does this mean $10k off of the original loan, or just like $10k off of what you currently owe (interest included?)
I can't stop laughing at Laurie's most compelling case against loan forgiveness being an example of her own loan forgiveness
For a long time I’ve expected them not to do anything on it. After letting this story hang around, they’d be the worst politicians in the world if they come out and say, oh we don’t have the authority. Spoiler So yeah, you may be right.
Guessing it's something like that too, absolutely better than nothing and will hopefully help midterm turnout but will still sadly be nowhere near enough with some of the insane amount of debt people have even with decent jobs.
Hi yes. I’d like to have my 160k in student loans paid for. Hard to pay anything when you’re a homeless alcoholic with a degree to practice medicine as a PA.
Better than nothing (it would wipe out the rest of my wife's loans so it would personally be very beneficial) but that's nowhere near enough.
I agree. I really really hope they think it through and let it spread out over however many payments payments rather than just a 1 time reduction. For someone with a sub 50k income making $100 payments on an IDR plan that would let them breathe for 8 years
It’s amazing that NYS has had a democrat as governor since 2007 and yet the appointed judges on the court of appeals is a conservative majority, including the chief judge who became a democrat in 2007 because the democrats dominated the 2006 elections. Fuck democrats
My most likely uniformed opinion:I think the student loan situation long term could be solved by eliminating interest on those loans.
Funding programs to avoid predatory lending practices are absolutely possible but it takes legislation to make that happen.
The student loan situation is just a symptom. The real problem is that wages are too low. You could just let inflation run a bit higher, and that would do a ton to help.
Unfortunately that won't happen because the federal government won't service them and the lobbiests for the banks that do will purchase votes to make sure they get their interest
They even say it out loud, if you look in the right places. He's saying you have to suppress wages. 6% a year is too high.
how can he even say that with a straight face, we’ve all seen the chart showing stagnant wages for the past 20-25 years
On landlord stuff. I ran across a hood one. I’m going to write insurance for him. He realizes that rent can’t keep going up so he’s going to go self insured and just do liability to keep his rents low. He said that’s where the market is headed because he feels like it’s at the ceiling of what rent can go to. He said he’s going to lower back his rents when he does this.
^ Pretty sad when one obscure D in MI speaks the truth and it stands out like a candle on a black night. "Another lesson of McMorrow’s speech, said Rebecca Katz, a senior adviser to Lt. Gov. John Fetterman, a Democratic Senate candidate in Pennsylvania, is that voters are searching for authenticity and passion rather than lock-step ideological agreement." Good luck getting that from any D save for a select few in DC. Article https://archive.ph/ng8xC