Cont: The Biden Presidency (3)

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JoeMorgue said:
I don't hear any Dems whining about student loan forgiveness, so no bothsideism still wouldn't apply.
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Might want to get your ears checked:

While plenty of Democrats have applauded Biden’s executive action and there are early signs of voter support, Democratic candidates for the Senate, like Cortez Masto in Nevada and Rep. Tim Ryan in Ohio, outright panned the move, saying it ignored working-class residents who didn’t go to college and failed to correct the root problem of college affordability.
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Brainster said:
Might want to get your ears checked:
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It's true. Biden's action does nothing to address the problem of basic affordability of higher education for all. And that is a shame. But he did what he had the power to do within the law.

Unfortunately, the GOP is busy trying to make Biden a failure. Actually trying to solve problems is counter-productive to their goals of taking power and helping the rich.
 
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Venom said:
Some desperately try to make it about inflation, but I sense a plain dislike of public education and anti-elitism among many naysayers. I didn't vote Biden to get debt relief, but I can't be mad at the help I'm getting.

It's not like I have $20k extra cash I didn't have before and I'm able to spend immediately. I don't think the situations are equivalent.
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Yup, not to mention that student loan payments and collections have been suspended for quite a while now. So no inflation pressure.
 
thaiboxerken said:
Republicans don't even see the issue of claiming that Biden is giving money to the "elites" with this student loan forgiveness.
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Some, sure. Plenty of the propagandists who are actively working to spread the line are better described as not caring, because they think that it'll make for a good line of attack.
 
thaiboxerken said:
Tim Ryan needs to read the bill again. It certainly does take steps to help make college more affordable. https://www.whitehouse.gov/briefing...t-loan-relief-for-borrowers-who-need-it-most/

So yea, you can find a handful of democrats whining, but it's hardly the chorus of nonsense coming from the Republicans.
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You mean this malarkey?

Protect future students and taxpayers by reducing the cost of college and holding schools accountable when they hike up prices. The President championed the largest increase to Pell Grants in over a decade and one of the largest one-time influxes to colleges and universities. To further reduce the cost of college, the President will continue to fight to double the maximum Pell Grant and make community college free. Meanwhile, colleges have an obligation to keep prices reasonable and ensure borrowers get value for their investments, not debt they cannot afford. This Administration has already taken key steps to strengthen accountability, including in areas where the previous Administration weakened rules. The Department of Education is announcing new efforts to ensure student borrowers get value for their college costs.
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So in other words, they are going to try to shame the colleges into keeping their tuition at the currently insanely high levels, even though the obvious effect of this debt forgiveness will be to create demand for more student debt (on the student side), since the perception will become that at least some future debt will be cancelled.
 
Brainster said:
You mean this malarkey?



So in other words, they are going to try to shame the colleges into keeping their tuition at the currently insanely high levels, even though the obvious effect of this debt forgiveness will be to create demand for more student debt (on the student side), since the perception will become that at least some future debt will be cancelled.
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You believe it is mere perception that debt will be canceled even though it is written into the bill? Yes, the bill does take steps to make college more affordable. It doesn't do enough, but it is a 1000% better than anything that the Trumpublicans have put forth.
 
thaiboxerken said:
You believe it is mere perception that debt will be canceled even though it is written into the bill? Yes, the bill does take steps to make college more affordable. It doesn't do enough, but it is a 1000% better than anything that the Trumpublicans have put forth.
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Ah, well if it's written into the bill... what bill is that?

Keep in mind this is a one-time only forgiveness (accomplished not by a bill but by executive order) with almost all of the cost taking place today. The amount of future debt forgiven is minimal, based on the (static) Penn Wharton analysis linked. To give you an idea of the scale, the cost is estimated at $526.3 billion this year, and about $7-10 billion a year in the future. That is why I say this will increase demand for student loans on the student side--because once the precedent has been set future students will expect a similar jubilee down the road. Hence the education institutions will have no need to slow the dizzying spiral in the cost of a degree.
 
Brainster said:
Ah, well if it's written into the bill... what bill is that?

Keep in mind this is a one-time only forgiveness (accomplished not by a bill but by executive order) with almost all of the cost taking place today. The amount of future debt forgiven is minimal, based on the (static) Penn Wharton analysis linked. To give you an idea of the scale, the cost is estimated at $526.3 billion this year, and about $7-10 billion a year in the future. That is why I say this will increase demand for student loans on the student side--because once the precedent has been set future students will expect a similar jubilee down the road. Hence the education institutions will have no need to slow the dizzying spiral in the cost of a degree.
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So what exactly did the Trump administration do to make education more affordable? Or the 6 years of a GOP Congress during Obama's Presidency? Please tell me a single bill introduced by Republicans in the last two decades to make higher education more affordable?

I agree, the debt forgiveness is flawed and a half a loaf. And that is a shame.

Still, this is a hell of a lot better than doing nothing which is the GOP solution.
 
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Biden seems to have found his inner Harry Truman, with his giving the GOP hell in a spech last night.
 
dudalb said:
Biden seems to have found his inner Harry Truman, with his giving the GOP hell in a spech last night.
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You are far too kind in your portrayal of Biden (and more than a little insulting to Truman), but you undoubtedly meant well.
 
acbytesla said:
So what exactly did the Trump administration do to make education more affordable? Or the 6 years of a GOP Congress during Obama's Presidency? Please tell me a single bill introduced by Republicans in the last two decades to make higher education more affordable?

I agree, the debt forgiveness is flawed and a half a loaf. And that is a shame.
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The answer is tax cuts. Its always tax cuts. And deregulation.

I mean, now that the millionaires have more money, they can afford to send their kids to the best universities. (Even if they have to bribe their way in.)
 
dudalb said:
Biden seems to have found his inner Harry Truman, with his giving the GOP hell in a spech last night.
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Supposedly the one he gives tonight will be the 'big one'...republicans are already talking about how horrible and divisive it is :)
 
stanfr said:
Supposedly the one he gives tonight will be the 'big one'...republicans are already talking about how horrible and divisive it is :)
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It was the big one; Biden gave the whole MAGA movement hell.
ALready GOP denouncing it for being divisive. The GOP seems to be reaching for new levels of hypocrisy daily.
 
Yes, he named names.
I loved the way he handled the hecklers (who were'nt very good at it)
 
dudalb said:
It was the big one; Biden gave the whole MAGA movement hell.
ALready GOP denouncing it for being divisive. The GOP seems to be reaching for new levels of hypocrisy daily.
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Yep I was glad he didn't hold back and explicitly pointed to Trump and MAGA GOP as the chief threat.
 
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