311
The Supreme Court strikes down Biden's student-loan forgiveness plan, blocking debt relief for millions of borrowers
(www.businessinsider.com)
this post was submitted on 30 Jun 2023
311 points (100.0% liked)
News
224 readers
1 users here now
Breaking news and current events worldwide.
founded 1 year ago
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
And why the hell would we just lay down and accept the fact that our grandparents didn't have student debt because tuition could be paid with a part time job?
Why should we accept that sometimes three incomes isn't enough to support a family when one "unskilled" laborer used to be able to comfortably support a family of five.
Why should we accept the fact that full time at minimum wage can't afford to rent an apartment anywhere in the United States?
Why should we accept that people would rather kill themselves than saddling their family with medical debt.
Why should we accept that people are forced to dangerously ration a drug that costs $10 to produce but costs hundreds of dollars at the pharmacy, with insurance?
Why the fuck would another country having things worse mean we should stop fighting for better?
Forgiving student loans would make all of that worse except for a lucky few.
can you elaborate on how the points @LegendofDragoon mentioned would get worse if student loans were fogiven?
If a thing costs $10, and the government offers to pay $5 of it without any further action, the price of the thing rises to $15. Government money without restrictions is a big part of why tuition costs so much.
Tax money that goes to loan forgiveness for upple middle income people is tax money that can't be spent on decreasing the wealth gap, and in fact will help solidify the wealth gap for anyone not fortunate enough to have a college degree (ie the vast majority of poor people).
Debt forgiveness increases the cost of things. What we need is to attack the roots of the problem - the cost. Don't give people government money to repay private businesses for their ridiculous costs. Use government money to bring the cost down.
California is developing its own generic insulin that it will sell at cost. This will force companies to lower their prices. THAT is how to attack the problem.