The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history and affects tens of millions of borrowers.

Of course they did. If you’re rich, you get a bailout. If you’re not, then fuck you.

  •  Cylinsier   ( @Cylinsier@beehaw.org ) 
    50•1 year ago

    The lesson here is don’t let Republicans into power ever. Just 4 years of a pretty ineffective and incompetent Republican administration has still managed to set this country back decades and the damage is going to keep coming. And if you want to mitigate it, I can’t promise Democratic majorities will do so efficiently or quickly because it really depends on which Democrats get picked in the primaries whether or not a hypothetical majority of them will be motivated to address stuff like this in a quick fashion. But I can promise you if we let Republicans hold onto any branch of government or regain all of them, then it definitely will not get addressed and in fact the next Republican administration will make this stuff look tame in comparison. We’re in for a tough decade or two, time we will not get back, because of 2016. All we can do is make sure it doesn’t happen again and try to make it so our kids aren’t still mopping up this same mess when it’s their turn.

    •  EthicalAI   ( @EthicalAI@beehaw.org ) 
      6•1 year ago

      Dude, between this and Roe v Wade, anti trans bills, really everything Millenials - Gen Z better vote like their lives depend on it every fucking year. It’s really clear who the bad guys are.

    •  AngrilyEatingMuffins   ( @AngrilyEatingMuffins@kbin.social ) 
      2•1 year ago

      I mean you’ve just described a system that will necessarily fail. If four years of tenuous republican control can bring us back 15 years and the dems having the largest supermajority since reconstruction got us a right wing health care bill I doubt the dens can bring us 16 years into the future. So inevitably we’re going to decline.

      It’s time for a revolution, let’s stop pretending

  •  gabuwu   ( @gabuwu@beehaw.org ) English
    20•1 year ago

    This was to be expected like most other decisions that came out today but still disappointing nonetheless. Only serves to show just how much public confidence for the US supreme court as a viable institution has gone out the window due to how little surprise there is.

    •  kool_newt   ( @kool_newt@beehaw.org ) English
      5•1 year ago

      The lesson I get from this is that forward progressive movement is not be expected from government, it must be done via direct action. At best government (and by extension, voting) can blunt the regressive movement from other more extreme parts of itself.

      tl;dr Vote to keep the fascists at bay, not expecting change.

      •  EthicalAI   ( @EthicalAI@beehaw.org ) English
        3•1 year ago

        This and, use it to prove to your Republican friends and family, and even your democratic friends and family, how the US is structurally capitalist. It’s not just a happenstance. Capitalists can fund elections, which is how people get in office. They can fund representatives in other ways. They buy stuff for judges. The US bails out, funds, and forgives businesses and not people. Buisness owners leech value from their employees, and that is structurally maintained by US business code. The history is in slave ownership, theft from natives, colonialism, and the maintenance of monarchy-derived capital, and the government system itself is derived to prevent direct-democracy so the poors cant out number the rich.

        I can’t believe how it took me to my 30s to realize this, give them time.

  •  dhork   ( @dhork@beehaw.org ) 
    15•1 year ago

    As shitty as this outcome is, it gave 45 million Americans, in a demographic that is not as politically active as their older counterparts, a good reason to turn out and vote in 2024.

  •  AJ Young   ( @AJYoung@beehaw.org ) 
    11•1 year ago

    I’m sooooo disappointed, but also sooooo not surprised.

    Legally, Biden did have weak legal ground, but also legally then the decision shouldn’t have been allowed because the states who sued had, with unanimous decision by the Supreme Court, no legal ground at all.

    NPR reports that the Biden admin will have a response and plan announced soon.