Official Student Debt Cancellation Watch Thread

dora_da_destroyer

dora_da_destroyer

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Wargames said:
He forgives my student debt and I will physically fight a motherfukker who says a bad word about him in front of me.

Party loyalty and they’ll win the midterms in a lot of places that are looking tepid right now.
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He forgive even half mine, I’m getting a Big B tattoo:mjgrin:
 
Armchair Militant

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“Cardenas said he reiterated to Mr. Biden that the Hispanic Caucus supports executive action that would forgive at least $10,000 in college debt if Congress can't pass legislation doing so.

In response, Cardenas said the president "smiled and said, 'You're going to like what I do on that, I'm looking to do something on that and I think you're going to like what I do.'" :smugbiden:


Biden sounding like Trump in that quote. :pachaha:
 
GnauzBookOfRhymes

GnauzBookOfRhymes

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GnauzBookOfRhymes said:
This is DEFINITELY going to happen. They are just trying to figure out the politics and more than likely try to also include some kind of overhaul of public education funding so that we don't just end up with the same situation in 10 years. The political shyt that's delaying this is how to treat high income borrowers and how to mollify ppl who have already repaid their loans. I have always suggested those ppl should be able to deduct a certain percentage (based on current income) of whatever they have paid from their income taxes. Another very "Biden-y" thing I could see is some kind of public service requirement for beneficiaries of cancellation.


The reason I'm so confident is that if this was DEFINITELY NOT going to happen, the administration would've sent word to Chuck Schumer to knock it off encouraging ppl to contact their reps etc. And Schumer as the loyal, establishment Dem, would NEVER defy such an order. The fact that Schumer is the public face (as opposed to Warren) also should tell you something.


Biden seems to be the type of person that only wants to focus on one major political issue/bill at a time and honestly in this case I don't blame him. My guess is that they will extend the payment deferral period until 2022. That should give administration enough time to pass the infrastructure bill and go to war over HR 1 (Electoral reform bill). If the economy continues to grow at high rates, they will be in a much stronger position to argue that the country can afford cancellation.


If I owed student loans I would do whatever I could to pay as little as possible in the near future.
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Said this a year ago brehs.

the mistake people are making is looking at this through any angle OTHER than what is the most politically beneficial for biden and dem party. That is the only discussion that is taking place.

Dems are going into HUGE strongwinds the next couple of years.

There WILL be a recession next year. GOP is benefitting from gerrymandering. Post covid economy will be even more unequal than before.

Dems need to cobble together a coalition and young folks will have to turn out in huge numbers.
 
hashmander

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Armchair Militant said:


“Cardenas said he reiterated to Mr. Biden that the Hispanic Caucus supports executive action that would forgive at least $10,000 in college debt if Congress can't pass legislation doing so.

In response, Cardenas said the president "smiled and said, 'You're going to like what I do on that, I'm looking to do something on that and I think you're going to like what I do.'" :smugbiden:


Biden sounding like Trump in that quote. :pachaha:
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of course he smiled, their caucus is only calling for $10k.
 
Worthless Loser

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GnauzBookOfRhymes said:
Said this a year ago brehs.

the mistake people are making is looking at this through any angle OTHER than what is the most politically beneficial for biden and dem party. That is the only discussion that is taking place.

Dems are going into HUGE strongwinds the next couple of years.

There WILL be a recession next year. GOP is benefitting from gerrymandering. Post covid economy will be even more unequal than before.

Dems need to cobble together a coalition and young folks will have to turn out in huge numbers.
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I agree with everything you said in the prior year post except paying as little loans as possible.

I would think this is the time to pay loans since there are 0.00% interest rates.
 
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