Since Trump is about to wipe out the DoE with an executive order, remember that Biden could have forgiven all federal loans. The parliament smokers couldn’t have stopped him. Congress couldn’t have stopped him. He could have done it and it would have hurt nothing because Trump would have just closed it down anyways.

Biden didn’t because he didn’t want to. The people around him could have talked him into it, but they didn’t want to. The representatives could have went with a different nominee who would be more personally amicable to debt relief, but those people aren’t nominated on purpose. Nobody was stopped by procedure. The procedure worked as planned.

Moreover, Joe Biden owes us $2,000

  • LGOrcStreetSamurai [he/him]@hexbear.netEnglish
    6·
    19 hours ago

    I think about this often. I’m no economics big-brain but I would imagine if student loan jubilee (hell, even an “easing” on student loans) occurred, but it would really free up an entire generation of workers to do stuff. Move out their parents house, start families, buy a house, maybe start a business, maybe not be so depressed, all that sort of stuff. I understand why they don’t do it, but every time they conjure a gazillion dollars of aid to whatever client state or MEGACORP it just makes me so made they can’t spend a fraction of that on student loans. Education in America is so borked, which sucks as I believe education is actually cool and good. However we have just made education carnival of nightmares.

  • IHave69XiBucks@lemmygrad.mlEnglish
    9·
    1 day ago

    Im actually curious about what this means for future students? Are they just gonna get rid of student aid, and go full private for student loans? Not only is that gonna reduce the number of people going to school, which reduces americas ability to keep up technologically, but the feds make tons of money off those loans. This just seems like a huge mistake for the evil empire to make.

    • goferking (he/him)@lemmy.sdf.orgEnglish
      29·
      1 day ago

      he tried so hard but it was the courts fault

      please ignore everything showing he did the weakest possible method than gave up and just forgave the loans that should have already been forgiven years ago

  • came_apart_at_Kmart [he/him, comrade/them]@hexbear.netEnglish
    43·
    1 day ago

    a tragedy here is that, the leeway this administration is exercising via executive authority to topple and wreck government services SHOULD be instructive to the blue MAGA ensorcelled voters who believed all the nonsense about supposed limitations to presidential power. there SHOULD be some gain in understanding when the sacred veil is torn apart publicly by a pack of wild boars.

    but i have a feeling even the complete and unilateral destruction-by-decree of institutions created by legislation will be successfully memory holed as the dem leadership fight hard to restore CIA fronts and coup-plotting mechanisms while wearing kente cloth and having photo ops about the widespread social murder from the implosion of what child hunger and poverty programs still existed at the start of 2025.

    • xiaohongshu [none/use name]@hexbear.netEnglish
      14·
      1 day ago

      I’m willing to bet that this plays out like the Cultural Revolution but with an American twist.

      Elon’s Bazinga Guards will be given the highest authority to smash up the old system and create disruptions all over the country, the banishing of Federal Bureaucrats and DEI Academics to the countryside. And when the turmoil was at its peak, Trump will rein in the terror and cut the music, paving the way for the return of formerly exiled Bureaucrats to take charge of the reform, and the complete transition of the ruling party into a New Republican Party with Democratic characteristics, that will go on to win in a landslide in the 2028 election.

      In other words, this is a Revolution within the American bourgeois class to resolve the internal contradictions of the American political system to prepare its transition to the next stage of Fascism.