Summary
President Biden announced student loan forgiveness for 150,000 additional borrowers, raising the total to over 5 million under his administration.
The latest beneficiaries include borrowers defrauded by schools, individuals with disabilities, and public service workers.
Biden emphasized his focus on expanding pre-existing forgiveness programs after his broad plan was struck down by the Supreme Court in 2023.
Conservatives and Trump argue the efforts overstep executive authority and unfairly shift costs.
Biden called the initiative a fulfillment of his promise to reduce financial barriers to education.
He should force price ceiling. Otherwise tiss a useless charity
It’s insane how conditioned people are on price fixing.
The US has used it many times to make necessary adjustments to society throughout our country’s history.
Rent caps were one of the most influential and positive policies of the New Deal.
It’s not an inherently bad policy.
If there is something inherently unethical like overcharging for a need (yes in our modern world being educated is a need to actually participate in society), then it is acceptable for the government to step in and draw the line.
Student debt should be totally canceled, college should be free, and the government should take a fraction of what was being extorted out of students by predatory loan companies and pay it directly to the schools. Let the unethical loan sharks fucking eat the loss for trying to run a racket. They shouldn’t have more power than the god damn government.
Same with housing, it’s a public secret that massive housing corps colluse using price fixing algorithms, it’s correct in this situation for the government to step in and force rent caps. Let the unethical slumlords eat the loss. They shouldn’t have more power than the god damn government.