Reply
  • Undecided

    Biden giving Soros the medal of freedom sets the stage for Trump giving it to Elon

    A true American hero!!!

  • 4 Years Later

    The US is the strongest economy in the world. If the 46th President's domestic agenda is allowed to cook, the economic gains from those investments could be felt throughout the next decade.

    Biden’s presidency was defined by ambitious economic policies and infrastructure investments, but struggled with major social reforms and growing voter dissatisfaction. Despite early wins, including the American Rescue Plan and Inflation Reduction Act, his approval dropped as divisions within the Democratic Party deepened. In 2024, Biden was pushed out by his own party, leading to Trump’s return to the White House in a bitterly contested election.

    “Despite his best intentions, Biden was unable to stem the orange tide of Trump’s resurgent, angry populism rooted in economic discontent. Instead of turning the page on the MAGA Movement, Biden will be seen as a productive interlude, a relative calm before the Trump storm surge returned.”

    TIME


    Conclusion of Bidenomics

    • Recession predicted in 2022 never happened

    • Inflation brought down to 2% with soft landing

    • Unemployment under 3%

    • Manufacturing construction up 400% over 2018-2020

    • More than 334,000 clean energy jobs created by the Inflation Reduction Act

    • Minimum wage increased to/over $15 in 15 states

    • $35 Billion in Student Loans forgiven for over 1 million borrowers

    • 21 million new business applications since 2021— more than during any other presidential administration on record


    Inflation soft landing achieved in Summer 2024, hitting the Fed's target of 2%


    Manufacturing construction up 400% over 2018-2020

    BESPOKE: “.. In inflation-adjusted terms, the current pace of US factory investment dwarfs any prior period. Dating back to 1929, there's never been a period of factory construction activity even close to what we're seeing today.”

    In two years, Inflation Reduction Act has created more than 334,000 clean energy jobs

  • Minimum Wage

    States That Have Increased the Minimum Wage or Scheduled Increases (2021-2025)

    1. California:

    • 2023: Raised minimum wage to $15.50/hour statewide (for employers with 26 or more workers).
    • 2024: Scheduled increase to $16/hour for large employers.
    • Automatic Increase: Increases tied to inflation for smaller employers (under 25 workers).

    2. New York:

    • 2023: Minimum wage in New York City is $15/hour (no change).
    • Upstate New York: Increased to $14.20/hour in 2023 with a plan to reach $15/hour by 2024.
    • Future: Some counties are pushing for regional minimum wages above the state level.

    3. Florida:

    • 2021: Voters approved raising the minimum wage to $15/hour by 2026.
    • 2023: Minimum wage increased to $12/hour.
    • Future: Scheduled to increase by $1 per year until it reaches $15 by 2026.

    4. Michigan:

    • 2023: Minimum wage raised to $13.03/hour.
    • Future: Scheduled increases to $15/hour by 2027.

    5. Arizona:

    • 2023: Raised to $13.85/hour.
    • Future: Scheduled to reach $15/hour by 2025.

    6. Nevada:

    • 2024: Minimum wage will increase to $12/hour.
    • Future: Scheduled to continue gradual increases toward $15/hour by 2026.

    7. Colorado:

    • 2023: Raised to $15.00/hour.
    • 2024: Scheduled increase to $15.50/hour.
    • Future: Indexed to inflation starting in 2025.

    8. Oregon:

    • 2023: Raised to $15.74/hour.
    • 2024: Scheduled increase (due to cost-of-living adjustments) to $16/hour.
    • Future: Increases tied to inflation in future years.

    9. Minnesota:

    • 2023: Raised to $15.00/hour for large employers.
    • Future: No further scheduled increases, but indexed to inflation for smaller employers.

    10. Illinois:

    • 2021: Minimum wage raised to $12/hour.
    • 2023: Increased to $13/hour.
    • 2025: Scheduled increase to $15/hour.

    11. New Jersey:

    • 2023: Raised to $14.13/hour.
    • 2024: Scheduled to increase to $15/hour.

    12. Rhode Island:

    • 2023: Raised to $14.25/hour.
    • 2024: Scheduled increase to $15/hour.

    13. Connecticut:

    • 2023: Raised to $15/hour.

    14. Virginia:

    • 2021: Raised to $12/hour.
    • 2025: Scheduled to reach $15/hour.

