SCOTUS on Student Loan 9 - 0

[Anonymous]

I don't think that forgiving student loans is the best policy idea for several reasons - but I think the power is clearly provided in the HEROES Act. Just as the EPA has the power to regulate wetlands as specified in the Clean Water Act.

Not a fan of the Supreme Court overruling the plain language of legislation just because.

[Anonymous]

Another good reason to vote for Biden because two highly likely SSC vacancies as Thomas and Alito are past 70. Hope springs eternal!

[Anonymous]

Anonymous wrote:I wonder if young people saddled with monthly loan payments will be in a position to start a family and afford the homes that older people are selling as they move on to the next stage of their life.

I'm an empty nester in a home I bought for around $600,000 in NoVA about 20 years ago. It is now worth over $900,000 and is inching up toward $1 mill. And it's old and needs a lot of work. My neighborhood tends to attract buyers in their 20s-30s who are starting a family (we are known to have good schools). Where are all these people who can afford a house close to $1 mill. going to come from?

Most people with loans have manageable loans. It is only a small minority with excessive loans and those tend to be in higher paying professions. Your market isn't affected as most aren't either. Too much histrionics going on.

[Anonymous]

Anonymous wrote:Republicans don’t like student loan forgiveness so the republicans on the Supreme Court struck it down. Just more partisan decisions. Nothing surprising.

No. Republicans have said all along that what Biden did was unConstitutional. Even Pelosi said the same (before she jumped on board the unConstitutional band wagon).
We just knew that is was executive overreach. Just like the rent moratorium.

These kinds of things need to go through Congress. He cannot unilaterally make such moves. Especially when it involves billions, if not trillions, of tax payer dollars.

[Anonymous]

Anonymous wrote:I don't think that forgiving student loans is the best policy idea for several reasons - but I think the power is clearly provided in the HEROES Act. Just as the EPA has the power to regulate wetlands as specified in the Clean Water Act.

Not a fan of the Supreme Court overruling the plain language of legislation just because.

They are no longer doing law. They just vote for their policy preferences. They’ve appointed themselves as a super congress.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Republicans don’t like student loan forgiveness so the republicans on the Supreme Court struck it down. Just more partisan decisions. Nothing surprising.

No. Republicans have said all along that what Biden did was unConstitutional. Even Pelosi said the same (before she jumped on board the unConstitutional band wagon).
We just knew that is was executive overreach. Just like the rent moratorium.

These kinds of things need to go through Congress. He cannot unilaterally make such moves. Especially when it involves billions, if not trillions, of tax payer dollars.

Congress already did this kind of thing. The Supremes overruled them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Republicans don’t like student loan forgiveness so the republicans on the Supreme Court struck it down. Just more partisan decisions. Nothing surprising.

No. Republicans have said all along that what Biden did was unConstitutional. Even Pelosi said the same (before she jumped on board the unConstitutional band wagon).
We just knew that is was executive overreach. Just like the rent moratorium.

These kinds of things need to go through Congress. He cannot unilaterally make such moves. Especially when it involves billions, if not trillions, of tax payer dollars.

It did go through congress. The Heroes Act was passed by congress. But scotus made up a new rule a couple years ago called the major questions doctrine so that it can ignore laws it doesn’t like.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans don’t like student loan forgiveness so the republicans on the Supreme Court struck it down. Just more partisan decisions. Nothing surprising.

No. Republicans have said all along that what Biden did was unConstitutional. Even Pelosi said the same (before she jumped on board the unConstitutional band wagon).
We just knew that is was executive overreach. Just like the rent moratorium.

These kinds of things need to go through Congress. He cannot unilaterally make such moves. Especially when it involves billions, if not trillions, of tax payer dollars.

Congress already did this kind of thing. The Supremes overruled them.

Congress voted AGAINST loan forgiveness. Biden vetoed it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans don’t like student loan forgiveness so the republicans on the Supreme Court struck it down. Just more partisan decisions. Nothing surprising.

No. Republicans have said all along that what Biden did was unConstitutional. Even Pelosi said the same (before she jumped on board the unConstitutional band wagon).
We just knew that is was executive overreach. Just like the rent moratorium.

