Official Student Debt Cancellation Watch Thread
- Thread starter Serious
- Start date
I agree from the standpoint that it gives dems something to run on that’s popular and something that’s not delayed investment like the infrastructure but it’s not fair to say he’s given up. Biden hasn’t broken a single campaign promise related to student loans
you’re all over the placeEnding the unemployment and eviction thing was the right thing to do and those fund were repurposed to the infrastructure bill
none of these things were meant to be permanent and they were only suppose to provide relief during the pandemic shut down
mastermind
Rest In Power Kobe
I keep forgetting the pandemic is over and everyone outside of the millionaires are doing fine. my bad.
Ending the unemployment and eviction thing was the right thing to do and those fund were repurposed to the infrastructure bill
none of these things were meant to be permanent and they were only suppose to provide relief during the pandemic shut down
Full employment is measured at 4%. The current unemployment rate is 4.2%.I keep forgetting the pandemic is over and everyone outside of the millionaires are doing fine. my bad.
there’s no one out of work and needing enhanced unemployment benefits due to the pandemic.
The Covid relief bill gave 22 billion to rent and mortgage relief for renters and borrower. The halt had to stop and it’s not like people are being left stranded
like I said, you’re all over the place
I forgot about the teacher and nurses debt cancellation
See this is the thing. People in this thread will claim this + social media blogs like the shaderoom and baller alert posting this don't matter, but the narrative is being set. Awful optics
mastermind
Rest In Power Kobe
Yeah breh, you don't care. You are a conservative.
there’s nothing conservative about what I’m saying and there’s nothing progressive about keeping temporary pandemic relief that aren’t being usedI would’ve kept student loan pause tho because it’s an easy thing to run on in 22
mastermind
Rest In Power Kobe
It is conservative. We in a global pandemic and you are citing the topline metrics to show things are fine. You even said "hey the money was handed out for renters," while either dismissing or ignoring---and knowing you, you don't care for nuance like a conservative---that the money hasn't actually gone to renters because the law was written poorly.
I would’ve kept student loan pause tho because it’s an easy thing to run on in 22
You are from that Clinton Democrat tradition. This shyt is being handled pretty bad right now and I am sure you will be stunned that people don't vote next year and 2024 when a republican steps in, you will dismiss it as voters are stupid.
Or maybe the internet lets people complain more and hurts democrats more for being responsible?
Only things Dems are responsible over is shooting themselves in the foot, time after time again.
Where’s the data that shows enhanced unemployment benefits are needed at now?
Dems are going to lose in 2022 because that’s just how elections work in America. It’s much easier to campaign against someone in office than it is to sell your record
I am as progressive as they come but I’m also realistic. Legislation requires time, compromise and luck. The federal government moves slow and payoff from is usually delayed
NASFAA | Highly Redacted Student Loan Forgiveness Memo Becomes Public, Has Existed Since April
By Owen Daugherty, NASFAA Staff Reporter
The White House has reportedly had a long-awaited memo outlining its potential authority to forgive student loan debt for months, but has yet to publicly release the full memo despite calls from Democratic lawmakers to do so.
The existence of the heavily redacted memo was first reported by the New Yorker late last week, and though the memo doesn’t contain much information regarding President Joe Biden’s executive authority to unilaterally wipe out student loan debt for millions of borrowers without legislation from Congress, it does show that the White House has had the memo for more than six months.
A first draft of the memo, titled "The Secretary's Legal Authority for Broad-Based Debt Cancellation," has existed since April 5, just weeks after the memo was first requested and days after White House Chief of Staff Ron Klain announced the White House had asked the Department of Education (ED) and the Department of Justice (DOJ) to review Biden’s legal authority to cancel student debt.
The memo consists of almost completely redacted pages, and internal emails obtained by the Debt Collective along with the memo show ED officials on April 3 saying ED would "likely be preparing an updated version of the memo prepared in February." White House Press Secretary Jen Psaki in February said for the first time that the administration was reviewing its legal authority to cancel student loan debt and that the White House had requested a memo on the matter.
Virtually the only portion of the memo left unredacted refers to the authority Education Secretary Miguel Cardona possesses that allows him to extend the interest-free payment pause on federal and federally-held student loans.
Democratic lawmakers have for weeks been pressuring the White House to release the memo. In a letter sent to Biden and Cardona last month, a group of Democratic House lawmakers — led by Reps. Ilhan Omar (D-Minn.) and Alexandria Ocasio-Cortez (D-N.Y.) — urged them to release the long-awaited memo.
The newfound existence of the memo and the knowledge that it has existed for months has renewed activists’ and progressive lawmakers’ calls for Biden to offer widespread student debt forgiveness for millions of borrowers “with the flick of a pen.”
Up to this point, however, both Biden and Cardona have said they are still reviewing the matter. With student loan payments set to resume in February following a nearly two-year pause on payments due to the coronavirus pandemic, those pushing for debt forgiveness see the months before the payment pause ends as the best — and last — chance to achieve student debt forgiveness.
