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By a 6-3 majority, Supreme Court strikes down Biden's student loan debt relief plan
(www.supremecourt.gov)
this post was submitted on 30 Jun 2023
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I’m sooooo disappointed, but also sooooo not surprised.
Legally, Biden did have weak legal ground, but also legally then the decision shouldn’t have been allowed because the states who sued had, with unanimous decision by the Supreme Court, no legal ground at all.
NPR reports that the Biden admin will have a response and plan announced soon.
I listen to NPR but their impact statement is weak sauce... I'm sorry it sounds like 6 figure speak.
Nothing to see here folks, just move along. No, the impact is people choosing between food and meds, the mental burden of loans on their neck (after being told by every fiber of the US that education = more income), further inability to purchase housing, choosing between rent and living in a car.
But irongamer student loans didn't cause all that! No, they are just another shovel load of dirt on the grave of the American dream. Many of these individuals are increasing their education so they can afford food AND meds, or afford to own a home let alone rent these days. Many other individuals are increasing their education to move humanity forward in technology, humanities, and sciences.
But irongamer they took the loans on themselves! Sure, with the pressure of just about every fiber of the US saying get an education to make a difference or make more money. Worse yet are those that are attempting to help the country by continuing their education, only to have the system (honestly mostly republicans) spit on them during an event like a pandemic.
The timing is perfect for republicans to play their economic down turn card when repayments start late this year. Watch for that card late this year or early next year after 43 million repayments start.
So, folks get back to making payments to your yacht lord. Think of the poor fellow with 4 houses and the inability to exist in all of them at once! Weep for the individual that can already put food on the table and afford the meds to treat their ills.
It is just a loan restart... nothing to see here.