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Started By
Message
re: BREAKING: Federal judge declares bidens plan to forgive student loans unconstitutional
Posted on 11/11/22 at 1:13 pm to GRTiger
Posted on 11/11/22 at 1:13 pm to GRTiger
quote:
PPP recipients followed the terms of the loan agreement.
The terms of the student loan agreements bar future forgiveness? Can you tell what page that provision appears on?
2
Posted on 11/11/22 at 1:14 pm to Turbeauxdog
A good check on someone's (or your own) sincerity is to imagine the reaction if things were reversed.
Would that guy be saying "pay your loan" to students if their loans had a clear path to forgiveness? Certainly not. That would stupid as shite.
Would we be defending students who didn't repay their loan if they had met clear loan forgiveness terms? Certainly.
Would that guy be saying "pay your loan" to students if their loans had a clear path to forgiveness? Certainly not. That would stupid as shite.
Would we be defending students who didn't repay their loan if they had met clear loan forgiveness terms? Certainly.
Posted on 11/11/22 at 1:15 pm to JohnnyKilroy
quote:
The terms of the student loan agreements bar future forgiveness? Can you tell what page that provision appears on?
No but the law bars forgiveness by dementia riddled fiat.
Posted on 11/11/22 at 1:15 pm to GRTiger
quote:
sincerity
Zero of that on the OT
Posted on 11/11/22 at 1:16 pm to JohnnyKilroy
quote:
The terms of the student loan agreements bar future forgiveness? Can you tell what page that provision appears on?
I imagine there are plenty of terms to help students.
With that stipulated, tell me why this student loan forgiveness deal is even a thing, other than to buy votes.
Posted on 11/11/22 at 1:18 pm to Turbeauxdog
quote:
So done.
Let me fast forward to my main point: bias. No one here bitches about any free money from Trump. If Trump had signed student loan forgiveness in the same manner, most here would be giving him praise, then crying about “activist judges” when it was blocked.
Posted on 11/11/22 at 1:25 pm to TCO
quote:
No one here bitches about any free money from Trump
Raises hand.
I bitched about every single stimulus check because I knew I would lose it and more to the inevitable inflation.
I had to take them though so as to not fall further behind.
The government should not be putting its citizens in a prisoner's dilemma.
Posted on 11/11/22 at 1:26 pm to TCO
quote:
Let me fast forward to my main point: bias. No one here bitches about any free money from Trump
I did, but I'm better than you. I don't change values based on the president.
Blue collar kiddos who avoided student loans, people who have paid off their loans shouldn't bail out people who did take out loans and haven't paid them off..
Posted on 11/11/22 at 1:27 pm to TCO
quote:
No one here bitches about any free money from Trump.
False , but it was passed by Congress anyway.
quote:
. If Trump had signed student loan forgiveness in the same manner, most here would be giving him praise, then crying about “activist judges” when it was blocked.
Everyone including me would be pissed.
Posted on 11/11/22 at 1:28 pm to GRTiger
quote:
Would that guy be saying "pay your loan" to students if their loans had a clear path to forgiveness? Certainly not. That would stupid as shite.
Would we be defending students who didn't repay their loan if they had met clear loan forgiveness terms? Certainly.
I'd have 20k forgiven.
Right now.
And instead...
PAY YOUR frickING DEBTS
Posted on 11/11/22 at 1:39 pm to Turbeauxdog
quote:
The government took away peoples livelihood without their consent.
In some cases, sure. I'd be fine if it were to have been needs based.
In many environments, restrictions weren't all that severe (we never even removed interns from the office) and in a lot of instances, the governments' response actually facilitated a better market for some companies (Zoom, Peleton, video games, etc).
Some might have taken a hit but still remained profitable. I don't necessarily agree that means I should be picking up the balance via tax dollars.
However, free money was handed to all of them indiscriminately.
