• csm10495@sh.itjust.works
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    1 year ago

    So we apparently decided that millionaires could get COVID loans forgiven and moved on, but regular folks can’t get any student loan forgiveness.

    Every day I’m more disappointed in my home country.

    • Black Conservative@sh.itjust.works
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      1 year ago

      That was Congress approved though. Blame Congress. POTUS doesn’t have forgiveness powers. He has military and nuclear powers. Maybe he can nuke the bank computers?

  • tallwookie@lemmy.world
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    1 year ago

    unsurprising, it was basically judged as setting a horrible precedent from the beginning.

    go into debt? you pay your debt. full stop, end of discussion.

    want to change that? get congress to change how laws work

  • BaldDude@sh.itjust.works
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    1 year ago

    This looks silly from an outside perspective:

    IIRC the special thing about student loans in the US is that you cannot default out of them. So even if I go through bankruptcy, I will still owe this specific debt.

    The obvious fix would be to deny student loans this special treatment.

    I could imagine that this would also have a positive effect on the cost of tuition in the US, as the collection of these stupidly high debts would be far from guaranteed.

    edit: spelling

    • mnemonicmonkeys@sh.itjust.works
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      1 year ago

      The obvouis fix would be to deny student loans this special treatment.

      Unfortunately we’re not going to get this anytime soon. The Republicans are against it, and Biden was the one who introduced the bill making student loans work this way.

      • SpaceToast@mander.xyz
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        1 year ago

        Spoiler, democrats are against it too. They just pretend to be for it to gain votes.

        Democrats are only progressive by virtue, but they are all republicans behind the scenes.

        It’ll always be rich vs poor while they convince us it’s left vs right.

        • boonhet@lemm.ee
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          1 year ago

          Oh give me a break. If you take a look at voting records on controversial bills designed to make the average person’s life harder, it’s usually republicans voting for it and democrats against it, and vice versa if it’s something that would make the average person’s life better. Of course, SOPA was a significant exception, it had more dems voting for it than repubs.

          Basically it’s a question of “bad right-wing capitalist party” and “very bad ultra-right wing late stage capitalist party”. One is bad because they’re taking a bunch of corporate donations, the other one already wants you to be jailed, dead or in debt if you’re not white, christian or straight enough, but ALSO takes all the corporate donations they can get.

          You’re right that it’s rich vs poor not left vs right, but the thing is that the right generally sides with the rich way more than the poor. They’re always for more corporate freedom and less consumer protections, etc. Of course the US democratic party isn’t socialists - they only support SOME social programs, but overall are still capitalists. But it’s still better than actively trying to destroy any chance of socialized healthcare, education, etc.

          You might not be trying to do it on purpose, but the whole “both sides are the same thing” argument is an actual right-wing strategy to disenfranchise younger, less active voters who’d vote for left-wing politicians, because older people, more likely to vote right-wing, are much more reliable voters. There is a bit of truth to it, but it’s nowhere near the whole truth.

          • SpaceToast@mander.xyz
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            1 year ago

            Na, this exact line of thinking is why we are stuck in a 2 party system where nothing ever changes and the rich get richer.

            But go ahead, keep pretending that it’s only republicans who hate you. In reality both hate you, except the dems just fly a rainbow flag and pretend to give a fuck.

            Good cop, bad cop is the oldest trick in the book and people like you actually believe the good cop is on your side.

        • something_complex@lemmy.one
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          1 year ago

          I will spam post this to all you troolls that apparently are satisfied with the current system that treats people like shit.

          Me on the other hand, have a tendency to look for systems already in place that are outsucceding ours.

          For the record im a Portuguese, studying abroad so it’s not like I don’t have privileges that others don’t have.

          That makes me think, bc some people out there deserve better resources. They are doing as well(if not better) as me with half of what I got…if that is not unfair then idk what is

          Finland is doing it and they are much better off then us.

          If por and rich kids are forced to go to the same schools, rich parents will have to make donations to increase the school’s quality…

          FINLAND is doing it already and they are DOING MUCH BETTER THAN US…