I explicitly blamed the people who set it up, and that account went off about how I’m blaming Biden.
I agree with you. There’s some nuance that’s being missed. Obviously Biden had nothing to do with a program that got signed into law in 2007.
You (and John Oliver, who’s rarely wrong) said that Biden paid the extra interest - which shouldn’t have existed if things were done right from the start. And this means less money for other loan forgiveness. That’s what Biden is being blamed for. Paying extra interest. Nothing else.
The catch here is that maybe Biden couldn’t have cancelled or reversed that interest without new legislation, which would be tough in these times due to the strong MAGA hold on the GOP half of Congress right now. Hence he had to work within the framework of existing laws and prioritized ending the suffering of his constituents first. On that basis, I figure it’s probably the right call overall, even if it means some scummy for-profits got a little bit fatter.
But the other commenter said,
And here you sit, just another asshole blaming Biden and Democrats for mess their predecessors went out of their way to create, because they didn’t clean it up instantly and perfectly.
Which is just highly inaccurate, as it was only one tiny aspect of the cleanup that was being questioned.
I agree with you. There’s some nuance that’s being missed. Obviously Biden had nothing to do with a program that got signed into law in 2007.
You (and John Oliver, who’s rarely wrong) said that Biden paid the extra interest - which shouldn’t have existed if things were done right from the start. And this means less money for other loan forgiveness. That’s what Biden is being blamed for. Paying extra interest. Nothing else.
The catch here is that maybe Biden couldn’t have cancelled or reversed that interest without new legislation, which would be tough in these times due to the strong MAGA hold on the GOP half of Congress right now. Hence he had to work within the framework of existing laws and prioritized ending the suffering of his constituents first. On that basis, I figure it’s probably the right call overall, even if it means some scummy for-profits got a little bit fatter.
But the other commenter said,
Which is just highly inaccurate, as it was only one tiny aspect of the cleanup that was being questioned.