jentaub
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🐳 Good morning!

I'm going to try live-spouting the oral arguments at SCOTUS today on student loan forgiveness. Not sure if I can thread, but I will try!

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10:05 AM - Feb 28, 2023
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Tammie Sylvia
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In response to jentaub.
Thank you. I don't expect a favorable decision from the clown show that is now our "Supreme Court."
10:50 AM - Feb 28, 2023
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DEScott_zz
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In response to Tammie Sylvia.
My political leanings are moderate to progressive. Still, I think the student loan forgiveness program is an improper use of executive authority. The premise that it's an emergency power due to the Covid epidemic seems weak to me. Maybe there's a chance of a legislative solution.
10:33 AM - Mar 01, 2023
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Tammie Sylvia
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In response to DEScott_zz.
I guess I wonder why it was okay to bail out banks and corporation in 2008, but not people who desperately need relief from predatory student loans? My two daughters have struggled under the weight of student loans as are my husband I with the "parent plus" loans. It prohibits us from contributing t
10:40 AM - Mar 01, 2023
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DEScott_zz
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The difference is that the 2008 bailout was a law passed by both houses of congress and signed into law by the president.

Much as I'd like to see some student loan relief, my opinion is that the president doesn't have the authority to order this relief without congress being on board.
In response to Tammie Sylvia.
09:28 AM - Mar 02, 2023
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DEScott_zz
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In response to DEScott_zz.
BTW, simply forgiving $10K of debt is not a long term solution to the problem. The system we have now allow schools to raise costs quickly, then try to attract students by building the fanciest facilities to justify their high costs.
09:32 AM - Mar 02, 2023
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DEScott_zz
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In response to DEScott_zz.
One simple change that would alleviate much of the problem would be to permit student loan debt to be discharged in bankruptcy like any other debt.

Then lenders would become much more careful about who they loaned money to, and schools would no longer be able to raise costs so easily.
09:34 AM - Mar 02, 2023
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