Last month, a federal judge blocked the Biden administration-era SAVE plan, an income-driven student loan replacement program with 8 million borrowers, claiming it lacked the authority to forgive millions of dollars in debt.
It’s almost funny how when Biden was President he had no authority to do anything, however trump doesn’t seem to have that issue as much. Almost funny.
“Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.”
I don’t know why Biden didn’t just go full dictator like Trump. Dictators that do the thing I want are actually good and there’s absolutely no possible repercussions.
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If a democrat went dictator they would immediately have the DOJ, entire media ecosystem, and courts united against them because those that support the democratic party recognize dictators as bad.
I mean, I’d love a dictator who says “You must value trans rights as human rights, or to the Gulag with you!”, while running labor camps for… CEOs who underpay their janitors.
He’d have my vote!
And he wouldn’t even need it! But it would be nice to have.
The road to hell is paved with good intentions. There’s no good dictator and entertaining the idea is dangerous.
If “full dictator” is defined as ignoring established law to enact their agenda, then Biden did go full dictator multiple times. Most notable is how he circumvented established law in order to continue sending lethal aid to genocidal Israel.
And you’re right, Biden going “full dictator” does have negative repercussions. Trumps’s illegal actions are somewhat normalized by the illegal actions of his predecessors.
I just wish for once a president would go “full dictator” for the working class and not for the billionaires and genocidal regimes.
Waiter, this whataboutism is cold
especially since Israel has gone from ethnic cleansing to simple genocide by bomb with Trump in power.
I understand that questioning your liberal worldview can be painful, but thought-terminating clichés like “whataboutism” do a disservice to rational discussion.
It is not whataboutism to discuss how Trump’s illegal actions are enabled by his predecessors’ illegal actions.
It is not whataboutism to point out the Biden administration routinely circumvented the Leahy Law in order to continue the genocide in Palestine.
Trump has support in all levels of government, and a great amount of it too. This didn’t happen just overnight in Jan of 2025. Biden had opposition who would hold him accountable for dictator stuff (as well as supporters who would hold him accountable depending on what he did) but Trump now has a larger support base to pull off his shit because control at the top is across his party.
That’s why Biden couldn’t do it but Trump can. It’s bullshit and we know it, but no one (including myself) is willing to revolt the way we should yet. We’re all worried about covering our own butts because the system we’ve grown up with is still mostly here so there is still hope that we can change it via our system. We may very well regret this later though.
you must be well positioned not be to regretting it already.
I have a child. I’d rather not screw his life for an ideal where I alone will have minimal/no real impact. I am indeed in a better position than most though and I fully admit that.
the last election showed that the more well off you are, the more pro-trump you become, which means that your child will be proned to whatever for trump-ism takes in the future if they’re not socialized well.
there’s also a correlation with education, so maybe putting them through the best education you can afford would be the best hedge against your child turning into future maga.
I’m not sure what you’re arguing or trying to say here.
My family is quite left and my child constantly stands up for kids who are different. In summer he always does a lemonade stand to donate to a charity of his choice and has been doing this for about 5 years now. He’s raised money and donated 100% to GLSEN, refugees (like UNHCR), a local charity that helps provide toys and needed goods for children, a cancer research group, and more.
None of that is stuff we pushed him into. He is just that kind of a person and has been consistently. He fights the good fight, we support him, and we try to help others when we can.
If you’re arguing that I should be out there causing disturbances, then I’d just like to ask what exactly you are doing in the same vein?
my goal is to share the knowledge that the petite bourgeoisie and the deeply uneducated are the reason why maga exists.
Lol bro maga exists because of dumb people and extremely rich people who take advantage of them, full stop. Every increase in education level favored Harris, as did $100k+ earners, aka your “petite bourgeoisie”. Stop trying to sow discord where it doesn’t exist.
I knew Lemmy would find a way to make this Biden’s fault.
Probably everything over the next 4 years, honestly.
I never said, nor implied, that Biden’s apparent lack of authority was his fault. Also, my name is Bob, not Lemmy.
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These fossils still think that Millennials are kids. Bro, my kids are almost in high school, my back hurts, I feel this flesh prison decaying around me. I’m entering the part of my life where I’m traditionally supposed to be the most economically advantaged, and this bullshit is going to basically nuke my generation’s ability to participate in the economy, because we were all told that we need to go to college to have a good life.
My student loans should be paid off around when I retire, according to their amortization chart.
At this point I pray for an afterlife so that I actually have a life I can enjoy
i was in high school when my parents were my age and i think that this generation’s purpose has become a sacrifice to the capitalist meat grinder; same as the generation during the depression.
I stopped paying mine. It was homelessness or student loans. Fuck em. If they can write off billions of small business loans, they can write off my student loans. Fuck that game.
Just remember the two pieces of shit that sued to stop student loan forgiveness. I think one of them had PPP loans forgiven.
