So, Mohilo is basically a corporation that allows the Missouri Government to not be sued, but Missouri gets all the profits. I wish everyone could do that. No liabilities, all the profits.
Acts 4:34. For there was not ANYONE, among them who did lack, for as many as were possessors of fields, or houses, selling them were bringing the prices of the thing sold, and were laying them at the feet of the apostles, and distribution was being made to each according as ANYONE had need 👑👑👑💕💕💕🙂🙂🙂 NO ONE IN THIS CITY HAD A NEED FROM YOUR WEALTHIEST TO YOUR POOREST ALL NEEDS WERE MEET IN THIS CITY👑👑👑💕💕💕🙂🙂🙂
@@edswrld exactly! So Why isn’t Mohila present? The injury is to the LLC according to the suit (which is baseless anyway), why is the state of Missouri involved in a suit that is allegedly injuring the LLC Mohila? They are two separate entities legally so the state of Missouri has no standing in this case.
One must ask… what about the billions given to Ukraine and we can’t even help our own people. We have a whole bio chemical disaster in Ohio yet we still giving money to Ukraine happily and can’t help our own people. Anyone wanting to block this 9/10 once had student loans and are butthurt. The ol “back in my day” tone. Times change, people change, and the value of the dollar also changes. Evolution happens
@jd Why should the federal government step in with billions to help Ukraine? When you give me a valid answer then we can speak until then right back at ya bud
@@derekhauser6780 Only if the federal government forces them to step up. I think NFS should step up, but large companies like that only act if the federal government forces them to step up.
You misunderstand how thr military aid works. The equipment sent to Ukraine is already earmarked appropriations to the US military by Congress through the budget process. The money will be spent by the military regardless of if it's allocated to Ukraine or ammunition manufacuring or to build barracks. It's disingenuous to assert that this money could be spent elsewhere when it had already been scheduled to be spent that way from the beginning. The only way this money would go elsewhere would be if Congress allocated less money to discretionary military budget from the get go.
Because Congress passed laws for those bailouts. This loan forgiveness program was made by the executive, which might be illegal. You want to forgive student debt? Use the Congress and pass it legally.
to highlight Garrett's point. Congress would never pass something like this to help middle class americans. However you'll get bipartisan support to bail out multi-billion dollar businesses that lobbied and didn't build a rainy day fund, all while getting tax-payer subsidies. Citizens United ruined it all
Those were done legally through Congress while the student loan forgiveness plan was not. Congress is responsible for voting on bills for spending our money, not the president.
The government needs to move forward with loan forgiveness. It's not like they were getting all of their money anyway. Ppl die before all their loans are paid off
From what I'm gathering, MOHELA isn't really actively involved with this suit nor are they as entangled with the state as much as the opposing parties make it out to be. (One of the main points of their lawsuit) They didn't even bother to represent themselves in court, as they are liable to represent themselves in this case. The state can't speak for them. These opposing parties have alot of explaining to do. It seems like these opposing parties scraped together anything just oppose Biden's plan.
Repeal the trillion dollar tax break for the billionaires, stop subsidizing Exxon, tax stock buybacks and excessive dividend payouts, though not illegal , immoral.
I know you're not very smart when you say "excessive dividend payouts". Who taught you to have the arrogance to determine what is "excessive"? They are owners and have a right to dividend payouts equal to the portion they own. Stock buybacks are immoral? Did you get a nice sociology degree from school and think the world should work as you demand?
@@kevinbaldwin7805 No I am unfortunately getting 35,000 a quarter for not doing a damn thing other than owning stock. Meanwhile I have a deadline to sell some stock back with the promise to buy back at a deflated lower price. What a country. And it is taxed at a lower rate than my salary.
Complaining about the unfairness of having a portion of federally funded student loan debt forgiven because its “unfair” is equivalent to complaining about paying for social security and Medicare. The social security fund reserves are projected to be exhausted by 2037. This means I have been paying into a pot that I will never see the benefit of without groaning about it.
I had over 100k in student loans I managed to pay them off. But this country has a serious problem with student loan debt. If this forgiveness helps people that aren’t as fortunate to pay down their students loans it shouldn’t be a problem. It shouldn’t be a basis of fairness life isn’t fair. It should be looking out for your fellow men and women. But what do I know✌🏽.
Sorry, but I disagree. The money owed in student loan debt is an obligation that was made by each person who has student loans, it's not something someone else should be responsible for. So, if the federal government bails out those who have student loan debt, it's federal government money which comes from money paid by American citizens in federal income taxes. Every American citizen who pays income taxes will be paying for that forgiven student loan debt if the Supreme Court doesn't sustain the appellate court. Anyone who pays federal income tax will be paying for every dollar forgiven by the federal government for student loan debt. The only way to avoid doing so is to stop paying income taxes, and I don't advise that at all.
The people who never went to college and have to pay the debt of these students ain't fortunate. They decided to go to college they should pay the debt
The only "serious problem" we have in this regard is people taking loans that they can not pay back. You agreed to it borrow this money with the understanding that you will pay it back. You put yourself in this position unnecessarily, it is your problem , not mine.
@@csyarid No one forced anyone to start a business either, but these very few individuals got twice the amount that is being requested for nearly 50 million students. When billions are given to the rich you don't bat an eye, yet when a measly $10k is offered to struggling students you stay hellbent on overriding the program.
How do tax dollars pay off everyone’s else’s student loans? Don’t our taxes just fund the government and they representatives decide what the money is used for? You can’t just cherry pick what you want your own individual taxes to be used for- otherwise, people wouldn’t want to have their individual taxes used for corporate bail outs or funding the military that couldn’t account for nearly a trillion dollars.
You can (object) if YOUR representatives didn't ever have a say in how the money is spent. In this case, _if this huge expenditure (or one 4x as big) was NOT the intent of Congress in the HEROE'S Act,_ then taxpayers would have the same objection those fellows had at the Boston Tea Party. 🫖🍵
I graduated in 1991 with $4000 in student loan debt for my BS in Computer Science. My wife worked; while, I attended college. I returned the favor and work while she went to college and she graduated in 1995 with a BA in Criminology to help her become a State and later a Federal Probation Officer. Her student loans were $25,000 for her degree just a few years later. That same degree now cost a minimal of $30,000 per year today. Why are we so upset with the students when it is the colleges/Universities jacking up the prices like a business driven on profits?
What specific injury ? Explain please . Yes there was a bailout . But The banks had to pay it back and they DID ! Do students that get 20k forgiven have to pay back the 20k .. logic my friend … logic !!! You could argue what Injury do any of us have if they forgive all those student loans .. to that I answer , not immediately, but the Biden administration hired 87k IRS agents to go after our money increased taxes ! .. so yes , those that paid off their loans , get nothing out of this … infact it does hurt us !
Everyone is so stingy with their money in these comments. I would help people pay off their debts with a few extra dollars taken out of my check each time. When did we stop helping each other?
People aren't taught to look at it that way. Charity has transformed into theft in the eyes of many, but only under specific circumstances based on the political narrative you conform to.
People are free to give to any cause they want.....The House could pass a bill to make any sort of forgiveness legal....Biden can’t.......It’s just the US Constitution stupid...... Apparently no one teaches US Government any more or they are doing a poor job....Maybe these students should ask for their money back from these schools?
When we don't have it, when $5 a week makes a difference in whether or not I can eat. That's why I don't want to see my income taxes raised to pay someone else's debts. I didn't sign the promissory notes and I don't want to pay them -- I can't!
How is it not mentioned that in the fairness to the business owner that took on a loan to start a lawn care he has the option to discharge debt via bankruptcy and was provided PPP loans and loan forgiveness discharging the entire loan... vs the 10-20k in debt relief to students...
Let's not forget the 'Up to $10,000" SBA Grant all businesses received. As a self employed individual with no employees, I only received $1,000, but it was Direct Deposited into my bank in less than 48hrs. The grant was: Small businesses, including self-employed, get $1,000 per employee, including yourself, and capped at $10,000 maximum. So, even though student's get $10k.... that 'lawn care business owner' in that judges example.. actual did get a grant up to $10k. Wish the lawyer used that in her answer.
And, if it was more lucrative to the business owner to do so, the 'forgivable PPP Loan' was an option too. You can only chose the PPP or SBA Grant, not both.
Every American citizen received some Covid Relief money, money that was direct-deposited into the taxpayer's bank account. I never got involved in any SBA Grant (I was not in business), but every American Taxpayer did get money from the Covid Relief packages approved by Congress, the largest amounts being disbursed I think in 2021. But amounts to personal taxpayers (no businesses) were much less, I think 2021 was $2,000!
I cant see why this is an issue our tax paying dollars are used for so much other unnecessary things but once it comes to helping american citizens its an issue.
You don't seem to understand: If this student loan debt is forgiven, every American taxpayer will have their taxes (federal income taxes) increased substantially to pay for the forgiveness, so every other American taxpayer (other than those owing the student loans) will be paying for the student loan debt of those who are given forgiveness of a portion of their student loan debt. That's why! I have no income to pay more taxes to the federal government.
Neither of these plaintiffs have a valid standing. It’s all a fairness matter when nothing in this country is ever fair to EVERYONE. Where was this fairness complaint when it came to bank and corp bailouts, stimulus checks and PPP loan forgiveness?! Mohela needs to bring its own case and Nebraska speaking for them suffers no injuries from this statue so they have no standing either. Deny these already and forgive these loans. Help you citizens once ahead of corporate interest.
@@csyarid Stop pretending like you know judicial law. I advise you to research what *standing* actually means in the courts, especially when it reaches the highest court in the US.
@@csyarid he actually does and that’s why he made the call and secretary acted, but the burden of standing isn’t on him it’s on the people bringing the suit.
One has nothing to do with the others. If you agreed to borrow money, you agreed to pay it back. Put on your big boy pants and take care of your responsibilities like an adult.
That's insulting to RBG. Even she wouldn't of voted against repealing Roe. She atleast came up with legal arguments for her political stuff, mayor just blatantly says "I think it's good for people so let's do it"
Marjorie Taylor Greene, Matt Gaetz, Ted Cruz and other millionaire extremist Republicans got TOTAL PPP loan forgiveness for millions and don't have to pay back anything. But they all want to block President Biden for helping the students with $10,000 student debt relief. The students and others who have student debt had to suffer through Republican Coronavirus too? Why are they being treated differently by the RIGGED extremist six Republican hacks on the Supreme kangaroo "court"?
