cancelling student debt
OMG, what did student debt do?
Takes 4+ years to prosecute a popular, rich traitor. Takes one day to screw over poor people. Gotta love justice.
At least Trump got convicted in NY, I guess…
If only Republicans would stop holding younger generations hostage through student loans…
Who could have seen this coming? There was no way to prepare!
No shit. I posted this on one of this first articles, where a commenter pointed out the headline was a lie and the first ruling just found that Georgia had no standing, and that the judge had transferred the case to Missouri.
Which is more or less what happened the last time Biden tried to forgive student loans. Eventually Missouri was found to have standing, and all his efforts were thrown out.
Aside from a nagging feeling that it was known this was going to happen, and this was all for political talking points, I wanted to info dump.
A few tidbits from that prior lawsuit:
- MOHELA supported loan forgiveness, although I can’t recall why. (I think it was about simplifying administration in the face of a bunch of loans that had already paid for themselves in terms of the interest collected. At this point the cost to maintain the loan on their books and or chase accounts they can’t write off is more expensive than attempting to recover the loan.)
- MOHELA refused to be a plaintiff, and it was the state of Missouri claiming standing.
- The state of Missouri only had standing due to a voluntary agreement where MOHELA would pay a certain percentage of revenue back to the state of Missouri - something it had not done for nearly a decade. Missouri’s standing was merely technical, and more or less un-realized.
- Yet it still was used to fuck over millions of people, because Misery loves company.
Someone indicated that a court of appeals would take this up - that just means it goes to the supreme court eventually, where they come up with some dumbfuck ruling.
