The sentence piddles out tautologically:
... revive his goal of providing large-scale relief for Americans struggling to pay off their college loans, a person familiar with the plan said Friday.
Biden is reducing or eliminating debt in order to reduce or eliminate debt. Noted, and thanks for mentioning that this is happening in an election year.
But the word "attempt" doesn't fit. If what he's attempting to do is to reduce or eliminate debt, then how is the reduction or elimination of debt just an attempt to reduce or eliminate debt? A reduction or elimination of debt is a reduction or elimination of debt. We have the modifier "election-year": It's an "election-year attempt." That's such an awkward way to avoid having to say that what's being attempted — with our money — is to win the election.
Posts
62 comments:
the payment checks double as absentee ballots; don't they?
Signing the back, is a vote for Biden; isn't it?
Billions to Ukraine. Trillions in waste. Trillions in debt - for nothing.
Paying off student debt is hugely unfair to all who have paid it off.
Biden is an asshole.
Transferring money from poor working class people to rich not working/Karen people.
Note that most of the jobs you get with a college degree do not benefit society anymore. Outside of STEM and nursing there isn't much.
We created Government Jobs, DEI Jobs, and Human Resources to provide wealth and status for all of those sociology and psychology majors(mostly women).
If we got rid of these and most corporate board rooms like X/SpaceX and all federal aid to universities the average person would be shocked how much more wealth there would be in 5 years.
My 1st cousin (once removed), owns a Mobile Welding company. He has invested Hundreds of Thousands into the company.. And employs about 10 people..
WHERE IS HIS DEBT RELIEF?
This people with student loan debt.. What have THEY contributed to our world?
I mean, other than providing jobs for college admins?
*i* worked full time, while going to school part time; i have a BS in ComSci, and worked as a Data Base Admin..
WHERE IS MY DEBT RELIEF?
Just kidding! both i and my cousin vote republican.. NO Debt Relief for deplorables
fact check: Both i and my cousin are debt free.. We PAY our bills.
Still!
WHERE IS OUR FREE MONEY?
The attempt to be honest is tying them in knots. Kudos for not outright lying like they usually do, but brickbats for being so out of practice that they were unable to do it smoothly.
Student loan debt helped me decide to join the Army.Then the Army did not pay it off.Gee and all I would have had to do was vote for the dumbest denizen of Delaware.
That's such an awkward way to avoid having to say that what's being attempted — with our money — is to win the election.
Don't tell anybody I said this, I'll deny it if you do; Most of Biden's children are orphans.
The only difference between this and the Cloward-Pivenism of the last few decades is the brazenness of the theft. Next, they'll arrange for AI powered vote buying bots outside polling places.
Governing as if you're going to lose!
Embrace the decline.
1) Who gives a flying f**k what the Supreme Court says?
2) I thought the power of the purse rested with the House?
3) These people will be quite pi**ed off when a Republican tries something similar.
Tautologies are usually not tautologies - the first is taken broadly and the second narrowly, or sometimes vice versa. Identity the broad version as deserving the same horror or respect as the second version. E.g. rape is rape. The second is taken narrowly, the first might be anything.
"what's being attempted — with our money — is to win the election"
Right. Didn't SCOTUS tell him not to?
Biden appears weak and desperate with this latest attempt to spend our money illegally. NYT signals this weakness with reminder that the SC already nixed this type of action by a president. NYT doesn’t want anyone to get their hopes up.
They've got nothing.
At this point in Trump's Administration, he had walked into North Korea and was trying to buy Greenland.
Someday, and that day may not be far off, this 110 year old debt ponzi is finally going to come crashing down. No attempt to reinflate the bubble will be successful. They will print in a month the entire global GDP in dollars and it will still be insufficient. And it will be because of shit like this - not this particular autocratic policy - but it and the millions that came before it that will be the cause. Every ancient vice of democracy and republicanism that was warned of time again about the people voting themselves the wealth of the treasury is yet again unheeded.
And just as before, one day when they look at the worthless paper in their hand and the valueless digital numbers on a screen, they will ask how it came to this. And same as before, the simple answer will be "because you didn't want to pay your bills."
Biden is buying votes - and saddling tax payers with his illegal actions.
Biden is an asshole.
Well he won’t fix the border, cause he doesn’t want to. But he claims he “can’t” and “doesn’t have the power” and “needs congress to act”.
But when it comes to student loan debt, which he wants to forgive, but can’t, even in the face of an official smack down by SCOTUS confirming he “can’t” he’s gonna plow full speed ahead anyway.
Classic Joe, ever full of shit….
I thought the communist was blocked on this but is doing it anyway, not attempting.
Somebody is not abiding by court rulings and is a THREAT TO OUR DEMOCRACY®!
Biden opened the southern border without our permission.
His chi com press lie.
Biden can do whatever he wants. He's the Husk-Puppet mob boss. The two men caught butt fuKKKing in congress? Those are the fraud-types in charge.
