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NAACP tells Biden he's disappointed black debtors, needs to find way to extend pause


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Posted

No lies told.

Posted

Time to start paying up :giraffe: 

Posted
30 minutes ago, Dula Peep said:

Time to start paying up :giraffe: 

*16 months into the future*

5fa1e7d81df1d50018218b7a?width=750&forma

"How did this happen???"

Posted
5 minutes ago, Communion said:

*16 months into the future*

5fa1e7d81df1d50018218b7a?width=750&forma

"How did this happen???"

Amerikkka Has A Problem

Posted

Really crystallizes the issue that will literally be make-or-break for turnout differences by mere thousands for the Electoral College in the Upper Midwest. 

 

I don't really think the stakes are higher than that. Will be interesting to see what excuses are formally rolled out in the likely event of no legislative push after SCOTUS rules.

 

"We tried" isn't good enough and framing young black voters as selfish for not turning out clearly hasn't helped either. People are tired of voting the lesser of evils so they vote third party or stay home. I don't support any of it as I already unpacked how I'm against Susan Sarandon's acceleration theory here (which I took to mostly mean literally voting for Trump as a progressive out of nihilism but others tie it to 3rd party votes, etc.) and I don't need to revisit that, but I'm done fighting it. 

 

2024 is all about negative partisanship. If Biden beats Trump, it'll be by a hair in the Electoral College, and he'll have Dobbs to thank for it.

Posted

These are the repercussions of losing the house majority. 

Posted
7 minutes ago, Monster Megamind said:

These are the repercussions of losing the house majority. 

How many black voters are you hoping to lose? 50k? 100k?

Posted
3 minutes ago, Communion said:

How many black voters are you hoping to lose? 50k? 100k?

I don't know about the future but these are the actions of not voting in the midterms

Posted
1 minute ago, Monster Megamind said:

 not voting in the midterms

No one will believe this when the power to forgive loans lays solely in the hands of the president.

 

Donald Trump turned loans off. For Biden to turn them back on would be... disastrous. :biblio:

He's not even set to launch the new IDR plans by October - something his entire admin is solely responsible to craft.

Posted
4 minutes ago, Communion said:

No one will believe this when the power to forgive loans lays solely in the hands of the president.

 

Donald Trump turned loans off. For Biden to turn them back on would be... disastrous. :biblio:

He's not even set to launch the new IDR plans by October - something his entire admin is solely responsible to craft.

Trump could turn them off because republicans couldn't overrule him but with a republican house majority they can definitely overrule Biden. Also it is an unfortunate fact that, how ever much good or bad a thing is, when it's bipartisan it can be achieved easily. 

Posted
1 minute ago, Monster Megamind said:

but with a republican house majority they can definitely overrule Biden

You seem terribly misinformed. By utilizing the Higher Education Act of 1965, Biden could eliminate all student debt right now. He could instruct the Secretary of Education to set all payments owed to $0 - a power already held by the Secretary of Education via bipartisan legislation out of Congress.

 

Biden's entire IDR plan that he used to pad out the shortcomings in his plan of only $10-$20k in forgiveness relies on that the Secretary of Education defines what parameters define expected repayment.

 

The original iteration of IDR set by previous Departments of Education was 20% of one's annual gross income. Biden's IDR plan - that they will not have ready to roll out by October 1st - is 5%.

 

The payment terms were forgiveness after 25 years. Biden's proposal is 10 years.

 

If SCOTUS decides to kill relief because he relied on a flimsy HEROES Act of 2001 defense, people are expecting him to reach the same conclusion as he would have if he simply out-smarted SCOTUS like told to.

 

He has the authority to do that through IDR. It may comfort you to try and mock voters expecting the president to make good on his promise, but you will not be having these feelings of smugness come November 2024 if student debtors' balances still haven't been hit with a $20k forgiveness.

Posted (edited)
24 minutes ago, Communion said:

You seem terribly misinformed. By utilizing the Higher Education Act of 1965, Biden could eliminate all student debt right now. He could instruct the Secretary of Education to set all payments owed to $0 - a power already held by the Secretary of Education via bipartisan legislation out of Congress.

