U.S. President Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said.
Biden has said he will pursue new measures to provide student loan relief to Americans after the Supreme Court blocked his plan to cancel hundreds of billions of dollars in debt.
The president’s announcement, planned for 1 p.m. EDT at the White House, will bring the total approved debt cancellation by the Biden administration to $127 billion for nearly 3.6 million Americans, the White House said.
In 2020 I voted against Trump, in 2024 I’m voting for Biden.
Is there someone better running for a change?
We need Bernard Sanders.
Yes, we need someone even older to stave off the most common complaint about Biden running for reelection
Is the complaint legitimate? Especially hard to make the case for Sanders considering how much of a firebrand he is. Not going to get Sleepy Joe memes out of that.
We need the house and the senate with a comfortable majority. Sanders as president without those critical conditions being met would make little difference.
we need bernard sanders brain inside a younger person. Matt Gaetz isn’t using his? maybe some kind of transplant or brain swap device is in order.
Iam not from US even I agree this
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Bernie will never run for president as an independent. He has spoken and written at length about it.
Independent is actually a political party in the United States. When he ran for President previously he ran as a Democrat.
We can do better. Dr. Cornel West gets my vote.
You aren’t actually serious right?
Cornell has bumbled his micro campaign into irrelevance within weeks of it starting. He’s shown no political savvy. He has run for and won no prior office. He’d be a disaster.
Fetterman, or literally any progressive who has won a federal election is a better option.
Dude, if Fetterman ran I’d vote for him in an instant. Doubly so if he took the oath of office in shorts and a hoodie
You shouldn’t, He just entered federal Politics. He needs experience and more importantly he needs to be stabilize his Health before he would even dream of going to the next level.
He just won his election against a TV host bullshit artist.
He’s playing the game excellently. He’d be a great candidate.
I’m voting for cornel west because I like what he says, not what people say about him. but the people talking shit on him cement my belief he’s the right guy.
This some ignorant ass shit, but I’m not worried.
You don’t really strike me as the “actually votes” type.
I live in a swing state. you can buy my vote for $20,000
Not true at all, still polling at 5% and will get at least that in the general.
Not surprised someone who thinks a walking corpse like Fetterman is a better option would be so ignorant.
Damn man, he didn’t say you were stupid, he just said he disagreed with you. Don’t need to sling mud for a different opinion.
He did insult someone who has likely accomplished 1000x more with his life, Dr. West. So no, I’m not the one slinging mud here.
thinks a walking corpse like Fetterman
Folks, I give to you the anti reality views of the Green Party in real time!
enbys
Wow. First time I’ve seen anti gay rhetoric on Lemmy
Richard Wolff gets mine.
I’d happily vote for Dr. Wolff.
As I’d happily vote Dr. Cornel West, comrade.
People who say this are so fuckin bougie. Poor people can’t afford to throw away their votes, but middle class people fuck over the poor by doing so all the time.
There always has been but people are afraid to vote 3rd party because of the oligarchy’s brainwashing
It’s not brainwashing when the voting system is specifically set up to give an advantage to the dominant parties and to suppress every minority party. There are valid reasons to be skeptical that a 3rd party could ever win without a reformed voting system.
They also can’t win if everybody says “don’t vote for them because they can’t win” so I will carry on voting for them and spreading the word that we all should.
You’d be a lot better off voting for majority party candidates that want to enact ranked-choice voting.
Until that happens, unfortunately the reality is that third parties are going to remain on the margins in the US.
Political parties never change in the US. That’s why I’m still voting for the Whig party.
And it’s always settled to two major parties, in spite of that. The fact that we’ve had several parties over the country’s history but it almost always comes down to two major parties should tell you something.
Fortunately, there may be an opening soon, with Republicans in disarray.
They can’t win because they don’t even play the game correctly. You can’t just get up and give grand speeches about radically different ideas, with little to no strategy or evidence to back it up and expect to jump into literally the most powerful job in the world. It’s utter nonsense. Unless you’re a Billionaire that wants to buy your way in.
You can tell none of the third parties are serious because all their attention goes to the presidency.
They have no consideration for what would happen if they actually won. No representatives in the House, no senators, no state governors even. They’d be lame ducks the instant they were sworn in.
They should be targeting Congressional seats and state governorships. Instead, they’re just grifting money.
They’d be lame ducks the instant they were sworn in.
Congress spent the last century concentrating power in the executive. I think you’d be surprised what a motivated individual could accomplish.
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Simple Math = brainwashing
FPTP makes 3rd parties counterproductive.
It’s not fear. Third parties simply do not work with our system. If you want third parties to succeed, then we need to
- Get rid of the electoral college
- Ranked Choice Voting everywhere
- Vote for them
In 2016 I voted for Gary Johnson because I thought there was really no way anyone would vote for the other two.
Gary Johnson is a fool who didn’t even act like he was seriously running for President. It looked like he drew the short straw.
Still a better choice than what we have today.
I have no idea what elements of libertarianism you like, nor why a ex-Republican for that roll in your mind, but he would have been a bad Republican, but not Trump. He had no chance so it really didn’t matter
And Jo Jorgensen in 2020!
