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The article doesn’t mention this, but Ted Cruz was a cosponsor. Cruz actively campaigns against debt relief. All the other sponsors have put forth and voted for debt relief in the past.
Anyone want to take bets on shady ass Cruz sneaking this in and the other senators not reviewing what their staffers drafted for a boring ass authorization bill?
This would be classic Cruz. Sneaky, petty, cheap political points, and fucks over people who don’t have money. That’s all like all Ted’s favorite stuff.
Since no one apparently read the article, it’s the Democrats doing this.
The Debt Collective named Sen. Chuck Schumer (D-N.Y.), Rep. Hakeem Jeffries (D-N.Y.), Sen. Maria Cantwell (D-Wash.), Sen. Tammy Duckworth (D-Ill.), and Rep. Rick Larsen (D-Wash.) as particularly responsible for the language.
And since no one read the BILL, Ted Cruz is one of the people that cosponsored this. Of the 4 sponsors, Cruz is the only one that is actively campaigning against debt relief. Even Moran, the other Republican cosponsor, has pushed for debt relief for service members.
This smells of classic Cruz. He’s a petty little cunt and would totally sneak something like this into a routine authoritarian bill that no one is proofreading.
https://www.congress.gov/bill/118th-congress/senate-bill/1939/all-info
I find that really unlikely as both Schumer and Duckworth have called for debt cancellation by executive order and even if they were secretly opposed it’s a good campaign issue that can be reliably blocked by the filibuster or the courts. I think it’s just Debt Collective being a little loose with the definition of “responsible” to prompt outrage and more calls to the people who have power to do something (which is a good thing).
My money is on Ted Cruz. This article completely fails to mention that Cruz is one of the sponsors.
Also, Cruz is the ONLY sponsor who hasn’t supported student debt relief in some form, and the only sponsor that campaigns against it in public.
And, least we forget, he’s a sneaky little shit that loves to sneak stuff past people when they’re not paying attention.
I’ve said it before and I’ll say it again, vote both of them out.
Ted Cruz ® is a cosponsor, and is the only sponsor that campaigns against student debt relief, and is a weasel that loves to sneak things in when no one is looking.
Yeah, hence why I said both, as in both parties
I probably should have provided context. Of the two Democratic and two Republican sponsors, Cruz ® is the one is actively campaigning against student debt relief in the press.
Also, of the people that voted for tanking Biden’s debt relief plan, only 3 were democrats. Tester, Manchin, and Sinema. The latter two are famously out of step with their party.
All in all, the Democratic Party has a track record of supporting student debt relief, and the Republican Party has a track record of opposing it. Also, of the people sneaking anti debt relief language in this bill, odd are is was the big anti-debt relief tea party republican.
A vote for neither of them is a vote for trump. The two party system needs to be changed.
Which will never happen while we vote for either side
These neoliberal assholes can get all the way fucked
So how about that COVID business loan money… Oh we ain’t getting that back.
How about the auto bailout money… Not seeing that back either
How about the bank bailouts from 16 years ago. Gotcha, also not getting that back.
You, random student, we will get that 40k back from you if it takes 50 years.
As to the auto industry bailout, would you rather have had a major American industry simply collapse?! Don’t know about the others, but Chrysler paid it all back, with interest, years ahead of schedule.
The Treasury made a profit on the bank bailouts.
https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008
And all of that put together is chicken change against the $1.7 trillion owed in student loan debt.
That profit worked out to be about 0.6% rate of return on a loan to failing businesses on the verge of bankruptcy. Do you know anybody on the verge of bankruptcy who’s ever received a loan with rates like that?
Taxpayers would have been better off holding onto the company stock and receiving a portion of the profits today.
We were robbed.
Isn’t the point of our government to break up industries to big to fail so things like this don’t happen? Congratulations you solved a problem that your institution is supposedly designed to prevent.
The average American were the main ppl who lost their houses and jobs and got jackshit back from those bailouts. (Besides a measly 20 billion back from the bank bail out. Our government budget is in the trillions)
No one is saying forgive 1.7 trillions tomorrow but it is MORE than possible to forgive that much debt over time and recoup it. Especially since as soon as that debt is gone ppl will buy shit like houses, take out loans for businesses, and have kids which all add economic value and tax revenue.
What does it matter to the auto industry to be saved if no one is buying their cars?
The population can only bear the burden of these bailouts for so long before collapsing. Then nobody will survive.
The people in debt are the plankton of the ocean. They seem insignificant until they are gone. Then the whole ecosystem collapsed.
As to the auto industry bailout, would you rather have had a major American industry simply collapse?!
There’s allegedly 94 American automobile manufacturers, per Wikipedia. If there’s a disruption that would collapse all of them, that would be extremely serious - something which should be handled by making sure the industry is not at the whims of the economy.
The simplest quick-fix is having the company give partial ownership to the government in exchange for a bailout, and the alternatives involve arguing about what color to use on the bike shed.
‘Member the airline bailout after 9/11? They also “temporarily” increased ticket prices and added checked bag fees (which didn’t used to be a thing at all) to account for the reduced sales. I’m sure those extra profits totally got responsibly invested into the air fleets 🤣
The Debt Collective named Sen. Chuck Schumer (D-N.Y.), Rep. Hakeem Jeffries (D-N.Y.), Sen. Maria Cantwell (D-Wash.), Sen. Tammy Duckworth (D-Ill.), and Rep. Rick Larsen (D-Wash.) as particularly responsible for the language.