    Cities That Have Raised the Minimum Wage or Scheduled Increases (2021-2025)

    1. San Francisco, CA:

    • 2023: Minimum wage raised to $16.99/hour.
    • Future: Scheduled increases based on inflation.

    2. Seattle, WA:

    • 2023: Raised to $18.69/hour for large employers (with less for small employers).
    • Future: Will continue to increase in alignment with the cost of living.

    3. Los Angeles, CA:

    • 2023: Minimum wage raised to $16.78/hour for large employers.
    • 2024: Scheduled to increase to $17/hour.

    4. Washington, D.C.:

    • 2023: Raised to $16.10/hour.
    • Future: Increases based on the Consumer Price Index (CPI), so wages may continue rising.

    5. New York City, NY:

    • 2023: Minimum wage remains $15/hour.
    • Future: There are discussions for increases beyond $15/hour, but currently no formal schedules.

    6. Denver, CO:

    • 2023: Raised to $17.29/hour for large employers.
    • Future: Tied to inflation for further increases.

    7. Portland, OR:

    • 2023: Minimum wage raised to $15.45/hour.
    • 2024: Scheduled to increase to $16.00/hour.

    8. Chicago, IL:

    • 2021: Raised to $15/hour for large employers.
    • 2024: Scheduled increase to $16/hour.

    9. Phoenix, AZ:

    • 2023: Minimum wage raised to $15.00/hour.

    10. Boston, MA:
    - 2023: Raised to $15.00/hour.
    - Future: Expected increases due to inflation adjustments.

    11. Miami-Dade County, FL:
    - 2023: Raised to $15/hour (following the state’s gradual increases).
    - Future: Continue increasing until $15/hour in 2026.

    12. Austin, TX:
    - 2022: Voters approved an increase to $15/hour for city employees, with some private employers adopting similar pay.

    13. Baltimore, MD:
    - 2023: Raised to $15/hour for large employers.
    - Future: Indexed to inflation for future increases.


    Summary of Increases from 2021 to 2025

    • States: At least 15 states have either raised the minimum wage between 2021 and 2024, or have scheduled future increases up to 2025 (some reaching $15/hour or higher). Notable states include California, Florida, New York, Michigan, Illinois, and New Jersey.

    • Cities: Major cities like Seattle, San Francisco, Los Angeles, Washington D.C., and New York City have implemented increases, with several adopting inflation-linked adjustments moving forward.

    • Automatic Increases: States like Washington, Oregon, Colorado, and New York have automatic increases tied to inflation, meaning wages will continue to rise in the coming years without new legislation.


    Sources:

  • Jan 20
    ·
    2 replies

    Student Loan Forgiveness

    From 2021-2024, the Biden administration has significantly expanded and streamlined student loan forgiveness programs:

    • 1 million+ borrowers received loan forgiveness under programs like Public Service Loan Forgiveness (PSLF), Income-Driven Repayment (IDR) forgiveness, and Borrower Defense to Repayment.
    • The total amount forgiven exceeds $35 billion.
    • 20 million borrowers were poised to receive debt cancellation under Biden's original broad $10,000 forgiveness plan, but it was blocked by the U.S. Supreme Court in 2023.

    1. Public Service Loan Forgiveness (PSLF)

    Overview:

    PSLF allows borrowers who work in qualifying public service jobs (e.g., government, non-profits, education, and healthcare) to have their federal student loans forgiven after making 120 qualifying payments (10 years of payments).

    Biden Administration Actions:

    • Temporary Waiver: In 2021, the Biden administration launched a temporary PSLF waiver, which allowed borrowers to receive credit for payments that didn’t normally qualify for PSLF, such as payments made under non-qualifying repayment plans or when the borrower was on forbearance or deferment.

    Key Numbers:

    • Over 500,000 borrowers had PSLF forgiveness approved by early 2024 due to the temporary waiver.
    • More than $17 billion in debt was forgiven through the PSLF program by early 2024 (source: U.S. Department of Education).
    • The temporary waiver alone resulted in approximately 80,000 borrowers receiving over $5 billion in forgiveness between October 2021 and October 2022.

    2. Income-Driven Repayment (IDR) Forgiveness

    Overview:

    IDR plans allow borrowers to make payments based on their income and family size, with any remaining debt forgiven after 20 to 25 years of qualifying payments.

