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Here’s the fact sheet for the first cancellation move: https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/
$5-10k for lower- and middle-income borrowers. The legal challenge was that this was discriminatory (and it was.)
If the first action the Biden administration took was to cancel all the student debt the federal government guaranteed, the legal challenge would have fallen flat because the “injured parties” would not have been injured. Instead we’ve gotten this piecemeal bullshit designed to appease voters who are justifiably angry with the Biden administration but will have minimal impact on the actual problem of student debt or availability of higher education.
I see. So do you think it was intentional?
I do. One of Biden’s longest-running bases of support is the financial industry, and any move that might suggest debt shouldn’t be a fact of life will scare the banks. In a more general sense, Biden is as much a machine democrat as Hillary Clinton, and for them anything that might disrupt the status quo is an absolute no-go. Student debt forgiveness for all would be a massive shock to the status quo.
That's too conspiratorial for me. I'd have to see evidence of some kind other than past associations.
Thats the problem with politics pretty much anywhere. You rarely get anyone spelling out their actual motives. For an example of what it sounds like when a political strategist speaks openly, google “Lee Atwater southern strategy.”
All politicians talk and think like that, it’s just they’re usually really good about hiding it.