Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
Tim Scott
The South Carolina senator praised the ruling as "a victory for common sense."
"You take out a loan, you pay it back. This decision frees taxpayers from shouldering debt they never signed up for," he tweeted.
Weird, I didn't get a decision to shoulder the bad debt these companies that got their PPP loans forgiven.
Or the 2008 Financial bailout on my future.
Or the 200 billion in medicare/covid fraud
But what's good for the economy is good for the people. You know, trickle down and stuff. Totally works, trust me bro. Just give us a few billion more, this time it'll rain down gold on you. Absolutely sure!
These people are incapable of not being disingenuous. They're allergic to good faith. The hypocrisy has become so ingrained in these people that calling it out hasn't been an effective counter to them for years, if not decades. They simply do not care.
They care. They care about making sure that the benefits of socialism is exclusively for the elite and wealthy and totally denied to the average citizen.
"Socialism for me, but not for thee."
Class warfare still in full swing
I look forward to them clawing back all of those forgiven ppp loans... Hahahahahaha
"Fuck students, hail corporate! Hail Hydra!" - no one in their right mind, ever
bruh
Student debt cannot be simply expunged through bankruptcy, it requires extra steps.
After the 2008 sub-prime mortage crisis, Hedgefunds and Banks didn't stop with their predatory behaviour, they simply shifted it around. Student loans were a prime target for that. As well as commercial mortage backed securities (CMBS) rather than the mortage backed securities (MBS) from that bubble popping in 2008.
With COVID making work from home inevitable and CMBS becoming a huge risk factor as well as student loans possibly being forgiven, the financial elites have been rotating to survive another day until they can resume squeezing your pennies out of you again so they don't have to go under.
Just a piece of the shit pie that the US financial markets are. It's just a huge rackateering ring. I'd be immensely surprised if student loans were ever forgiven or university costs socialized again in the future. It's just too lucrative to fuck young people.
The prohibitive cost of higher education and the factual uselessness of high school diploma keep young warm bodies going into the military. This is important for the nation that spends the most on its military, globally, and secures its global hegemony in large part through said military (but also of course cultural 'coca-colonialism')
Capitalism has robbed us of more than we could ever even imagine. To the point where most people don't even realize they've been robbed. It's tragic.
We live in a society where amoral, faceless corporations are more valued than actual human life. And those corporations have so much power over people, and their cognition, that the majority have been tricked into consenting to this perverted system against all of their interests. And I would love for someone to explain to me why there should ever be a distinction between the people producing something, and the people/corporations that own the means of that production. Why should these be two different groups, and why in the FUCK would the class that doesn't do any actual goddamn work, make 300x more money? It's fucking disgusting.
But on the other hand, they said they were going to lower taxes. And also, trans people exist, so........
Fun fact, one of the major reasons the elite of the 13 colonies wanted to separate from the British Empire is that a lot of them would get huge loans from banks in London under the name of a fictitious company in a given colony, close up shop, move to a different colony and repeat.
It's why the original astroturfed riots were organized in Boston and well as why the Sons of Liberty were created. Because among other things, the Stamp act would have prevented the main method they used to execute the fraud.
See the book: Crucible of War by Fred Anderson. It starts dry but is absolutely worth it.
Biden suspected this would happen, hence why he was previously doing student loan forgiveness in smaller increments. But people kept pushing him to do the entire thing and claiming that he was actively against students because he wasn't. No, he knew this happening was a high possibility.
And this case sets much bigger precedents than the specific subject, precedents in two areas.
The specific claim that the Secretary was "transforming" the law rather than tweaking things is asinine, especially since the HEROES Act was incredibly vague in the first place. So this sets precedent that any usage of a law outside of explicitly what it says (difficult to even determine when a bill is so vague) gives leverage to reverse any executive action in enacting the law. Which will just allow massive conservative obstructionism even more on everything.
The entire case having standing as it is. Why do 6 states have standing to sue on something done in regards to federal loans? The idea that states can sue on any federal issue now is concerning to the extreme.
well fuck them