    Biden Administration Actions:

    • IDR Adjustments: The Biden administration made significant changes to IDR plans, including counting more payments towards forgiveness (such as past payments made under non-IDR plans or periods of forbearance/deferment). This has resulted in a wave of new forgiveness approvals.

    Key Numbers:

    • Over 100,000 borrowers saw debt forgiven under the IDR forgiveness adjustments by 2024.
    • The Debt Forgiveness for Income-Driven Repayment (IDR) was part of a broader move to streamline and simplify the program, increasing the number of qualifying payments for many borrowers who had been paying under IDR for years.
    • $6 billion was forgiven through these changes by early 2024 (source: U.S. Department of Education).

    3. The Student Loan Forgiveness Program (Broad Cancellation)

    Overview:

    This is the controversial plan that President Biden announced in August 2022, aiming to forgive up to $10,000 in federal student loan debt for borrowers earning less than $125,000 ($250,000 for married couples), with an additional $10,000 for Pell Grant recipients.

    Legal Challenges and Status:

    • Supreme Court Decision: The U.S. Supreme Court struck down the Biden administration's original student loan cancellation plan in June 2023 (6-3 decision), blocking the cancellation of loans for 20 million people who were set to benefit.
    • Next Steps: In response, the Biden administration shifted focus toward expanding IDR forgiveness and introducing new income-driven repayment (IDR) plans, which would lead to greater loan forgiveness over time.

    Key Numbers:

    • 20 million borrowers were set to receive $10,000 in forgiveness under the original plan.
    • As of 2024, no direct student loan cancellation has occurred under Biden's broad plan due to the court ruling, but efforts to forgive loans through IDR plans and PSLF continue.

    4. Cancellation for Defrauded Borrowers and Borrowers with Disabilities

    Overview:

    • Borrowers Defrauded by Schools: Under Borrower Defense to Repayment, borrowers who were defrauded by their schools (e.g., for-profit colleges that misled students) are eligible for full loan forgiveness.
    • Total and Permanent Disability (TPD): Borrowers who are totally and permanently disabled are eligible for forgiveness of federal student loans.

    Biden Administration Actions:

    • The Biden administration has accelerated the Borrower Defense to Repayment process, approving claims for students defrauded by institutions like Corinthian Colleges, ITT Technical Institute, and Westwood College.
    • The administration has also expanded access to loan forgiveness for disabled borrowers by simplifying the application process.

    Key Numbers:

    • $9 billion was forgiven for 350,000 borrowers under the Borrower Defense to Repayment program from 2021 to 2024.
    • Over 300,000 borrowers with total and permanent disabilities saw their loans discharged, totaling approximately $10 billion in forgiveness.

    5. Other Forgiveness Programs (Veterans, Teachers, etc.)

    Overview:

    • Teacher Loan Forgiveness: Teachers who work in low-income schools for five consecutive years may have up to $17,500 of their student loan debt forgiven.
    • Veteran Loan Forgiveness: The Department of Veterans Affairs provides loan forgiveness for veterans with disabilities or under other specific conditions.

    Key Numbers:

    • The Biden administration has streamlined access to these programs and accelerated approvals, although specific numbers are harder to track annually. The total forgiven under these various programs is estimated at several billion dollars each year.

    Total Number of People with Forgiveness (2021-2024):

    • Total number of borrowers impacted by the Biden administration's forgiveness programs (including PSLF, IDR, borrower defense, and disabilities): Over 1 million borrowers had their loans forgiven or significantly reduced by early 2024.
    • Total amount of student debt forgiven under Biden's efforts: $35+ billion (including $17 billion in PSLF, $6 billion in IDR adjustments, and $9 billion in borrower defense to repayment).

    Key Sources:

  • monza sp1 x
    · edited
    Part 2: What Got Done
    Economy

    American Rescue Plan (March 2021)

    • Provided $1,400 direct payments, expanded child tax credits, and included measures to support small businesses and state/local governments.
    • Impact:
      • Reduced poverty by 30% in 2021 (CBPP).
      • Poverty rate dropped from 11.8% in 2020 to 9.1% in 2021 (Census Bureau).

