair to you, nor is it fair to the students who pay for themselves.
However – China, India, Europe don’t care, their grads are happy to take our place.
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And then we have the fairness of the H-1B & 2 visas to contend with.
Apple, MS, Google, FB, et al take huge advantage here. The whole program should be mothballed over the next 5 years with a real education program to get existing & future college grads ready to take over these jobs.
Visas are another issue. But you should know that visas are not needed to hire people to work in America while living at home in India and elsewhere. Companies are going to pay as little as possible. By paying Indian, living in India to do customer service, sales, software development, research etc, they save 80 percent or more of what they would pay to get the same work done in the USA.
I was in India last week and meet people who are working for huge American companies from their homes. They are highly paid by Indian standards, but that means $1300 @month.
Agree, the H1-B program has been abused to the benefit of C-suite bonuses at the expense of regular Americans.
Global trade overall has hurt the average American while benefitting exec’s and shareholders, unfortunately that bell can’t be unrung.
Menial labor always goes to the cheapest workers, leaving us with education, and we’re the only country that doesn’t offer it…tuition has to be factored into wages here..
Each of these earners owes at least $100,000 toward the national collective debt ($32 trillion / 320 million) and won’t pay $10,000 of their personal debt?
Almost everyone in the USA expects someone else to pay the national debt and will refuse to pay their share when due. That means default and the end of the USD.
You think paying $100,000 each on the national debt is bad, wait until the USD is worthless. THAT will be painful.
The USD is near worthlessness already to those of us born in the 1940s and grew up in a lovely home in a beautiful area with a gigantic lot in Southern California that cost less than $10,000. When one man working for a $8000 / year salary was supporting 4 children and a wife who remained home to love and support the children. They have so devalued the USD it is hard to fathom for us who remember.