Bank paid economists on suicide watch
huh, that’s interesting.
Just got the email about the cancelation to the student loan forgiveness today. Sad days.
he could just wipe it out, but yaknow, he’d rather do what his big donors want. instead he throws a bone just to try to win votes.
I assume you’ve been living under a rock?.. Biden tried to unilaterally wipe out a ton of student loans and it was blocked by a court ruling.
He really could. Move all funding for record up keep to other departments. After a period of time the data would be so broken that lawyers could make the argument that the debt can no longer be serviced since no one knows what is owned.
Biden is definitely an institutionalist so he would never go about it that way.
The supreme court blocked Biden’s attempt at loan forgiveness two weeks ago
Well, they blocked his weak sauce attempt to forgive some of the debt, with a heavy dose of means testing to not forgive too much.
Biden has full authority through the 1965 Higher Education Act to wipe out all the student loan debt entirely. He could do that today. Of course he chooses not to / pretends he isn’t aware of this. What do you expect from Biden, who single-handedly brokered the deal in the 90s to make it impossible to declare bankruptcy due to student loan debt?
still not sure why the executive branch thinks it can make fiscal policy decisions, that’s the responsibility of the legislative branch
If the legislative has delegated the execution of certain fiscal policy to the executive, and given the executive certain bounds within which it can operate on that fiscal policy, then the executive is within its prerogative to do so.
The legislative branch has been abdicating power to the executive for some time due to its own consistent deadlock. I don’t think that’s a good thing, but it does mean the executive often ends up with some limited purse string control.
