I simply cannot grasp how a judicial system that's entirely based on standing, suddenly decides that 6 random states that have 0 stake in this whole FEDERAL student loan thing have standing to sue over this forgiveness plan
this post was submitted on 30 Jun 2023
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I'm against student loan forgiveness, but I agree. All evidence seems to say that the plaintiffs had no standing. The case should have been thrown out.
Although I'm happy with the result, the means are not worth the ends. This is a corrupt faction of judges ignoring and applying law where it suits their broader agenda.
Fine. I'll bite.
Why are you against student loan forgiveness?
Doesn't address the root problem, in fact it makes the root problem worse. It's just a one time payout to a lucky group of millenials who happen to qualify at the moment.
Also, it primarily benefits wealthier people who got college degrees. That money would do a lot more good going to poorer people.
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Missouri proved they have standing via direct injury:
"At least Missouri has standing to challenge the Secretary’s program. Article III requires a plaintiff to have suffered an injury in fact—a concrete and imminent harm to a legally protected interest, like property or money—that is fairly traceable to the challenged conduct and likely to be redressed by the lawsuit. Lujan v. Defenders of Wildlife, 504 U. S. 555, 560–561. Here, as the Government concedes, the Secretary’s plan would cost MOHELA, a nonprofit government corporation created by Missouri to participate in the student loan market, an estimated $44 million a year in fees. MOHELA is, by law and function, an instrumentality of Missouri: Labeled an “instrumentality” by the State, it was created by the State, is supervised by the State, and serves a public function. The harm to MOHELA in the performance of its public function is necessarily a direct injury to Missouri itself. The Court reached a similar conclusion 70 years ago in Arkansas v. Texas, 346 U. S. 368."
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Student debt cannot be simply expunged through bankruptcy, it requires extra steps.
After the 2008 sub-prime mortage crisis, Hedgefunds and Banks didn't stop with their predatory behaviour, they simply shifted it around. Student loans were a prime target for that. As well as commercial mortage backed securities (CMBS) rather than the mortage backed securities (MBS) from that bubble popping in 2008.
With COVID making work from home inevitable and CMBS becoming a huge risk factor as well as student loans possibly being forgiven, the financial elites have been rotating to survive another day until they can resume squeezing your pennies out of you again so they don't have to go under.
Just a piece of the shit pie that the US financial markets are. It's just a huge rackateering ring. I'd be immensely surprised if student loans were ever forgiven or university costs socialized again in the future. It's just too lucrative to fuck young people.
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Lets be honest - the plan was an overreach. This had to pass through congress. So SC is not wrong.
But it couldn't pass through congress because of lobbying. Which was bribery made legal by SC. Which was a very controversial decision. But if Roe could be overturned, we should focus on getting Citizen United overturned. And America will be great again.
But for that US should be united. And that will not happen because all the oligarchs domestic and abroad make sure of that and they lobby secretly and hard. You have Saudis, Chinese buying corporations influencing US decision making. You have Russian interference. European banks also service these oligarchs, so its in their interest too. Now other countries with oligarchs are jumping in too. And they put smokes and mirrors in front of you to keep you off from the real goal - creating issues where there should be none. To keep America divided.
So its a long attrition based slug war which can only be fought when we love our fellow Americans and stop listening to hate everywhere around us. And realize that all politicians are evil, so you have to keep them pressed. They will not share power, we the people have to be strong and take the power from them.
No one can destroy US. Only US can destroy US.
This is the most lukewarm, wishy washy, "enlightened centrist" shit I have ever read. Like,
So its a long attrition based slug war which can only be fought when we love our fellow Americans and stop listening to hate everywhere around us.
???
What are you fucking talking about? This is some next level naivety.
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SCOTUS is why we can't have nice things. Well, them and congress. And often the executive branch.
Basically we can't have nice things.
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Fuck my life, the one peice of hope I had for a lifeline out of poverty
what degree did you get? are there a lot of jobs in that field?
You planned poorly.
Wasn't your degree supposed to be a lifeline out of poverty? How much do you make?
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