    Infrastructure Investment and Jobs Act (November 2021)

    • $1.2 trillion total, $550 billion in new spending.
    • $110 billion for roads, bridges, and major projects.
    • $39 billion for public transit.
    • $65 billion for broadband internet expansion.
    • $55 billion for water systems, including lead pipe replacement.
    • Estimated 2 million jobs created over the next decade (White House).

    Inflation Reduction Act (August 2022)

    • $750 billion total.
    • $370 billion for clean energy investments.
    • Prescription d*** reforms: Medicare can negotiate prices for some d****, cap insulin costs at $35/month.
    • Corporate tax reform: 15% minimum tax on corporations making over $1 billion.
    • Impact:
      • Expected 40% emissions reduction by 2030 (EPA).
      • Medicare savings of $288 billion over 10 years (CBO).

    Expanded Child Tax Credit (2021)

    • Expanded Child Tax Credit for 2021 to $3,600 for children under 6, $3,000 for older children.
    • Direct monthly payments to families (up to $300/month per child).
    • Impact: Reduced child poverty by 30% (CBPP), lifting 4.3 million children out of poverty.

    Labor & Workers' Rights
    • $15/hour minimum wage for federal contractors (2021 Executive Order).

    • Executive orders strengthening union labor for federal projects (2021–2023).

    • Passed a $36 billion bailout to save the pensions of some 350,000 Teamster members under the American Rescue Plan's Special Financial Assistance Program.

    • Advocated for union rights at Amazon and Starbucks.

    • Became the first sitting U.S. President to walk a union picket line, joining striking auto workers in Detroit (September 2023).


    Climate & Environment
    • Rejoined Paris Climate Agreement (January 2021)

    Inflation Reduction Act (Climate Provisions)

    • $370 billion investment in clean energy, electric vehicles, and renewable energy infrastructure.
    • Impact:
      • Estimated 40% reduction in U.S. carbon emissions by 2030 (EPA).
      • 100,000 jobs created in the clean energy sector.

    Climate and Environmental Justice Initiatives

    • $3 billion for climate resilience in underserved communities (EPA).
    • Investments in clean energy for disadvantaged areas.


    Healthcare

    COVID-19 Vaccine Rollout

    • 200 million vaccine doses administered within the first 100 days of Biden's presidency.
    • Impact:
      • Over 70% of adults had received at least one dose by December 2021. - Contributed to the decline of COVID-19 cases and hospitalizations.

    ACA Expansion (American Rescue Plan)

    • Enhanced subsidies on ACA health plans.
    • New premium assistance for families making between 100% and 400% of the federal poverty level.
    • Impact:
      • 3 million more insured Americans (HHS).
      • Premium reduction of $50–$100/month for most families (HHS).

    Prescription D*** Reforms (Inflation Reduction Act)

    • $35/month cap on insulin for Medicare recipients.
    • Medicare can negotiate for high-cost d****.
    • Impact:
      • 13 million seniors to benefit from d*** price reductions (White House).

    PACT Act (August 2022)

    • Expanded healthcare and benefits for veterans exposed to toxic substances during service.


    Criminal Justice & Policing
    • Pardoned all prior federal offenses of simple marijuana possession, signaling a shift in federal d*** policy.

    Police Reform Executive Order (2022)

    • Established a national database for police misconduct.
    • Banned chokeholds by federal officers and restricted no-knock warrants.
    • Impact: Improved accountability and oversight of federal law enforcement agencies.

    First Step Act Implementation

    • Expanded prison reform programs (vocational training, early release for non-violent offenses).
    • Focused on reducing recidivism.
    • Impact:
      • 1,800 inmates released from federal prison due to reforms (DOJ).
      • $200 million saved in reduced incarceration costs (Bureau of Prisons).

    Bipartisan Safer Communities Act (June 2022)

    • First major federal gun safety legislation in nearly 30 years.
    • Enhanced background checks for younger buyers and supported red-flag laws.


    Civil Rights & Social Justice
    • Issued an executive order to advance racial equity and support for underserved communities across the federal government. (January 2021)

    • Respect for Marriage Act (December 2022)

      • Codified federal recognition of same-sex and interracial marriages.
    • The first majority non-white Cabinet in U.S. history, with most women, including the first female Treasury Secretary and the first LGBTQ+ and Native American Cabinet officials.

    • Kamala Harris became the first woman, first Black woman, and first South Asian woman to serve as Vice President (2020).

