Judge blocks Biden's new student loan forgiveness plan before it rolls out. Here's what may happen next
Judge blocks Biden's new student loan forgiveness plan before it rolls out. Here's what may happen next
A U.S. judge has blocked Biden's new sweeping student loan forgiveness plan before his administration could even roll it out. What borrowers need to know.
I’m sick of federal judges blocking everything. This was their deliberate decades long plan to control everything without voter consent. See Master Plan podcast. We’re fucked.
If Trump wins a second term, you’ll be saying the exact opposite.
How is it Legal for a Judge to Block an OFFICIAL ACT?
It's not an official act because it came from a Democrat
I mean couldn’t the president just have the Supreme Court executed as an official act now and have immunity?
Well now he can just do it and call it an official act.
Just. Zero. The. Interest.
Stop with all these convoluted piecemeal plans. Just get someone like Fannie Mae to buy up all the loans made before 2014, and then zero out the interest on remaining payments.
Unfortunately the interest rate is specifically set by law and tied to 10 year treasury bill rates. This cannot be altered with an executive action, would need congress to change the law.
https://studentaid.gov/understand-aid/types/loans/interest-rates#who-sets
That's why the executive orders are focused on things like minimum payments, how long it takes to get forgiveness, who qualifies, etc, because the laws give the department of education more latitude to adjust those things (or are supposed to at least, weird rulings from republican judges notwithstanding).
We have 0% interest in Canada, but the way people tell it our Liberals and Trudeau specifically has never done anything good for anyone.
Heave, ho
All together
Hoist the colors highSeriously, fuck these fucks.
We're gonna have to band together just to get some fucken civil services around here....never shall we die?
As it always has been
i don't understand why they get to be in power. People could just vote 'no' if they won't want it
Wish he would say “fuck it jack!” And just forgive all student debt. No means testing, just all gone.
He can legally do that. And if the judges say boo about it he can grow a pair and tell them to try and enforce it. He controls the DOJ.
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This is like a sitcom husband calling a restaurant on Valentines afternoon for an appointment, obviously getting turned away, and then claiming to the sitcom wife it's not his fault and she has to now pretend that he took her out to a fancy dinner after she cooks for him with zero notice.
Because he tried.
With a bare minimum of effort, knowing it wouldnt work.
If you know a woman in that situation in real life, you'd explain what gaslighting is.
But for some reason we still can't criticize Biden, because he's not trump, even tho he's also not running.
Almost like neoliberals will always scream and moan that there's some bullshit reason you can't judge their strategies when they never work. They want us to just keep beating our head against a wall, because when Republicans win, so do the corporations that donate to them and neoliberals.
You’re misrepresenting the context.
Republicans are jurisdiction-shopping to find the most regressive and conservative judges they can find, and filing the cases there.
Republicans are jurisdiction-shopping to find the most regressive and conservative judges they can find, and filing the cases there.
They've been doing that for decades...
Why do you and Biden think they were just gonna not?
Like, you think Republicans will just voluntarily stop using a loophole so we don't have to bother trying to close it?
What a load of horseshit.
There was nothing unconstitutional about the first executive action to cancel student debt. Such action was explicitly permitted by the HEROES Act, and only a bad-faith interpretation by an illegitimate court consisting of corrupt justices was able to find otherwise.
And there's nothing wrong with this attempt, either. It's just that Conservatives don't want the government helping people in an election year. Debt cancellation is universally popular and only negatively impacts the politicians who aren't in favor.
Congress (i.e. the GOP) won't budge on this issue and this is at least the 3rd attempt he's made to forgive loans. Only thing left to do is invoke his "King powers" to do it anyway.
The Court granted immunity to prosecution (which is fucking insane) but that doesn't actually give him the ability to forgive all debts. If a court says "no, the debt isn't canceled" and the debt is still on the books somewhere, the problem remains unsolved. About the only way he can use presidential immunity to fix the problem would be to take out the judges that are blocking it.
Wish he would. He’s a lame duck. He’s got nothing to lose and forgiving all student debt would likely get more people to vote for democrats.