Since Trump is about to wipe out the DoE with an executive order, remember that Biden could have forgiven all federal loans. The parliament smokers couldn't have stopped him. Congress couldn't have stopped him. He could have done it and it would have hurt nothing because Trump would have just closed it down anyways.

Biden didn't because he didn't want to. The people around him could have talked him into it, but they didn't want to. The representatives could have went with a different nominee who would be more personally amicable to debt relief, but those people aren't nominated on purpose. Nobody was stopped by procedure. The procedure worked as planned.

Moreover, Joe Biden owes us $2,000

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[–] LGOrcStreetSamurai@hexbear.net 6 points 1 day ago

I think about this often. I'm no economics big-brain but I would imagine if student loan jubilee (hell, even an "easing" on student loans) occurred, but it would really free up an entire generation of workers to do stuff. Move out their parents house, start families, buy a house, maybe start a business, maybe not be so depressed, all that sort of stuff. I understand why they don't do it, but every time they conjure a gazillion dollars of aid to whatever client state or MEGACORP it just makes me so made they can't spend a fraction of that on student loans. Education in America is so borked, which sucks as I believe education is actually cool and good. However we have just made education carnival of nightmares.