Biden Will Try Again to Wipe Out Student Loan Debt for Millions of Borrowers
Biden Will Try Again to Wipe Out Student Loan Debt for Millions of Borrowers
The Supreme Court blocked President Biden’s first attempt at large-scale student debt relief last summer.
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https://educationdata.org/student-loan-debt-statistics
Best of luck trying to eliminate the problem you helped create, Joe. Looks like you made a nice little dent in 2023!
Wasn't there just an article on here about how the richest 1% of Americans (maybe it was globally) made 14.xx trillion in 2023? So 10% of that wealth from a single year could wipe out all student debt. I bet that's less than what they evade in tax liability.
Prior to 2020, that line has an r^2 of 1, so I'd say he's doing a great job at breaking the trend.
He's doing a lot more than any Republican would ever do.
He better, seeing as how he was a critical part of the problem: https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020
People in here really want us to give the guy a medal for making bare minimum fixes to a problem he created.
People in here really want to take in everything Biden has done and not just focus on shit from 3p years ago to be mad
Damn, sorry we're not single mindedly hate filled towards the guy
Nope, just single-mindedly hate-filled towards anyone who dares to criticize dear leader. Just look at the mindless downvotes, including for posts pointing out simple facts. The student loan problem was caused in large part by biden himself, he shouldn't be given a free pass for half-assedly attempting to barely scratch the surface of the problem he created.
It’s more than “pointing out simple facts”. It’s an onslaught of ‘he’s not doing enough’ or ‘yea but look at what he did before’ and absolutely ignoring the fact that what he’s doing now is in the right direction.
I’m sick of all of the ‘yea buts’ I keep seeing in the comments rather than credit where credit is due. I gave Trump credit when he did the right thing, and Biden is due the same. It’s ok, good even, to be critical, but this isn’t criticism, it’s cynicism.
posts pointing out simple facts.
I'm Just Asking Questions!
So biden wasn't key in creating the $1.7 trillion student loan debt problem? This time try responding without your brain short circuiting on key words that set off your canned response subroutine.
So why can't people realize that what they did was a mistake and try to take a step towards fixing things? I get that it's "too little too late", but when you have SCOTUS, who's told you any massive debt relief MUST BE PASSED BY CONGRESS, and a Congress that's going to stonewall almost anything in front of it, because THEY HAVE TOLD US THAT THEY WILL, what do you want the guy to do? At the end of the day, there's only so many legal avenues
I get it, Trump abused every single lever of power and part of you says "well why can't the Dems do the exact same thing and effectively rule by fiat." And part of me wants that as well, I'll admit that - I do wish Biden had walked in Day 1 and started signing EOs so fast that nobody could keep up with which did what, with the justification of "Trump did everything with a stroke of his pen, and with a few strokes of my own, I'm wielding that same power in the same way". But that won't sway the centrists - there's a hell of a lot of them now sadly, and most of them would look at that the same way they looked at Trump doing it, as a tyrant wielding the executive branch as a club. It'll scare off a lot of the Democrats as well, and especially the not-so-far leftists, especially once the news starts crying about a "new Andrew Jackson", because that's EXACTLY the spin they've had locked and loaded.
Blah blah blyat
You've unironically shown that he is making an impact. Since taking office the rate of increase slowed down to the point that actual debt has gone down.
Presidents can seldom make decisions that show immediate results and drop things instantly, especially if they don't also have Congress. Where you can see their effect is on the derivative of numbers like this, and that is a decidedly better graph.