Student loans: Biden vetoes bill to claw back student loan relief

[In It to Win It]

https://www.yahoo.com/finance/news/student-loans-biden-vetoes-bill-to-claw-back-student-loan-relief-234933387.html

President Joe Biden on Wednesday vetoed a bill that would have repealed months of student loan payment forbearance and banned his up to $20,000 in debt forgiveness — regardless of how the Supreme Court rules on the legality of the program this month.

The resolution, called House Joint Resolution 45, passed the House in May and the Senate last week, with support from Sen. Kyrsten Simena (I-Ariz.) and two Democrats, Sens. Joe Manchin (D-W.Va.) and Jon Tester (D-Mont.), in the higher chamber.
[Stay ahead of the market]

If Biden had not vetoed the measure, borrower advocates worried that 40 million student loan borrowers could have faced backpay for those paused payments and had new interest charges added to their debt. They also raised concerns that debt cancellation borrowers recently received would be reversed.

"It is a shame for working families across the country that lawmakers continue to pursue this unprecedented attempt to deny critical relief to millions of their own constituents," President Biden said after vetoing the resolution. "I remain committed to continuing to make college affordable and providing this critical relief to borrowers as they work to recover from a once-in-a-century pandemic."

[Cha]

1. Fuck those Filthy Rich Russian Fed

Zombie Bots in the US Congress.. and everywhere else.

TY & Pres Biden

[xmas74]

2. I notice in my area the biggest whiners

Accepted PPP loans and had then later dismissed without a single payment.

[peacebuzzard]

5. This!

Indeed

[Celerity]

6. +2

[calimary]

3. I'm eager to vote for him again! He hasn't disappointed me yet.

But I guess that's what DECADES of experience and effective leadership will get ya.

[aocommunalpunch]

4. The very idea he had to veto this

Makes me want to vomit.

[Celerity]

7. The very nature of the US Senate is a longwave Constitutional flaw that is a ticking time bomb.

Soon just 30% of the population will control 70% of the seats.

That 30% is far more RW reactionary, older, whiter, poorer on balance, less educated, more fundie christian, more racist, misogynistic, and homophobic, etc etc than the 70% of the population who will control only 30% of the seats.

The Electoral College is another longwave foundational flaw that is also a ticking time bomb.

So is the vagueness of the 2nd Amendment.

[The Revolution]

10. Perhaps this was calculated

Let it go to a floor vote so Manchin and Tester can vote against it (and Simena can do whatever), knowing it would be vetoed.

Our best chance of holding the WV and MT senate seats may be with an incumbent who can show that they 'stand up to Biden and other Democrats' (something like that).

[LetMyPeopleVote]

8. President Biden has vetoed Republican-led bill to undermine his student debt relief plan

Link to tweet

[Yo_Mama_Been_Loggin]

9. Good