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Biden to cancel $10k of fed. student loan debt


StarstruckIllusion

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StarstruckIllusion

Wiggg this is amazing. Midterm chances going: 📈📈📈

EDIT: It’s official 

 

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  • StarstruckIllusion changed the title to Biden to cancel $10k of fed. student loan debt
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PartySick

I don't wanna be pessimistic but this seems like the perfect amount to barely help at all while still seeing Dems catch flack for "handouts" :bear:

Cancel ALL the federal loan debt. Then at least the blowback from the center and right will have been worth it :rip:

Whimsical bitch
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Papergangstuh
4 minutes ago, PartySick said:

I don't wanna be pessimistic but this seems like the perfect amount to barely help at all while still seeing Dems catch flack for "handouts" :bear:

Cancel ALL the federal loan debt. Then at least the blowback from the center and right will have been worth it :rip:

From my understanding there is some vvv sketchy gray area of whether he can cancel all student debt via EO without Congress onboard. (I do wish it was more but I'll take it)

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StarstruckIllusion
6 minutes ago, PartySick said:

I don't wanna be pessimistic but this seems like the perfect amount to barely help at all while still seeing Dems catch flack for "handouts" :bear:

Cancel ALL the federal loan debt. Then at least the blowback from the center and right will have been worth it :rip:

Yeah but its Joe Biden… the right below the bare minimum is what the hope limit should be at lol. The right are already calling it “buying votes” lmao their seethe

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PartySick
Just now, Papergangstuh said:

From my understanding there is some vvv sketchy gray area of whether he can cancel all student debt via EO without Congress onboard. (I do wish it was more but I'll take it)

Yeah, there's also the issue of student loans through banks, the whole system needs to be reworked but if Dems are serious about wanting to retain any power this year then they need to get on it :messga:

Whimsical bitch
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PartySick
1 minute ago, StarstruckIllusion said:

Yeah but its Joe Biden… the bare minimum is what the hope limit should be at lol. The right are already calling it “buying votes” lmao their seethe

Right...so buy the votes with a bigger debt relief :enigma:

I don't understand why the Dems are doing the bare minimum here when so much is at stake :messga:

Whimsical bitch
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Controversiaga
14 minutes ago, PartySick said:

I don't wanna be pessimistic but this seems like the perfect amount to barely help at all while still seeing Dems catch flack for "handouts" :bear:

Cancel ALL the federal loan debt. Then at least the blowback from the center and right will have been worth it :rip:

yeah its a tiny amount :( 

Pronounced like “Balenciaga” . Emphasis on the “Ga”
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StarstruckIllusion
Just now, PartySick said:

Right...so buy the votes with a bigger debt relief :enigma:

I don't understand why the Dems are doing the bare minimum here when so much is at stake :messga:

They’re afraid of Republican backlash. They will always have centrist Dems leashed on a chain - partly bc they just agree w them on some points/are too sensitive to their whines bc they don’t have fully formed justifications for what the left wants in their minds, yet. Other Dems like Bernie and Warren would have gone way further but it’s just Biden being Biden. 

My post history shows I used to care sm about it but like I’m a peace now until I see what the midterms bring. 

If Dems cling to the house and gain seats in the senate I will be sooo happy (esp bc John Fetterman will be there that kinggg)

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Othon

Pathetic. A perfect encapsulation with the uselessness of "moderate" (aka, right-wing) Democrats: slapping a bandaid on a gushing wound and then bragging about it.

$10,000 will accrue in interest in no time. This doesn't solve anything and does absolutely nothing for the millions of people drowning in hundreds of thousands of dollars worth of debt. The government canceled roughly $100,000 per business that took out a PPP loan, they've bailed out every major failing corporation to the tune of trillions with zero strings attached while us lowly commoners who were taken advantage of largely due to laws that Biden wrote get scraps.

He has the power to cancel all of it and deliberately chose not to. Just... evil.

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AsleepOnTheCeiling

I'm happy with it. Not perfectly happy, but it's more than $0, which is what we're apparently entitled to. $10,000 is a start, and combined with an extended pause helps as well. I've been getting my money lined up for this for a while but recognize that this isn't something everyone can do. I hope the midterms pressure congress to revise how loan interest works as this seems to be one of the biggest issues borrowers have. Republicans did propose a bill to do so but came with a bunch of poison pills to sink it. 

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Cancel the interest for good! That’s the outrageous part of this whole scam. 
 

And cancel any interest that has accrued since. 
 

 

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