PPP loans should have be used as needed to keep struggling businesses afloat. It should not have been a massive carte blanc economic stimulus to people who already possess obscene excess.
Posted on 11/11/22 at 1:50 pm to LSUsuperfresh
quote:
In many environments, restrictions weren't all that severe
When people that depend on customers and vedors that travel, stay at hotels, eat at restaurants, conduct international business, hold in person conventions and meetings.....it was very severe when that cant happen.
My company took a huge hit bc none of our international and domestic clients and vendors couldn't travel bc they had no where to eat or hotels to stay at
Just bc you work in a office full of cubicles dont tell me "restrictions weren't that severe" You have no idea what you're talking about
Posted on 11/11/22 at 1:54 pm to tgrbaitn08
this was a gimmick all along.
It only addressed the symptom and the not the problem.
Higher Ed has never had to innovate and change their delivery of education services as uncle sam has always been willing to just throw more money at it.
pay your debt you petulant little shits.
get a job sir....the bums lost.
It only addressed the symptom and the not the problem.
Higher Ed has never had to innovate and change their delivery of education services as uncle sam has always been willing to just throw more money at it.
pay your debt you petulant little shits.
get a job sir....the bums lost.
Posted on 11/11/22 at 2:20 pm to VOLhalla
quote:
I’ve yet to read a coherent argument over who would even have standing to challenge student debt forgiveness. This just seems to be delaying the inevitable.
Judge here assumes Plaintiffs' argument that the Program is not authorized under the HEROES Act and thus required notice and comment under APA. That lack of notice and comment is the purported deprivation of a procedural right.
Their concrete injury argument is total shite though. Basically they argue they have a concrete "interest" because other people recieved greater loan forgiveness and they didn't get to copmment about that. The Judge syays that their loss of an opportunity to pursue the same loan forgiveness as the Pell grants borrowers is a concrete interest and that an actual concrete injury is not necessary.
Judge: "Plaintiffs have a concrete interest in having their debts forgiven to a greater degree."
DO NOT see CA5 accepting this loosey goosey standing argument as it opens the door for all sorts of other APA based litigation they won't like.
Posted on 11/11/22 at 2:26 pm to TCO
quote:
No one here bitches about any free money from Trump
There was many many people bitching about Covid relief money I know that.
Posted on 11/11/22 at 2:39 pm to Indfanfromcol
quote:
So we are okay with the PPP loans but not student loans forgiveness?
Pretty sure Congress approved the PPP loans.
Also, that program is a bit different than forgiving student loans. Small businesses were getting destroyed through no fault of their own. People taking out school loans did so completely on their own.
Posted on 11/11/22 at 2:42 pm to tgrbaitn08
quote:
My company took a huge hit bc none of our international and domestic clients and vendors couldn't travel bc they had no where to eat or hotels to stay at
Just bc you work in a office full of cubicles dont tell me "restrictions weren't that severe"
At no point did I say that PPP loans should not have been issued at all or that restrictions didn't have a severe impact in any cases (I never supported the mass shutdowns FTR), so maybe calm down.
I'm just saying it should not have been carte blanc free money to all applicants like it ended up being.
If anything, you should be more bothered than me that a chunk of the funds went to businesses that improved or maintained profits as more could have been allocated to the ones that severely struggled.
Low interest loans should have been the first option available with the free money option available for those businesses who could demonstrate need.
Posted on 11/11/22 at 2:42 pm to Tyga Woods
quote:
Might as well be American taxpayers benefiting from it.
American taxpayers are the ones getting fricked. The many are picking up the tab for the few.
Posted on 11/11/22 at 2:45 pm to Pedro
quote:
My real issue with this is it does nothing to fix the problem. Address colleges charging an absurd amount of money for a college degree. All broad forgiveness is going to do is give colleges even more free rein to charge whatever the frick they want.
Bingo. It's going to incentivize them charging more. Just like the price of EVs tends to magically go up by the amount of the government tax credit being offered.
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