He still has time to do loan forgiveness "helicopter money" style. But even if all we got was an expansion of targeted relief programs I think it totally counts as fulfilling his talking point. The issue with student debt is that for some people there's no way out, but generally speaking college-educated people are more well-off and forgiving all debt would be a regressive stimulus that targets the wealthier side of the population. Targeted relief is a great way around that.
>also regressive stimulus are not even a thing. maybe you're thinking of regressive taxes?
Regressive taxes favor the rich over the poor. By "regressive stimulus" I'm presuming he's talking about stimulus that favors the rich (eg. well off layers/doctors with high student loan debt but high earning potential) over people with modest student loans but low earning potential.
Yes, that's exactly what I'm talking about. It's amazing how easy communication is when your words aren't interpreted in the most obtuse and uncharitable way by extreme progressives
words have meaning; using them correctly in context matters. the fact of the matter is the term you used has nothing to do with stimulus'. you were attempting to imply that forgiveness somehow harms the lower classes when it categorically doesnt.
the only person being 'uncharitable' here is you; attempting to label someone calling out your BS position as 'extreme' and then attempting to categorically label an entire political spectrum with the same brush.
which still isn't correct. it doesn't hurt the poor that the upper middle class will also receive this benefit. regressive taxes do. in fact this policy still helps the lower income class because many of them will also benefit from it and far more than the upper middle class.
No. The previous guy installed people in the DOE that made it virtually impossible to forgive the loans even after they jumped through all the hoops to qualify under the law.
All Biden's administration is doing here is ungumming people who were eligible years ago. This is cleanup from the prior administration
As demonstrated by the last admin it doesnt have to happen so feel free to complain about the current President doing “jack shit” until the last guy wins the next election…
Have fun blaming the "last guy" for almost everything, that sure worked out so far for the "current guy's" approval rating and will definitely not help the last guy win if he was to try again. This is even more ridiculous than even the "thanks Obama" reflexive blaming conservatives had.
I don't think you realize how self defeating and ineffective it is to find every tiny reason to deflect blame from "your team". Saying that "actually.... Biden couldn't do it because of some officials in the DoE and totally couldn't have known that this was possible when he made the promise, oops!" is such a cop out. It's obvious that the Biden team knew exactly how the DoE worked, and if x or y promise is feasible or not.