The Heroes act was enacted by congress under George Bush back in 2002. It was extended for years and both political parties benefited from this. From a conservative standpoint, the government should not have their hands in banking for students. The federal government made about 5 billion per month in interest over a decade. READ THAT AGAIN! That alone can pay off the debt without tax payers. I want accountability for our money that we students put in.
It's clear that the plaintiffs lack standing. Both the Dept of Ed and even the justices were easily able to show the weaknesses and inconsistencies of Missouri's argument. How is it that these two student loan borrowers have money to to court repeatedly? Their court and student loan debts are already likely paid because this has nothing to do with their arguments for making the case and everything to do with a state attempting to block the program for their own supposed benefit, which they are unable to prove by the way. Hope the court makes the right decision here, but I'm never confident they will.
Rather than forgiving debt, they need to change the rules so that student loan debt can be treated like any other type of debt in bankruptcy court. Currently, a bankruptcy court has NO power to modify student loan debt if someone were to go through bankruptcy. Change this. Then if something catastrophic happens and some has to go through bankruptcy, the court would have the power, like ANY other debt to modify the principle, interest rates, repayment options etc. I myself would never want to use thst option, but life happens. If I suddenly became disabled due to an accident and needed the tools of a bankruptcy court to save my home, I should have that option. Currently my parental plus loans would be excluded from any such remedies and that simply is unfair when you have people like Trump us bankruptcy on a regular basis as part of doing business. We should have those same tools foor any and ALL types of dept.
Again, the legitimacy of this court is on the line. Will they respect their legal precedent on standing and laugh this out of court, as they should? Or will they simply continue running roughshod over prior precedent? Either we have a meaningful jurisprudence or simply political figures in fancy black robes intent on achieving their political aims. You can not have it both ways. It is crystal clear that these plaintiffs have no standing.
Not only is there no standing but these "justices" have no standing! Five of the six extremist Republican appointees are illegitimate. They were appointed by "presidents" who initially or TOTALLY lost the popular vote. They do not have the will, honor, standing, or backing from the American people. Alito and Thomas have leaked they will block President Biden's student debt relief. Also, people have said Alito, Thomas, Kavanaugh, Gorsuch, and Roberts had dinner with Marjorie Taylor Greene and assured her they would block the plan. This "court" is the worst in our country's history. Total extremist Republican political hacks, it's totally RIGGED! We have six politicians in robes, not fair and just judges.
Precedent should not be the ruling factor. The Constitution as originally intended by the Founders should be the ruling factor. THAT is what the USSC is there for, not to bow down to either precedent or international law.
@@patriotsongs Are you challenging Marbury v. Madison? How far back are you going? How do you propose to divine the intention of the framers of the Constitution? I think you refer to Article VI: "This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding" As you can see, international treaties are part of the supreme law of the land.
@Patriotgames Stare Decisis was part of our jurisprudence from before our founding and right up through the present. I think McColloch v. Maryland in like 1819 referenced it and the founders were well aware. It even shows up in the Federalist Papers. Without this doctrine we would have legal (and other) choas.
In the last 5 years alone, the 200 most politically active companies in the U.S. spent $5.8 billion influencing our government with lobbying and campaign contributions. Those same companies got $4.4 trillion in taxpayer support - earning a return of 750 times their investment.
Listening back. Rep. Supreme Court justices are looking for a loophole to tie mohilla and the state out of the “lack of precedent”. But if you apply the law as was stated in the opening arguement, then student loan forgiveness passes. Get ready for forgiveness folks
@@shmobiden6860 you’re okay with trillions that are going towards defense war and giving tax breaks to billionaires but not billions back to tax payers that borrowed FEDERAL loans?
@@eos_2366 "you’re okay with trillions that are going towards defense war" When did I say that? "and giving tax breaks to billionaires but not billions back to tax payers that borrowed FEDERAL loans?" Nothing wrong with tax breaks. You act like it's welfare and it's not. Tax break-government taking less of the money you earned out of your wallet. Welfare-taking money you earned out of your wallet and giving it to someone who didn't earn it.
Lol no criticism of Sotomayor's legal argument of "it's really helpful to people so it's constitutional"? Thomas is by far the most thorough Justice. Over all this time, he's never said a sentence without backing it up specific legal explanation, many times at his own detriment. He's like a legal robot. You can not like Thomas because you're partisan, but the guy follows the constitution to a T. He's exactly who you'd want on your case if someone was doing something to you that's unconstitutional. If the political left was a fan of what happened to you, Sotomayor would throw you right under the bus.
@@michaelrandall7667 the fairness argument is no different than her argument, at least her’s was in context. The fairness argument wasn’t even brought up by the plaintiff.
@Alex Cipriani in what context? She does it constantly. She did it with the Vax mandate, with affirmative action, and now again. Just because something will help people or not doing it will hurt people, it does not make it constitutional. How is her judgment of the greater good relevant?
@@michaelrandall7667 judge Thomas is usually quiet because he undresses the women in the court with his eyes and mind. And he is married to a treasonous traitor. You are either with America or against it. Choose wisely
You need to fix the cost of colleges before you start forgiving loans. Since the loans are backed by the government colleges are charging what ever amount they want. Fix this overcharging then maybe we can talk about loan forgiveness.
I’m confused you can write off car loans ,mortgages but not student loans …..? Is there a separate set of funds , rules , stipulations for student loans ?
The Government funded Student Loan programs were worried about people taking out massive student loans and declaring bankruptcy after graduation to clear the debt. This all started back in the late 70s when the price of higher education became a profit center for colleges and Universities. Taking the bankruptcy credit hit is a lot shorter time period than paying back $100,000 to $250,000 student loans if this law wasn't in place.
@@rogerclark9285 reconciliation is considered cheating now huh? Well I guess republicans cheated that through the senate with the tax cuts for the rich of 2017 😂
God forbid they just work together in the senate with the Republicans like they are supposed to. You do know those Republicans represent half the country, right? What is more fascist, or maybe I should say Totalitarian, than your comment?
I wish they'd cancel the student load debt. I wish they'd started higher, like 50k. The fact that predatory lending for people who's brains haven't finished developing is OK because they'll earn more money later in life - is a farce. You're 17-19 year's old depending on when you began HS & you can't adequately conceptualize how these loans are going to impact your life. * I have no student loans - so I have no *skin in the game*.
we have community college after 2 years transfer to state university to get your degree but for whatever reason we love those trending universities 52k to 60k per year
To clarify - SCRA is 6%. The government/tax payers do not pay the entire interest on military members' loans. Even when we serve [overseas/in combat] we are still expected to pay off/for our debts with interest. Also to clarify - The GI bill does not imply free college. I still had to pay a portion of my for 4 years in school. This is crazy! If this goes down, these student loan holders need to volunteer for our country for at least 3 years, in some way or another. If I'm expected to give more, without something in return, I'm claiming a hardship during the following tax year.
Translation: "I deserve all the stimulus checks I can get out of your taxes with no repercussions, but you student debt borrowers can go die if you take any out of mine."
So basically…. I had to pay for all my education. And now…. I’m supposed to pay for these peoples’ educations too. How does anyone seriously think this is a good idea? Have to pay for school. Teachers must be paid. A lot more than what they are currently too.(obviously only the ones who actually do their job well) having our government even discuss this is already a waste of my (our) tax dollars…. Needs to stop immediately. No arguments. Got student loans ? F@%king pay them…
As a taxpayer, I didn't ask for my taxes to go into the pockets of billionaire corporations, rich, famous people and executives, and politicians either, but look where we are now. And you're right, there should be no arguments, since both plaintiffs inherently lack standing and so the cases should be thrown out. I actually recommend you to go listen to the entire OA and see how the Biden Admin's Solicitor General completely dismantles the GOP puppet who came very ill-prepared in comparison to herself who came in with real intelligence, poise, facts, history, and documentation.
Pay your debts. Stop buying avocado toast and Starbucks everyday. Stop buying the new iPhone every year. And then crying you can’t make your $250 loan payment
The rich and the poor. The plan has been in effect for sometime now. It's starting to really take shape. This country gives big billion dollar corporations tax breaks. But makes it harder for the middle class to send their children to college. Now you have fewer college graduates coming from this socioeconomic group. The ones that do graduate will be paying back a student loan well into their 60s. While the wealthy have already paid for their children's college education. So now the gap widens. So yes keep on voting for politicans who's only purpose is to make sure this goal gets accomplished. By the way, you can definitely say goodbye to the thought of any type of college education being free. Let's go USA!
I paid off my student loans and didn't expect anyone else to do it for me, not other taxpayers, definitely. If the student loan program is broken, then fix it, but don't make others pay for loans that students went into willingly.
Nothing is broken but your reasoning, all the billions being sent to Ukraine and the bail out of these banks and corporations is fine tho.. it sad that we are helping others but won’t help your own God bless you
Right because my tax dollars can pay off PPP loans, bank bailout , auto bailouts and it’s okay but help out the average American people want to sue because they want to be petty.
Prelogar does an excellent job presenting the administration’s position. Conversely, the conservative justices look ridiculous. What is this funny business about “is it fair,”completely dismissing the word waiver, or trying to apply some other abstract definition to the word waiver. None of this is conservative jurisprudence.
@@spreadgoodenergy6051 No, I still had to pay off my loans despite not having a job. I got no relief and not making any money, but I still paid it off.
Why should I help pay someone else's loan when I went to school I didn't even qualify for a loan.... Get a job! There's plenty out there according to Joe Biden.
@@Randrez right so when we help our own people it’s an issue. Bunch of hypocrite conservative out there chanting America first but they get to say what their definition of helping America is.
The Congress could have passed a bill to authorize student loan debt forgiveness before the 2022 elections when the Democrats had the majority to do that...... Why didn’t they do that when they had the power to do that ??? Bunch of political hypocrites, that’s why.....
