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aw geez
edit:
America: We need to reduce cost of education!
Government: Hey let's put our taxes towards cheaper education!
America: no.
America, can you explain?
American here. I can explain: Republicans.
Are Republicans the ones constantly renovating and building new facilities on campuses across the nation? I don't think I've seen my university stop major construction for like 15 years.
You have a point but inefficiency in a system doesn't mean the people who use it should be punished. I agree that the cost has gotten out of control and a large part of it is the dirty money river for construction. I have been involved in government contracts off and on for 15 years now and yes it is a shit show. I am proud to say that I have done my part to make it a bit better but that part is small.
Put it another way. I am fairly confident that the giant corp I work for made some infrastructure for your city or town if you live in the Anglosphere. I am also fairly confident that it was a far from perfect project in terms of who got paid for very little to no work or even negative work. Should you be punished for that? Should you have dirty sewage and trash in your streets and stop lights out because someone in the process skimmed some off the top?
Republicans are the ones who cut state funding for public universities leading to universities charging more money, the federal government offered loans to help offset that, and universities saw that and charged more money because the government continues to provide increasing amounts of loans. So yeah the universities are making out like bandits but Republicans definitely are not without blame. Cost of university would get reigned in if student loans were not a thing and the government was funding universities appropriately.
To be fair, while this would cancel a lot of debt (up to $10,000) for most people, it actually does nothing to cut the cost of college for future students.
I say this as someone who has about $5,000 in student debt left and a wife who has over $20,000. It would have been fantastic for us, but in the end it doesn’t do a single thing to help reduce the cost of education.
To be fair, while this would cancel a lot of debt (up to $10,000) for most people, it actually does nothing to cut the cost of college for future students.
I say this as someone who has about $5,000 in student debt left and a wife who has over $20,000. It would have been fantastic for us, but in the end it doesn’t do a single thing to help reduce the cost of education.
Jfc we can't have anything can we?
Well that’s definitely unfortunate. People are already tightening their belts, this can’t be good for the economy.
Lets be honest - the plan was an overreach. This had to pass through congress. So SC is not wrong.
But it couldn't pass through congress because of lobbying. Which was bribery made legal by SC. Which was a very controversial decision. But if Roe could be overturned, we should focus on getting Citizen United overturned. And America will be great again.
But for that US should be united. And that will not happen because all the oligarchs domestic and abroad make sure of that and they lobby secretly and hard. You have Saudis, Chinese buying corporations influencing US decision making. You have Russian interference. European banks also service these oligarchs, so its in their interest too. Now other countries with oligarchs are jumping in too. And they put smokes and mirrors in front of you to keep you off from the real goal - creating issues where there should be none. To keep America divided.
So its a long attrition based slug war which can only be fought when we love our fellow Americans and stop listening to hate everywhere around us. And realize that all politicians are evil, so you have to keep them pressed. They will not share power, we the people have to be strong and take the power from them.
No one can destroy US. Only US can destroy US.
This is the most lukewarm, wishy washy, "enlightened centrist" shit I have ever read. Like,
So its a long attrition based slug war which can only be fought when we love our fellow Americans and stop listening to hate everywhere around us.
???
What are you fucking talking about? This is some next level naivety.
So this completely shuts the door for potential federal student loan forgiveness, right? Man, I was actually still holding out hope. I didn't understand what I was agreeing to at 18. Loan forgiveness would've had such a significant positive impact on my life (+ those of my family and friends). I'm not sure why I thought something like this ever could've passed :')
Student debt cannot be simply expunged through bankruptcy, it requires extra steps.
After the 2008 sub-prime mortage crisis, Hedgefunds and Banks didn't stop with their predatory behaviour, they simply shifted it around. Student loans were a prime target for that. As well as commercial mortage backed securities (CMBS) rather than the mortage backed securities (MBS) from that bubble popping in 2008.
With COVID making work from home inevitable and CMBS becoming a huge risk factor as well as student loans possibly being forgiven, the financial elites have been rotating to survive another day until they can resume squeezing your pennies out of you again so they don't have to go under.
Just a piece of the shit pie that the US financial markets are. It's just a huge rackateering ring. I'd be immensely surprised if student loans were ever forgiven or university costs socialized again in the future. It's just too lucrative to fuck young people.
Capitalism has robbed us of more than we could ever even imagine. To the point where most people don't even realize they've been robbed. It's tragic.
We live in a society where amoral, faceless corporations are more valued than actual human life. And those corporations have so much power over people, and their cognition, that the majority have been tricked into consenting to this perverted system against all of their interests. And I would love for someone to explain to me why there should ever be a distinction between the people producing something, and the people/corporations that own the means of that production. Why should these be two different groups, and why in the FUCK would the class that doesn't do any actual goddamn work, make 300x more money? It's fucking disgusting.
But on the other hand, they said they were going to lower taxes. And also, trans people exist, so........