Law Dems blocking Senate relief bill bc it doesn't cancel $10k of student debt

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Why are Republicans opposed to $10000 being wiped from student loans?

I'm not a Republican (never registered with a party) but I'll give my own reasoning. People who have student debt made investments in themselves so that they could put things on their resumes and get ahead of other people in the rat race. Cancelling their debt is a slap in the face to (1) people who didn't want that liability and (2) people who already paid off their student debt.
 
I realize that most of the people who cosigned this post would literally support anything the Republican Party put forward, even if it entailed immediate suffering for them and loved ones, because suffering physically is still easier than admitting one is an immature rube.

However, for the few others who aren't so pathetic (@MMAisGod and...err, @Gunny maybe?), please see the following:

The disastrous Senate GOP bill:

— Creates a $500,000,000,000 slush fund for corporations that *only* Treasury Secretary Steve Mnuchin has control over
— Doesn’t require reporting of recipients for six months, i.e. until after the election
— Provides no guarantee that Trump’s own businesses won’t benefit
— Has no worker protections and only one weak restriction on executive bonuses
— Provides only a one-time $1200 check and just $600 for those who need it most

Don’t listen to the pundits trying to spin this as a “partisan battle”. Senate Democrats were absolutely right to hold the line and reject this corporate bailout.

Instead of a $500 billion blank check to corporations, here’s what should be in the Senate bill:

— $2000 every two weeks to every adult for at least two months
— Universal unemployment insurance, with checks sent to *everyone* as early as next week
— Subsidize the states so they can get the unemployment checks out immediately
— Expanded Medicaid so that anybody who needs to go to the hospital is covered
— Money to help hospitals buy masks, ICUs, and ventilators

Don’t believe anybody who says this is complicated. Bail out people, not corporations.

The fact is that the GOP is exploiting a fucking national disaster to further loot the economy, because they know that Democrats will be coerced by reactionary public outcry to get something done. It's insanely slimy. This will just result in, yet again, just like everyone said the tax cuts bill would, in executive cashouts and stock buybacks.

I think the first bill paragraph is accurate. Imo that's the main thing wrong with the current proposal, that should be getting discussed/argued/etc by the senators. If not, you run the risk of "CEO got this giant amount for corporate company, but worker got this fractional amount". Can't have that. However, I disagree with some of that second paragraph as what is needed, but that would be debatable either way, and I would be fine to agree if it happened.

My bigger issue like I've been discussing with Jack, is that the main priority should be relief to the American people ASAP. If we have a bill that is going to give $350 bil directly to small business, hundreds of billions to hospitals, for healthcare, increasing unemployment by $600 a month per person, etc etc etc (there's many actual good things here), then we need to be working on fixing the stuff that's wrong (the smaller amount of the bill). Or let's work on passing the larger sections that we ALL agree on, while the other details are worked out. If we worked together on fixing that, this relief that many people really need right now would be in their hands by tomorrow. Instead, we're gonna go back to square one, rewriting it all over, and have two groups of powerful people shouting about their versions of the bill at each other for who knows how long, completely unfazed by the economic impact that others suffer through. McConnell and Pelosi can afford to play these games that many American people can't.

It's incredibly insane to imagine this scenario at a time like this, but that's what is most important to our representatives right now. One group willing to hold talks hostage until they can dictate their version of the plan, another saying they've done enough compromise so now the others need to get in line. Telling me these people have our best interests in mind right now is a hard sell. They're playing politics, with people's lives.
 
Maybe be wiser with your student loans? Just a thought.

Maybe be more wise with your savings, and you won’t need anything. Since you’re so well prepped you can donate your handout.
 
Has anyone actually read the bill? Republicans are packing horrible cronyism into the bill and giving more cash windfalls to corporations.

Ugh, @Jack V Savage please handle this
We don't get to see the bill, and neither side is indicating exactly how much is going into Health Care. If you happened to know of a link that shows the details of the bill, that would probably be helpful to all of us.
 
Thats only the part of the bill to keep people spending money. There's more aid in there than that.
Honestly its the only part of it that would make any difference for me.
Whats going to "keep us from sliding into the abyss" is making sure the economy doesn't totally fail.

I don’t think it’s going to be even close to enough. Maybe my brain is fried from the stress of what’s going on but I’m honestly at the point where I think this is all about buying just enough time, a few months at best, to loot the country before it collapses. Bare in mind that the virus itself is just barely starting to ramp up.

I hope to god I’m wrong but this is where I think things are headed. I feel physically sick watching this go down.
 
In case any of you liberals thought you were winning the public approval battle. Read these comments..






We are going to see a landslide in November.
 
Democrats are usually the ones agitating for safety nets and more government assisstance for society. They are opposed to this bill because the GOP is trying to slide in Corporate Bailouts with laxed oversight and rules. Democrats do NOT oppose the help for families, small business and struggling individuals, which is why you see people like Ilhan Omar supporting Trump. Giving money to the average Joe is a very Social Democratic / Bernie and Democrat policy.