All this is doing is pissing off law abiding, loan paying, hardworking Americans who can see that Biden is buying votes from the ignorant youth, who think the Government will always take care of them. Little do they know, they have to get a job to pay off the perks and cushy lives of the illegals that are invading and will be taking over this country soon enough. Enjoy the downfall little college kids. YOU will be paying off all the debt you are cheering on today...and you will deserve not owning a thing.
Biden buys votes of debt laden drones and sticks working folks with the bill.
Biden will TRY to reduce Student loans just like he'll TRY to stop Israel from committing war crimes and TRY to secure the border.
LOL.
Biden to appear in Madison!
Ann and Meade should attend!
The RNC campaign ad writes itself, or ought to:
NARRATOR: Why do Biden and the Democrats want to hand out trillions in taxpayer money to college graduates?
[Shot of obnoxious-looking yuppies high-fiving each other around a table in a trendy restaurant]
NARRATOR: Because those are the people they care about.
[Shot of weary, annoyed-looking woman punching a time clock]
NARRATOR: You, maybe not so much.
But the word "attempt" doesn't fit. If what he's attempting to do is to reduce or eliminate debt, then how is the reduction or elimination of debt just an attempt to reduce or eliminate debt?
Actually, yes the word “attempt” fits perfectly well. May this humble Republican “attempt” to explain? From the standpoint of buying votes, between the courts and a (thinly) Republican Congress Biden does not expect to be successful, however he does not particularly care whether he is successful or not. If he is seen by the sort of dingbat Gen-Z who has accumulated large debts for a junk degree as a pseudo-savior because he tried but was thwarted by those evil Republicans, that’s all to the good from a political perspective.
Really, Althouse, you shouldn’t be trying to follow any politics, but especially not Democrat politics, unless and until you get a lot more cynical.
Vote buying, straight up. And using taxpayer money without congressional approval to do it.
This would have been a scandal just 10 years ago. But our unprincipled, super-partisan MSM no longer cares because it helps Biden's chances against Trump.
2) I thought the power of the purse rested with the House?
The problem is that Congress has created gray areas by giving the executive branch broad authority to forgive some loans and to write the regulations governing others.
It is a tax on the rest of America to pay for this shortcoming that Biden is creating by offering money for votes.
There's nothing our government cannot do with your money.
Student debt - like nearly all other debts - should be dischargable in bankruptcy. When it was before the Senate, Joe Biden blocked it on behalf of lenders. And as a reward, St. Beau got a job with a bank.
Biden is doing his usual horseshit maneuver of attempting to buy votes through his use of taxpayer money to relieve college student loan debt, which will again be struck down by the courts, which will result in the Democrats pulling the “see, we want to help people but those mean old Republicans and the nasty SCOTUS won’t let us!” card.
Some of our young people are still dumb enough to buy that.
Once forgiven, why even vote for Biden?
Biden wants a court challenge that effectively makes it ostensibly contingent on his re-election.
What Biden should have said was that he intends to do this in his second term. If he does this now, the people will already have gotten their payola by the time the election rolls around. So he might not get a bump in actual votes because of this.
If my moderately conservative stepson (age 25) provides some indication as to the leanings of his cohorts, then Biden's "plan" works for them. Actually it is more the implied promise than the plan.
He believes that his debt will be alleviated by the government and has not been paying off his loans. His mother gave him a stern talking to, but we have no indication that he has resumed payments.
My stepson gets his information and advice from websites that are popular among his age group.
Biden might get more traction if he substantially increased a Social Security payment this year instead of trying to buy votes from "students" who are unreliable voters. I'm not advocating that, just saying.
It's an election year, they all promise the best or(as in Trump's case) the worst ever.
Get used to it. It's all part of their game, ALL of them.
Vicki from Pasadena
1. Where is the money coming from, from what line of the US budget?
2. Where are the approvals from the House of Representatives, who control the purse strings and administer the national budget?
3. If the House has not explicitly approved funds from the US budget for this purpose, who has approved the funding for the President to initiate this orgy of discretionary spending? How did Joe Biden get his hooks into these funds, from where?
The most apt depiction of this process that I have seen is a political cartoon, can't remember which artist. It depicts a miserable-looking Student Debt holder with a noose around his neck, and the rope is labeled 'Student Debt'. Biden snatches the noose off the debt holder, pivots quickly to the right, and places it around the neck of a chubby gent with 'Taxpayer' written on his shirt. The Taxpayer looks like a fat chump, because he is one.
If the cartoon were striving for accuracy, Biden would put it around the next of the Taxpayer's infant grandchild.
But having said that, I hope that Biden keeps giving his brand of governance to the country, good and hard for the next 6 months. I hear there are tax increases coming, too. Good and hard.
Dave-
A lot of loans are federally backed. Discharging them in bankruptcy court still increase the Federal debt. If the debt were to be discharged, these people should have their credit heavily dinged. But of course they won’t.
ONLY Use leftwing billionaire, Soros, and Harvard deep pockets to pay for it.