 

Biden's entire IDR plan that he used to pad out the shortcomings in his plan of only $10-$20k in forgiveness relies on that the Secretary of Education defines what parameters define expected repayment.

 

The original iteration of IDR set by previous Departments of Education was 20% of one's annual gross income. Biden's IDR plan - that they will not have ready to roll out by October 1st - is 5%.

 

The payment terms were forgiveness after 25 years. Biden's proposal is 10 years.

 

If SCOTUS decides to kill relief because he relied on a flimsy HEROES Act of 2001 defense, people are expecting him to reach the same conclusion as he would have if he simply out-smarted SCOTUS like told to.

 

He has the authority to do that through IDR. It may comfort you to try and mock voters expecting the president to make good on his promise, but you will not be having these feelings of smugness come November 2024 if student debtors' balances still haven't been hit with a $20k forgiveness.

We should wait for the results of supreme court case before deciding what steps Biden will take next. Definitely Biden administration was looking for an out for restarting the payments, which they definitely couldn't do on their own. Also, I don't think you can blackmail Biden to pause student loans. Unlike other ambitious presidential candidates, I think he uniquely doesn't care if he loses. He can easily set off into the sunset after losing and we all will be left to pick up the pieces. He is only running because trump is running. 

Edited by Monster Megamind
Posted
1 minute ago, Monster Megamind said:

Unlike other ambitious presidential candidates, I think he uniquely doesn't care if he loses. 

Not inspiring trust or enthusiasm in this candidate, by the way!

Posted
2 minutes ago, Monster Megamind said:

Are you sure? 

Yeah, solidly so.

 

wV1tXGZ.png

Posted
Just now, Communion said:

Yeah, solidly so.

 

wV1tXGZ.png

This is quite decent for a slowing economy. By end of next year, when the economy improves, as the forecasts predict, his numbers will rise. Also unlike previous presidential candidates, Biden is uniquely lucky because he is likely to face Trump and negative partisanship works wonders. I would still reserve judgement till June 2024.

Posted

student debt relief is probably the most popular thing he's done. they must push harder for it as its a win-win - not only is it the right policy that will improve the lives of so many, it's also a big electoral win.

 

i do rate Biden's chances versus Trump as quite good. But, why not sure up things even further? Push harder!!!

Posted (edited)
3 minutes ago, Harrier said:

student debt relief is probably the most popular thing he's done. they must push harder for it as its a win-win - not only is it the right policy that will improve the lives of so many, it's also a big electoral win.

 

i do rate Biden's chances versus Trump as quite good. But, why not sure up things even further? Push harder!!!

I agree! We should push Biden administration to do that. But not in a threatening manner which leaves a poor taste in everyone's mouth. But if anyone thought that the loan payments would be paused for ever is clearly delusional. You either pay in the form of loans or you pay in the form of inflation. One way or the other you gotta pay. Economically speaking, when you start paying loans, inflation will fall because less money in circulation. 

Edited by Monster Megamind
Posted
12 minutes ago, Monster Megamind said:

By end of next year, when the economy improves, as the forecasts predict

CyVsC8L.png

YI3Kaxe.png

IIEkEwz.png

 

*nervous laughter*

Posted
2 minutes ago, Communion said:

CyVsC8L.png

YI3Kaxe.png

IIEkEwz.png

 

*nervous laughter*

This is good. It will be like ripping off a band aid and people will eventually get used to it. Hopefully the prices of everything will fall by next year and they will be able to balance budgets better. 

Posted
2 minutes ago, Monster Megamind said:

It will be like ripping off a band aid and people will eventually get used to it.

 

43 minutes ago, Communion said:

Not inspiring trust or enthusiasm in this candidate, by the way!

.

Posted
3 minutes ago, Communion said:

 

.

He's definitely inspiring trust in me because he's managing the economy well even after we took trillions of debt since 2020, that caused massive inflation. But we are on the right track now. 

Posted
3 minutes ago, Monster Megamind said:

He's definitely inspiring trust in me

...you live in the Netherlands?? :deadbanana4:

Posted
1 minute ago, Communion said:

...you live in the Netherlands?? :deadbanana4:

Wtf I don't! I live in Washington for God sake😄

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