Student Loan Forgiveness Discussion

[Jamalisms]

In a purely clinical political sense, taking out the right or the wrong of it, I don't think the Democratic party fully appreciates the fall out they're going to experience over Biden's failed promise to take care of student loans.

 

It's clear he doesn't actually care and that he simply said words to appease people. It's beyond a failed promise, he gives every sign of thinking it's a bullshit idea and they he could care less.

 

This impacts people's lives in a very direct sense, it's an important issue to them and ... because of the pause ... it's going to feel like Biden is personally adding multiple hundreds of dollars to their bills every month. He'll own it, the democrats will own it.

 

People are going to be both pissed off and disillusioned. And that disillusionment is going to be a significant problem to overcome, especially because a few senators have stuff in the way of basically every other promise and the democrats only have themselves (as a party) to blame for not getting stuff done.

 

To succeed in the next election, they're going to need to effectively argue that, even though they were standing in their own way, if there were more of them, then they could defeat themselves and Republicans. It's an awkward and painful argument to make. I don't think it'll be successful.

 

[AJClown]

2 hours ago, Jamalisms said:

In a purely clinical political sense, taking out the right or the wrong of it, I don't think the Democratic party fully appreciates the fall out they're going to experience over Biden's failed promise to take care of student loans.

 

It's clear he doesn't actually care and that he simply said words to appease people. It's beyond a failed promise, he gives every sign of thinking it's a bullshit idea and they he could care less.

 

This impacts people's lives in a very direct sense, it's an important issue to them and ... because of the pause ... it's going to feel like Biden is personally adding multiple hundreds of dollars to their bills every month. He'll own it, the democrats will own it.

 

People are going to be both pissed off and disillusioned. And that disillusionment is going to be a significant problem to overcome, especially because a few senators have stuff in the way of basically every other promise and the democrats only have themselves (as a party) to blame for not getting stuff done.

 

To succeed in the next election, they're going to need to effectively argue that, even though they were standing in their own way, if there were more of them, then they could defeat themselves and Republicans. It's an awkward and painful argument to make. I don't think it'll be successful.

 

Did Biden actually promise to forgive all these loans?

[Jamalisms]

He promised $10k cancellation for everyone and full forgiveness for public university students who earn less than $125k.

[Rogue]

5 hours ago, Jamalisms said:

In a purely clinical political sense, taking out the right or the wrong of it, I don't think the Democratic party fully appreciates the fall out they're going to experience over Biden's failed promise to take care of student loans.

 

It's clear he doesn't actually care and that he simply said words to appease people. It's beyond a failed promise, he gives every sign of thinking it's a bullshit idea and they he could care less.

 

This impacts people's lives in a very direct sense, it's an important issue to them and ... because of the pause ... it's going to feel like Biden is personally adding multiple hundreds of dollars to their bills every month. He'll own it, the democrats will own it.

 

People are going to be both pissed off and disillusioned. And that disillusionment is going to be a significant problem to overcome, especially because a few senators have stuff in the way of basically every other promise and the democrats only have themselves (as a party) to blame for not getting stuff done.

 

To succeed in the next election, they're going to need to effectively argue that, even though they were standing in their own way, if there were more of them, then they could defeat themselves and Republicans. It's an awkward and painful argument to make. I don't think it'll be successful.

 

I don't agree with the student debt forgiveness, but a lot of people do.  This will come back on Biden hard.  That said, where else do they have to turn?  Republicans aren't going to do it.  Voting for candidates that support it will likely lead to a failed election unless they have other policies that appeal to the masses.  

I don't see a path forward to student debt forgiveness.  I do see a path to confront high education costs, in whatever means it manifests itself.  But I think student debt forgiveness is a dead end and politically detrimental.  

 

[AJClown]

20 minutes ago, Rogue said:

I don't agree with the student debt forgiveness, but a lot of people do.  This will come back on Biden hard.  That said, where else do they have to turn?  Republicans aren't going to do it.  Voting for candidates that support it will likely lead to a failed election unless they have other policies that appeal to the masses.  