The idea is left-wing - SO the money to pay for it should only be leftwing sources.
Regular normal Americans - were not asked to pay, and should not be on the hook to pay.
Just more illeagel antics from the illeagel President.
Joe "Bribe me!" Biden could ask Congress to modify the bankruptcy law to discharge student debt, thereby doing via law. But, Biden hates the law. Make the schools pay off the loans discharged in bankruptcy
This would anger the schools and he doesn't want to do that.
They’re upset he can’t just make a declaration, like a king.
..or so it’s supposed to go…
Everything Biden does seems to drive more voters to Trump. Maybe he should return to his hide in the basement strategy.
Government should have never been in the student loan business in the first place. Doing so reduces the incentives for colleges to reduce costs. Retiring student debt incentivizes more student debt and disincentivizes reducing costs…
Free Shit...how novel.
Maynard,
Has the talking into mentioned all the people who made their way without college having to pay for it? All the people prior who went and paid their own way?
Maybe less "moderately conservative" than that term suggests.
There is a reason the loans are not dischargeable. When they were, students scammed the hell out the loans by filling when they had little income and viola! as soon as they had their private practice they were doing just fine. That is the reason the loans were made non-dischargeable.
I suspect most of the loans that are delinquent are from mostly from people who either dropped out, over-borrowed for foolish reasons, got financially useless degrees and the majority are mostly single white, liberal woman.
Cancellation of debt has to be reported as Additional Income on Schedule 1 of the 1040 form -- Part 1, 8c -- then reported on Line 8 of 1040 itself.
Economy is doing so great college students need help.
ALL debts are paid.
By someone.
US is broke, it makes minimum wage and it borrows money to give it to people who hate us.
And I'm a Nazi for saying it.
Spending more than Huey Long!
Like today's debt isn't gonna follow these school kids to their graves? Hellhound on their trail.
Surprised that dems would do it to their own kids, but hey, baby killers gonna kill.
So after the Supreme Court nixed it, Biden is pushing ahead. And Trump is the authoritarian.
Why not just throw student loans on the fire where we are burning $1.5 trillion a quarter? What possible difference could it make? But it's making a lot of jobs for the foreign born, so I guess all of this debt is worth it!
I have noticed something IRL that strikes me as unusual, young, fit men working in retail stores. These are low paying jobs, compared to construction, or the trades. Any young man with a strong back, whatever his training, used to always be able to get a job in construction, where he could start a career and make a better wage than working in a package store. This is a weird economy. But hey, I am just a whack job conspiracy theorist, so it's all probably nothing.
Yellen is over in China begging them to buy our debt, and to not kill our auto industry with inexpensive EVs that Biden is going to force us all to buy. So everything is going swimmingly.
Yes, it is disgusting, AND what is the worst of it is it puts no brakes on the colleges themselves.
College costs have risen steeply the last 40 years, out of proportion to all other costs. The blank check by govt to cover student loans give the colleges the chance to expand their budgets with much less discipline than a good foundation should allow themselves.
These payoffs make it even more impossible to correct the vulgar situation.
The National Debt has increased to 33 Trillion Dollars from 458 billion since Biden took office in the Senate. Of course his solution to everything is to spend Government money.
"The last official act of any government is to loot the treasury."
~George Washington
Eagerly awaiting "Rich", "lone justice" and Chuck! to post on this one.
Takes one keyboard.
Having realizing the NYT had approached the truth they made an abrupt turn.
Democracy thrives in darkness.
How come colleges and universities are not on the hook for some of this money? It would be nice if schools (public and private) provided a guarantee for services rendered.
What cha got for me Joe?
Well, I got lots of abortion, tons of it, the good old leave them on a cold table kind. And those student loans, someone else will pay for yours. Lots of illegal immigrants, they will be crawling out your Keister. And, their gonna put you in chains too. That’s about it, except for inflation.
As Mr Wibble noted, this is an 'attempt' because after the USSC slap-down, Biden is trying to shoe horn some program that'll fool people into various loan modification and forgiveness provisions that don't allow blanket discharge of the loans.
It is an "attempt" like I made an attempt to win the PowerBall lottery on Saturday.
I acquired one ticket. I "could" have won but most would rightly see that it was not a earnest attempt, that I will very most likely fail. Biden (his handlers at least) know this too will fail due to being stopped by the courts but by then they will have achieved their goal of attempting to remove these persons obligations of repaying their school loans. He will have gotten or retained whatever number of citizen [and non-citizen?] votes that this "plan" covers and not have to actually deliver anything. At the same time he will further the tension between those never had college dept/already repaid it and those that are still paying it off. A typical Biden two-fer; promise to do something you know you can't and further increase political divisions within the country.
As a famous orator one said, ""Don't underestimate Joe's ability to f*ck things up."
He's not reducing debt. He's transferring debt from Groton Hanover IV, the investment banker, onto the back of Jose Garcia, the gardener.
Post a Comment