Things I wrote in a GE sociology paper
Amen. Proud to support Dr. Cornel West and the Green party in 2024!
These people are really brainwashed, either that or it’s DNC bots downvoting you
After reading your post history, the only potential bot here is you Boris.
your russophobia is disgusting
So is every Russian who supports Putin.
I couldn’t give a fuck what you and all the rest of the lads at the troll farm think.
🥔
You think I’m Boris Johnson? Mate how did you know
I was approved for relief but thanks to fucking Supreme Court and weak as Biden I am forced to pay student loans. Fuck him. He should of canceled all the debt.
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psssst
ᵗʰᵉʸ ⁿᵉᵛᵉʳ ᵍʳᵃᵈᵘᵃᵗᵉᵈ
Biden made student loans undischargeable even in bankruptcy
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I’d say he didn’t do enough yet.
How is it the result of “weak” Biden? How does a “stronger” president overrule the Supreme Court?
See Andrew Jackson.
Who was objectively a terrible president.
He did that because the supreme court told him not to genocide indigenous folks
You’re saying Biden should invoke more “genocide the indigenous folks” precedents?
He could’ve issued executive order to cancel all student debt. He didn’t he sat on his hands and shurg said fuck you to millions of young people and allow the corrupt Supreme Court overule him.
He could’ve issued executive order to cancel all student debt
This isn’t universally true, and he’s said as much in many statements. Unlike the last administration, he’s having his lawyers review what can and can’t be done knowing that the courts are going to challenge everything he does and given their current slant won’t be kind to anything he does.
https://sc.edu/uofsc/posts/2023/03/conversation_loans.php
https://www.politifact.com/article/2021/jun/14/can-student-loan-debt-be-canceled-presidents-execu/
Also, aren’t executive orders still subject to Supreme Court rulings? What would stop them from just overruling it again?
Nothing would stop them. He’s an experienced Politician that’s not giving up. He doesn’t get enough credit where it’s due.
This is democrats since I’ve been alive. Reagan and Bush create wars and economic disasters, Clinton turns it around. Repeat for Bush Jr and then Obama who had to turn us around from the financial crisis beta. Trump comes in, completely mismanages a pandemic even though there was a literal playbook left for him, tanks the economy, and now Biden has to get it back on track and by objective measures is doing so. And then we have the continued pain points of things like high grocery prices that we’re all still really feeling that are again the result of Trump’s disastrous handling of the pandemic which basically gave these people an excuse to jack prices up as high as they wanted. Note how very few things have rebounded to pre-pandemic, and corp profits are at an all time high.
There is legitimately not an economic argument to be made for republicans unless you’re a billionaire.
Executive orders aren’t “I get to be a dictator today!” edicts.
And how is it Bidens fault the supreme court is corrupt?
Biden made student loans undischargeable even in bankruptcy
Terrible take. Biden was poised to cancel student loan debt, and the Supreme Court said no. You know how the branches of government work, right?
$9 billion for 125k borrowers is $72000 per borrower
Would be nice if they would vanish the 40k in loans I have that I’ve been paying on since the Obama years. I’ve paid in far beyond the total amount I ever borrowed, while the compound interest just added it all back over the years. Progress has been very slow for me to pay that off, started payments with about 50k loans, after being ballooned up from the original principal from several years of economic hardship forbearance where the interest still gets capitalized.
You should look into the Income Driven Repayment plan: https://studentaid.gov/idr/
It’s one of the new major programs from the Department of Education and can help a lot with reducing repayments while eventually being eligible for full forgiveness.
I filled out the application and both the payment and interest doubled for me, not sure where is the benefit here. Hell, maybe I lucked out with my 30 year loan
That’s nice for those who it can help, but I don’t really need help making the payments. I’m just fed up with having to pay them at all since I’ve already paid back much more than I ever borrowed.
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According to a White House fact sheet, the new measures include:
- $5.2 billion in additional debt relief for 53,000 borrowers under Public Service Loan Forgiveness programs
- nearly $2.8 billion in new debt relief for nearly 51,000 borrowers through fixes to “income-driven repayment,” which the White House says are borrowers who made 20 years or more of payments “but never got the relief they were entitled to.”
- And $1.2 billion for nearly 22,000 borrowers who have a disability who have been identified and approved for discharge through a data match with the Social Security Administration.
This is what I was curious about. Thank you.
Finally a bailout that is for the people! You da man Biden!! Yeeyee!!
At least not bailing out some huge corpos that short-term themselves to bankruptcy.
What a monster lol
The world’s on fire.
cool, how about a living wage tho
That’s not his job, that’s congress’s job. He can propose a bill, but wtf is the point when the house doesn’t even have a speaker and the current majority hasn’t brought a single bill to the floor for a vote.
Fight to put a solid majority of Dems in Congress, and you’ll get that. President can’t constitutionally do that.
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Choo choo!!! It’s a gravy train! Cuz gravy will be the most fancy thing you’ll ever be able to afford again.
The standard debt relief stuff that every administration does as it is required by law, but doesn’t bluster about. For example, one cannot just choose to not pay public service benefits as that is part of the deal those workers signed up for.
