Supreme Court kills Biden student loan relief plan
Supreme Court kills Biden student loan relief plan
The justices ruled in two cases challenging President Joe Biden’s authority to forgive federal student loans under a 2003 law called the HEROES Act.
And the working class gets the shaft yet again
The woman who sued to have this struck down took a PPP loan worth $48,000 from the government. She then had all but $4 forgiven, after which she proceeded to sue against student loan forgiveness which would of forgiven 20k of federal loans, and 10k of private loans.
Ghouls
Small business tyrants have been looting the treasury for the last three years. You would not believe the amount of free money given to some of these ghouls. $48k is nothing compared to what I've seen.
The average loan size was 250,000. 5-50 million was also very common.
Massive corporations also got absurd quantities of money.
Western Democracy is when you give your little brother the unplugged console controller so he stops asking you for a turn. And he sits there like an idiot pressing the buttons thinking he's in control.
Sometimes he starts to get suspicious, so you tell him he needs to press the buttons harder. Then you look over at which buttons he's straining himself on and follow along for a bit until he thinks he's making a difference again (but never in a part of the game that actually matters of course).
The difference is, with Western Democracy you've got a chorus of commentators sitting behind your brother telling him he's in control, applauding or criticising accordingly, telling him he's being silly when he gets suspicious, and moving hell and high water to keep him distracted when he starts following the controller cable to see where it really leads.
Excellent analogy!
This is bad of course but must remember that this debt forgiveness was a dumb half assed plan from the start. Systematic change is the only thing that will help the working class.
Better then nothing. 20k can change peoples lives, forget that it’s half baked, any measure to help the proletarian is good.
Yeah agree, but they intentionally chose a long and winding path to get it done, one which allowed republicans to file an inevitable legal challenge. Undoubtedly this wasn't literally purely to sell out student debtors (i.e. me) for just pure malice, but instead they were thinking this is a nice middle path where we're not too radical but also standing by our commitment (a commitment that itself was a climb down from his previous commitments).
The effect, however, is the same. The best path was to immediately forgive the debt and force the court to claw it back, rather than to just nullify something that didn't truly exist yet. They chose this path knowing this was the likely outcome, but preferred it to something more radical that had a higher chance of success. I am not clear on the legal (let alone extra legal) paths available if the court is truly determined to even claw back the money, but they haven't been playing to win from the start.
Because when you have a bourgeois class of elected officials, consultants, lobbyists, and various other hangers on, they lose 100% of whatever genuine enthusiasm and connection they had to the rank and file of the party. It's no different than the SPD in 1915, only even less radical and more doomed to fail
Agreed just saying this was the compromise, the least they could do and they can't even do it.
Agreed, the root cause of this is that higher education is too expensive for the average person as the result of a system that chases monetary value at all cost.
Supreme court is fascist
This was the intended result all along. Grandstanding to the fullest.
Woo-hoo! I get to keep the 5k cloud of debt I got for dropping out freshman year hanging over my head! Another victory for the free world!
5k? Are you forgetting to pay fealty to your Lords with interest?
Well yuo see I have been unemployed every time I've had to reaffirm yearly my commitment to "repaying" the loan... quotation marks because college did not actually cost that much, it's just a nonsense number they pulled out of thin air to pad their fucking fossil fuel investment portfolios but whatever.
Regardless, being unemployed when I re-up as it were allows me to get away without any interest. How kind. Unfortunately I have a job now, so we'll see how it goes.
So their "supreme court" has the highest power in yankeeland... but the people inside there, how do they get in? I've never heard about a "supreme court election". Do they just plant their children in there, monarchy style?
President nominates people and congress has a hearing and either confirms or rejects them.
So, yea essentially except usually it isn't their kids but rather people that have written enough legal opinions that they like and can bribe
I changed banks during the pandemic. Maybe I'll just "forget" to put my bank account information back in, and see how long I can get away with "forgetting about" a $19K balance.
The IRS would rather airstrike you then let you get away with that, they’ll make sure that Uncle Sam will garnish your wages and ruin your credit score for daring to be disobedient.
