As a Democrat I CANNOT Support Biden after he forgives student debt

the other side gives huge tax breaks to billionaires instead. pick your poison.

Haha this is biden giving the middle finger to uneducated rednecks. You didn’t think he wasn’t going to respond to “Let’s go Brandon” did you? Lol

Yes, the legislation will cost you $2,000. Another year of Bidenflation will cost you another $5,000+ on top of that. It's okay, though, you can handle it. You didn't really have a need for that $7,000+ did you? It's more important to create equity.

65% of Asians have at least an associate degree, 51% of whites, 36% of blacks, and 21% of Hispanics. If he is giving the middle finger to anyone, it is Hispanics and Blacks.

I support student loan forgiveness and this may actually get me to change my vote from red to blue for the first time in my 40+ years of voting.

Yeah the other side does this. So I suppose us Democrats should just be happy that Joe decided to buy some more votes before the midterms. I am not sure that forgiving student debt is actually helping those in need as much as it is removing a debt obligation from those who are already relatively privileged.

The fact that 32 people upvoted is all the evidence anyone needs to understand that the American education system is completely broken.

Debt doesn't disappear when you "cancel" it. Someone else just has to pay your debt.

Punishing your neighbor for your laziness/stupidity is about as un-American as it gets.

This unconstitutional act by diaper boy is nothing more than trying to buy votes from people who were already going to vote for him anyway.

All this will really do is make inflation worse. Much like the shameless pork filled inflation bill they passed last week.

Limited government is the ONLY hope for the future. You cannot trust any of these people with our tax dollars. Anything they don't steal they waste.

Kids go to college to party and feel entitled to enter the workforce after with a cush, high paying job. How do I know this? I spent 6 years at a university. Cancelling the loans is an absolute joke LOL.

Another reason to oppose Trump (there are so many) is he might have forgiven student debt too because he was so desperate to buy votes that he wanted bigger stimulus checks before the 2020 election. Trump also told people he didn’t care about the national debt because he wouldn’t end up dealing with the problem. So yeah pick your poison is correct but let us not pretend that Biden did the right thing here.

Complete failure of our educational system to teach fiscal responsibility. Students who take loans for worthless degrees, parents, HS guidance counselors and universities who encourage this out of conceit (parents) and greed (universities who gotta pay the ivory-tower tenured profs somehow) are all part of the problem. Lending institutions need to base loans on ability to repay them, just like any other loan. Sorry, but if you're getting a degree in poetry or philosophy, you're going to have to self-fund.

Democrats decided that it wasn't fair that poor kids couldn't go to college as much as rich kids. So rather than addressing the actual problem they threw money at the symptom and had the government guarantee student loans. Suddenly, a school could loan an 18 year with no job, no money, and no collateral $100,000 with ZERO risk. Guess what the schools did! They raised tuition. Now anyone who wants to can go to school for any useless degree they want but it costs 100x what it cost before the Democrats "fixed" the problem of college being too expensive for poor people.

Government makes EVERYTHING worse.

I support this simply because it triggers a lot of boomers

I said rednecks. Rednecks are white but not all whites are rednecks. Like that smart ones that vote democrat.

Biden likely does not have the authority to forgive debt (which is tantamount to authorizing spending). Delay, change the terms of loan arrangements? Yes. But to entirely forgive a debt is something that only Congress can do. Pelosi is on record saying just this, and I can imagine litigation will be a problem.' I can't predict litigation, but what a mess if an injunction is issued.

If you forgive debt, you must have a basis to do it. If the loans are legally unconscionable, a difficult argument given many have paid and are paying the loans, then fix that problem. $10,000 does not fix the problem, and it only encourages the academic industrial class to raise prices even more (note they vote in one direction, and could care less about the middle class). Academics have raised prices 3 and one half times inflation in the last 25 years. And the product is largely the same.

How can you forgive debt (which again must in theory be defective in its making) but keep on making loans on the same basis? Where is the structural change? We intend to forgive every year on a piecemeal political basis? Debt has been forgiven on loans made to those who went to for profit schools found to have engaged in fraud. Accordingly those debts have been deemed unenforceable to collect. What is the rational here? No change in the accrual of interest policies? No caps on loan amounts? No change to Parent Plus loans which are a real inhibitor for many in retirement? No change to bankruptcy laws (no dischargeability a feature sponsored by Biden). Congress should step in and do their job. If relief is warranted, how can we just keep on doing what we are doing?

Even with the income caps proposed, the cancellation of $10,000 would give 73% of the benefits to the top 60% of income earners. It makes it hard to argue this is nothing more than a political sop.

It is hard to be comfortable with a wealth transfer to the college educated from working class people who chose not to go to college. I can't stand Trump, but not hard to see why his populism attracts people. It is these kind of actions that cause every day working people to lose trust.

You guys realize all teachers have degrees right? They get paid awfully to help you and I know many with student loan debt, even if they did go to a "cheap" school. Not everyone with student loan debt has a useless degree and went to a private school.

If you take into account the fact that teachers only work 9 months a year the average salary is like $90,000 if you pro-rate it for 12 months. WAY above the national average.

Teachers whine more than anyone alive.

You need to listen to the words of Rand Paul. Inflation is very real and it is hurting everyone. This will add to it. $2,000 taken from every taxpayer will be given to a select few and will make things more expensive for everyone else (including the vast amount of Americans who do not pay federal income tax).

Hopefully the supreme court can reverse gross violation of the constitution. If Biden and the left want to give this much charity, they can do it with their own money. Not mine and not yours. I live in a state that has a beautiful thing called the Tabor amendment. What it requires is that spending decisions be authorized by the public. As a result, our state has low taxes. If this is really a popular program, put it to a vote. See if American Taxpayers wish to give $2,000 of their money to a select few. Otherwise, it is simply one individual giving away $300 billion of other people's money.

Not as much as you :)

It's not one or the other. We have an obscene discrepancy between different economic levels. Companies and rich individuals need to pay much more and a fairer share of taxes.

But that does not justify free money for those who were irresponsible with debt. Let's reinforce wise decisions.