Well, here we are. If you are not wealthy enough to pay your children to go to college or employ them do not have children. If you have children now there are only three options. Military, Law and Healthcare (umbrella)
Let me tell SCOTUS my story. We should all send them our stories so we can get student loans forgiven. They won’t be able to read them but force them to do something about this issue.
Ok. Then there is real life., where everyone has their own story. Your problems or my problems aren’t the responsibility of anyone else to care about. We get ourselves into problems which are our own story so we need to be responsible about ourselves. Our school loans are just that. Our school loans. Just handle your story.
Tell your story to the vets. You know the ones that volunteered to serve, so they may get financial help with school. Maybe you should consider joining. If you didn't get the memo, the government will help you with school if you ACTUALLY serve our country.
The supreme court justices' job is determine whether or not there was a constitutional violation. They don't take comments or letters from the public for consideration.
Gorsuch - _Planning Ahead_ with his question to Solicitor General Prelogar on courts NOT being authorized to provide universal relief / a nation-wide injunction on the basis of, say, the lawsuit of just two students.
This is a vote grab how about living up to the terms and conditions of the contract you signed like I have been doing since I became an adult in 1980 the country is turning into one big kindergarten many in the country yearn for a European type socialism.
Ok boomer, seems like your age has caught up to you, so allow me to remind you that we are in the middle of a once-in-a-century global pandemic, a cold war against China/Russia/NK/Iran, exponentially increasing tuition costs well over 10 times more than what you paid for in 1980, increasing inflation, interest rates, house and auto costs. THings are wildy different today and more expensive than they were 45 years ago, the prospect of buying a house and starting a family as a new graduate in this new day and age is more likely implausible than not for most people.
@@C_Richardevery single point you TRY to make is a direct result of big government intervention in global affairs 😂 And you want big government to reach out and offer you more “help” that will saddle everyone with crippling debt, a widening wealth gap and a poorer America.
@@floivanus Doesn't matter because the effects are loud and clear to citizens and taxpayers like my myself. This will do the exact opposite of the last points you mentioned actually, by narrowing the wealth gap and creating a richer America and working class by boosting the economy with higher spending, higher credit scores, house purchases, auto purchases, the list goes on. But no don't let those inconvenient facts get in your way.. Lol 🤣
@@C_Richard wrong, the trend of government backed loans and rising prices of college tuition are directly linked. Same thing with the pricing of housing and FHA loans.
@@floivanus Who is disputing that? Of course they're linked. Most students I knew, and I'm sure it's true in general, had to take out loans to account for the increasing costs of university fees and tuition. This is the working class, and since they pull out more loans = more debt = more wealth gap in contrast to the upper classes. Your reasoning holds no merit, just as the two plaintiffs who inherently lack standing arguing for illegalities 🤦♂
This is our 3rd class right , civil rights, American civil rights with my air force uniform and the American flag, minus touch bless the mi military rubber tires,
@@202Redwings "Nat, Bro, whippersnapper, 20 years ago you could discharge your credit card debt with a form you could fill out at the federal courthouse, but no mo. 20 years ago I dumped $32,000 plus, and ah 8 and a half years earlier it was $47,500 plus. Yep, that was the time I bought a used lincoln on a A. E. card. Now it's cash. Like yesterday at Chucky Cheese Pizza, $240, but the grand kids had a blast. It tastes better today. "Reheated".
Ok, forgive all the student loan debts. Every pennies of it. On top of that, refund all the student loans that have already been paid off for the last 50 years! Fair is fair!
@@drrichardpaul It's about forcing American taxpayers to increase the federal income tax they have to pay to pay the federal government for the student loan debt forgiveness this administration wants to make.
I spent all my life paying my bills in my taxes And it's not fair for these people to get off paying their loans just because Is there being irresponsible . Everybody has hard times in life but then you have to buck up And be responsible . Too many people anymore don't want to work and they want a free handout As far as I'm concerned that's BS . I work hard my tax money being paid to somebody that doesn't want to be responsible . It's already hard enough as it is Trying to get by and here we are sending our tax dollars to Ukraine and not sending it to Ohio where it should be spent . Whoever told these politicians that they had the right to spend our tax dollars anyway they want I sure in the h*** didn't ! Pretty sure nobody will see this post well See!
I know people who were paying their loans, doing everything right, and lost their job and wages because of Republican Coronavirus. We had 24 MILLION people out of work in May 2020. Were they not being responsible because we were hit with a once in a lifetime pandemic? We had a CHOKING "president" in 2020 named Trump who fell apart and told the country to inject bleach in the arm, with 24 million unemployed to boot. Is that the students fault?
What's funny to me is that people think if the SCOTUS let's this go through that suddenly taxpayers will have to foot the bill. Taxpayers have been paying the DOE to fund student loans and pell grants for decades, and the interest the DOE gets from those that are paying on their loans further supports its funding in students education and the servicers that handle student loans. TLDR: The DOE profits from student loans.
the taxpayers don’t have to foot the bill; what bill there’s no bill. It’s a cancellation of part of potential future revenue. Perhaps you haven’t listen to the whole hearing but justices and plaintiffs both admitted it has to be a clear specific claim of injury not speculations
400 billion dollars of funding is lost. Nothing else will change, but that. Future funding is not being affected, and no other program is going without to make up for it. It will infact cost the people 400 billion. You're fundamentally misunderstanding how this works.
@Alex Cipriani maybe not in the court of law due to higher standards to win but in the literally sense.... Justice Robert's just made it in the beginning of these hearings. When you cancel future revenue with no plan to cancel any future spending, ... it's not rocket science.
@@alexcipriani6003 Oh, yes, the taxpayers will have to foot the bill. Biden's been looking for a good excuse to raise income taxes for a long time. In fact, he has done just that, through actions of un-elected bureaucrats writing rules. My son made less money in '22 than he made in '21, but he paid $300.00 more in taxes. If you think your taxes (federal income tax) won't increase, you're living in La-La Land! The low-middle income people are the ones who are hurt the worst by the inflation (this bailout will go a long way to further increase inflation), And don't kid yourself, everything is going to continue to go up in cost. The cost of groceries has doubled or tripled in the past two years; for instance, butter has almost doubled in cost, cheese has doubled also, and gasoline prices have substantially increased. These students voluntarily entered into these loan agreements, at the interest rates prevailing. I have never gotten debt forgiveness from any company or any person. I'm concerned that today's young people are completely abandoning their responsibilities to pay their bills. It is hurting every American taxpayer. Young people have to learn that life is a struggle, and getting a free ride on a student loan is NOT going to give them a free ride on any other debt. This bailout is just wrong!
*I am baffled how the cancellation of student debt can be ANYTHING BUT A BETTER POSITION FOR EVERYBODY AFFECTED* (compared to their pre-Pandemic state, strictly related to those loans), rather than the supposed amelioration of damages or SAME position, *as seemingly required by the HEROE'S ACT.* _All loan payments were suspended for the Pandemic and interest did not build up...then SecEd cancels some or all that you owe!_
I guess we all hear what we want to hear because the argument against the student loan forgiveness does not sound valid. Mohela already has said they are not against Bidens student loan forgiveness plan. While the heroes act does give Biden, or whichever president, the ability to do such a thing. 🤷♂️
And of course like always the poor poor working-class American taxpayers will pay and pay and pay of course always the same thing the poor hard-working American taxpayers the working-class taxpayers the poor working-class taxpayers will pay and pay and pay and pay and pay and pay and pay and pay
Ehh, that's not exactly true. I'm against the loans, but let's be real. The poor working class doesn't pay federal taxes. They get tax returns every year... aleast the vast majority.
@@michaelrandall7667 if one poor hard-working class does not get all their federal taxes back they get so small a very small small portion of it and why is it their job their job to pay and pay and pay and pay for those who do not work
@Tibore Goldberger that's not true though. Most people that make less than 80 grand or so get all of their federal income tax back every year. That is your contributions to the pot. The rest is state, Medicare, social security. The fact is poor people don't pay taxes. They don't "pay and pay and pay" at all
@@michaelrandall7667 I guess you're happy that they live in poverty it's so wonderful that the poor working classes can live in the poverty that you enjoyed giving them it must be wonderful America to be a working-class person living in poverty and paying and paying and paying and paying and paying
@Tibore Goldberger how is pointing out the objective reality that poor people don't pay federal income taxes translate to me being happy people are poor? I don't pay federal taxes either. What you are saying is insanity. Why not just be an adult about it?
Me. I did take academic classes while I worked full time, and maintained a 4.0 GPA,. but taking 6 hours of academic classes and working full time is very hard to say the least. I paid for my own tuition and books and paid my bills as well. It's hard, but it can be done.
POLITICS & GREED - 2023 $$$$ Greed is an unwholesome desire A craving to obtain all desired by man. Caused by gluttonous, ego and conceit As we eagerly grasp everything we can. Wealth, fame, power and libido Are the trophies of what greed consists of. A hunger to experience every exotic wish Overpowering the glory of love. Twisted by pursuing all, which is wrong Our compassion becomes self-serving. We ‘re tormented by mistrust, suspicion and rage And our downfall as a human is deserving. All begin as a sweet child of God Blameless, loving, sinless and full of need. It’s adults who teach life’s living examples Of goodness, evil, hate, forgiveness or greed. By Tom Zart Most Published Poet On The Web
Smart enough to lose a job in the pandemic. Smart enough to pull yourself up by the bootstraps and make little to no income while inflation keeps rising and things close down…
@@separatedbrothers the same people that are paying back all the business relief from Covid even when businesses were taking relief and didn’t need it. Why were there no arguments there?
If they can cancel student loans, then I want my credit card debt canceled. What about the people who had to live off their credit cards during the pandemic. You made the debt pay it back.
5yrs na Nilang kina lakal ang buhay KO ksawat ang MGA kasabwat na active pa Sa serbisyo Dito s pinas.ang taong wlang kalaban2x at wlang oi ag Aralan grade 4 LNG po ang narrating ko
Can I get the money back to pay for Marjorie Taylor Greene and other extremist millionaire Republicans who had there PPP loans totally forgiven? Turnabout fair play?
@@tony84. Were PPP loans approved by congress? Did the government force businesses to close for covid costing businesses money? Did government force students to take out a personal student loan?
