See, it's funny because Joe fucking Biden has done everything he possibly can to cancel large amounts of student debt across the board, and his efforts have been stymied by Republicans in the House, Senate, and Supreme Court, and yet people will continue to blame him as "looking like he wants to cancel student debt" instead of "cancelling student debt and having those efforts reversed at every turn by republicans". Fuckers, useless fucking cunts blaming the wrong people.
The people complaining about Biden on this point are either fake grass roots actually trying to squash democratic support or their naive democrats falling for the bait from Republicans.
I don't know why folks can't see that there's very little left for Biden to try at this point.
No, but you see, accounts from lemmigrad with names like communistcat and 12315123 and vasya69 are telling me that both parties are the same therefore I should stop voting ever, and in the interest of believing both sides, I will do what they tell me.
Biden was a primary author of the 1978 bankruptcy reform act, and pushed hard for it as a Delaware senator at the time. This very legislation is why students can be crushed for life by student debt, as it prevents discharging said debt via bankruptcy. He, along with Ed Kennedy, are precisely to blame for the crisis resulting from uncapped tuition increases by greedy, profit-incentivized colleges and lenders. These same institutions contribute massive amounts of cash to Biden’s campaigns to this day.
At least republicans are generally more honest about how they intend to help corporations screw us, reprehensible as they may be.
They literally fucking can't. They tried within a more limited scope and the supreme court slapped it down, there is a zero percent chance they could cancel a more broad selection. Dogshit meme
Biden has the power today to completely eliminate student loan debt via the 1965 higher education act. Alternatively, he could expand the Supreme Court to 13 or more justices to cancel out the conservative activist judges.
There are real actions Biden can take today to deliver on this supposed promise. And yet, the same bad dude who brought us legislation to ensure you can’t be rid of student loan debt via bankruptcy, somehow can’t come up with a way to get this job done. Hmm. Meme checks out.
1:elimate via 1965 higher education act. Mechanistically, this would be done via executive order, then the court challenges, and rules on whether or not the action itself or the 1965 act is constitutional. And what do you know! We are in luck! Because that's literally what just fucking happened with the 10k cancellation last year. And it turns out our supreme court is full of shit bags, so it got squashed.
2: stack the court, or, excuse me, "expand to 13". This is blatantly and laughably unconstitutional. The amount of justices is explicitly set Article III, Section 1, by congress. Judiciary Act of 1789 set it to 6. Passed by congress. Judiciary Act of 1801 set it to 5. Congress. 1807 to 7. Congress. 1869 set to 9. Congress. Jackson tried and got overturned. FDR tried, via congressional bill and didn't get the votes. Now tell me where in that timeline do you see the authority to do this without congressional approval? So what you are asking for is a literal goddamn executive coup, a blatant authoritarian power grab for the executive, what we just narrowly avoided with Trump. Any support online you see for this movement, that even dares to cite a legal explanation for why Biden could do this, is made by liars and grifters who thinks they can sneakily interpret the constitution with some backdoor logic to ignore all judicial precedent. They are just rebranding sovereign citizen logic, straight up.
I mean, the SC shut him down on eliminating debt. So they clearly don't believe he has the ability according to that act. It's not like he forgot to invoke a law or something. SC takes all laws into account.
Increasing the SC is a very dangerous move. What's going to happen? Just the SC increases every single time the majority changes and a new party comes into power?
So it's not that simple. It's an extremely naive take.
The endless march of court stacking would breed a not-inconsequential amount of bad precedence, to the degree that even judicial impeachment would produce a more stable final state. Iirc, supreme court stacking has been attempted before and struck down as well.
What the Democrats should have done is put forth a cap on the justice count while Republicans feel like winners. If they stack the court back, we'll just see SCOTUS grow every new administration until it's literally meaningless. The court shouldn't even be political. It is there to check runaway politics.
I vaguely remember hearing about this thing called an executive order.
Remember when Bush Sr. stole all the Iraqi govt property in the US during Desert Storm? Seems like if he can do that, they could figure something out. The fact is, they don't really want to, exactly like OP says, they just want to appear to want to.
if he can do that, they could figure something out
Learn how the government works. Please. An executive order was what Biden did previously, in attempting to cancel a smaller amount of debt for less people. It was rejected by the supreme court. There is no next step, there is no other way that isn't an explicitly authoritarian unconstitutional Andrew Jackson style attack on the supreme court. Biden would have an approval rating of 10% within a week, whether or not anyone on Lemmy thinks it's a good idea.
Yeah like... They just tried to cut down on student debt and the conservative supermajority struck it down. There's literally nothing Biden can do to overrule that.
Correction: They can, they just don't want to. If supreme court accepts it, then it's cancelled, but it's more interesting for them to have a bunch of poor people with a fuck ton of debt up their arses, hence why they don't do it
if the supreme court accept it, then it's cancelled
They clearly, obviously, blatantly will not accept it. They shut him down on cancelling a smaller amount. They won't just allow him to cancel a larger amount. All sending it to them does is create more precedent limiting the power of the executive, there is no reason to do that. There's zero upside.
Does anyone else fear the economic impact that student loans are going to have once they are resumed? I am really not looking forward to another recession.
That's what I'm saying. We've been barely skirting by but it's been doable. Once student loans kick in, that's the spark going from embers to an inferno.
No we're not, and we haven't been. The media and CEOs have been fearmongering about "a recession" for years now and it's never been close to happening.
Unemployment is near record lows. Wages are rising.
What's been killing the working class recently has been inflation, and nothing else. Which sucks, but is getting better.
Hot Take: I'm looking forward to it for one reason only: Maybe social networks will be fun and bearable again without the constant bombardment of political "ideas." Maybe all those people who haven't been working will go back to work and stop ruining the internet.
If you think folks only had one bill (school loans) so had no reason to work until it comes back, you're kind of out of touch. Unemployment is fairly low and it's not because people aren't looking for work.
Rabble rabble! No one wants to work these days and pull themselves up by their bootstraps! Never mind that is literally impossible, so actually a perfect apt metaphor! Instead, they just want to spend time online ruining it for ME! Rabble rabble!