This is my shocked face dot gif
Surprised_Pikachu.jpg
the supreme court are a bunch of motherfuckers and i am not surprised
Lol this is why I didn’t go to college. Kinda sad but I was right
The optimist in me really thought this was going to go through at first. Damn.
I fucking hate seeing this shit being called as Biden student loan relief plan. Even though this plan as senile as him.
This sucks, man.
Did he have a plan?
President Biden plans to announce new measures to protect student loan borrowers following a Supreme Court ruling that halted a student debt relief plan. The ruling prevented more than 40 million borrowers from receiving loan forgiveness, a major setback to one of Biden's key campaign promises
The original program, launched in August, would have cancelled up to $20,000 in loans for Pell Grant recipients and $10,000 for other borrowers earning less than $125,000 annually
Despite this, Biden pledged to continue seeking relief for middle-class families, suggesting that the fight is not over and blaming Republican officials for the obstruction
The President also intends to make clear to student loan borrowers that Republicans are responsible for denying them relief
the supreme court at it again
Womp Womp
6 Republican toads cosplaying as judges override the will of the majority of the people in this country, yet again.
Now wait a damn minute. It is not just the working class that owes loans for schooling, one may say the lowest economic class in the US made the least use of student loans, it is the middle class that benefitted the most. Kids that got out of public school and went straight to work, either in factory, construction, etc. made very little use of those loans. On the other hand some who did get loans may have used them as capital to escape work and are now well off, just didn't feel like paying.
The populist right invested in this reality and got a significant part of the real working class who never saw a student loan to "rightfully" say if you are going to donate 30-50.000 to others why not give me just as much too?
The neoliberal nightmare (Biden) as brother/comrade Manning Marable called him (in contradiction to the "neo-fascist disaster" Trump) invested in appealing to this lower middle class of managerial stuff and their kids, to give them a gift so he can get elected. And he did probably on this promise for a gift himself. He may have known it wouldn't legally make it all the way so it was a cheap promise to make. Who knows what's next from this war-monger constitution abolitionist (covid violations of constitutional human rights).
The 1.2 trillion of fake dollars printed and distributed wasn't illegal, corporations sucked it all up, but loan wavers are, because they are not for everyone's benefit.
EDIT: To go to a short term trade school to get a license or certificate within months (such as CDL driver's license) only costs a few thousands in loans and mostly the payments of were made sortly after by an employer. To go through university and graduate education loans could easily reach 50+ k$, for which an MBA could graduate, start an Inc. consulting/accounting/financing and as a person can have unpaid loans while their business could be bringing millions. Truck driver got 3000, and it was paid 6-9mos after first job. Golf-club life member owes $100k with penalties and interest and doesn't care, it was government guaranteed and nobody is chasing to throw him in prison.
I'm not really sure where your weird take on this comes from, but the lowest economic class does not get enough pell grants and financial aid to not have to take out student loans.. and middle class absolutely took out loans. The wealthy had their college paid for, mostly by paying right out of pocket. The people who can afford to make the payments do, and did. This was never about hand outs or freebies.
For the last 12 years, if you would have been paying attention, was packed full of predatory lending practices on students because they have no choices. It's either pay and not afford rent, not pay and suffer wage garnishments, or take part in there programs where you can at least pay a little bit see your balance skyrocket because you aren't even paying the interest on it. There. Were. No. Options. And before you go into the BS about, then go to trade school: need flash - trade schools were packed and no one was hiring. It was either better you skill set, or fight for the low wage fast food jobs.
The loan forgiveness was meant to right the wrongs that happened under republican leadership of these programs.
It's ridiculous that I even have to explain this. It's like people choose to be blind and worship the people stepping on their heads with their heels.
We are not liberals or democrats here to preach about what republicans did, as democrats have done no better.
NOT EVERYONE goes to college/university or even extensive technical/trade school that ensures leaping over the "real working class". Look at the demographics and the percentage of the population reaching "higher education" than HS. The percentage that didn't, never took out a single loan and after this handout to the "middle class" (it is funny because on another thread I am engaged in someone reacted to the term as I fabricated it and brought it on without theorizing upon) they will end up with no degree and no loan without payment. This will increase inequality.