    • Ketanji Brown Jackson was nominated and confirmed in 2022 as the first Black woman to serve on the Supreme Court.

    • Issued an executive order to phase out the federal criminal system’s use of for-profit prisons by the federal Bureau of Prisons. (January 2021)

    This was an important step toward stemming the flow of federal money to corporations that lock people up for profit. The executive order covered both the Federal Bureau of Prisons, which holds people convicted of crimes, and the U.S. Marshals Service, which holds people while they await trial or await transfer to a federal prison after sentencing. However, it left out the federal government’s heavy use of for-profit immigration detention facilities, which are rife with abuse, unsanitary conditions, and overcrowding.

    ...

    The Bureau of Prisons followed the executive order and has closed all of its for-profit prisons. The Marshals Service has not. An ACLU a***ysis of documents produced in response to a Freedom of Information Act request shows that, despite the executive order, the Marshals Service continues to hold nearly a third of its entire detention population in for-profit facilities, totaling 20,000 people. It does this by exploiting two loopholes it has created that undermine the purpose of the executive order

    https://www.aclu.org/news/criminal-law-reform/president-bidens-order-to-ban-private-prisons-faces-a-persistent-internal-challenge-the-u-s-marshals-service


    Sources
    • American Rescue Plan – Center on Budget and Policy Priorities (CBPP)
    • Infrastructure Investment and Jobs Act – White House Fact Sheet
    • Inflation Reduction Act – Congressional Budget Office (CBO)
    • Biden Vaccine Rollout – Centers for Disease Control and Prevention (CDC)
    • Child Tax Credit Impact – Center on Budget and Policy Priorities (CBPP)
    • Police Reform Executive Order – The White House Fact Sheet
    • Paris Agreement – U.S. State Department
    • Clean Energy Investments – Environmental Protection Agency (EPA)
  • Jan 20

    JOE BIDEN WAKE UP

  • Jan 20
    ·
    1 reply

    It's really Joever

  • Jan 20
    mjpplus
    https://twitter.com/POTUS/status/1881347756234617295

    It's really Joever

    It's over.

  • Jan 20

    Look at all those tech ceos there to suck up to the don

  • Jan 20
    ·
    1 reply
    monza sp1 x
    Student Loan Forgiveness

    From 2021-2024, the Biden administration has significantly expanded and streamlined student loan forgiveness programs:

    • 1 million+ borrowers received loan forgiveness under programs like Public Service Loan Forgiveness (PSLF), Income-Driven Repayment (IDR) forgiveness, and Borrower Defense to Repayment.
    • The total amount forgiven exceeds $35 billion.
    • 20 million borrowers were poised to receive debt cancellation under Biden's original broad $10,000 forgiveness plan, but it was blocked by the U.S. Supreme Court in 2023.

    1. Public Service Loan Forgiveness (PSLF)Overview:

    PSLF allows borrowers who work in qualifying public service jobs (e.g., government, non-profits, education, and healthcare) to have their federal student loans forgiven after making 120 qualifying payments (10 years of payments).

    Biden Administration Actions:
    • Temporary Waiver: In 2021, the Biden administration launched a temporary PSLF waiver, which allowed borrowers to receive credit for payments that didn’t normally qualify for PSLF, such as payments made under non-qualifying repayment plans or when the borrower was on forbearance or deferment.
    Key Numbers:
    • Over 500,000 borrowers had PSLF forgiveness approved by early 2024 due to the temporary waiver.
    • More than $17 billion in debt was forgiven through the PSLF program by early 2024 (source: U.S. Department of Education).
    • The temporary waiver alone resulted in approximately 80,000 borrowers receiving over $5 billion in forgiveness between October 2021 and October 2022.
    2. Income-Driven Repayment (IDR) ForgivenessOverview:

    IDR plans allow borrowers to make payments based on their income and family size, with any remaining debt forgiven after 20 to 25 years of qualifying payments.

