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Forum » Supreme court rules Biden's student loan forgiveness is unconstitutional
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Thread: Supreme court rules Biden's student loan forgiveness is unconstitutional

post 1685603473 06-30-2023, 09:51 AM
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Originally Posted By MEDITATE⏩
this is so dumb... why would they want to cancel student loans?imo ... if you wanna cancel one type of loan.. then cancel all loans
Difference is all other popular loans (car/business/home) can be wiped out through bankruptcy.
Originally Posted By HateLiberals⏩
Aaaaaaaaahahahahha
It's all fun and games until we get a "president AOC" that stacks the Supreme Court
post 1685603503 06-30-2023, 09:52 AM
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Originally Posted By Jaydawg08⏩
It only struck down this via the HEROES, Biden still can push it through via the Higher Education Act
man our government is GOAT at keeping controversial topics alive just enough to keep us fighting about them

Like they perfected it.
“The stories and information posted here are artistic works of fiction and falsehood. Only a fool would take anything posted here as fact.“

PS: Don't eat poop, just don't let the idea of it stop you from living life to its fullest.
post 1685603583 06-30-2023, 09:53 AM
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damn, that SC is the GOAT.

trump might have only had one term so far, but he's the best president in 30 years just based on the SC
post 1685603653 06-30-2023, 09:54 AM
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Originally Posted By Maestro⏩
Difference is all other popular loans (car/business/home) can be wiped out through bankruptcy.
I actually have no problem with Student loan debt being allowed in bankruptcy. I do think that if it was a loan funded through the government and not private, then the school that got the money should be on the hook for some of it.
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post 1685603803 06-30-2023, 09:57 AM
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Originally Posted By eddiehaskell⏩
why would you take out so much in loans if you aren't basically guaranteed a job that will easily pay them back?
Because they were mostly 18 years old and stupid. What the loan is for is worth a fraction of what they payed, and the kicker is they're the only loans you can't declare bankruptcy on. It's why tuition is like 60k a year at some schools. These are almost no-risk loans for the lenders, and the sky's the limit for raising tuition because of easy access to this loan money.

This bailout would have been for these lenders anyway, but unlike other bailouts it might have helped regular people just a tiny bit, without fixing the underlying problem at all.
post 1685603873 06-30-2023, 09:59 AM
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Originally Posted By Maestro⏩
Yep and most likely to be the last republican president for a generation.

But, whatever triggers the libtards, am I rite?
If this is true, so be it. We don't need a RINO just to try to win (or be allowed to win, so 81 gorillion doesn't happen again). It's a lose-lose situation if this is true.
post 1685603973 06-30-2023, 10:00 AM
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#37
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Doesn’t matter, they’ll just dangle another carrot in the face of their retarded supporters come voting time. Libs love gibs.
ANTI ANTIFA WORLDWIDE - DESTROY THE RED SCUM
post 1685604053 06-30-2023, 10:01 AM
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Originally Posted By coast2coastam⏩
Because they were mostly 18 years old and stupid. What the loan is for isn't worth a fraction of what they payed, and the kicker is they're the only loans you can't declare bankruptcy on. It's why tuition is like 60k a year at some schools. These are almost no-risk loans for the lenders, and the sky's the limit for raising tuition because of easy access to this loan money.

This bailout would have been for these lenders anyway, but unlike other bailouts it might have helped regular people just a tiny bit, without fixing the underlying problem at all.
perhaps instead of worrying about advanced calculus 8...schools should be teaching these scholars the basics of money management?
post 1685604503 06-30-2023, 10:08 AM
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#39
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Originally Posted By eddiehaskell⏩
why would you take out so much in loans if you aren't basically guaranteed a job that will easily pay them back?
Variable (instead of a fixed) interest rate that fluctuates with the economy? Injury or illness?

...or they got a degree in women's studies and now works as a barista at 36 years old while still living with their parents.

But of course, it's more convenient to attack the later.
post 1685604513 06-30-2023, 10:09 AM
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Originally Posted By eddiehaskell⏩
perhaps instead of worrying about advanced calculus 8...schools should be teaching these scholars the basics of money management?
More like instead of worrying about gender fluidity, but that's a whole other matter.
post 1685604833 06-30-2023, 10:13 AM
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Why not just cheapen college?