@@hammerandthewrench7924 So we should bail out the morons who went to expensive schools and, likely, got garbage degrees rather than performing a financial analysis of which school has the best return.
What you’re basically saying is that you have no real consequences. This isn’t about canceling debt. This is about not paying interest on the debt. There’s a huge difference.
How about paying the person who couldn't afford a loan or go to college at all? How about the people that worked and paid their way through college. This whole thing is BS!
What about people who were paying their loans, doing everything right, following the law, and lost their jobs because of Republican Coronavirus? If you lost wages for 3-6 months President Biden is trying to give a little breathing room to millions. This is not total forgiveness. Marjorie Taylor Greene, Matt Gaetz, Ted Cruz, all extremist Republican millionaires got TOTAL PPP loan relief for MILLIONS, is that fair? But you don't want to help the students?
forgive there loans , then lets start forgiven my loans before I cant pay there loans and mine loans. My loans I made knowing I can pay them if you add there loans to my loans then what do I do go bankrupt when I cant pay any more loan dept . does anyone think this is a good idea. Does anyone know of an attorney in the country that is going to start a class action lawsuit if we are forced to take on any dept that we had not signed in to a contract . Its only fair if you forgive there dept then you need to for get the dept of every American in this country that the pandemic place a hardship on like me .
Did you know also know that your taxes and mine also went into the pockets of few millionaire and billionaire individuals, corporations, and politicians? And are you forgetting about the various stimulus checks that already went to most Americans? What about the student loan borrowers who spent years in hopes of a better and brighter future for themselves and the country, don't you think they deserve some help? $10k is not even a life-changing amount, it's a leg up to get them back to pre-pandemic levels, not some sort of advantage that business owners were so lucky to have.
how to avoid paying student loans: step 1 become self-employed or game welfare systems step 2 only deal in cash Congrats. You are now immune from wage garnishment and bank seizure
Let the federal government sue you to get a judgment for the amount of the student loan debt you have, then execute seizure of everything you have to sell to pay your student loan debt. That's just a fact of life. Sooner or later, you run out of ground on which to escape. If you have student loan debt, I think you'll eventually end up having to pay it since student loan debt is not a debt which can be discharged in bankruptcy. If you become self-employed, do you honestly think the federal government can be prevented from seizing the very tools you work with? The answer to that is NO. I worked as legal support staff for about 45 years, so unless the law changes drastically, I think you'll end up paying the student loan debt, either voluntarily or involuntarily. I don't give legal advice. Oh, and by the way, if the federal government executes on a final judgment, do you honestly think cash would be exempt from seizure? Don't think so! Get legal advice!
Since money doesn't grow on trees, the money has to come from somewhere. The payments on the loans, if not forgiven, would go to the government. Unless they cut the budget by the same amount, which they have not, then they need to get those same funds from somewhere else. Either from taxes or from other spending programs.
Every American taxpayer will be taxed more. I didn't and don't support bailing out banks, millionaires or billionaires. My main objection is that those who have student loan debt are still allowed to make $125,000 for a single person and $250,000 for a couple. Anyone who makesssssssssssssssssss that much of an annual salary SHOULD NOT qualify for forgiveness. I've never been wealthy or even really comfortable. I have always, always worked for a salary to provide support for myself and my immediate family. If a couple is making a quarter of a million dollars a year, they SHOULD be well able to pay their debts, debts they themselves incurred. I have a deep empathy for those who have been severely affected adversely by the pandemic. On the other hand, I do have disgust when I see those taxpayers who got treasury checks which were sent to every American taxpayer promptly go out and purchase large screen (50" or more) television sets. That's just ridiculous. I also know that those of us having common sense did not make purchases such as that. I sympathize with those who have large amounts of student loan debt. but they are the ones who chose to apply for and obtain those student loans. Nor did I have any control over the tuition costs set by the colleges and universities the student loan debtors chose to attend. Those who have student loan debt made that choice, and now the American taxpayer is being asked to pay for it through the federal income taxes we pay every year. Even $5 month in additional income taxes places an extreme burden on those of us whose income is very low. There's but one area of expenditure to cut and that's food. Yes, I do object to this program, primarily because I still have to eat to survive.
@@hamrad645 Exactly. And to add insult to injury, according to the Social Security Administration, men with bachelor's degrees make $900,000 more during their lifetime than those without, and women with a bachelor's degree make $630,000 more than women with a high school diploma. That number increases to $1.5 million (yes, $1.5 million) more for men with graduate degrees vs. men with high school diplomas. And this is who Biden wants the taxpayer to help out?
Interest payments on this UNFUNDED debt unilaterally approved by the Executive branch. $640 B in 2023 and $739 B in 2024...almost the size of the entire military budget being spent on, well... _NOTHING._
I can't stand meyor. Between her arguing for a side, her legal philosophy of "it's good for people so it's legal" is embarrassing. She did the same thing with the Vax mandate. They talk about the conservative justices being political. What do you call that?
@L M kind of. I'm sure you could do more to try to get like-minded people elected. I don't know your income, but chances are probably not contributing much, if any.
@@LRM5195 You can vote but that's about it. I don't either but it is currently legal for money to go to Ukraine if it has enough votes. Forgiving student debt did not have enough votes so they passed it through illegally.
Yep, what he did is illegal. Take the fair vs unfair argument out of it. While a good argument to have, this is not what is being challenged right now. He broke the law and SCOTUS is going to strike it down.
So, Mohilo is basically a corporation that allows the Missouri Government to not be sued, but Missouri gets all the profits. I wish everyone could do that. No liabilities, all the profits.
Did I hear that Gorsuch just ask a hard question of the opposition? Waive is just what it says. He’s waiving the interest fees.
Acts 4:34. For there was not ANYONE, among them who did lack, for as many as were possessors of fields, or houses, selling them were bringing the prices of the thing sold, and were laying them at the feet of the apostles, and distribution was being made to each according as ANYONE had need 👑👑👑💕💕💕🙂🙂🙂 NO ONE IN THIS CITY HAD A NEED FROM YOUR WEALTHIEST TO YOUR POOREST ALL NEEDS WERE MEET IN THIS CITY👑👑👑💕💕💕🙂🙂🙂
It's called a LLC
@@edswrld lol I was going to say the same thing
@@edswrld exactly! So Why isn’t Mohila present? The injury is to the LLC according to the suit (which is baseless anyway), why is the state of Missouri involved in a suit that is allegedly injuring the LLC Mohila? They are two separate entities legally so the state of Missouri has no standing in this case.
Can someone please tell me what is the name of the woman that is presenting these arguments? She is wonderful.
i think it's elizabeth prelogar
General Elizabeth Barchas Prelogar. She is a Harvard graduate.
@@AntiMasonic93 Solicitor General (of the US)...she's not commanding troops
One must ask… what about the billions given to Ukraine and we can’t even help our own people. We have a whole bio chemical disaster in Ohio yet we still giving money to Ukraine happily and can’t help our own people. Anyone wanting to block this 9/10 once had student loans and are butthurt. The ol “back in my day” tone. Times change, people change, and the value of the dollar also changes. Evolution happens
@jd Why should the federal government step in with billions to help Ukraine? When you give me a valid answer then we can speak until then right back at ya bud
@@Randrez geopolitical economic and strategic goals. There you go. NFS can pay for their disaster.
100% facts.
@@derekhauser6780 Only if the federal government forces them to step up. I think NFS should step up, but large companies like that only act if the federal government forces them to step up.
You misunderstand how thr military aid works. The equipment sent to Ukraine is already earmarked appropriations to the US military by Congress through the budget process. The money will be spent by the military regardless of if it's allocated to Ukraine or ammunition manufacuring or to build barracks. It's disingenuous to assert that this money could be spent elsewhere when it had already been scheduled to be spent that way from the beginning. The only way this money would go elsewhere would be if Congress allocated less money to discretionary military budget from the get go.
Forgiving banks and corporations is always fine but as soon as the middle class is bailed out then the Supreme Court has to get in the way.
Because Congress passed laws for those bailouts. This loan forgiveness program was made by the executive, which might be illegal. You want to forgive student debt? Use the Congress and pass it legally.
to highlight Garrett's point. Congress would never pass something like this to help middle class americans. However you'll get bipartisan support to bail out multi-billion dollar businesses that lobbied and didn't build a rainy day fund, all while getting tax-payer subsidies. Citizens United ruined it all
Those were done legally through Congress while the student loan forgiveness plan was not. Congress is responsible for voting on bills for spending our money, not the president.
@@shmobiden6860 Congress gave the SoE the ability to discharge these loans when they passed the HEROS act...
@@shmobiden6860 of course it was done legally by Congress, they forgave their own loans
The government needs to move forward with loan forgiveness. It's not like they were getting all of their money anyway. Ppl die before all their loans are paid off
From what I'm gathering, MOHELA isn't really actively involved with this suit nor are they as entangled with the state as much as the opposing parties make it out to be. (One of the main points of their lawsuit) They didn't even bother to represent themselves in court, as they are liable to represent themselves in this case. The state can't speak for them. These opposing parties have alot of explaining to do. It seems like these opposing parties scraped together anything just oppose Biden's plan.
@FxckRacism Mohela should be in favor, they get a $400 B check and don't have to deal with servicing many of the loans that would be made whole
@@Dyals_Stylethat is the correct answer and solidified (standing).
What happened to all those in congress that had their student loans forgiven?😳
Repeal the trillion dollar tax break for the billionaires, stop subsidizing Exxon, tax stock buybacks and excessive dividend payouts, though not illegal , immoral.
I know you're not very smart when you say "excessive dividend payouts". Who taught you to have the arrogance to determine what is "excessive"? They are owners and have a right to dividend payouts equal to the portion they own. Stock buybacks are immoral? Did you get a nice sociology degree from school and think the world should work as you demand?
@@kevinbaldwin7805 stock buybacks are one thing but billions being offshored to shelter from corporate tax is a notch below treason
@@kevinbaldwin7805 No I am unfortunately getting 35,000 a quarter for not doing a damn thing other than owning stock. Meanwhile I have a deadline to sell some stock back with the promise to buy back at a deflated lower price. What a country. And it is taxed at a lower rate than my salary.
