“If student loan companies are cutting corners or sidestepping the law, this can pose serious risks to individuals and the economy,” the CFPB said.
  • Garbanzo@lemmy.worldEnglish
    14·
    10 months ago

    Nothing?

    Fourteenth Amendment, Section 4:

    The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.

    What the fuck is that then?

    • TherouxSonfeir@lemm.ee
      6·
      10 months ago

      This passage is from the Fourteenth Amendment of the United States Constitution, specifically from Section 4. It addresses the issue of public debt, asserting that the debt of the United States government should be considered valid and unquestionable if it was authorized by law. This includes debts incurred for various governmental obligations, such as paying pensions and bounties related to services for suppressing insurrections or rebellions. This clause was primarily included in response to the debts incurred by the United States during the Civil War. It was meant to ensure that the debts the Union took on to finance its war efforts against the Confederacy would be honored, while simultaneously casting doubt on the legitimacy of the debts incurred by the Confederacy. Essentially, it was a guarantee that the United States would honor its financial obligations and a statement against the financial claims of the Confederacy.

      So, I’m not sure how this has anything to do with student debt, as it doesn’t relate to citizens at all. Or is this one of those Republican things where you interpret text to mean whatever you want it to mean, thump thump.

      • Garbanzo@lemmy.worldEnglish
        16·
        10 months ago

        It has nothing to do with student debt, it’s relevant to the Republicans trying to use not paying existing obligations as a negotiating tactic. The fact that you don’t get that demonstrates you have little to add to this discussion.

        • TherouxSonfeir@lemm.ee
          31·
          10 months ago

          The post is about student debt. I assumed you were talking about the topic of the post. Are you just randomly blabbering?

          Republicans using this to argue against forgiving student debt is ridiculous AS YOU SAID, it has nothing to do with student debt.

          Are you handing me this win?

          • Garbanzo@lemmy.worldEnglish
            14·
            10 months ago

            Handing you a win? Bro, you can’t even follow a thread with enough comprehension to grasp what’s being discussed.

              • Garbanzo@lemmy.worldEnglish
                1·
                10 months ago

                mwguy said it’s fair to blame Biden for giving up on the student loan issue for concessions to keep the government open

                You asked if it would be more accurate to say that Republicans forced Biden to give up, so they are to blame

                I said that the Constitution doesn’t allow Congress to decide not to pay national debts, so Biden could have played hardball, but he didn’t, so it’s still fair to blame Biden

                You got all butthurt about not knowing what’s in the Constitution and couldn’t follow what I was even talking about, and here we are.