Better yet, if it's so expensive, why no skip college a couple years? No attendance = lower prices.
post 1685604843 06-30-2023, 10:14 AM
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Originally Posted By Maestro⏩
Variable (instead of a fixed) interest rate that fluctuates with the economy? Injury or illness?

...or they got a degree in women's studies and now works as a barista at 36 years old while still living with their parents.

But of course, it's more convenient to attack the later.
mountains of debt that can't be paid by young person because of injury or illness...what percentage of unplayable debt does this population make up? 1%?
post 1685604993 06-30-2023, 10:18 AM
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If they wanted to forgive loans, they should have put it through congress during his first 2 years. That's how things are supposed to work: congress controls the purse strings.

Themechanismhe was trying to use was unconstitutional. The president doesn't just get to spend loads of money without approval from congress. Look at Trump and "the wall".
Screw nature; my body will do what I DAMN WELL tell it to do!

The only dangerous thing about an exercise is the person doing it.

They had the technology to rebuild me. They made me better, stronger, faster......
post 1685605013 06-30-2023, 10:18 AM
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#44
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Originally Posted By eddiehaskell⏩
mountains of debt that can't be paid by young person because of injury or illness...what percentage of unplayable debt does this population make up? 1%?
1% of the 40 million student loan borrowers is 400k people. Thats almost the size of the entire population of Wyoming. And it's the size of most midsized cities.
Originally Posted By MikeLowrrrey⏩
Why not just cheapen college?
Why would they when they know they can get away with charging more?
post 1685605063 06-30-2023, 10:19 AM
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No one forced them to go to college.
Truth is out there
post 1685605123 06-30-2023, 10:21 AM
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Originally Posted By Maestro⏩
1% of the 40 million student loan borrowers is 400k people. Thats almost the size of the entire population of Wyoming. And it's the size of most midsized cities.



Why would they when they know they can get away with charging more?
sometimes you catch a bad break in life. that's just life. should 5'2" dudes get bailed out with submissive wives?
post 1685605223 06-30-2023, 10:24 AM
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Originally Posted By DuracellBunny⏩
If they wanted to forgive loans, they should have put it through congress during his first 2 years. That's how things are supposed to work: congress controls the purse strings.
.
Wouldn't have passed. They had a slim majority and Sinema and Manchin would have voted against it.
post 1685605333 06-30-2023, 10:25 AM
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Hell yeah. I can’t wait to give more money to the elites who influence all laws in this nation instead. In fact, I donate my entire check to the 1% because maybe if I’m lucky they’ll hand me a pair of their worn bootstraps and let me into their club.

I’m super glad my taxes helped bailout banks, and airlines, and hundreds of millions of dollars in ppp loans that were definitely not used to just give money to the connected people.

It’s also super fair because when the average person was trolling the market with GameStop stock, they stopped letting the plebs trade because it was hurting their daddies.
Lurking since '05 - the days of VS gorilla/cloud/goku threads
post 1685605363 06-30-2023, 10:26 AM
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Originally Posted By eddiehaskell⏩
sometimes you catch a bad break in life. that's just life. should 5'2" dudes get bailed out with submissive wives?
That's fine until it starts affecting the economy directly. I guarantee in 6 months you'll have financial analysts on TV pondering the question why holiday sales are in a slump or why noones buying homes or why homelessness has increased.

Increase homelessness and financial disparity means more potential for crime which directly affects all of us.
post 1685605493 06-30-2023, 10:29 AM
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Pelosi even said Biden has no power to pay off student debt. Only a act of Congress can do so. I don't see why people are surprised at this. We all knew this was the outcome.

Hats off to Biden, you bought votes without actually buying them. Its brilliant. Just like the Ukraine, not technically at war but Biden gets the laundry all the crypto he wants. Elite liberals are winning in a big way.

Conservatives need to take notes

Prediction, Democrats win the next presidential election but it won't be with Biden. Until Conservatives will go to the depths of hell to lie, steal and cheat. They have no power anymore. Pick up the slack please
post 1685605583 06-30-2023, 10:30 AM
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Originally Posted By Maestro⏩
That's fine until it starts affecting the economy directly. I guarantee in 6 months you'll have financial analysts on TV pondering the question why holiday sales are in a slump or why noones buying homes or why homelessness has increased.

