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this post was submitted on 19 Dec 2023
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politics
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The Biden admin has forgiven 132bil in student loans so far. Not the 400bil the supreme court stopped, but way, way more than any other administration ever.
The key is that they have done it in small 5bil drips and drabs. This is a double edged sword in that the news has barely covered it, so there is no push to stop it. He can keep forgiving student debt, but only if no one notices and gets the corrupt courts involved.
Exactly my point: Lower your expectations.
It’s not going to happen overnight. It probably won’t happen at all, given the structure of our government.
But he’ll make nice noises while the world burns and we all go broke and that will be a bit more pleasant.