Student loan repayment problems frustrate borrowers, prompting federal response
Student loan repayment problems frustrate borrowers, prompting federal response
“If student loan companies are cutting corners or sidestepping the law, this can pose serious risks to individuals and the economy,” the CFPB said.
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This passage is from the Fourteenth Amendment of the United States Constitution, specifically from Section 4. It addresses the issue of public debt, asserting that the debt of the United States government should be considered valid and unquestionable if it was authorized by law. This includes debts incurred for various governmental obligations, such as paying pensions and bounties related to services for suppressing insurrections or rebellions. This clause was primarily included in response to the debts incurred by the United States during the Civil War. It was meant to ensure that the debts the Union took on to finance its war efforts against the Confederacy would be honored, while simultaneously casting doubt on the legitimacy of the debts incurred by the Confederacy. Essentially, it was a guarantee that the United States would honor its financial obligations and a statement against the financial claims of the Confederacy.
So, I’m not sure how this has anything to do with student debt, as it doesn’t relate to citizens at all. Or is this one of those Republican things where you interpret text to mean whatever you want it to mean, thump thump.
It has nothing to do with student debt, it's relevant to the Republicans trying to use not paying existing obligations as a negotiating tactic. The fact that you don't get that demonstrates you have little to add to this discussion.
The post is about student debt. I assumed you were talking about the topic of the post. Are you just randomly blabbering?
Republicans using this to argue against forgiving student debt is ridiculous AS YOU SAID, it has nothing to do with student debt.
Are you handing me this win?
Handing you a win? Bro, you can't even follow a thread with enough comprehension to grasp what's being discussed.
What do you think is being discussed?
mwguy said it's fair to blame Biden for giving up on the student loan issue for concessions to keep the government open
You asked if it would be more accurate to say that Republicans forced Biden to give up, so they are to blame
I said that the Constitution doesn't allow Congress to decide not to pay national debts, so Biden could have played hardball, but he didn't, so it's still fair to blame Biden
You got all butthurt about not knowing what's in the Constitution and couldn't follow what I was even talking about, and here we are.
It was the Supreme Court, so I’m not sure what you’re going on about.
That happened after Republicans fought it by threatening to shut down the government. Why are you here to argue if you don't have a grasp on what actually happened in the first place? Fucking hell, no wonder you don't get it, you don't know what fucking happened.
The timeline of events in 2023 clarifies that the issue of student loan forgiveness and the budget negotiations in Congress were largely separate matters. The federal budget for FY23 was passed on December 23, 2022, covering the fiscal year from October 1, 2022, to September 30, 2023.
The Supreme Court's ruling on the Biden administration’s initial student loan forgiveness program occurred in June 2023, well after the budget had been finalized.
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Furthermore, the discussions and subsequent actions on student loan relief were not a part of the congressional budget process but were instead separate initiatives pursued by the executive branch. This distinction in timing and process indicates that the student loan forgiveness issue was not negotiated out of the FY23 budget by Republicans, as it was not part of the budget discussions at that time.
Edit: removed a link I didn’t copy correctly.