A federal judge dismissed a lawsuit brought by two conservative groups intended to halt the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers. In an…

A federal judge dismissed a lawsuit brought by two conservative groups intended to halt the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.

  • circuitfarmer@lemmy.sdf.org
    312·
    1 year ago

    Why tf do conservatives hate the students of America? There is little room for the US to compete on the world stage if no one (but nepo-babies) can afford to be educated here.

    • afraid_of_zombies@lemmy.world
      201·
      1 year ago

      1. It is denying the Democrats a win.

      2. Their districts are less educated so it doesn’t impact them as much

      3. It gets them redhatter votes

      You are right, long term policies like this are going to cripple our ability to compete. At a certain point we won’t be able to just depend on a stream of educated immigrants and kids of the super rich.

      Edit: you can also read what they claimed in the suit

      Adjustment will “extinguish the incentive for nearly a million student-loan borrowers to seek debt forgiveness through PSLF and thus will disadvantage [Plaintiffs] in the market to recruit and retain” borrowers as employees

      They won’t be able to get workers if workers have less debt. Don’t even try to hide it sometimes.

    • sndmn@lemmy.ca
      181·
      1 year ago

      The more people are educated, the less they are conservative.

    • Psythik@lemm.ee
      62·
      1 year ago

      Because you have to keep the voters uneducated since only stupid people vote Republican.

    • ilickfrogs@lemmy.world
      21·
      1 year ago

      Because there’s 2 types of conservatives, the rich and greedy self centered ass hats who don’t need an education. And then the stupid people. They’d be throwing away a part of their base if they allowed them to learn.

  • afraid_of_zombies@lemmy.world
    211·
    1 year ago

    CATO backed the suit and their board of directors is about half bankers or former bankers. This isn’t even the first time they tried this, back October last year.

    They couldn’t win in public opinion, they couldn’t win by lobbying, so they tried it in court. They failed completely to demonstrate that they had any standing to bring this case.

    They also claim to be libertarian. Just something to remember the next time people tell you that there is a difference between the two.

    • surewhynotlem@lemmy.world
      1·
      1 year ago

      Don’t you know? You don’t need standing anymore. You only need imaginary hypothetical possible standing.

      Or maybe that just applies to wedding website developers. I’m not clear on the case law.

    • thefartographer@lemm.ee
      82·
      1 year ago

      Beep boop bitch, here’s the gist to this jazz:

      Biden tried to secure $39 billion for student loan relief and a couple of bitch-ass nonprofits were like, “ouch! Our money!” The judge finally told them to shut the fuck up all like, “damn, you dumbasses weren’t even all that injured. Y’all flop more than Tony Parker in a breezy corridor.” The judge dismissed their whining without prejudice, which means these sharp-farters could try being little tattling shits again if they can prove real damage. The judge was like, “listen here dick-lips! Even if you could prove you were injured you gotta prove it was because of the loan forgiveness, not just say it was, shit-for-brains.”

      Then the Department of Education was all like, “WE’LL NEVER FUCKING STOP FIGHTING FOR THE FINANCIAL RIGHTS OF THOSE FUCKED BY INSTITUTIONALIZED POVERTY!”

      How was my summary? I’m pretending to be a bot, so go fuck yourself. Report any issues here.