Not going to happen. These huge corporations make "the world go round." By repealing such things will literally push the country into anarchy.
DOD gets 750 BILLION!!! and student debt can't be resolved?? How stupid are we?
The United States sends billions of dollars per year to countries that do not like Americans that much. How stupid is that?😝😝😝
Beyond belief
800 billon plus lol
Complaining about the unfairness of having a portion of federally funded student loan debt forgiven because its “unfair” is equivalent to complaining about paying for social security and Medicare. The social security fund reserves are projected to be exhausted by 2037. This means I have been paying into a pot that I will never see the benefit of without groaning about it.
I had over 100k in student loans I managed to pay them off. But this country has a serious problem with student loan debt. If this forgiveness helps people that aren’t as fortunate to pay down their students loans it shouldn’t be a problem. It shouldn’t be a basis of fairness life isn’t fair. It should be looking out for your fellow men and women. But what do I know✌🏽.
Sorry, but I disagree. The money owed in student loan debt is an obligation that was made by each person who has student loans, it's not something someone else should be responsible for. So, if the federal government bails out those who have student loan debt, it's federal government money which comes from money paid by American citizens in federal income taxes. Every American citizen who pays income taxes will be paying for that forgiven student loan debt if the Supreme Court doesn't sustain the appellate court. Anyone who pays federal income tax will be paying for every dollar forgiven by the federal government for student loan debt. The only way to avoid doing so is to stop paying income taxes, and I don't advise that at all.
The people who never went to college and have to pay the debt of these students ain't fortunate. They decided to go to college they should pay the debt
The only "serious problem" we have in this regard is people taking loans that they can not pay back. You agreed to it borrow this money with the understanding that you will pay it back. You put yourself in this position unnecessarily, it is your problem , not mine.
you borrow the money you pay it back !! eliminating means putting back on the tax payers
@@csyarid No one forced anyone to start a business either, but these very few individuals got twice the amount that is being requested for nearly 50 million students. When billions are given to the rich you don't bat an eye, yet when a measly $10k is offered to struggling students you stay hellbent on overriding the program.
How do tax dollars pay off everyone’s else’s student loans? Don’t our taxes just fund the government and they representatives decide what the money is used for?
You can’t just cherry pick what you want your own individual taxes to be used for- otherwise, people wouldn’t want to have their individual taxes used for corporate bail outs or funding the military that couldn’t account for nearly a trillion dollars.
You can (object) if YOUR representatives didn't ever have a say in how the money is spent. In this case, _if this huge expenditure (or one 4x as big) was NOT the intent of Congress in the HEROE'S Act,_ then taxpayers would have the same objection those fellows had at the Boston Tea Party. 🫖🍵
Dayum it's comming down to meaning of words , and intent of those who wrote the law .... I should of been a lawyer
I graduated in 1991 with $4000 in student loan debt for my BS in Computer Science. My wife worked; while, I attended college. I returned the favor and work while she went to college and she graduated in 1995 with a BA in Criminology to help her become a State and later a Federal Probation Officer. Her student loans were $25,000 for her degree just a few years later. That same degree now cost a minimal of $30,000 per year today. Why are we so upset with the students when it is the colleges/Universities jacking up the prices like a business driven on profits?
I was injured when the federal government bailed out the banks and corporations. I should have sued to end the forgiveness.
Same with the government forgiving PPE loans.
What specific injury ? Explain please . Yes there was a bailout . But The banks had to pay it back and they DID ! Do students that get 20k forgiven have to pay back the 20k .. logic my friend … logic !!! You could argue what Injury do any of us have if they forgive all those student loans .. to that I answer , not immediately, but the Biden administration hired 87k IRS agents to go after our money increased taxes ! .. so yes , those that paid off their loans , get nothing out of this … infact it does hurt us !
The liberal court back then wouldn't have sided with you.
@@bryanaams I’m using the logic of the court. What injury did anyone of Missouri experience to bring this suit?
That was authorised by congress
Everyone is so stingy with their money in these comments. I would help people pay off their debts with a few extra dollars taken out of my check each time. When did we stop helping each other?
They'll cheer happily when tax subsidy money is used for massive stock buybacks however....
People aren't taught to look at it that way. Charity has transformed into theft in the eyes of many, but only under specific circumstances based on the political narrative you conform to.
"I would help people pay off their debts with a few extra dollars" Talk is cheap. I'll send you my venmo. Go ahead and send me a few bucks.
People are free to give to any cause they want.....The House could pass a bill to make any sort of forgiveness legal....Biden can’t.......It’s just the US Constitution stupid......
Apparently no one teaches US Government any more or they are doing a poor job....Maybe these students should ask for their money back from these schools?
When we don't have it, when $5 a week makes a difference in whether or not I can eat. That's why I don't want to see my income taxes raised to pay someone else's debts. I didn't sign the promissory notes and I don't want to pay them -- I can't!
How is it not mentioned that in the fairness to the business owner that took on a loan to start a lawn care he has the option to discharge debt via bankruptcy and was provided PPP loans and loan forgiveness discharging the entire loan... vs the 10-20k in debt relief to students...
Let's not forget the 'Up to $10,000" SBA Grant all businesses received. As a self employed individual with no employees, I only received $1,000, but it was Direct Deposited into my bank in less than 48hrs. The grant was: Small businesses, including self-employed, get $1,000 per employee, including yourself, and capped at $10,000 maximum. So, even though student's get $10k.... that 'lawn care business owner' in that judges example.. actual did get a grant up to $10k. Wish the lawyer used that in her answer.
And, if it was more lucrative to the business owner to do so, the 'forgivable PPP Loan' was an option too. You can only chose the PPP or SBA Grant, not both.
Every American citizen received some Covid Relief money, money that was direct-deposited into the taxpayer's bank account. I never got involved in any SBA Grant (I was not in business), but every American Taxpayer did get money from the Covid Relief packages approved by Congress, the largest amounts being disbursed I think in 2021. But amounts to personal taxpayers (no businesses) were much less, I think 2021 was $2,000!
If the business owner took out a government loan, they would not be able to discharge that loan via bankruptcy.
You can thank Biden for that as well...not being able to file bankruptcy on the loans lol.
I cant see why this is an issue our tax paying dollars are used for so much other unnecessary things but once it comes to helping american citizens its an issue.
You don't seem to understand: If this student loan debt is forgiven, every American taxpayer will have their taxes (federal income taxes) increased substantially to pay for the forgiveness, so every other American taxpayer (other than those owing the student loans) will be paying for the student loan debt of those who are given forgiveness of a portion of their student loan debt. That's why! I have no income to pay more taxes to the federal government.
Neither of these plaintiffs have a valid standing. It’s all a fairness matter when nothing in this country is ever fair to EVERYONE. Where was this fairness complaint when it came to bank and corp bailouts, stimulus checks and PPP loan forgiveness?! Mohela needs to bring its own case and Nebraska speaking for them suffers no injuries from this statue so they have no standing either. Deny these already and forgive these loans. Help you citizens once ahead of corporate interest.
The valid standing is that POTUS does not have the authority to implement loan forgiveness.
@@csyarid Stop pretending like you know judicial law. I advise you to research what *standing* actually means in the courts, especially when it reaches the highest court in the US.
MOHELA. That is the correct spelling.
@@C_Richard Stop pretending that you are smarter than everyone else. I advice you to go f yourself.
@@csyarid he actually does and that’s why he made the call and secretary acted, but the burden of standing isn’t on him it’s on the people bringing the suit.
If student debt is not cancelled there should absolutely be no aid to Ukraine or corporate subsidies
facts 100%. our government gives Ukraine and Israel billions of dollars but can't help their own people in times of crisis.
One has nothing to do with the others. If you agreed to borrow money, you agreed to pay it back. Put on your big boy pants and take care of your responsibilities like an adult.
Gamer a genius ;)
Nor should those Turkeys get Forgiven at Thanksgiving!!
(Completely related, right? 🙄)
Sotomayor is the new RBG. Going to be interesting to see what Mark Levin says.
KJB will probably be worse.
That's insulting to RBG. Even she wouldn't of voted against repealing Roe. She atleast came up with legal arguments for her political stuff, mayor just blatantly says "I think it's good for people so let's do it"
800 Billion of PPP loans forgiven. No challenges.
What about the PPE loans that were not repaid? Let alone the amount of fraud that took place.
Marjorie Taylor Greene, Matt Gaetz, Ted Cruz and other millionaire extremist Republicans got TOTAL PPP loan forgiveness for millions and don't have to pay back anything. But they all want to block President Biden for helping the students with $10,000 student debt relief. The students and others who have student debt had to suffer through Republican Coronavirus too? Why are they being treated differently by the RIGGED extremist six Republican hacks on the Supreme kangaroo "court"?
The Heroes act was enacted by congress under George Bush back in 2002. It was extended for years and both political parties benefited from this. From a conservative standpoint, the government should not have their hands in banking for students.
The federal government made about 5 billion per month in interest over a decade. READ THAT AGAIN! That alone can pay off the debt without tax payers.
I want accountability for our money that we students put in.
is this audio supposed to exist? Arn't cameras and microphones prohibited in the supreme court?
It's clear that the plaintiffs lack standing. Both the Dept of Ed and even the justices were easily able to show the weaknesses and inconsistencies of Missouri's argument. How is it that these two student loan borrowers have money to to court repeatedly? Their court and student loan debts are already likely paid because this has nothing to do with their arguments for making the case and everything to do with a state attempting to block the program for their own supposed benefit, which they are unable to prove by the way. Hope the court makes the right decision here, but I'm never confident they will.
Rather than forgiving debt, they need to change the rules so that student loan debt can be treated like any other type of debt in bankruptcy court. Currently, a bankruptcy court has NO power to modify student loan debt if someone were to go through bankruptcy. Change this. Then if something catastrophic happens and some has to go through bankruptcy, the court would have the power, like ANY other debt to modify the principle, interest rates, repayment options etc. I myself would never want to use thst option, but life happens. If I suddenly became disabled due to an accident and needed the tools of a bankruptcy court to save my home, I should have that option. Currently my parental plus loans would be excluded from any such remedies and that simply is unfair when you have people like Trump us bankruptcy on a regular basis as part of doing business. We should have those same tools foor any and ALL types of dept.
