So were numerous other legislatures who helped pass it. It isn’t an issue that can be pinned on one person. Had Biden not been there it would’ve still been passed. Stop obsessing on Biden, it makes you sound like a malfunctioning Trump-bot.
Ah, sorry. Point still stands. It’s a bit more complicated than either of us suggested. They’ve been chipping away at student loan forgiveness for decades.
I never said Biden didn’t share some of the blame, rather that it’s a more complex and nuanced situation than what you suggested (its all Bidens fault and if he didn’t exist it wouldn’t have happened.)
The push to make student loans “unforgivable” (non-dischargeable in bankruptcy) was not the result of a single person, but rather a multi-decade legislative effort driven by a federal advisory commission, congressional lawmakers, and intense lobbying by the financial and student loan industries.
1. The 1970s Commission and the 1976 Law
• The Commission on the Bankruptcy Laws of the United States: Formed by Congress in 1970 to review the bankruptcy system, the commission heard claims—often unproven—that recent college and professional graduates were taking out federal loans and immediately filing for bankruptcy to wipe them out before starting high-earning careers.
• The Higher Education Act Amendments of 1976: Influenced by these concerns, Congress amended the law to make government-backed student loans non-dischargeable for the first five years of repayment unless the borrower could prove “undue hardship”.
• The 1978 Bankruptcy Code: Congress cemented and expanded this treatment into the U.S. Bankruptcy Code (Section 523(a)(8)), with strong backing from congressional committees and legislative compromise.
2. Tightening in the 1980s and 1990s
• The Bankruptcy Amendments of 1984: Congress broadened the restriction to include loans that were privately funded or guaranteed by non-profit entities.
• The 1990 Crime Bill / Budget Amendments: Congress extended the waiting period before a federal loan could potentially be discharged from five years to seven years.
• The Higher Education Amendments of 1998: Backed by industry interests and signed into law by President Bill Clinton, Congress eliminated the waiting period entirely. This meant student loans could no longer be discharged after waiting a set number of years; “undue hardship” became the sole, near-impossible standard.
3. Closing the Door on Private Loans in 2005
• The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA): Pushed heavily by credit card companies, banks, and the broader consumer lending/student loan industry (including major lenders like Sallie Mae), Congress extended the bankruptcy exception to private student loans as well.
• The Result: Private and federal student loans became virtually impossible to discharge in bankruptcy except under the strict, high-bar legal standard known as the Brunner test, making student debt uniquely permanent compared to almost every other form of consumer debt.
Nah, it was the result of decades of various groups pushing for it.
The push to make student loans “unforgivable” (non-dischargeable in bankruptcy) was not the result of a single person, but rather a multi-decade legislative effort driven by a federal advisory commission, congressional lawmakers, and intense lobbying by the financial and student loan industries.
1. The 1970s Commission and the 1976 Law
• The Commission on the Bankruptcy Laws of the United States: Formed by Congress in 1970 to review the bankruptcy system, the commission heard claims—often unproven—that recent college and professional graduates were taking out federal loans and immediately filing for bankruptcy to wipe them out before starting high-earning careers.
• The Higher Education Act Amendments of 1976: Influenced by these concerns, Congress amended the law to make government-backed student loans non-dischargeable for the first five years of repayment unless the borrower could prove “undue hardship”.
• The 1978 Bankruptcy Code: Congress cemented and expanded this treatment into the U.S. Bankruptcy Code (Section 523(a)(8)), with strong backing from congressional committees and legislative compromise.
2. Tightening in the 1980s and 1990s
• The Bankruptcy Amendments of 1984: Congress broadened the restriction to include loans that were privately funded or guaranteed by non-profit entities.
• The 1990 Crime Bill / Budget Amendments: Congress extended the waiting period before a federal loan could potentially be discharged from five years to seven years.
• The Higher Education Amendments of 1998: Backed by industry interests and signed into law by President Bill Clinton, Congress eliminated the waiting period entirely. This meant student loans could no longer be discharged after waiting a set number of years; “undue hardship” became the sole, near-impossible standard.
3. Closing the Door on Private Loans in 2005
• The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA): Pushed heavily by credit card companies, banks, and the broader consumer lending/student loan industry (including major lenders like Sallie Mae), Congress extended the bankruptcy exception to private student loans as well.
• The Result: Private and federal student loans became virtually impossible to discharge in bankruptcy except under the strict, high-bar legal standard known as the Brunner test, making student debt uniquely permanent compared to almost every other form of consumer debt.
