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Its an interesting piece of legislation to see, and strongly implies former senator Joe Bidens initial student debt legislation was beginning to have seriously
by nimbius 5y ago
Its an interesting piece of legislation to see, and strongly implies former senator Joe Bidens initial student debt legislation was beginning to have seriously negative repercussions at the federal level for employee retention and hiring not even 5 years into its inception.
Back in 2005 Biden supported and stumped for a bill that stripped students of bankruptcy protections and led the country into a 1.7 trillion dollar student debt crisis. Watching President Joe Biden offer token debt forgiveness in 2022 is a little bit infuriating to watch as he could easily have spent the last seventeen years working to reform his mistake. If i had to weigh in on the sudden rise of student debt forgiveness under the current administration id say its political. inflation, gas prices, housing shortages, and supply chain issues have made it all the more practical to take action now and shore up the old midterm voter appeal.
- gamblor956 5y agoIf you had actually read the article, you would have seen that the loans were forgiven under a student loan forgiveness program introduced in 2007.
- nimbius 5y agoi read the article. the point im making is that the federal government enacted forgiveness for its employees only 2 years after the 2005 reform to make discharging student loans impossible. you can learn more about the 2005 bankruptcy reform act here: https://www.lawb.uscourts.gov/bankruptcy-reform-act-2005 https://www.lawb.uscourts.gov/bankruptcy-reform-act-2005