Supreme Court strikes down Biden’s student loan relief plan

#52
#52
MercyPercy said:
Not saying I disagree with the ruling, and I expected it, but there is a double standard with huge corporations getting bailouts. Too big to fail my ass. Let them fail if they made bad decisions. Let's stop all the bailouts.
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A-freaking-men.

...except the bailouts coming for landlords who are in a pinch with extended covid eviction moratorium....those guys deserve it. ;)
 
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#53
#53
RockyTop85 said:
Haven’t read it, but they probably believed that the state didn’t have standing. That was the biggest issue and Barrett seemed to lean towards the state not having standing at oral argument.
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Yea I think you’re right. Kagan said the States had failed to demonstrate a related injury. Which I assume would mean the States had no standing?
 
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#55
#55
85SugarVol said:
Yea I think you’re right. Kagan said the States had failed to demonstrate a related injury. Which I assume would mean the States had no standing.
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wouldn't lack of repayment be an injury?

Maybe I am not understanding the sides of the argument. but it seems like there is pretty clear damage.
 
#56
#56
RockyTop85 said:
Haven’t read it, but they probably believed that the state didn’t have standing. That was the biggest issue and Barrett seemed to lean towards the state not having standing at oral argument.
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Agree. Took some maneuvering to say states had standing but once they crossed that hurdle, this was a slam dunk to strike down....
 
#57
#57
LouderVol said:
wouldn't lack of repayment be an injury?

Maybe I am not understanding the sides of the argument. but it seems like there is pretty clear damage.
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Lack of repayment? The loans were always going to be paid. Just a matter of who, right?

Lack of repayment (by the borrowers) perhaps could have been argued as injurious to the taxpayers (picking up the tab)?
 
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#58
#58
LouderVol said:
wouldn't lack of repayment be an injury?

Maybe I am not understanding the sides of the argument. but it seems like there is pretty clear damage.
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I would say that the devaluation of the State's USD denominated reserves (i.e. inflation caused by wiping off debts) might be enough damages for states
 
#60
#60
“These Republican officials just couldn’t stand to give relief to working class Americans”.

Biden is a cartoonish partisan bot at this point using the same class warfare playbook. I’d feel sorry for the old guy, except he chose this.
 
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#61
#61
All the families who would have to pay for his loan relief (including mine) doesn't make $60 thousand a year!
 
#68
#68
Really glad I paid for kanye west and Tom Brady to get millions of loan relief from trump which apparently didn’t overstep boundaries but Biden giving it to the middle class is a bridge too far
 
#69
#69
K-town Vol Fan said:
Really glad I paid for kanye west and Tom Brady to get millions of loan relief from trump which apparently didn’t overstep boundaries but Biden giving it to the middle class is a bridge too far
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I think you'll find most of us are not happy about either.

PS: plenty of democratic politicians also received relief funds.
 
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#70
#70
K-town Vol Fan said:
Really glad I paid for kanye west and Tom Brady to get millions of loan relief from trump which apparently didn’t overstep boundaries but Biden giving it to the middle class is a bridge too far
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If this is about PPP, that was so the employees of the companies could still be paid and lost revenue, due to government mandated shut down, would be compensated. It was due to bad government decisions, not bad business.

I don't recall you being against the shut downs during COVID so....
 
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#71
#71
Democratic presidential candidate Robert F. Kennedy Jr. criticized President Joe Biden’s approach at attempting to cancel student loans after the Supreme Court struck down the president’s plan Friday.

Kennedy said the Supreme Court ruling against Biden’s proposal was due to his “failure” to bring the student debt cancellation through Congress, and that he would push for a bipartisan effort if he assumes the presidency.

“President Biden knew his plan wouldn’t survive a legal challenge. His plan gave the appearance of action, while accomplishing nothing. This is an issue of grave importance to our country. As President, I will galvanize public support to pressure Congress to put down their partisan positions and legislate meaningful relief to the tens of millions of Americans who are drowning in student debt,” Kennedy added. (RELATED: ‘The Fight Is Not Over’: Biden To Announce Next Steps After SCOTUS Strikes Down His $400 Billion Program)

RFK Jr. Takes Jab At Biden After Supreme Court Strikes Down Student Loan Plan
 
#74
#74
The Secretary of Education should absolutely be able to cancel half a $Trillion in private debt.

Change my mind.
 
#75
#75
K-town Vol Fan said:
Really glad I paid for kanye west and Tom Brady to get millions of loan relief from trump which apparently didn’t overstep boundaries but Biden giving it to the middle class is a bridge too far
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Nice job parroting Biden's talking point almost word for word...

Now, let's look at the receipts

The CARES Act passed the Senate 96-0 and the House via voice vote (i.e., no objection)

John Kerry called Massie (R) an as-hole for not agreeing to Pelosi's demand for unanimous consent.

Not 1 D voted against it....
 
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