Again, the legitimacy of this court is on the line. Will they respect their legal precedent on standing and laugh this out of court, as they should? Or will they simply continue running roughshod over prior precedent? Either we have a meaningful jurisprudence or simply political figures in fancy black robes intent on achieving their political aims. You can not have it both ways. It is crystal clear that these plaintiffs have no standing.
Not only is there no standing but these "justices" have no standing! Five of the six extremist Republican appointees are illegitimate. They were appointed by "presidents" who initially or TOTALLY lost the popular vote. They do not have the will, honor, standing, or backing from the American people. Alito and Thomas have leaked they will block President Biden's student debt relief. Also, people have said Alito, Thomas, Kavanaugh, Gorsuch, and Roberts had dinner with Marjorie Taylor Greene and assured her they would block the plan. This "court" is the worst in our country's history. Total extremist Republican political hacks, it's totally RIGGED! We have six politicians in robes, not fair and just judges.
Precedent should not be the ruling factor. The Constitution as originally intended by the Founders should be the ruling factor. THAT is what the USSC is there for, not to bow down to either precedent or international law.
@@patriotsongs Are you challenging Marbury v. Madison? How far back are you going? How do you propose to divine the intention of the framers of the Constitution? I think you refer to Article VI:
"This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding"
As you can see, international treaties are part of the supreme law of the land.
@Patriotgames Stare Decisis was part of our jurisprudence from before our founding and right up through the present. I think McColloch v. Maryland in like 1819 referenced it and the founders were well aware. It even shows up in the Federalist Papers. Without this doctrine we would have legal (and other) choas.
Just make it interest free!!!
The Administration shouldn't of make promises if you can't keep that promises.
Corruption is legal and the Supreme Court is okay with that.
How is the SCOTUS okay with that?
@@csyarid They are okay with it because they are corrupt themselves. The six extremist Republican appointees are despicable.
In the last 5 years alone, the 200 most politically active companies in the U.S. spent $5.8 billion influencing our government with lobbying and campaign contributions. Those same companies got $4.4 trillion in taxpayer support - earning a return of 750 times their investment.
Help your people!!!! Give us that relief!! Stop thinking about politics just help the people that lives in the US
The majority "conservative"😵💫 appointed court🤔
WTF does that have to do with anything?
@@mhollman8650 they won’t pass a democratic law that will make the democratic president look good. It’s a biased court
@@mhollman8650 If you pay attention... it has lots to do with everything.
Darn conservative justices following our nations laws. Shame on them! The legislative branch spends our money, not the executive branch.
They're following our laws.....
Twenty years of US Taxpayer's monies to Afghanistan totaled +$2 Trillion US Dollars - Assets and Blood.
Listening back. Rep. Supreme Court justices are looking for a loophole to tie mohilla and the state out of the “lack of precedent”. But if you apply the law as was stated in the opening arguement, then student loan forgiveness passes. Get ready for forgiveness folks
MOHELA, not "Mohilla."
@@AntiMasonic93 yes sir thank you for the correction.
Students pay taxes too 😮
Yes, they do. But billionaires and other extremist Republicans pay nothing or next to nothing! Ask Trump. And they get away with it.
so do homeowners. did you want to pay my mortgage since I pay taxes too? No? didn't think so
@@shmobiden6860 you’re okay with trillions that are going towards defense war and giving tax breaks to billionaires but not billions back to tax payers that borrowed FEDERAL loans?
@@shmobiden6860 we all subsidize that nice little mortgage interest deduction you get every year despite being renters
@@eos_2366 "you’re okay with trillions that are going towards defense war"
When did I say that?
"and giving tax breaks to billionaires but not billions back to tax payers that borrowed FEDERAL loans?"
Nothing wrong with tax breaks. You act like it's welfare and it's not.
Tax break-government taking less of the money you earned out of your wallet.
Welfare-taking money you earned out of your wallet and giving it to someone who didn't earn it.
Ali to and Thomas seethe with arrogance. Robert’s asks tough questions regardless of his cemented view to the Right.
They had lame comments and speculations not worthy of Supreme Court justices.
Lol no criticism of Sotomayor's legal argument of "it's really helpful to people so it's constitutional"? Thomas is by far the most thorough Justice. Over all this time, he's never said a sentence without backing it up specific legal explanation, many times at his own detriment. He's like a legal robot. You can not like Thomas because you're partisan, but the guy follows the constitution to a T. He's exactly who you'd want on your case if someone was doing something to you that's unconstitutional. If the political left was a fan of what happened to you, Sotomayor would throw you right under the bus.
@@michaelrandall7667 the fairness argument is no different than her argument, at least her’s was in context. The fairness argument wasn’t even brought up by the plaintiff.
@Alex Cipriani in what context? She does it constantly. She did it with the Vax mandate, with affirmative action, and now again. Just because something will help people or not doing it will hurt people, it does not make it constitutional. How is her judgment of the greater good relevant?
@@michaelrandall7667 judge Thomas is usually quiet because he undresses the women in the court with his eyes and mind. And he is married to a treasonous traitor. You are either with America or against it. Choose wisely
My goodness the number ads on this is out of control
You need to fix the cost of colleges before you start forgiving loans. Since the loans are backed by the government colleges are charging what ever amount they want. Fix this overcharging then maybe we can talk about loan forgiveness.
I’m confused you can write off car loans ,mortgages but not student loans …..? Is there a separate set of funds , rules , stipulations for student loans ?
The government wants their money back. That's why student loan debt is not dischargeable.
The Government funded Student Loan programs were worried about people taking out massive student loans and declaring bankruptcy after graduation to clear the debt. This all started back in the late 70s when the price of higher education became a profit center for colleges and Universities. Taking the bankruptcy credit hit is a lot shorter time period than paying back $100,000 to $250,000 student loans if this law wasn't in place.
Biden should of pushed congress to pass this through reconciliation while they had the house. Gotta think fast with these republicans today
It wasn't eligible for a reconciliation vote so democrats couldn't cheat it through.
@@rogerclark9285 reconciliation is considered cheating now huh? Well I guess republicans cheated that through the senate with the tax cuts for the rich of 2017 😂
Yea good luck with that. LMFAO!!!
God forbid they just work together in the senate with the Republicans like they are supposed to. You do know those Republicans represent half the country, right? What is more fascist, or maybe I should say Totalitarian, than your comment?
Biden aka Sleepy Joe was busy sleeping on his personal couch in the White House. Something like this slipped his mind. 😝
I wish they'd cancel the student load debt. I wish they'd started higher, like 50k. The fact that predatory lending for people who's brains haven't finished developing is OK because they'll earn more money later in life - is a farce. You're 17-19 year's old depending on when you began HS & you can't adequately conceptualize how these loans are going to impact your life.
* I have no student loans - so I have no *skin in the game*.
we have community college after 2 years transfer to state university to get your degree but for whatever reason we love those trending universities 52k to 60k per year
I actually did that and still have tens of thousands of loans
To clarify - SCRA is 6%. The government/tax payers do not pay the entire interest on military members' loans. Even when we serve [overseas/in combat] we are still expected to pay off/for our debts with interest.
Also to clarify - The GI bill does not imply free college. I still had to pay a portion of my for 4 years in school.
This is crazy! If this goes down, these student loan holders need to volunteer for our country for at least 3 years, in some way or another. If I'm expected to give more, without something in return, I'm claiming a hardship during the following tax year.
The government loans should interest-free with an incentive to pay it off on time.
Solution: Any student loan forgiveness will involve a military draft to fight in the Ukraine for 6 months. Fair is fair.
Translation: "I deserve all the stimulus checks I can get out of your taxes with no repercussions, but you student debt borrowers can go die if you take any out of mine."
So basically…. I had to pay for all my education. And now…. I’m supposed to pay for these peoples’ educations too. How does anyone seriously think this is a good idea? Have to pay for school. Teachers must be paid. A lot more than what they are currently too.(obviously only the ones who actually do their job well) having our government even discuss this is already a waste of my (our) tax dollars…. Needs to stop immediately. No arguments. Got student loans ? F@%king pay them…
As a taxpayer, I didn't ask for my taxes to go into the pockets of billionaire corporations, rich, famous people and executives, and politicians either, but look where we are now. And you're right, there should be no arguments, since both plaintiffs inherently lack standing and so the cases should be thrown out.
I actually recommend you to go listen to the entire OA and see how the Biden Admin's Solicitor General completely dismantles the GOP puppet who came very ill-prepared in comparison to herself who came in with real intelligence, poise, facts, history, and documentation.
They don't say who be paying it
Pay your debts. Stop buying avocado toast and Starbucks everyday. Stop buying the new iPhone every year. And then crying you can’t make your $250 loan payment
The rich and the poor. The plan has been in effect for sometime now. It's starting to really take shape. This country gives big billion dollar corporations tax breaks. But makes it harder for the middle class to send their children to college. Now you have fewer college graduates coming from this socioeconomic group. The ones that do graduate will be paying back a student loan well into their 60s. While the wealthy have already paid for their children's college education. So now the gap widens. So yes keep on voting for politicans who's only purpose is to make sure this goal gets accomplished. By the way, you can definitely say goodbye to the thought of any type of college education being free. Let's go USA!
Sorry, I don't buy your comment!
@@hamrad645 You don't have to agree with my comment. So I suggest that you look for yourself. The numbers don't lie, the wealth gap is widening.
I paid off my student loans and didn't expect anyone else to do it for me, not other taxpayers, definitely. If the student loan program is broken, then fix it, but don't make others pay for loans that students went into willingly.
thanks for paying off my student loans.
Nothing is broken but your reasoning, all the billions being sent to Ukraine and the bail out of these banks and corporations is fine tho.. it sad that we are helping others but won’t help your own God bless you
Right because my tax dollars can pay off PPP loans, bank bailout , auto bailouts and it’s okay but help out the average American people want to sue because they want to be petty.
Prelogar does an excellent job presenting the administration’s position.
Conversely, the conservative justices look ridiculous. What is this funny business about “is it fair,”completely dismissing the word waiver, or trying to apply some other abstract definition to the word waiver. None of this is conservative jurisprudence.