Or someone else would’ve made the bill. Its not like only Biden wanted to leverage younger generations future.
The push to make student loans “unforgivable” (non-dischargeable in bankruptcy) was not the result of a single person, but rather a multi-decade legislative effort driven by a federal advisory commission, congressional lawmakers, and intense lobbying by the financial and student loan industries.
1. The 1970s Commission and the 1976 Law
• The Commission on the Bankruptcy Laws of the United States: Formed by Congress in 1970 to review the bankruptcy system, the commission heard claims—often unproven—that recent college and professional graduates were taking out federal loans and immediately filing for bankruptcy to wipe them out before starting high-earning careers.
• The Higher Education Act Amendments of 1976: Influenced by these concerns, Congress amended the law to make government-backed student loans non-dischargeable for the first five years of repayment unless the borrower could prove “undue hardship”.
• The 1978 Bankruptcy Code: Congress cemented and expanded this treatment into the U.S. Bankruptcy Code (Section 523(a)(8)), with strong backing from congressional committees and legislative compromise.
2. Tightening in the 1980s and 1990s
• The Bankruptcy Amendments of 1984: Congress broadened the restriction to include loans that were privately funded or guaranteed by non-profit entities.
• The 1990 Crime Bill / Budget Amendments: Congress extended the waiting period before a federal loan could potentially be discharged from five years to seven years.
• The Higher Education Amendments of 1998: Backed by industry interests and signed into law by President Bill Clinton, Congress eliminated the waiting period entirely. This meant student loans could no longer be discharged after waiting a set number of years; “undue hardship” became the sole, near-impossible standard.
3. Closing the Door on Private Loans in 2005
• The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA): Pushed heavily by credit card companies, banks, and the broader consumer lending/student loan industry (including major lenders like Sallie Mae), Congress extended the bankruptcy exception to private student loans as well.
• The Result: Private and federal student loans became virtually impossible to discharge in bankruptcy except under the strict, high-bar legal standard known as the Brunner test, making student debt uniquely permanent compared to almost every other form of consumer debt.
Why not blame the Executive (Bush Jr) who could’ve not signed the bill which would’ve pretty much killed it since they probably wouldn’t have been able to get the 2/3 majority to override the veto?
Why not blame Bush Jr for not vetoing it?
Jeff Bezos hosted Jeffrey Epstein and Ghislaine Maxwell to his private, invitation-only, weekend at a resort he rented out. Bezos had many close ties to Epstein. Bezos also had numerous private dinners with Epstein.
The photo is from a party where Ghislaine Maxwell hobnobbed with him but make no mistake they were close friends.
Make sure to add this note to your files about Jeff Bezos, founder of Amazon.
Biden was one of many legislatures who passed the bill that made those debts non-dischargeable. Bush Jr signed the bill, which he alone could have vetoed, so we can just as easily blame Bush Jr for passing the legislation.
You can not pin it on one legislature in the body of Congress who voted for it since it was a team effort.
The push to make student loans “unforgivable” (non-dischargeable in bankruptcy) was not the result of a single person, but rather a multi-decade legislative effort driven by a federal advisory commission, congressional lawmakers, and intense lobbying by the financial and student loan industries.
1. The 1970s Commission and the 1976 Law
• The Commission on the Bankruptcy Laws of the United States: Formed by Congress in 1970 to review the bankruptcy system, the commission heard claims—often unproven—that recent college and professional graduates were taking out federal loans and immediately filing for bankruptcy to wipe them out before starting high-earning careers.
• The Higher Education Act Amendments of 1976: Influenced by these concerns, Congress amended the law to make government-backed student loans non-dischargeable for the first five years of repayment unless the borrower could prove “undue hardship”.
• The 1978 Bankruptcy Code: Congress cemented and expanded this treatment into the U.S. Bankruptcy Code (Section 523(a)(8)), with strong backing from congressional committees and legislative compromise.
2. Tightening in the 1980s and 1990s
• The Bankruptcy Amendments of 1984: Congress broadened the restriction to include loans that were privately funded or guaranteed by non-profit entities.
• The 1990 Crime Bill / Budget Amendments: Congress extended the waiting period before a federal loan could potentially be discharged from five years to seven years.
• The Higher Education Amendments of 1998: Backed by industry interests and signed into law by President Bill Clinton, Congress eliminated the waiting period entirely. This meant student loans could no longer be discharged after waiting a set number of years; “undue hardship” became the sole, near-impossible standard.