I agree with you in principle, but they won’t do it and you’re likely going to end up struggling. There are other payment plan options that I encourage you to research before you end up in more debt which you can’t offload. It’s fucked up, I know. And I’m sorry you’re having to decide between a payment or shelter. Obviously shelter comes first. But there might be other options to allow you to have both.
Consider killing a CEO
NO we should all stop paying. If everyone of us who have student loan debt stop paying we crash the system. It needs to burn like Elon dealerships.
My student loans were private, not federal, which actually worked out great when it came to discharging them.
Defaulting on them fucked my credit for a while, but then it left my credit report after 7 years. And my debt to income ratio was so fucked from them anyway that it really didn’t hurt that bad, and it was okay in 7 years, whereas paying double my rent every month would only cover interest and keep going indefinitely.
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Yes. God forbid somebody tanks their credit score. They might never be able to buy a house because of that!
I hope you can taste the sarcasm in that, and I don’t have to add a /s.
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During Trump’s first term I was convinced that he would try to increase revenue from student loans, so I converted mine to a low interest private loan.
Sadly low interest private options are no longer available for those still stuck in the federal student loan system. The administration knows that low interest private loans are no longer an option, and has a captive market to extract revenue from.
Trump has been grooming his supporters to cheer actions taken against the educated. I hope this move alienates millennial and younger college educated Republicans and finally turns them against the administration.
Owning the libs… bah…
Has a different meaning now.
Non-millenial here, also watching my payments skyrocket by 440%. Can’t get loans with my excellent credit score because my debt to income ratio is super high. At this point it would cost me less to tank my credit, go into default, and be garnished since my credit score is meaningless anyway.
299.56% for me.
And the kicker is that in the 10 years that I have paid, my principal balance has not decreased at all.
Oh, and the real treat? Since the Federal injunction, I can’t recertify my repayment information, which means I lost all progress towards loan forgiveness.
I am fucking livid.
When the game is that tilted against you, when do you just stop playing? You’re literally getting nowhere playing by the rules.
I wonder how that plays out though. What’s the punishment for non-payment?
As I understand things from my own reading, Student Loans typically can’t be discharged with bankruptcy, and they start garnishing your wages eventually if you don’t pay voluntarily.
Short of keeping all your money in cash and living off the grid in a hovel not worth the trouble for the bank to foreclose on, I think I’m pretty much fucked.
You can’t “not pay”, but a million people can “not pay”. You all need to get organised. These student loans are ridiculous, debilitating, crippling maybe even killing.
It is killing people. It’s social murder.
They will garnish any wages that they can. Not to mention the late fees that are added to your principal (and interest is charged) each month you don’t pay.
They will almost certainly change the rules once the injunction finalizes. Call your representative and tell them what’s going on.
Good thought, and I absolutely have.
Holy shit!! I won the birth lottery be being born in Norway, and I watch Last week tonight with John Oliver weekly, read the news about what’s happening around the world, to be informed, listen to Behind the Bastards, Lemmy, local news etc., so I feel pretty informed. However, 440% increase? And the other commentary who’s paid for 10 years with no decrease - what in the actual fuck???
There are SO many property owners who could not keep their house with a 5% increase on their house loan (article from COVID years), and I remember reading about people going to the news complaining that they had to cancel one of their streaming services, and others who maybe had to sell ONE of their two cabins.
450%‽‽‽‽‽‽‽‽‽‽‽ Why have people not revolted? How can you still be complacent? I’m so sorry to hear about this happening.
Why have people not revolted?
Our cops will fucking kill us
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Yeah they talk like there’s a massive number of dangerous criminals who want nothing more than to kill cops out of pure evil and desire for chaos that are just hiding among the everyday population. I’ve had cops refuse to respect that I’m panicking during a traffic stop because I have an anxiety disorder and just keep asking with increasing intensity why I’m scared. And like I’m not going to tell them it’s because an armed lunatic is asking me why I’m scared.
Same. Born in Belgium and I had to pay less than 1000 € for a full academic year at the University. The quality of education is good. I got a decent job, correctly paid. I did not had any debt when I started my career. What more did you get in the USA ? I would be depressed as hell to be in the shoes of that guy who claimed above that he paid only the interests of his student debt, after ten years of reimbursement.
Funny you think the higher price tag gets us anything more. I spent 60k to get my degree, and graduated into a recession where I couldn’t get a job flipping burgers. I’ve been on income-based payments for my student loans ever since and have never paid even the full amount of interest for one period because of my income. So now I owe 10k more than I graduated with, and km homeless and unemployed cause I’m overqualified for anything entry and don’t have the experience for things that need a degree. Yay for the American dream.
And the other commentary who’s paid for 10 years with no decrease - what in the actual fuck???