These kinds of things need to go through Congress. He cannot unilaterally make such moves. Especially when it involves billions, if not trillions, of tax payer dollars.

It did go through congress. The Heroes Act was passed by congress. But scotus made up a new rule a couple years ago called the major questions doctrine so that it can ignore laws it doesn’t like.

The HEROES Doctrine does not apply to Biden's overreach.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans don’t like student loan forgiveness so the republicans on the Supreme Court struck it down. Just more partisan decisions. Nothing surprising.

No. Republicans have said all along that what Biden did was unConstitutional. Even Pelosi said the same (before she jumped on board the unConstitutional band wagon).
We just knew that is was executive overreach. Just like the rent moratorium.

These kinds of things need to go through Congress. He cannot unilaterally make such moves. Especially when it involves billions, if not trillions, of tax payer dollars.

It did go through congress. The Heroes Act was passed by congress. But scotus made up a new rule a couple years ago called the major questions doctrine so that it can ignore laws it doesn’t like.

The HEROES Doctrine does not apply to Biden's overreach.

Read it. It does.

[Anonymous]

Anonymous wrote:I don't think that forgiving student loans is the best policy idea for several reasons - but I think the power is clearly provided in the HEROES Act. Just as the EPA has the power to regulate wetlands as specified in the Clean Water Act.

Not a fan of the Supreme Court overruling the plain language of legislation just because.

This is my problem also.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans don’t like student loan forgiveness so the republicans on the Supreme Court struck it down. Just more partisan decisions. Nothing surprising.

No. Republicans have said all along that what Biden did was unConstitutional. Even Pelosi said the same (before she jumped on board the unConstitutional band wagon).
We just knew that is was executive overreach. Just like the rent moratorium.

These kinds of things need to go through Congress. He cannot unilaterally make such moves. Especially when it involves billions, if not trillions, of tax payer dollars.

It did go through congress. The Heroes Act was passed by congress. But scotus made up a new rule a couple years ago called the major questions doctrine so that it can ignore laws it doesn’t like.

The HEROES Doctrine does not apply to Biden's overreach.

Read it. It does.

Well, you're not getting your loan forgiven.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wonder if young people saddled with monthly loan payments will be in a position to start a family and afford the homes that older people are selling as they move on to the next stage of their life.

I'm an empty nester in a home I bought for around $600,000 in NoVA about 20 years ago. It is now worth over $900,000 and is inching up toward $1 mill. And it's old and needs a lot of work. My neighborhood tends to attract buyers in their 20s-30s who are starting a family (we are known to have good schools). Where are all these people who can afford a house close to $1 mill. going to come from?

Most people with loans have manageable loans. It is only a small minority with excessive loans and those tend to be in higher paying professions. Your market isn't affected as most aren't either. Too much histrionics going on.

Actually, "The Federal Reserve reports that the median student debt for all borrowers in 2022 was between $20,000 and $24,999. That means about half of student loan borrowers owe more than that, and half owe less." I don't know about you, but it seems to me that when half of all college grads are starting adult life with loans above $25,000, it's going to be a while before they can afford to become homeowners.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans don’t like student loan forgiveness so the republicans on the Supreme Court struck it down. Just more partisan decisions. Nothing surprising.

No. Republicans have said all along that what Biden did was unConstitutional. Even Pelosi said the same (before she jumped on board the unConstitutional band wagon).
We just knew that is was executive overreach. Just like the rent moratorium.

These kinds of things need to go through Congress. He cannot unilaterally make such moves. Especially when it involves billions, if not trillions, of tax payer dollars.

It did go through congress. The Heroes Act was passed by congress. But scotus made up a new rule a couple years ago called the major questions doctrine so that it can ignore laws it doesn’t like.

The HEROES Doctrine does not apply to Biden's overreach.

Read it. It does.

Well, you're not getting your loan forgiven.

That's your best response? FWIW, no, I'm not getting my loan forgiven because I already paid it off. That doesn't change the language of the HEROES Act, though, one way or the other.

[Anonymous]

You mean I don’t have to pay for some millennial’s Masters degree in sustainability? Thank you SC!