Loan forgiveness is a fundamental right.
Everything I want is a human right
@@lukeulshafer1848 love it including smart phones and iPads
Removing supreme court justices should be a fundamental right. These judges should not be on the bench for a lifetime.
Regarding congress: they failed to overturn Biden’s veto. So, wouldn’t that be their opinion on this? Surely that will be taken into consideration?
I was homeless for 2 years after graduating college and was still able to pay off my college loans within 7 years.
I…I think you were able to do that BECAUSE you were homeless?
Um, congrats?
And I'm alive while others aren't
Round of applause for you!! Congrats!
Makes sense since you didn’t have to pay rent 🤷🏾♀️
@@spreadgoodenergy6051 No, I still had to pay off my loans despite not having a job. I got no relief and not making any money, but I still paid it off.
Why should I help pay someone else's loan when I went to school I didn't even qualify for a loan.... Get a job! There's plenty out there according to Joe Biden.
You helped pay big corporations when they were purported to be too big to fail
Why not have brought that same energy with that
I didn't want to pay for that either.
Who is talking?
I agree with Justices K, S, and J
We send trillions to war and defense, but not a dime back to our tax payers. Let that sink in justices.
You mean like; fire, police and military? Don't be such a dupe!
@@aaronthenorm5400 yeah government give them pensions and good benefits, pay and I’m not complaining. So what’s your point?
Yeah billions to Ukraine and we over here fighting to just drop student loans
@@Randrez right so when we help our own people it’s an issue. Bunch of hypocrite conservative out there chanting America first but they get to say what their definition of helping America is.
The Congress could have passed a bill to authorize student loan debt forgiveness before the 2022 elections when the Democrats had the majority to do that......
Why didn’t they do that when they had the power to do that ???
Bunch of political hypocrites, that’s why.....
Well, here we are. If you are not wealthy enough to pay your children to go to college or employ them do not have children. If you have children now there are only three options. Military, Law and Healthcare (umbrella)
Let me tell SCOTUS my story. We should all send them our stories so we can get student loans forgiven. They won’t be able to read them but force them to do something about this issue.
Ok. Then there is real life., where everyone has their own story. Your problems or my problems aren’t the responsibility of anyone else to care about. We get ourselves into problems which are our own story so we need to be responsible about ourselves. Our school loans are just that. Our school loans. Just handle your story.
Tell your story to the vets. You know the ones that volunteered to serve, so they may get financial help with school. Maybe you should consider joining. If you didn't get the memo, the government will help you with school if you ACTUALLY serve our country.
The supreme court justices' job is determine whether or not there was a constitutional violation. They don't take comments or letters from the public for consideration.
Justice Thomas is fantastic!!
Gorsuch - _Planning Ahead_ with his question to Solicitor General Prelogar on courts NOT being authorized to provide universal relief / a nation-wide injunction on the basis of, say, the lawsuit of just two students.
So in summary, pass the bill forgive the loans 👍
That is what I heard. Congress needs to fix the perceived ambiguity…not the courts.
This is a vote grab how about living up to the terms and conditions of the contract you signed like I have been doing since I became an adult in 1980 the country is turning into one big kindergarten many in the country yearn for a European type socialism.
Ok boomer, seems like your age has caught up to you, so allow me to remind you that we are in the middle of a once-in-a-century global pandemic, a cold war against China/Russia/NK/Iran, exponentially increasing tuition costs well over 10 times more than what you paid for in 1980, increasing inflation, interest rates, house and auto costs. THings are wildy different today and more expensive than they were 45 years ago, the prospect of buying a house and starting a family as a new graduate in this new day and age is more likely implausible than not for most people.
@@C_Richardevery single point you TRY to make is a direct result of big government intervention in global affairs 😂
And you want big government to reach out and offer you more “help” that will saddle everyone with crippling debt, a widening wealth gap and a poorer America.
@@floivanus Doesn't matter because the effects are loud and clear to citizens and taxpayers like my myself.
This will do the exact opposite of the last points you mentioned actually, by narrowing the wealth gap and creating a richer America and working class by boosting the economy with higher spending, higher credit scores, house purchases, auto purchases, the list goes on.
But no don't let those inconvenient facts get in your way.. Lol 🤣
@@C_Richard wrong, the trend of government backed loans and rising prices of college tuition are directly linked. Same thing with the pricing of housing and FHA loans.
@@floivanus Who is disputing that? Of course they're linked. Most students I knew, and I'm sure it's true in general, had to take out loans to account for the increasing costs of university fees and tuition. This is the working class, and since they pull out more loans = more debt = more wealth gap in contrast to the upper classes. Your reasoning holds no merit, just as the two plaintiffs who inherently lack standing arguing for illegalities 🤦♂
This is our 3rd class right , civil rights, American civil rights with my air force uniform and the American flag, minus touch bless the mi military rubber tires,
Forget about student loans. The g. i. bill took care of mine. Bring back "credit card" bankruptcys. Damn, it's been 20 years since my last.
@@hammerandthewrench7924 To many bong hits? It's intricate and expressive my dear art school graduate. And I ain't yo "BRO".
If your education was paid for, you should be held responsible for putting yourself in credit card debt 🤣
@@202Redwings "Nat, Bro, whippersnapper, 20 years ago you could discharge your credit card debt with a form you could fill out at the federal courthouse, but no mo. 20 years ago I dumped $32,000 plus, and ah 8 and a half years earlier it was $47,500 plus. Yep, that was the time I bought a used lincoln on a A. E. card. Now it's cash. Like yesterday at Chucky Cheese Pizza, $240, but the grand kids had a blast. It tastes better today. "Reheated".
Lincoln was a pretty solid president imo
@@202Redwings I take that back, It was a used Caddy.
1:39:53 “Expuhdentially greater” -Joe Biden
Ok, forgive all the student loan debts. Every pennies of it. On top of that, refund all the student loans that have already been paid off for the last 50 years! Fair is fair!
Have you not been listening? It’s not about eliminating the debt. It’s about eliminating the interest incurred during pandemic relief efforts.
@@drrichardpaul Accrued interest that is not paid is debt.
@@drrichardpaul It's about forcing American taxpayers to increase the federal income tax they have to pay to pay the federal government for the student loan debt forgiveness this administration wants to make.
Heros act give me break
I spent all my life paying my bills in my taxes And it's not fair for these people to get off paying their loans just because Is there being irresponsible . Everybody has hard times in life but then you have to buck up And be responsible . Too many people anymore don't want to work and they want a free handout As far as I'm concerned that's BS . I work hard my tax money being paid to somebody that doesn't want to be responsible . It's already hard enough as it is Trying to get by and here we are sending our tax dollars to Ukraine and not sending it to Ohio where it should be spent . Whoever told these politicians that they had the right to spend our tax dollars anyway they want I sure in the h*** didn't ! Pretty sure nobody will see this post well See!
Brother, everyone pays taxes. It's not just people getting your taxes. You get other peoples taxes as well.
I know people who were paying their loans, doing everything right, and lost their job and wages because of Republican Coronavirus. We had 24 MILLION people out of work in May 2020. Were they not being responsible because we were hit with a once in a lifetime pandemic? We had a CHOKING "president" in 2020 named Trump who fell apart and told the country to inject bleach in the arm, with 24 million unemployed to boot. Is that the students fault?
I got a good idea. How about these young chaps pay back the loans they agreed to take out?
personal responsibility and accountability? what's that?
You mean like the banks and corporations? The ones that get massive tax breaks, or were bailed out, gotcha.
How about we don’t pay for your social security?
@@jumbomuffin1316 If you had a job you'd realize that they take social security out of every paycheck....
@@jumbomuffin1316 Yeah, I paid for mine for the 45-55 years I worked. I've paid my dues.
Nice try Democrats waste of courts time what's makes students heros
The supreme court is open? It was closed in 2014. That's so '90s. Show us what u got.
Where's Pt. II?
What's funny to me is that people think if the SCOTUS let's this go through that suddenly taxpayers will have to foot the bill. Taxpayers have been paying the DOE to fund student loans and pell grants for decades, and the interest the DOE gets from those that are paying on their loans further supports its funding in students education and the servicers that handle student loans.
TLDR: The DOE profits from student loans.
the taxpayers don’t have to foot the bill; what bill there’s no bill. It’s a cancellation of part of potential future revenue. Perhaps you haven’t listen to the whole hearing but justices and plaintiffs both admitted it has to be a clear specific claim of injury not speculations
400 billion dollars of funding is lost. Nothing else will change, but that. Future funding is not being affected, and no other program is going without to make up for it. It will infact cost the people 400 billion. You're fundamentally misunderstanding how this works.
@@michaelrandall7667 that’s an argument that no one dare to make because it’s pure speculation
@Alex Cipriani maybe not in the court of law due to higher standards to win but in the literally sense.... Justice Robert's just made it in the beginning of these hearings. When you cancel future revenue with no plan to cancel any future spending, ... it's not rocket science.
@@alexcipriani6003 Oh, yes, the taxpayers will have to foot the bill. Biden's been looking for a good excuse to raise income taxes for a long time. In fact, he has done just that, through actions of un-elected bureaucrats writing rules. My son made less money in '22 than he made in '21, but he paid $300.00 more in taxes. If you think your taxes (federal income tax) won't increase, you're living in La-La Land! The low-middle income people are the ones who are hurt the worst by the inflation (this bailout will go a long way to further increase inflation), And don't kid yourself, everything is going to continue to go up in cost. The cost of groceries has doubled or tripled in the past two years; for instance, butter has almost doubled in cost, cheese has doubled also, and gasoline prices have substantially increased. These students voluntarily entered into these loan agreements, at the interest rates prevailing. I have never gotten debt forgiveness from any company or any person. I'm concerned that today's young people are completely abandoning their responsibilities to pay their bills. It is hurting every American taxpayer. Young people have to learn that life is a struggle, and getting a free ride on a student loan is NOT going to give them a free ride on any other debt. This bailout is just wrong!