Increase homelessness and financial disparity means more potential for crime which directly affects all of us.
10,000 in student loan forgiveness will fix all that? Just throw free money to people and fix everything.
post 1685605693 06-30-2023, 10:31 AM
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Originally Posted By Maestro⏩
Wouldn't have passed. They had a slim majority and Sinema and Manchin would have voted against it.
I know. Not everybody gets to pass what they want. But that is the mechanism for spending.

Presidents don't just get to spend money on whatever they want. That's not how the system works.

If they want to do loan forgiveness, it is going to have to go through congress. Every time they try and back door it, it will get slapped down. A precedent for a president spending $400B without congress would result in every president spending money like a drunken sailor on every single thing that would get them votes.
Screw nature; my body will do what I DAMN WELL tell it to do!

The only dangerous thing about an exercise is the person doing it.

They had the technology to rebuild me. They made me better, stronger, faster......
post 1685605823 06-30-2023, 10:34 AM
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Originally Posted By eddiehaskell⏩
10,000 in student loan forgiveness will fix all that? Just throw free money to people and fix everything.
Up to $20k for many of them and with the average amount owed on a loan being about $35k it would at least significantly lower the amount they had to pay per month. Now, they're not only going to have to pay that back but also retroactive interest which is a very VERY stupid move politically.
post 1685605943 06-30-2023, 10:37 AM
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Originally Posted By Maestro⏩
Up to $20k for many of them and with the average amount owed on a loan being about $35k it would at least significantly lower the amount they had to pay per month. Now, they're not only going to have to pay that back but also retroactive interest which is a very VERY stupid move politically.
if the average amount is $35k instead of $25k and they went to college...figure it out.
post 1685605963 06-30-2023, 10:37 AM
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Originally Posted By DuracellBunny⏩
I know. Not everybody gets to pass what they want. But that is the mechanism for spending.

Presidents don't just get to spend money on whatever they want. That's not how the system works.

If they want to do loan forgiveness, it is going to have to go through congress. Every time they try and back door it, it will get slapped down. A precedent for a president spending $400B without congress would result in every president spending money like a drunken sailor on every single thing that would get them votes.
Point is, there never seems to be any objection regarding sending money to Ukraine or Israel or increasing funding for the DoD but when it comes to giving money back to the people there's months and months of hemming-and-hawing and debate.
post 1685606013 06-30-2023, 10:38 AM
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economy going to **** come this ctober
post 1685606063 06-30-2023, 10:40 AM
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Originally Posted By Maestro⏩
That's fine until it starts affecting the economy directly. I guarantee in 6 months you'll have financial analysts on TV pondering the question why holiday sales are in a slump or why noones buying homes or why homelessness has increased.

Increase homelessness and financial disparity means more potential for crime which directly affects all of us.
Was the plan all along to get "bailed out"? I don't understand this "it's going to kill the economy in 6 months" argument. It's not a surprise that you have to pay back a loan.


I'm also not a fan of corporate bail outs either. The biggest issue I have with it is you keep the same dummies running the company that got them in the position of needing a bail out.
You don't have to be great to start, but you have to start to be great.
post 1685606153 06-30-2023, 10:42 AM
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Originally Posted By Maestro⏩
Point is, there never seems to be any objection regarding sending money to Ukraine or Israel or increasing funding for the DoD but when it comes to giving money back to the people there's months and months of hemming-and-hawing and debate.
The world isn't perfect and people are asshats: shocker.

Biden promised something that wasn't within his gift and got told to fk off; it's that simple.

This isn't about the merits of loan forgiveness, this is about the legality of a president spending 400B without congressional approval.
Screw nature; my body will do what I DAMN WELL tell it to do!

The only dangerous thing about an exercise is the person doing it.

They had the technology to rebuild me. They made me better, stronger, faster......
post 1685606183 06-30-2023, 10:43 AM
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Originally Posted By Maestro⏩
Point is, there never seems to be any objection regarding sending money to Ukraine or Israel or increasing funding for the DoD
There doesn't?

Strange because the very people that want me to pay for their student debt will call me a stooge of Putin because I don't want a penny sent to Ukraine. (or Israel for that matter)
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post 1685606263 06-30-2023, 10:44 AM
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Originally Posted By Maestro⏩
1% of the 40 million student loan borrowers is 400k people. Thats almost the size of the entire population of Wyoming. And it's the size of most midsized cities.



Why would they when they know they can get away with charging more?
Then skip college a few years. 18 yr olds can afford to skip a few years anyway. If a majority stop going, prices will lessen.
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