ST Alpha - "Biden is expected to announce as soon as Wednesday that he will cancel $10,000 of federal student loans per borrower making $125,000 a year or less. -- (link*)" (Reading a Post)

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Biden is expected to announce as soon as Wednesday that he will cancel $10,000 of federal student loans per borrower making $125,000 a year or less. -- (link*)

Posted by budice Aug 23 '22, 09:22

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https://twitter.com/NBCNews/status/1562108272047521795 (twitter.com)

Responses:

It's a great start. -- nm - Remlik Aug 23, 10:29
I've heard this before. I'm waiting for the chick to fully emerge from the egg before I count it. -- nm - crash davis Aug 23, 10:18
Way to piss off both sides of the argument, Joe! :) -- nm - znufrii Aug 23, 09:48 13
- That is how you know he is doing the right thing -- nm - crash davis Aug 23, 10:15 1
  - In this case, at least, probably. -- nm - znufrii Aug 23, 10:21
- somehow, I'd never get pissed off if I had $10000 of debt forgiven. Sure I might want more, but it's still $10000 damn dollars. -- nm - Diva Aug 23, 09:54 2
  - Welcome to absolutism. It’s not just a haven of the Right. -- nm - Will Hunting Aug 23, 10:14
  - But, but…the memes! -- nm - znufrii Aug 23, 10:00
- Both extreme sides. He’s doing the centrist thing as he said he’d do. -- nm - Qale Aug 23, 09:48 7
  - I don’t have a problem with it, but personally I’d like to hear about structural changes to the program instead of just bandaids. -- nm* - znufrii Aug 23, 10:01 6
    - A nice start would be drastically lowering the interest rate students pay. Undergrad is like 5% and grad is even higher at 6.5% and up. - Krusty Aug 23, 10:33 2
      - a nice start would be lowering tuition to affordable levels. -- nm - amanda Aug 23, 11:41 1
        
        Agreed. Though, the government doesn't set the cost of tuition. They can help in a small way by making it less costly to borrow the money needed for - Krusty Aug 23, 11:48
    - Yeah, it just happens again unless A) fixes are put in place or B) fewer people pursue higher ed. - Beryllium Aug 23, 10:16
    - agreed. I want them to have less debt and education to be cheaper -- nm - St. Epiphany Aug 23, 10:11
    - Panders to young voters—maybe $10K will help a few younger folks get to the polls -- nm - Flavorize Aug 23, 10:03
Not nearly enough. Cancel the full $50k for all borrowers and let that act as a stimulus to the economy. - TWuG Aug 23, 09:44 1
- Sure, if you want to forget about trying to control inflation. -- nm - znufrii Aug 23, 09:49

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