Official Student Debt Cancellation Watch Thread

[Bunchy Carter]

Yes, I've lived long enough to recognize when someone's doing lazy deflection instead of engaging with the argument. And old enough to not fall for your horseshyt. I already acknowledged Biden's role in the 2005 Bankruptcy Act, and I've consistently said he should be condemned for it. What you keep dodging -- because you have no answer for it -- is the fact that despite that past, Biden has still canceled over $127 billion in student debt for millions of borrowers, even after after the people you campaigned for sued to stop it. Your only move is to throw out a 20-year-old vote like it's some mic drop, while you ignore the very real sabotage that stop broad relief from happening.

Old ass nikka, it's 1am where you are at.

Biden does not get credit for a little fix to the student loan debt crisis he had a major hand in creating since the 1970's. That's like giving a Nazi who put Jews into the death camp accolades because he help free some Jews right before Normandy, no you are still responsive for the crime.

Because of Biden had a major hand in creating the student loan crisis since the 1970's and a major hand in the 2005 Bankruptcy Act, the 2005 Bankruptcy Act led to the surge of foreclosures in the USA. The 2005 Bankruptcy Act that Biden had a major hand in, Black people suffered the most out of every other race and help destroy Black wealth. If Black families did not have their finances wiped out by Biden's 2005 Bankruptcy Act, they would have had money to pay for their children to college education, which would not have caused them to take out student loans for their children or the children to take out student loans because the Black parents would have had the finances to pay for the education.

Blacks suffer most in U.S. foreclosure surge​

Blacks suffer most in U.S. foreclosure surge

Across the United States, blacks and Hispanics are more likely to get a high-cost, subprime mortgage when buying a home than whites, a major factor in a wave of foreclosures in poor, often black neighborhoods nationwide as a housing slowdown puts millions of “subprime” borrowers at risk of default.

www.nbcnews.com

A 2011 study from the Federal Reserve Bank of New York found that the 2005 bankruptcy bill led to a surge of foreclosures that may not have happened otherwise, translating to an additional 29,000 foreclosures every three months.

https://www.congress.gov/116/meeting/house/111100/documents/HHRG-116-JU08-20201202-SD007.pdf

 

[Pull Up the Roots]

Old ass nikka, it's 1am where you are at.

Biden does not get credit for a little fix to the student loan debt crisis he had a major hand in creating since the 1970's. That's like giving a Nazi who put Jews into the death camp accolades because he help free some Jews right before Normandy, no you are still responsive for the crime.

Because of Biden had a major hand in creating the student loan crisis since the 1970's and a major hand in the 2005 Bankruptcy Act, the 2005 Bankruptcy Act led to the surge of foreclosures in the USA. The 2005 Bankruptcy Act that Biden had a major hand in, Black people suffered the most out of every other race and help destroy Black wealth. If Black families did not have their finances wiped out by Biden's 2005 Bankruptcy Act, they would have had money to pay for their children to college education, which would not have caused them to take out student loans for their children or the children to take out student loans because the Black parents would have had the finances to pay for the education.

Blacks suffer most in U.S. foreclosure surge​

Blacks suffer most in U.S. foreclosure surge

Across the United States, blacks and Hispanics are more likely to get a high-cost, subprime mortgage when buying a home than whites, a major factor in a wave of foreclosures in poor, often black neighborhoods nationwide as a housing slowdown puts millions of “subprime” borrowers at risk of default.

www.nbcnews.com

A 2011 study from the Federal Reserve Bank of New York found that the 2005 bankruptcy bill led to a surge of foreclosures that may not have happened otherwise, translating to an additional 29,000 foreclosures every three months.

https://www.congress.gov/116/meeting/house/111100/documents/HHRG-116-JU08-20201202-SD007.pdf

It's 2:30 am where I'm at now too. The fact that you keep trying to sling insults shows how weak your argument is. I work for myself. I've worked my ass off to be able to afford my own schedule. Your parents should have taught you that. Anyway, you started this by claiming "Biden failed to deliver on his promise to forgive student loan debt." But now that you've been reminded of who actually sued to block broad forgiveness, you've got nothing, so you're flailing to avoid owning your false claim.

I've *recognized and criticized* Biden's role in the 2005 Bankruptcy Act, but that's not the argument here. The argument is: who's responsible for killing broad forgiveness, and who delivered relief despite it. You still haven't answered that, because you can't.

So here's the gauntlet: either engage with reality or just admit you were never serious about debt relief. You don't really have to do this, because we both know how embarrassingly unserious you are as a person. You just needed an excuse to deflect from the fact that the people you supported are the reason the broader plan didn't happen.

 

[Secure Da Bag]

You do know Biden help create the student loan debt crisis when he backed the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act.

How Biden helped create the student debt problem he now promises to fix

The former vice-president and 2020 presidential hopeful backed a 2005 bill that stripped students of bankruptcy protections and left millions in financial stress

www.theguardian.com

He helped cause it. He tried to undo it. But MAGA and the courts blocked it. So at this point, MAGA took and still has ownership of the student debt crisis.

 

[Loose]

He helped cause it. He tried to undo it. But MAGA and the courts blocked it. So at this point, MAGA took and still has ownership of the student debt crisis.