--
Major sticking points remain as of Sunday night, however. Democrats want more funding for hospitals and health care workers across the country who have struggled with shortages of beds and protective gear. They’re also demanding a bigger expansion of unemployment benefits for workers who get fired due to the pandemic.

“Wall Street’s going to do just fine. They’ve always rebounded real well ... let’s take care of the people we’re asking to take care of us if we need them,” Sen. Joe Manchin, a conservative Democrat from West Virginia, said in a floor speech.


Democrats are also unhappy with the portion of the bill aimed at helping distressed industries with at least $450 billion in loans. The massive fund would be controlled by the Treasury Department and could include bailouts to hotels, casinos, cruise lines, and the oil and gas industry. It includes virtually no restrictions on how the money would be distributed, allowing properties owned directly by President Donald Trump to receive a bailout, for example, according to a Democratic aide familiar with the negotiations.


Another provision in the bill Democrats oppose would allow Mnuchin to delay publicly releasing the names of businesses that receive a bailout, as well as the amounts of those loans, for six months.


“We’re not here to create a slush fund for Donald Trump and his family, or a slush fund for the Treasury Department to be able to hand out to their friends,” Sen. Elizabeth Warren (D-Mass.) told reporters. “We’re here to help workers, we’re here to help hospitals. And right now what the Republicans proposed does neither of those.”
--

Maybee the GOP / White House shouldn't be trying to use this emergency to give money to the 1% with little restrictions and oversight....

https://www.huffpost.com/entry/coronavirus-senate-relief-bill_n_5e77d45fc5b63c3b6492a6a6

The article you posted seems to be indicting that big corporations will be getting loans they are required to pay back. I don't see a problem with that if it keeps jobs in the economy and they eventually pay it back. What we are not being told by either side is how much is being allocated to Health Care. I would like to know what that is. I bet it's not a small number.

https://forums.sherdog.com/threads/...snt-cancel-10k-of-student-debt.4096773/page-2

The total package includes about $2 trillion worth of proposals, including $350 billion for small businesses, a $500 billion chunk of the bill that can be used for loans to larger corporations including airlines or state and local governments, extensive corporate tax breaks and tax deferrals, and direct payments of $1,200 for middle-class and low-income Americans.
 
In case any of you liberals thought you were winning the public approval battle. Read these comments..






We are going to see a landslide in November.


Please tell me this is fake news.
 
Do you really think that giving Trump discretion to hand out $500B without accountability is a good response to what's going on? He came pretty close to admitting that he'd take a chunk of that for himself.
I believe it's actually $500 billion specifically for providing loans to corporations they later have to pay back. I believe the intention is to keep the lights on, so we don't lose our industries.

https://fortune.com/2020/03/23/coronavirus-bailout-bill-paralyzed-senate-corporate-aid/

The total package includes about $2 trillion worth of proposals, including $350 billion for small businesses, a $500 billion chunk of the bill that can be used for loans to larger corporations including airlines or state and local governments, extensive corporate tax breaks and tax deferrals, and direct payments of $1,200 for middle-class and low-income Americans.
 
I don't think people are against bailing out corporations. But there needs to be restrictions on how the money is used.
It's loans to keep big corporations afloat. They have to pay it back. Maybe they want flexibility because they don't know which industries will need it the most.
 
Things have changed from the outbreak and a lot of people aren’t working.

tough luck
whatever happened to free market?
again, what is a one time payment going to change? what after a month? what after 2 months? you going to keep handing out people money nilly willy?
all those who lost their jobs are free to find another
 
tough luck
whatever happened to free market?
again, what is a one time payment going to change? what after a month? what after 2 months? you going to
That’s a load of horse shit. You expect leadership to adapt to crisis situations. This isn’t routine life right now.
 
That’s a load of horse shit. You expect leadership to adapt to crisis situations. This isn’t routine life right now.

okay, how much do you think people should be given free money after 1200usd runs out for everyone (which will be after about 5 days)?

give the money to business so that they can pay their workers and not have to let anyone go - fuck freeloaders
 
When will Republicans wake the fuck up? For years and years, when Republicans are in power all they try to do is help the 1% and corporations. This is another example of this... trying to sneak in help for big business without looking out for the average Joe.

I've never understood why so many blue collar and lower and middle class workers support Republicans. They are trying to fuck you over.
 
I've said for a while now, I kick myself for working hard to pay off my student loans. What a fool I was, thinking I was doing the right thing.

exactly, and now government wants to hand out money for free to everyone
what a load of horse shit

total disrespect to the hard working americans everywhere
 
Maybe...but give me one good reason why they're trying to add in new emission standards for Airlines, to this bill?

The coronavirus is emissions related.

I'm not saying it is personally...just that it could be their line of thinking.

<Fedor23>
 
It's loans to keep big corporations afloat. They have to pay it back. Maybe they want flexibility because they don't know which industries will need it the most.

There need to be restrictions in this bill that the money be used on keeping the business going and paying employees. No stock buybacks. No enriching executive paychecks.

And I think it goes without saying that the money shouldn't be used on Trump's own businesses. It's a conflict of interest.
 
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