US Supreme Court strikes down student loan forgiveness plan

[Yellowtail]

6 minutes ago, bamnutsak said:

 

Virtually all PPP loans have been forgiven with limited scrutiny

 

As COVID-19 shutdowns threatened businesses back in 2020, the U.S. government began issuing nearly $800 billion in potentially forgivable Paycheck Protection Program loans. The program was designed to help small businesses keep workers employed during the uncertain early days of the pandemic.

 

More than two years later, the overwhelming majority of these loans have transformed into government grants, as 91% have been either fully or partially forgiven, according to an NPR analysis of data released by the Small Business Administration on Oct. 2.

 

The SBA expects that figure to grow to nearly 100% as more forgiveness requests are processed this fall.

 

https://www.npr.org/2022/10/12/1128207464/ppp-loans-loan-forgiveness-small-business

 

I did not and do not support forgiving those loan either. That said, the government compelled hundreds of thousands of businesses to shut down. 

 

I don't remember them compelling college students to take loans. 

[ozimoron]

2 minutes ago, Yellowtail said:

I did not and do not support forgiving those loan either. That said, the government compelled hundreds of thousands of businesses to shut down. 

 

I don't remember them compelling college students to take loans. 

How else were the poorer students going to get an education? Rich kids never needed to take student loans.

[Yellowtail]

1 hour ago, ozimoron said:

How else were the poorer students going to get an education? Rich kids never needed to take student loans.

I have nothing against student loans, and I have nothing against scholarships and grants for the poor, I am against forgiving loans to people loans at the expense of the poor people that did not benefit from the loans, and the poor people chumps that worked hard, sacrificed and paid the loans back. 

 

I get it, I think 90% of the graduates with loans share your ideology, and I think you'd like to help them, largely at the expense of the people that do not. 

 

 

 

[KhunLA]

4 hours ago, ozimoron said:

How else were the poorer students going to get an education? Rich kids never needed to take student loans.

What makes you think they are poor ?

[Yellowtail]

9 hours ago, KhunLA said:

What makes you think they are poor ?

Exactly, the poor kids are either working or on the teat. 

 

If the left really wanted to help poor, they'd focus on improving K-12 schools in poorer, particularly inner-city black areas where I think often virtually none of the students can read and do math at grade level. 

 

Why all the focus on university while the people that need help the most ignored? 

 

President Biden, please take the money you were going to spend pandering for votes forgiving student loans and spend it improving inner-city schools where people really need help. 

 

 

[vandeventer]

A pipe dream to get more young votes.. He really needs to quit and find hos marbles.

[Yellowtail]

6 minutes ago, vandeventer said:

A pipe dream to get more young votes.. He really needs to quit and find hos marbles.

It's not a dream, they'll get it through, even they have to pack the court. 

[riclag]

biden democracy struck down by more  courts!

The first time was the  highest court in the land , SC , but biden ignored it!

 

A federal judge in each state approved partial preliminary injunctions on Monday.

That means two parts of the plan will be halted nationwide while the cases are litigated.

https://www.ky3.com/2024/06/25/courts-halt-part-bidens-student-loan-repayment-plan/?utm_source=twitter&utm_medium=Social&utm_campaign=snd&utm_content=kytv

 

[Yellowtail]

14 minutes ago, riclag said:

biden democracy struck down by more  courts!

The first time was the  highest court in the land , SC , but biden ignored it!

 

A federal judge in each state approved partial preliminary injunctions on Monday.

That means two parts of the plan will be halted nationwide while the cases are litigated.

https://www.ky3.com/2024/06/25/courts-halt-part-bidens-student-loan-repayment-plan/?utm_source=twitter&utm_medium=Social&utm_campaign=snd&utm_content=kytv

 

He'll just blame Trump

[herfiehandbag]

A couple of questions.

 

Was "forgiving" student loans part of Biden's programme when he was standing for election, and won that electiin

 

Was the matter debated and passed through Congress?

 

If so, can the Supreme Court over ride the expressed wish of the electorate, or has It now taken upon itself those powers?

[riclag]

19 minutes ago, Yellowtail said:

He'll just blame Trump

Andrew Bailey AG from Missouri is extremely tenacious . Say what?

[Yellowtail]

2 minutes ago, herfiehandbag said:

A couple of questions.

 

Was "forgiving" student loans part of Biden's programme when he was standing for election, and won that electiin

Yes

2 minutes ago, herfiehandbag said:

Was the matter debated and passed through Congress?

No

2 minutes ago, herfiehandbag said:

If so, can the Supreme Court over ride the expressed wish of the electorate, or has It now taken upon itself those powers?

No one voted on loan forgiveness. 

 

The Supreme Court should consider the popularity of a particular issue, the court's only concern should be the legality. In this case, the court rightly concluded that the President does not have to power to forgive student loans. 

 

 

[Yellowtail]

11 minutes ago, herfiehandbag said:

A couple of questions.

 

Was "forgiving" student loans part of Biden's programme when he was standing for election, and won that electiin

 

Was the matter debated and passed through Congress?

 

If so, can the Supreme Court over ride the expressed wish of the electorate, or has It now taken upon itself those powers?

And the whole time Biden was pandering for votes with loan forgiveness, he was told repeatedly that it was unconstitutional. Even after the court ruled against him, he keeps trying to illegally buy votes on the backs of the taxpayers. 

 

Why should people that took no student loan, or took a student loan and paid it back, have to pay for the deadbeats that are not paying down their loans? How does that make sense? 

[Woof999]

On 7/9/2023 at 2:44 PM, Yellowtail said:

I think a disproportionate percentage of college graduates in the US are Democrats, coincidence? I think not. 

 

An old post I know but I guess it shows that education works.

[Yellowtail]

2 minutes ago, Woof999 said:

 

An old post I know but I guess it shows that education works.

Indeed. 

[riclag]

9 minutes ago, Yellowtail said:

And the whole time Biden was pandering for votes with loan forgiveness, he was told repeatedly that it was unconstitutional. Even after the court ruled against him, he keeps trying to illegally buy votes on the backs of the taxpayers. 

 

Why should people that took no student loan, or took a student loan and paid it back, have to pay for the deadbeats that are not paying down their loans? How does that make sense? 

Pandering ,is  biden  dem democracy !

 

methinks

[Cryingdick]

It has been well known for quite sometime that Biden doesn't have the authority to forgive or transfer student loans. His brain was trying to write checks his ass couldn't cash. He should keep his executive orders limited to areas he does have such powers like securing the border.

 

This thread really has brought the inner hypocrites out in force. They should get them government out of the loan business and bring back being able to go bankrupt on student loans. Tuitions are so high because the government backs anything. 

 

Let colleges make the loans and if they sold you snake oil take the risk that if you dont end up earning money you will go bankrupt. It doesn't matter if you agree with forgiving student debt or not, this was never going to happen this way. Nice try on an election year though. He will simply n have to find a legal way to try to get young people to stop hating him.