If only biden showed the same interest in waiving student loans that he did with funding a genocide he could have forced the supreme court to make a decision in restating someone's debt. But the reality is Biden didn't actually give a fukk about waiving student loan, it was just a primary promise he kept when consolidating the nomination.

 

[Secure Da Bag]

If only biden showed the same interest in waiving student loans that he did with funding a genocide he could have forced the supreme court to make a decision in restating someone's debt.

He did and it was blocked. Did the Israeli war or US backing ever go to SCOTUS? How could he have forced SCOTUS to make a decision in restating someone's debt?

 

[Loose]

He did and it was blocked. Did the Israeli war or US backing ever go to SCOTUS? How could he have forced SCOTUS to make a decision in restating someone's debt?

No he didn't, he purposely came out with a ridiculous sign up process which allowed the states to have time to challenge the order in the lower courts. If he would have simply waived everyone's student loans with his pen( like everyone asked) it would have been much harder for the supreme court to justify reinstating student loans back on the feds balance sheet. He didnt give two shyts about the potential courts to block the order, which is why he barely discussed the fact that it was blocked in the first place. I truly believe biden was hoping it would get blocked which is why he came out with the convoluted sign up process in the first place. He did not want to erase thay much debt and was just pandering to progressives to win the election

 

[Secure Da Bag]

No he didn't, he purposely came out with a ridiculous sign up process which allowed the states to have time to challenge the order in the lower courts. If he would have simply waived everyone's student loans with his pen( like everyone asked) it would have been much harder for the supreme court to justify reinstating student loans back on the feds balance sheet. He didnt give two shyts about the potential courts to block the order, which is why he barely discussed the fact that it was blocked in the first place. I truly believe biden was hoping it would get blocked which is why he came out with the convoluted sign up process in the first place. He did not want to erase thay much debt and was just pandering to progressives to win the election

 

[Outlaw]

No he didn't, he purposely came out with a ridiculous sign up process which allowed the states to have time to challenge the order in the lower courts. If he would have simply waived everyone's student loans with his pen( like everyone asked) it would have been much harder for the supreme court to justify reinstating student loans back on the feds balance sheet. He didnt give two shyts about the potential courts to block the order, which is why he barely discussed the fact that it was blocked in the first place. I truly believe biden was hoping it would get blocked which is why he came out with the convoluted sign up process in the first place. He did not want to erase thay much debt and was just pandering to progressives to win the election

Cap and revision of history. Your hatred of Biden biases your analysis. If he didn’t really want to do he wouldn’t have done it

 

[Loose]

Cap and revision of history. Your hatred of Biden biases your analysis. If he didn’t really want to do he wouldn’t have done it

I said it at the time that's what he was doing why would thay be a revision of history . The few fhings biden did care about and he openly pushed for quickly which includes infrastructure bill and funding israel.

 

[Pressure]

I said it at the time that's what he was doing why would thay be a revision of history . The few fhings biden did care about and he openly pushed for quickly which includes infrastructure bill and funding israel.

Your entire premise is wrong. The student loans are already in the books and many of which that would be forgiven have already been paid off beyond the principle.

You’re effectively making a bad faith argument where you attempt to conflate a one time deficit with increasing the overall debt .

But you know these things and have allowed TikTok and twitter to think for you.

Anywho, if folks chose Gaza over Harris and a better life at home then they can enjoy what comes of it.

Elections have consequences

 

[Loose]

Your entire premise is wrong. The student loans are already in the books and many of which that would be forgiven have already been paid off beyond the principle.

Large Student loan balances consist of multiple individual loans which are backed by guarantees. Various individuals whom was in bidens department of education at the time have now publicly stated that they themselves did not believe biden ever had true intentions on waiving student loans, because he could have done exactly what i stated above.

 

[Pressure]

Large Student loan balances consist of multiple individual loans which are backed by guarantees. Various individuals whom was in bidens department of education at the time have now publicly stated that they themselves did not believe biden ever had true intentions on waiving student loans, because he could have done exactly what i stated above.

You’ve made the argument that Biden didn’t want to cancel student debt because he didn’t ignore SCOTUS overturning it.

In HL you’re arguing that we should condemn the Trump administration for ignoring SCOTUS.

 

[Loose]

You’ve made the argument that Biden didn’t want to cancel student debt because he didn’t ignore SCOTUS overturning it.

This is literally not what im arguing are you drunk?

 

[Pressure]

This is literally not what im arguing are you drunk?

What sounds drunk is believing that SCOTUS wouldn’t require the Biden administration to enforce its ruling because it would be “unpopular” despite them making plenty of unpopular decisions.



Log off

 

[Loose]

What sounds drunk is believing that SCOTUS wouldn’t require the Biden administration to enforce its ruling because it would be “unpopular” despite them making plenty of unpopular decisions.



Log off

Then force the supreme court to release a unpopular decision tf , instead biden played politics with student loans which shielded most of criticism from the supreme court. Instead of forcing the courts to take thr blame, biden proceeded to play politics in front of his student loan balance constituency whom saw right through what he was doing.