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White House cancels $5 billion in student debt for 74k borrowers
(www.nbcnews.com)
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this post was submitted on 19 Jan 2024
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Well I'd rather the doctor drill a hole in my head to relieve brain swelling than have them wait for a MRSA vaccine/cure while I suffer and die
False equivalence much?
They aren't even giving people money which they could use, they are deleting debt - an imaginary number on a computer there to hold poor people hostage to benefit the rich.
Is not having the debt loom over you a huge relief? Of course it is, I've been in debt, I know the stress it creates.
Is it equivalent in urgency or impact to a life threatening medical condition? No. Especially when your solution is to just shift that life threatening condition on to someone else.
Unless you're also happy to shift a life threatening condition on to someone else too?
Either way, it's the epitome of the "fuck you got mine" mentality, and demonstrates why it's so fucking easy to placate you people - you only care about your own comfort, not the wellbeing of society.
I thought it was an apt metaphor, if an imperfect one. We can issue relief while also working to address the root of the issue, which is also what I was getting at with the analogy. The doctor treats the dangerous symptoms but that doesn't mean they aren't also prescribing antibiotics or that other doctors aren't working for cures etc.
That is to say, Biden is pulling the emergency release here with his hands tied. Real reform has to come via legislation, but relieving immediate debt is a good thing for those it impacts.
Also, it shifts the burden onto "someone else"? Don't these former students pay taxes? I'll happily relieve their debt with my tax dollars, but again that does not mean I think this is the final solution. It's merely a band aid
That’d only be true if people would have otherwise not taken out their new student loans, which seems highly unlikely.
Unless you’re worried about the poor wittle loan agencies.