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this post was submitted on 21 Feb 2024
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You mean apart from his student loan forgiveness program that would have given people what they wanted but then SCOTUS struck it down and now he would need congress on his side, including Republicans, to pass it again?
You wean the one that required the federal government to spend money on marketing to make sure borrowers knew about the form they needed to fill out in order to allow the government to verify the borrower's income so they could decide whether they were eligible for only $10k? Yes.
Even if it wasn't blocked, it ads so many unnecessary administrative costs instead of just processing a single transaction on every account.
Even before the court's intervention, Biden has shown no interest in doing forgiveness well, neither in the amount foregiven, nor the costs of doing so.
"Only" $10k. As if $10k in relief is nothing at all.
The cost of forgiveness is not proportional to the value of the relief. $100k costs the same as $10k. The number he chose is arbitrary. It's telling he picked a small one.
You must be quite wealthy if you think $10k is not a lot of money to be forgiven.
Also, are your student loan debts really $100k? Because they're around $30k-$40k for most people. I would say 1/3 to 1/4 of the way to being debt free is pretty damn good.
Attempting to implement 1/3 to a 1/4 of a policy is failure.
You're right. He shouldn't have done anything at all to help anyone if he couldn't give you a pony.