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Potomac Guy's avatar

The debt “relief” numbers are staggering and the fact that this has happened through an executive waiving of the wand (and even with a countermanding SCOTUS opinion) makes Biden’s talk of Trump’s authoritarianism ring hollow. (Trump is a windbag, a blatherskite and a sore loser, but we have seen his act for four years and he presents less of a threat to the rule of law than this gang).

Worst of all, this staggering sum of money is not really being “relieved” or “forgiven” at all—merely turned over to the half of the adults in America who pay federal taxes.

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Chris Bartle's avatar

Think the Palestine protests were not on Biden's mind when providing debt relief. The scale of that relief is amazing, but I would bet only a small part of that number is from elite schools. Anecdotally, it's one of the first things I hear from young people - except those in or from elite schools. They almost never mention it. The expectations and job prospects of those in elite schools are on a different plane. It's another instance of a debate being hijacked by the very privileged and apparently endlessly interesting (to the media) students of Ivy League and similar schools. Because I have been exposed to dozens/hundreds of nurses, physician's assistants, physical and occupational therapists, EMT folks and early career MDs over the past few months, I can say Biden is not wrong to try to help. The salaries in these professions are not high, the cost of housing is astronomical (at least in Boston/NYC) and the burden is real.

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