Not to justify, just explain: That person likely only ever paid the bare minimum to cover interest. It’s like when you have a credit card. You can make interest-only payments, or you can pay more to start clearing the actual debt.
There are SO many property owners who could not keep their house with a 5% increase on their house loan
But it’s not a 5 percent increase, it’s a five percentage point increase on the interest.
I’ll take a loan calculator with typical Estonian values for an apartment, not a detached house, bought before the Ukraine war with the standard margin + euribor interest scheme.
250k @ 15% down, 30 years, 1.7% base interest + 6 months euribor. Euribor was 0, so we input that into the calculator. Monthly payment is 754 euros. About the same as rent for a decent 3 bedroom apartment, so not a bad deal, right? At least you get to keep it at the end of the 30 years, plus Euribor has been 0% for like a decade, it’s never going to go up. Well, now Putin attacked Ukraine and it triggers raised interests because they’ve already been too low and inflation has been too high. Over the course of the next ~2 years, Euribor goes up to 4%. Now your interest has gone from 1.7% to 5.7% annually, with the euribor part being updated every 6 months. And the payment? 754 euros monthly to 1233 euros monthly. If you’re making 2500 euros neto, 754 euros for a mortgage isn’t a bad deal, but 1233 euros as the prices on absolutely everything is going up 2-3x? Suddenly it’s a lot less affordable, at least if you have a family and such. For a single person it would still be doable.
Because apparently they won’t start collecting those new prices until December?
Republicans always crash the economy.
Do Americans not have eyes?
How do they not see this pattern?
I think you’re looking at this the wrong way. They’re in a death cult. They want this. They want anyone who is opposed to them to suffer as much as possible even if it means destroying their country in the process. This is what “owning the libs” is about, and it’s all they have left because their pathetic ideology can only make things worse for the working class.
I don’t think most of the cultists actually want it to crash. Sure, there’s a subset of accellerationists, and for sure they want to teach their enemies a lesson, but I think for the most part, they think that everyone is lying, overreacting, or it’s just temporary and things will be much better afterwards. The problem is, they can’t ever get out of that modality because of the sunk cost. No matter how bad things get.
Educated people don’t support the regime.
Some of the smartest people one can know are fucking stupid idiots.
How bad will it get before people start emigrating?
It’s already started
It started years ago. Chinese and European institutions were recruiting Americans almost a decade ago while I was still attending scientific meetings. Most of us could see the writing on the wall about American science. I was too close to retiring for such a jump to make sense for me then. I’m SOOOO glad I’m out of the game now. And grateful that I have a comfortable income from my pensions and SS without tapping into my savings.
Cartoon “Brain drain” by Oliver Schoff.
Would if I could. My skills aren’t in demand in other countries, and my health would be an issue for those with universal Healthcare. I’m stuck, and have made peace with the fact that I’ll be a statistic of this administration. I’ll do what I can to prevent others from suffering the same fate, but realistically, I have no avenue to save myself.
Fuck that, I’m not going to let a born-rich-bottom-boy and a fucking wannabe Dr. Evil kick me out of my country.
Why do you care so much about a country that supports a “born-rich-bottom-boy” to do whatever they want?
I’ve had the opportunity to live in many countries, and I can tell you they’re much more pleasant than the US
Because I have a strong connection to the areas I’ve grown up in and I simply have moved too many times in my life. I have finally put down some sort of roots and started to build something to be proud of. I’m not leaving.
We already have. It’s been cheaper for a while now to go abroad for undergraduate and graduate school. Source: Me. I did this for the golden visa and got tricked by stupid sexy science. I have met several like me in the last decade. It’s been a long time coming.
Damn too bad I ain’t paying shit
Can’t get blood from a stone.
I think this will be a coercive leverage to “encourage” military conscription.
Massive student loans? Sign on the line for 10 years fighting to kill citizens of other countries like Panama and Canada, and your loans will be discharged!
Specific loans like student loans could also act as triggers to deny passports and other ways of escaping the country.
Oh for sure.
The administration has a hate-boner for millennials.
Look at RFK decrying SSRIs and stimulant meds. Wanting to send people to “detox farms” to harvest “organic lettuce” (unpaid) for “years”.
Aren’t like a quarter of millennials on SSRIs and/or stimulant meds?
And of course we are. The world sucks. Civilization is likely to crumble in our lifetimes. And we aren’t good enough for your (boomer/old-X) approval…never have been. Ya damn right we are depressed and anxious. Not to mention overworked and our focus constantly challenged. Literally can’t go through 5 seconds of any form of media without some sort of shiny object dangled in front of you.
Only millennials? Take a look at your own future.
It’s messed up how low my federal student loan interest rates were. I was paying my loans off in the early 2000s and I swear my interest was only like 2%!
https://youtu.be/rRndMiVIB-w Even trump himself admits it
All the better to declare himself supreme leader for life so he can “fix everything” and MAGA.