3. Closing the Door on Private Loans in 2005
• The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA): Pushed heavily by credit card companies, banks, and the broader consumer lending/student loan industry (including major lenders like Sallie Mae), Congress extended the bankruptcy exception to private student loans as well.
• The Result: Private and federal student loans became virtually impossible to discharge in bankruptcy except under the strict, high-bar legal standard known as the Brunner test, making student debt uniquely permanent compared to almost every other form of consumer debt.
Not only will they continue to allow this to continue, offering no relief to borrowers, they will also eventually have to raise taxes on us borrowers in order to cover the massive social security obligations that are due to the single largest, consistent voter block-old people.
The irony is the turnout rate for younger voters is usually above 75% in presidential elections but the overall voter rate for those age groups tends to hover below 30%. There is a massive amount of young people who don’t bother registering and even 25% of those who are registered don’t seem to care to cast their ballot.
Yes, expect things to get worse. Rent and food will only get more expensive. Wages will remain flat. Jobs will disappear (AI, outsourcing to cheaper labor or because the company goes bankrupt) and all the while there is one form of debt that can’t be forgiven. In many ways it’s better to have a business loan go into default since you can actually clear that debt from your record. Student loans will just continue to incur interest so the government can take more of your paycheck when you do actually manage to make some money.
Glad I got my measles booster last year.
Doctors often give pregnant women a booster but any adult that was born before they started giving kids 2 shots of the measles vaccine is eligible for the modern vaccine regardless of how old you are. I forgot what year they started doing the 2 dose but it was sometime in the mid 1990’s I believe.
The theory is the older vaccine for measles that many got prior to that wasn’t so good. It also wears off over the years which is one reason they give pregnant women it (they usually test your bodies reaction first to see if you need it but its such a cheap and easy vaccine that many doctors will just give you a booster instead.)
“The real McCoy” is not a reference to Elijah McCoy’s oiler but predates Elijah’s invention and seems to come from Scotland originally. The term has been misapplied to many McCoy’s over the centuries.
Elijah McCoy was an inventor who was originally born in Canada to parents who had fled there to escape slavery in Kentucky. They eventually moved to Michigan where Elijah would go on to invent not just an improved oiler mechanism for machinery but also stuff like a folding ironing board and a lawn sprinkler. Despite an interesting and successful life the saying “the real McCoy” was never really a thing. It seems to have been applied retroactively around the 1960’s.
Taking the name from a book doesn’t make it tongue in cheek.
It’s super fucking cringe to me and I don’t even like The Lord Of The Rings so it isn’t because I’m a fan.
Tech CEO’s love to co-op beloved scifi/fantasy properties to market their insane ideas. Jeff Bezos once said he wanted to make life like Star Trek where you could talk to the computer. He didn’t mean he wanted to build a tech utopia where everyone was treated fairly, he meant he wanted the computer to be constantly spying on you, listening to every word you say and always aware of where you were and what you were doing.
When they outsource your tech job or bring in a cheap international hire to suppress your wage they’ll say stuff like, “I just hate to think of all the Mozarts and Einsteins going to waste in insert country being exploited for cheap labor and this is how I’m helping solve that.” Except Mozart and Einstein were the direct result of a life-long process of intensive education that began in early childhood. But you don’t see these billionaires dumping money into our school systems so kids can have a better teacher:student ratio and thus become these Mozarts and Einsteins.
It’s all marketing.
Meta glasses without camera
So just normal glasses?
Heres hoping the federal government goes down with it so we can forget about all those pesky student loans.
Domino’s has been doing it for years on Reddit, for example. Lots of “goofy” posts like the Domino’s driver dancing on a customers porch because they asked him to through their door-bell camera. Dumb stuff like that.
To say nothing about all the brand discussion about Marvels latest projects on their. 100% Disney is paying for an encouraging that pseudo-advertising behavior.
Egg drop is the best I’ve found, at least for the classic chicken flavored ramen packs.
India too.
I went into learning about India’s history looking for positive things about it and came out of the experience sickened. India’s culture is corrupt and evil, in many ways much like China. I suspect it has something to do with a massive population being inherently hyper-competitive and nepotistic. These qualities aren’t absent from the Western Worlds ideologies, governments or economic systems but they aren’t as rampant as in the Eastern Worlds cultures.
I’m all for accepting people of other cultures on a case-by-case basis (so I admit there are good people from India and China that I’d welcome) but as a whole these cultures and governments are bad news and should be treated as hostile belligerents.