Funny how wealthy Americans will readily accuse Biden of “buying votes” with student debt forgiveness but had no issue with Trump signing massive tax cuts for themselves.
@rbreich It's "letting you keep your money" vs. "take someone else's money and give it to not to the poorest but to ... people who went to college". Indeed, funny.
I don't know; I think almost everything anyone wants to do in politics, even things I disagree with, make a lot more sense than what Biden is doing here. It's hard to find a coherent reason for this other than a sop to the base.
(I know, I know, income is considered, but still.)
Student loans should absolutely be dischargeable in bankruptcy, though; that would have been a good change to help in this area, righting a huge wrong, instead of this nonsense.
@ech @rbreich Student loan terms for the last 30ish years have been incredibly predatory. People end up paying way more in interest than they ever took out in the first place. In other words: they've already paid back what they borrowed, and with a reasonable amount of interest, so canceling the rest is not a giveaway.