Biden declines Democrats' call to cancel $50K in student debt

[BUtterfield 8 41,818]

Well it’s over. 

 

[rasclautmangos 2,746]

The most he ever entertained was 10k in forgiveness. I'll be suprised if that happens.

[Cookie Tookie 10,546]

[Demoncore 475]

Glad I didn't hold my breath waiting for loan forgiveness. Go figure that he lied on his campaign trail so he can win, looking forward to seeing him half-ass or straight up not do the things he said he'd do leading up to the election.

[ToxicHot 6,444]

Yeah.... sorry but that’s really unreasonable. There’s no way that was gonna happen.

[rasclautmangos 2,746]

12 minutes ago, kiwimane said:

Glad I didn't hold my breath waiting for loan forgiveness. Go figure that he lied on his campaign trail so he can win, looking forward to seeing him half-ass or straight up not do the things he said he'd do leading up to the election.

He literally never said he was going to forgive 50k in student loans though.

[LaLuna 12,732]

Heeeeeeeere we go...

Do we want Trump back now? 

[MANiCURE1295 8,673]

3 minutes ago, LaLuna said:

Heeeeeeeere we go...

Do we want Trump back now? 

Is Biden making fun of disabled reporters? Nope so im good with Biden, no need for Trump 

[OysterBaby 450]

Better than trump but I’m not ecstatic about him so far. Sigh

[ALGAYDO 35,083]

I’ll never understand politicians letting the student load crisis get this bad... 

[Emvee 8,827]

1 hour ago, ToxicHot said:

Yeah.... sorry but that’s really unreasonable. There’s no way that was gonna happen.

Unreasonable is a $1.5 trillion tax cut to people who don’t need it and will never “pay for itself.” 
 

This actually WILL stimulate the economy and people DO need it. The federal govt can snap its fingers to create any number necessary, but they just chose not to. And since this could just be an EO, Biden is the unreasonable one here specifically. 
 

I’ve been very charitable to Biden lately, but this is indefensible. 

[bionic 50,111]

I support him on this. People (myself included) got into student debt knowing the consequences of it. We aren't entitled to any relief.

Besides, if Biden wipes all existing debt then what happens next? The cycle continues with new students. We need to tackle the source, not the symptom.

[imnotyourbabe10 6,120]

 Vote blue no matter who, they said 

Glad we got rid of the fascist, but I’m over the neoliberals. Bring on Bernie and The Squad.

[weed 78,905]

3 minutes ago, bionic said:

Besides, if Biden wipes all existing debt then what happens next? The cycle continues with new students. We need to tackle the source, not the symptom.

that's also my question... there needs to be a whole renovation on the loan system/college costs in general or it's just going to keep repeating itself over time.

[Ceres 3,342]

3 minutes ago, bionic said:

I support him on this. People (myself included) got into student debt knowing the consequences of it. We aren't entitled to any relief.

Besides, if Biden wipes all existing debt then what happens next? The cycle continues with new students. We need to tackle the source, not the symptom.

I agree we know what we got ourselves into; we aren't entitled, but you have to admit that there's an issue with college tuition, federal loan interest rates, and the job market. Interest rates for student loans have been rising while an increase in post grad unemployment continues. It's hard to break even when you start out severely disadvantaged right out of school. 

"Besides, if Biden wipes all existing debt then what happens next?"
from joebiden's website: "... by adopting Senator Sanders' proposal to make public colleges and universities tuition-free for all".