Keep handing out money, it's not going to hurt American at all
*I am baffled how the cancellation of student debt can be ANYTHING BUT A BETTER POSITION FOR EVERYBODY AFFECTED* (compared to their pre-Pandemic state, strictly related to those loans), rather than the supposed amelioration of damages or SAME position, *as seemingly required by the HEROE'S ACT.*
_All loan payments were suspended for the Pandemic and interest did not build up...then SecEd cancels some or all that you owe!_
Sounds like it’s not going to fly.
I guess we all hear what we want to hear because the argument against the student loan forgiveness does not sound valid. Mohela already has said they are not against Bidens student loan forgiveness plan. While the heroes act does give Biden, or whichever president, the ability to do such a thing. 🤷♂️
And of course like always the poor poor working-class American taxpayers will pay and pay and pay of course always the same thing the poor hard-working American taxpayers the working-class taxpayers the poor working-class taxpayers will pay and pay and pay and pay and pay and pay and pay and pay
Ehh, that's not exactly true. I'm against the loans, but let's be real. The poor working class doesn't pay federal taxes. They get tax returns every year... aleast the vast majority.
@@michaelrandall7667 if one poor hard-working class does not get all their federal taxes back they get so small a very small small portion of it and why is it their job their job to pay and pay and pay and pay for those who do not work
@Tibore Goldberger that's not true though. Most people that make less than 80 grand or so get all of their federal income tax back every year. That is your contributions to the pot. The rest is state, Medicare, social security. The fact is poor people don't pay taxes. They don't "pay and pay and pay" at all
@@michaelrandall7667 I guess you're happy that they live in poverty it's so wonderful that the poor working classes can live in the poverty that you enjoyed giving them it must be wonderful America to be a working-class person living in poverty and paying and paying and paying and paying and paying
@Tibore Goldberger how is pointing out the objective reality that poor people don't pay federal income taxes translate to me being happy people are poor? I don't pay federal taxes either. What you are saying is insanity. Why not just be an adult about it?
Who didn't go to college
Because who didn't have the money ?
Me. I did take academic classes while I worked full time, and maintained a 4.0 GPA,. but taking 6 hours of academic classes and working full time is very hard to say the least. I paid for my own tuition and books and paid my bills as well. It's hard, but it can be done.
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A hunger to experience every exotic wish
Overpowering the glory of love.
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Just forgive those on SSDI
Keep giving the money to Ukraine 😂😂😂 they feel better vs American people
Smart enough to attend university smart enough to pay back your loans
Smart enough to lose a job in the pandemic. Smart enough to pull yourself up by the bootstraps and make little to no income while inflation keeps rising and things close down…
@@LRM5195 keep voting repuslican to stay a broke peasant
Has to be passed by Congress. No end around on this one. Sorry diapers
I hope they cancel all student loan debt.
and then who will pay it?!
@@separatedbrothers the same people that are paying back all the business relief from Covid even when businesses were taking relief and didn’t need it. Why were there no arguments there?
@@separatedbrothersyou
@@separatedbrothers Trump, and the likes of, will make up for it in what they don’t pay in taxes.
time to pay your own bills, man up.
If they can cancel student loans, then I want my credit card debt canceled. What about the people who had to live off their credit cards during the pandemic. You made the debt pay it back.
5yrs na Nilang kina lakal ang buhay KO ksawat ang MGA kasabwat na active pa Sa serbisyo Dito s pinas.ang taong wlang kalaban2x at wlang oi ag Aralan grade 4 LNG po ang narrating ko
I want a refund! I paid off my full student loans, can I get 20g back?
Can I get the money back to pay for Marjorie Taylor Greene and other extremist millionaire Republicans who had there PPP loans totally forgiven? Turnabout fair play?
If you paid in full during the COVID time, then yes you can call your loan provider and ask for a refund if the loan forgiveness is approved
@@tony84. Were PPP loans approved by congress? Did the government force businesses to close for covid costing businesses money? Did government force students to take out a personal student loan?
@@hammerandthewrench7924 So we should bail out the morons who went to expensive schools and, likely, got garbage degrees rather than performing a financial analysis of which school has the best return.
What you’re basically saying is that you have no real consequences. This isn’t about canceling debt. This is about not paying interest on the debt. There’s a huge difference.
How about paying the person who couldn't afford a loan or go to college at all? How about the people that worked and paid their way through college. This whole thing is BS!
Bro, these are government funded loans. You can't not afford them. As a matter of fact, the lower your income the more you get.
What about people who were paying their loans, doing everything right, following the law, and lost their jobs because of Republican Coronavirus? If you lost wages for 3-6 months President Biden is trying to give a little breathing room to millions. This is not total forgiveness. Marjorie Taylor Greene, Matt Gaetz, Ted Cruz, all extremist Republican millionaires got TOTAL PPP loan relief for MILLIONS, is that fair? But you don't want to help the students?
I'M NOT INDIAN I'M BLACK
forgive there loans , then lets start forgiven my loans before I cant pay there loans and mine loans. My loans I made knowing I can pay them if you add there loans to my loans then what do I do go bankrupt when I cant pay any more loan dept . does anyone think this is a good idea. Does anyone know of an attorney in the country that is going to start a class action lawsuit if we are forced to take on any dept that we had not signed in to a contract .
Its only fair if you forgive there dept then you need to for get the dept of every American in this country that the pandemic place a hardship on like me .
Did you know also know that your taxes and mine also went into the pockets of few millionaire and billionaire individuals, corporations, and politicians? And are you forgetting about the various stimulus checks that already went to most Americans? What about the student loan borrowers who spent years in hopes of a better and brighter future for themselves and the country, don't you think they deserve some help? $10k is not even a life-changing amount, it's a leg up to get them back to pre-pandemic levels, not some sort of advantage that business owners were so lucky to have.
how to avoid paying student loans:
step 1 become self-employed or game welfare systems
step 2 only deal in cash
Congrats. You are now immune from wage garnishment and bank seizure
What does this do to your credit? How credible do you become as a borrower for a mortgage/home-loan or auto loan?
Let the federal government sue you to get a judgment for the amount of the student loan debt you have, then execute seizure of everything you have to sell to pay your student loan debt. That's just a fact of life. Sooner or later, you run out of ground on which to escape. If you have student loan debt, I think you'll eventually end up having to pay it since student loan debt is not a debt which can be discharged in bankruptcy. If you become self-employed, do you honestly think the federal government can be prevented from seizing the very tools you work with? The answer to that is NO. I worked as legal support staff for about 45 years, so unless the law changes drastically, I think you'll end up paying the student loan debt, either voluntarily or involuntarily. I don't give legal advice. Oh, and by the way, if the federal government executes on a final judgment, do you honestly think cash would be exempt from seizure? Don't think so! Get legal advice!
Dating president Rodrigo Duterte
How are people paying other peoples forgiven loans exactly? If someone explains that that would be cool. Would you get taxed more?
Since money doesn't grow on trees, the money has to come from somewhere. The payments on the loans, if not forgiven, would go to the government. Unless they cut the budget by the same amount, which they have not, then they need to get those same funds from somewhere else. Either from taxes or from other spending programs.
Every American taxpayer will be taxed more. I didn't and don't support bailing out banks, millionaires or billionaires. My main objection is that those who have student loan debt are still allowed to make $125,000 for a single person and $250,000 for a couple. Anyone who makesssssssssssssssssss that much of an annual salary SHOULD NOT qualify for forgiveness. I've never been wealthy or even really comfortable. I have always, always worked for a salary to provide support for myself and my immediate family. If a couple is making a quarter of a million dollars a year, they SHOULD be well able to pay their debts, debts they themselves incurred. I have a deep empathy for those who have been severely affected adversely by the pandemic. On the other hand, I do have disgust when I see those taxpayers who got treasury checks which were sent to every American taxpayer promptly go out and purchase large screen (50" or more) television sets. That's just ridiculous. I also know that those of us having common sense did not make purchases such as that. I sympathize with those who have large amounts of student loan debt. but they are the ones who chose to apply for and obtain those student loans. Nor did I have any control over the tuition costs set by the colleges and universities the student loan debtors chose to attend. Those who have student loan debt made that choice, and now the American taxpayer is being asked to pay for it through the federal income taxes we pay every year. Even $5 month in additional income taxes places an extreme burden on those of us whose income is very low. There's but one area of expenditure to cut and that's food. Yes, I do object to this program, primarily because I still have to eat to survive.
@@hamrad645 Exactly. And to add insult to injury, according to the Social Security Administration, men with bachelor's degrees make $900,000 more during their lifetime than those without, and women with a bachelor's degree make $630,000 more than women with a high school diploma. That number increases to $1.5 million (yes, $1.5 million) more for men with graduate degrees vs. men with high school diplomas. And this is who Biden wants the taxpayer to help out?
Interest payments on this UNFUNDED debt unilaterally approved by the Executive branch. $640 B in 2023 and $739 B in 2024...almost the size of the entire military budget being spent on, well... _NOTHING._
I can't stand meyor. Between her arguing for a side, her legal philosophy of "it's good for people so it's legal" is embarrassing. She did the same thing with the Vax mandate. They talk about the conservative justices being political. What do you call that?
I don’t want to help Ukraine. I don’t want any of my tax money going to outside countries but I don’t have much say in that do I?
@L M kind of. I'm sure you could do more to try to get like-minded people elected. I don't know your income, but chances are probably not contributing much, if any.
@@LRM5195 You can vote but that's about it. I don't either but it is currently legal for money to go to Ukraine if it has enough votes. Forgiving student debt did not have enough votes so they passed it through illegally.
I paid my loans. I will NEVER pay someone else’s. Nobody forced someone to take a school loan FFS.
wahh
Well I see you’d rather your money help and be laundered over in Ukraine than help your own fellow Americans haha. This guy…
@@Randrez that M Hollman guy has shown nothing but disdain to fellow americans all over this comment section
@@Randrez pay your loans!!!! Lot of deadbeats out there
@@vespuccini wahh is what the student loan borrowers are doing. Wahh I'm an adult and other adults should pay my bills for me. wahh
Bottom line the POTUS is trying to create a new program under an act that was never intended by Congress.
Yep, what he did is illegal. Take the fair vs unfair argument out of it. While a good argument to have, this is not what is being challenged right now. He broke the law and SCOTUS is going to strike it down.
I HAVE NO IDEA WHY WOMEN DON'T LIKE ME