I don't see a path forward to student debt forgiveness.  I do see a path to confront high education costs, in whatever means it manifests itself.  But I think student debt forgiveness is a dead end and politically detrimental.  

 

 

I do not understand the mentality that "to not give me something is to take that something away from me". Respectfully, that seems to come from a place of extreme sense of entitlement.

 

 

People who put their faith and welfare in the hands of government get what they deserve.

Edited September 21, 2021 by unauthorizedcinnamon

[luvyablue256]

The student debt debacle is what will really sink Dems. Its not even a discussion in the reconciliation bill. 

 

Maybe this is a 2022 priority, but it smells like a bait-and-switch.

[wtenn]

On 9/20/2021 at 10:04 PM, Rogue said:

I don't agree with the student debt forgiveness, but a lot of people do.  This will come back on Biden hard.  That said, where else do they have to turn?  Republicans aren't going to do it.  Voting for candidates that support it will likely lead to a failed election unless they have other policies that appeal to the masses.  

I don't see a path forward to student debt forgiveness.  I do see a path to confront high education costs, in whatever means it manifests itself.  But I think student debt forgiveness is a dead end and politically detrimental.  

 

I think it could lead to proponents of student debt forgiveness, who are not overly political, to become apathetic and not vote at all.

[abenjami]

I actually respect Biden more for not doing the bullshit student loan forgiveness. 

[Jamalisms]

10 hours ago, wtenn said:

I think it could lead to proponents of student debt forgiveness, who are not overly political, to become apathetic and not vote at all.

 

It's absolutely taking a younger, more progressive leaning population of voters and turning them off of politics entirely because "neither party is worth it." This is only a portion of that, because the Democratic party hates the progressives in their midst. But it's a big part of it.

 

It's one of the chief differences between the Republican party and the Democratic party, actually. The Republicans don't have any problem giving things to the fringe parts of their party and they'll vote in lock step on everything. They morph more fringe over time. The Democrats hate their smaller contingents and can't vote together on anything. They refuse to change and will die on their separate hills.

[luvyablue256]

9 hours ago, abenjami said:

I actually respect Biden more for not doing the bullshit student loan forgiveness. 

 

I would but he campaigned on it. I know for a fact that a lot of HBCU grads (and many others who would qualify based on the campaign criteria) were counting on this. I am one of many, but most won't be pragmatic and will lose faith and not vote. 

 

This is Biden's biggest issue IMO.  

 

https://www.insidehighered.com/quicktakes/2020/04/10/bidens-new-student-loan-cancellation-plan

 

Joe Biden on Thursday announced a plan to cancel student loan debt for low- and middle-income borrowers who attended a public college or private historically black institution.

The former vice president and Democratic presidential nominee's proposal, announced in a Medium post, moves him somewhat closer to the debt cancellation plan from Senator Bernie Sanders, who dropped out of the presidential race earlier this week and had said he would seek to cancel all student debt as president.

Biden's plan would forgive all undergraduate tuition-related federal student debt for borrowers who earn up to $125,000 a year and who attended community college or four-year public colleges and universities. The federal government would cover monthly payments for borrowers until the forgivable amount was paid off under his proposal, which would apply to borrowers who attended private HBCUs or minority-serving institutions.

 

https://www.forbes.com/sites/adamminsky/2021/09/20/key-biden-official-suggests-mass-student-loan-forgiveness-isnt-going-to-happen/?sh=3c913ed4eb11

 

The Biden administration has purportedly been conducting a formal review of legal authorities that could be used as a basis for broad student loan forgiveness since April. The results of that review have not yet been released. But Cordray’s comments provide a window into the administration’s thinking, and strongly implies that a decision about the mass cancellation of student loan debt may have already been made.

Edited September 23, 2021 by luvyablue256

[Vintagerobots]

On 9/20/2021 at 4:15 PM, Jamalisms said:

In a purely clinical political sense, taking out the right or the wrong of it, I don't think the Democratic party fully appreciates the fall out they're going to experience over Biden's failed promise to take care of student loans.

