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President Biden warns of 'oligarchy' as he bids farewell to five decades in politics
(www.usatoday.com)
this post was submitted on 16 Jan 2025
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He did try many times to get rid of student loans, only for Trump’s judicial picks to say it’s illegal to forgive loans of poor people
Fun fact: if he hadn't deliberately means tested student loan forgiveness to death, the GOP lawyers wouldn't have been able to argue discrimination and he knew that.
He wanted the credit for trying, but his owner donors didn't want his "attempt" to actually succeed.
Or
He's a fucking liberal that believes means-testing actually works.
Except for all the times that it doesn't. This is one of those times.
People who are rich enough to not need student loan forgiveness don't have student loans in the first place. Either they come from a rich family that paid for their college or they did so themselves after becoming rich.
With that in mind, means testing student loan forgiveness to death was a hell of a lot of downside including the argument that the fascists used to kill it, in exchange for absolutely no upside.
Regardless of his personal beliefs, half a century worth of experience should be WAY more than necessary to find out how things work regardless of how you think they SHOULD work.
Tl;Dr: he either knew that means testing would doom it to failure and did it anyway, means tested it BECAUSE he knew it would cause it to fail, or he was WAY too incompetent and naive for someone who'd been in the game for longer than most people have been ALIVE.
Either way, he fucked it up.