I am surprised that this escapes you, that a large portion of working class kids never attempted to go to any college because simply they couldn't afford it.
Just because the conservatives are using it as leverage to manipulate the poor and working class to their advantage doesn't mean they are wrong on this one. Do you have any clue what it costs to become a physician in this surreal country we are referring to in the cheapest of all state medical school? How many years one must go in debt if have no other support to eventually get a badge that says now I can scoop it all up and make tons of money. Or how rich kids can go to the Carib. private schools and buy themselves an easy degree and compete.
Again, I am not against those that got in debt in getting a waiver, I am in support of all of those that didn't and now are being pushed further behind in the class difference. If they are going to waive payment to some they should give a cash handout to those that didn't get a loan because they never went to school.
undefined> The loan forgiveness was meant to right the wrongs that happened under republican leadership of these programs.
I remember since the early 90s under no republican leadership the gov guar. student loans were sold over cheap to private banking and collection to collect. Again we are not a liberal crowd here to preach anti-republicanism when real defense and advancement to capitalism is carried out by dixocrats, including a dark-skinned one.
Remember who in the 90s passed legislation to wipe out urban poor housing under no protest no contest in court for 1/3 value offerings, and handed out urban land to developers to beautify and modernize cities? This caused the real-estate boom, the explosion of housing costs, and the transfer of the financial bubble into housing and development, to yet another bubble that blew up and sentenced the entire world to pay off the US financial bubble. It also created the transportation havoc created in nearly all urban/metro areas and had people travel 1-2hrs to get to a reasonably paying job.
What on earth is "the middle class"? Some kind of British tabloid term?
Reading on.... what is the "lower middle class"?
With the exception of a very few countries like N.Korea, in the remaining world politics are driven around the manupulation of the "middle class", but I am glad you picked it up and asked the question because my definition is not that vague. The vaguness comes together with the manipulation of the majority of the population thinking they are the middle class politicians appeal to.
Don't pretend you've never heard the term, I know you have, to have an aversion to it is understandable.
What I call middle class is management. Those that definitely don't have the same interests with workers, they benefit directly or indirectly from the exploitation, but they are not the owners either. They are the ones that have the authority to blackmail you and terrorize you at work to do as they say or you will be fired, or even never get a raise or promotion.
Who is the capitalist class today, does anyone know? How many of us here have seen a true capitalist in the workplace? Very few in very small outifits where the owner is also a manager directly to the low level employees. The owners have vanished, in some cases nobody knows who they might be with large corporation being in the stock market. How can you engage in class conflict when you don't even see the other class. If you don't see it, you don't see the way of life, how do you know they benefit from your exploitation. The vast majority of large corporations/industries today in paper they show as being in deficit, being worth less than they owe. They are in debt, because that is the financial model of a healthy corporation. Although people can make millions from corporations that are in debt.
This is part of the intentional transformation of capitalism that has sentenced Marxists to be less effective or even making any sense to the average worker. Together with the populism of some left wing parties appealing to managers as "employees" or "proletariat" ... and things have ended up in this dead end we are locked in.
In the old days you walked long muddy paths to get to the factory and the owner passed with his limo and splashed mud on you, someone opened his door and someone else held an umbrella over his tall hat as he walked to the front entrance of the office of the factory. He was the owner. This picture doesn't exist for the past 50 years for 95% of industrial workers.
You can work for a McD franchise and the sole owner of a sole shop is there, in reality all he is is a manager for McD that gets paid a portion of the profit when it exists, or zero when it doesn't, and he is under the illusion he is the owner of the means of production and he can not even buy and use a slice of tomoato in his own means of production. He is just low level management with a really bad (for him) contract to either make money for the boss or work for free. A foreman laying cable for a phone company is higher level manager than the McD owner is.
Dare take it further? Are physicians middle class, college professors, academic researchers with 24 grad students laboring 80h/wk, middle class? Is a plumber with two assistants "the owner of the means of production"?
The working class will never revolt together with their enemies, their managers!