 

It's clear he doesn't actually care and that he simply said words to appease people. It's beyond a failed promise, he gives every sign of thinking it's a bullshit idea and they he could care less.

 

This impacts people's lives in a very direct sense, it's an important issue to them and ... because of the pause ... it's going to feel like Biden is personally adding multiple hundreds of dollars to their bills every month. He'll own it, the democrats will own it.

 

People are going to be both pissed off and disillusioned. And that disillusionment is going to be a significant problem to overcome, especially because a few senators have stuff in the way of basically every other promise and the democrats only have themselves (as a party) to blame for not getting stuff done.

 

To succeed in the next election, they're going to need to effectively argue that, even though they were standing in their own way, if there were more of them, then they could defeat themselves and Republicans. It's an awkward and painful argument to make. I don't think it'll be successful.

 

I haven't been making payments on my student loans in hopes that they would be forgiven. Now all I've done is miss out on a year of no-interest payments. 

[Guest]

I swear, I do not understand why Americans bristle at any suggestion to help regular people but have no strong opinions when that support is generated upwards. Some of you fuckers would gladly suck the king's dick if it meant preventing a fellow serf from getting a first kiss. 

 

 

[Titans279]

2 hours ago, luvyablue256 said:

 

I would but he campaigned on it. I know for a fact that a lot of HBCU grads (and many others who would qualify based on the campaign criteria) were counting on this. I am one of many, but most won't be pragmatic and will lose faith and not vote. 

 

This is Biden's biggest issue IMO.  

 

https://www.insidehighered.com/quicktakes/2020/04/10/bidens-new-student-loan-cancellation-plan

 

Joe Biden on Thursday announced a plan to cancel student loan debt for low- and middle-income borrowers who attended a public college or private historically black institution.

The former vice president and Democratic presidential nominee's proposal, announced in a Medium post, moves him somewhat closer to the debt cancellation plan from Senator Bernie Sanders, who dropped out of the presidential race earlier this week and had said he would seek to cancel all student debt as president.

Biden's plan would forgive all undergraduate tuition-related federal student debt for borrowers who earn up to $125,000 a year and who attended community college or four-year public colleges and universities. The federal government would cover monthly payments for borrowers until the forgivable amount was paid off under his proposal, which would apply to borrowers who attended private HBCUs or minority-serving institutions.

 

https://www.forbes.com/sites/adamminsky/2021/09/20/key-biden-official-suggests-mass-student-loan-forgiveness-isnt-going-to-happen/?sh=3c913ed4eb11

 

The Biden administration has purportedly been conducting a formal review of legal authorities that could be used as a basis for broad student loan forgiveness since April. The results of that review have not yet been released. But Cordray’s comments provide a window into the administration’s thinking, and strongly implies that a decision about the mass cancellation of student loan debt may have already been made.

 

There's no way this is the most important issue. Literally 0 chance.

Ultimately it's all about the economy and covid.

 

No offense but the percentage of people who have college debt is not large and the number of black people with college debt is an even smaller fraction of that fraction.

 

You see this as the biggest issue because of who you know.

 

 

[luvyablue256]

8 minutes ago, Titans279 said:

 

There's no way this is the most important issue. Literally 0 chance.

Ultimately it's all about the economy and covid.

 

No offense but the percentage of people who have college debt is not large and the number of black people with college debt is an even smaller fraction of that fraction.

 

You see this as the biggest issue because of who you know.

 

Democrats can't afford to lose any votes, much less Black votes. The party is already fighting reduced enthusiasm for midterm elections. This would make it worse. 

 

It's going to be an issue. 

[Titans279]

7 minutes ago, luvyablue256 said:

 

Democrats can't afford to lose any votes, much less Black votes. The party is already fighting reduced enthusiasm for midterm elections. This would make it worse. 

 

It's going to be an issue. 

 

I don't think it'll matter enough to change things.

 

If they thought it was it would have been easy to just do the 10K forgiveness idea. They just don't think it matters and they're probably right.