I’d sure like to know how they decided on this list, because at least Schumer and Duckworth were both actively calling on Biden to cancel debt via executive action.
You’re telling me these people might be procorporate trash in disguise?? No. No I won’t believe it. /s
I mean, that’s one interpretation, but Biden’s initial stab at cancellation probably wouldn’t have happened without Schumer getting on board and making it less just “Warren calling for stuff she wants”. Harder to dismiss it as progressive fringe when the majority leader keeps calling for it.
My interpretation is that them being “responsible” is just a list of the Democratic leaders in each chamber and the expected sponsors rather than them actually making the edit. Flood their phone lines for sure, because they’re the ones who can shut it down (and arguably should have noticed and shut down without needing outside watchdogs), but I think it’s pretty obvious this was a Republican insertion. Even if they didn’t believe in debt cancellation, it’s still a good campaign issue for them and they could just rely the courts and filibuster to block their performative efforts.
Super easy to dismiss when it was shot down. Procorporate Democrats are champions at fighting for lost causes and accidentally fumbling easy wins.
44 Democrat senators voted to block the rail strike. Fuck that procorporate trash.
language included in the 2024 Federal Aviation Administration Reauthorization Act that could pave the way toward banning student loan cancellation.
The current draft of the routine bill [bars] executive branch officials from cancelling or forgiving student loans taken out to pursue flight training or education at the undergraduate level, the Debt Collective warned on Wednesday.
It’s like republicans are actively trying to lose in November.
Edit: Also for the folks who didn’t read the bill. Ted Cruz ® is a cosponsor. Cruz HATES student debt relief. The other sponsors have all supported variations of student debt relief. Just say’n. If were wondering who snuck this into a boring routine bill, I’d start with that guy.
It’s like republicans are actively trying to lose in November.
Um, did you stop reading at the second sentence?
The Debt Collective named Sen. Chuck Schumer (D-N.Y.), Rep. Hakeem Jeffries (D-N.Y.), Sen. Maria Cantwell (D-Wash.), Sen. Tammy Duckworth (D-Ill.), and Rep. Rick Larsen (D-Wash.) as particularly responsible for the language.
I don’t have any love for the GOP, but this particular bit of “fuck you” is from neoliberal Democrats. They need replacing. Not with Republicans, but with better Democrats.
I think this is Debt Collective being a little loose with what “responsible” means. Both Schumer and Duckworth were involved in mainstreaming the cancellation of debt via executive order.
Ted Cruz is a cosponsor, and the only cosponsor that actively campaigns against student debt relief.
Procorporate trash. All of them
I keep telling folks, but the 118th Congress, the current one, we have so far 46 bills that have made it to law. The only one that really made a big difference was Pub. L 118-5 which ended officially the student loan repayment pause and ended some enhanced benefits of food stamps, SNAP, free lunches, etc.
The other 45 bills have been mostly bumps to the debt ceiling (and of course the small “benefits” Republicans reaped in those), a 250th anniversary of the Marine Corp collection coin (because Congress has the power over the treasury, that’s one of the things they do), renaming post offices (Congress has power over the post in the Constitution), some bumps to VA funding, and that’s about it.
The small wins they got in avoiding the fiscal cliff aren’t exactly massive bangers. I mean compared to say the 117th Congress, the one before this one, that hammered out 362 laws with hits like the Inflation Reduction Act, the CHIPs act, and so forth. There’s just been nothing like any of that in this current Congress.
And the 116th Congress gave us 344 laws, navigated a pandemic, AND got two impeachments out the door.
The Republicans have shown, they’ve got nothing. We literally have on record them as doing nothing. This has been the least productive Congress in modern history. They have literally set a brand new record for number of times it took to get a speaker and for the least amount of work done EVER.
And they’ll still win because “woke bad” “GeNoCiDe JoE” and a healthy dose of “the vast majority of Democrats in office are conservative and we hate it.”
Trump isn’t in office for people to be mad enough to get him out. Apathy will run rampant this time, people are already sick to their stomachs of all things political lately.
I’m not looking forward to project 2025 being implemented… I’ve always despised organized religious zealots but it looks like they’re going to get to steer the ship going forward…
Removed by mod
You mean Trump? 'Cause he – not Biden – is the one who wants Israel to “finish” exterminating the Palestinians.
Removed by mod
People have been pussified to the bone in this country. Government keeps smacking us down and we just stay down. We need the French attitude
Not government. Republican government.
to be completely fair, while it’s obviously the correct choice between the two, the democratic party isn’t exactly a shining beacon of social justice either.
This language was added by Democrats.
Was it? Ted Cruz and Jerry Moran are also cosponsors.
I don’t know how to see who added what to a draft, but this does have bouquet of Cruz to it. If someone told be his office snuck it in, I wouldn’t be surprised.
Obviously you didn’t read the article.
The Debt Collective named Sen. Chuck Schumer (D-N.Y.), Rep. Hakeem Jeffries (D-N.Y.), Sen. Maria Cantwell (D-Wash.), Sen. Tammy Duckworth (D-Ill.), and Rep. Rick Larsen (D-Wash.) as particularly responsible for the language.
No, I read the article and the bill.
https://www.congress.gov/bill/118th-congress/senate-bill/1939/all-info
Sponsor: Cantwell (D)
Cosponsors: Cruz ®, Duckworth (D), and Moran ®
Three of those people have a past of supporting student debt relief legislation at some point, one does not. One actively campaigns against debt relief in public. That is Ted Cruz. I’m not saying he or his aids did it, but I’d probably start there.