    Biden Administration Actions:
    • IDR Adjustments: The Biden administration made significant changes to IDR plans, including counting more payments towards forgiveness (such as past payments made under non-IDR plans or periods of forbearance/deferment). This has resulted in a wave of new forgiveness approvals.
    Key Numbers:
    • Over 100,000 borrowers saw debt forgiven under the IDR forgiveness adjustments by 2024.
    • The Debt Forgiveness for Income-Driven Repayment (IDR) was part of a broader move to streamline and simplify the program, increasing the number of qualifying payments for many borrowers who had been paying under IDR for years.
    • $6 billion was forgiven through these changes by early 2024 (source: U.S. Department of Education).
    3. The Student Loan Forgiveness Program (Broad Cancellation)Overview:

    This is the controversial plan that President Biden announced in August 2022, aiming to forgive up to $10,000 in federal student loan debt for borrowers earning less than $125,000 ($250,000 for married couples), with an additional $10,000 for Pell Grant recipients.

    Legal Challenges and Status:
    • Supreme Court Decision: The U.S. Supreme Court struck down the Biden administration's original student loan cancellation plan in June 2023 (6-3 decision), blocking the cancellation of loans for 20 million people who were set to benefit.
    • Next Steps: In response, the Biden administration shifted focus toward expanding IDR forgiveness and introducing new income-driven repayment (IDR) plans, which would lead to greater loan forgiveness over time.
    Key Numbers:
    • 20 million borrowers were set to receive $10,000 in forgiveness under the original plan.
    • As of 2024, no direct student loan cancellation has occurred under Biden's broad plan due to the court ruling, but efforts to forgive loans through IDR plans and PSLF continue.
    4. Cancellation for Defrauded Borrowers and Borrowers with DisabilitiesOverview:
    • Borrowers Defrauded by Schools: Under Borrower Defense to Repayment, borrowers who were defrauded by their schools (e.g., for-profit colleges that misled students) are eligible for full loan forgiveness.
    • Total and Permanent Disability (TPD): Borrowers who are totally and permanently disabled are eligible for forgiveness of federal student loans.
    Biden Administration Actions:
    • The Biden administration has accelerated the Borrower Defense to Repayment process, approving claims for students defrauded by institutions like Corinthian Colleges, ITT Technical Institute, and Westwood College.
    • The administration has also expanded access to loan forgiveness for disabled borrowers by simplifying the application process.
    Key Numbers:
    • $9 billion was forgiven for 350,000 borrowers under the Borrower Defense to Repayment program from 2021 to 2024.
    • Over 300,000 borrowers with total and permanent disabilities saw their loans discharged, totaling approximately $10 billion in forgiveness.

    5. Other Forgiveness Programs (Veterans, Teachers, etc.)Overview:
    • Teacher Loan Forgiveness: Teachers who work in low-income schools for five consecutive years may have up to $17,500 of their student loan debt forgiven.
    • Veteran Loan Forgiveness: The Department of Veterans Affairs provides loan forgiveness for veterans with disabilities or under other specific conditions.
    Key Numbers:
    • The Biden administration has streamlined access to these programs and accelerated approvals, although specific numbers are harder to track annually. The total forgiven under these various programs is estimated at several billion dollars each year.

    Total Number of People with Forgiveness (2021-2024):
    • Total number of borrowers impacted by the Biden administration's forgiveness programs (including PSLF, IDR, borrower defense, and disabilities): Over 1 million borrowers had their loans forgiven or significantly reduced by early 2024.
    • Total amount of student debt forgiven under Biden's efforts: $35+ billion (including $17 billion in PSLF, $6 billion in IDR adjustments, and $9 billion in borrower defense to repayment).
    Key Sources:
    • U.S. Department of EducationStudent Loan Forgiveness Updates
    • Federal Student Aid (FSA)Loan Forgiveness Programs
    • The White HouseBiden's Student Loan Forgiveness Executive Actions

    Biden really had an image problem mostly

  • Jan 20
    ·
    1 reply
    OnceAgain

    Biden really had an image problem mostly

    And a genocide problem

  • Jan 20
    ·
    1 reply
    americana

    And a genocide problem

    Yeah true, which US president doesnt tho

    They all support Israel

  • It was a really gay time.

    And now we're about to get the d***.

  • monza sp1 x
    Student Loan Forgiveness

    From 2021-2024, the Biden administration has significantly expanded and streamlined student loan forgiveness programs:

    • 1 million+ borrowers received loan forgiveness under programs like Public Service Loan Forgiveness (PSLF), Income-Driven Repayment (IDR) forgiveness, and Borrower Defense to Repayment.
    • The total amount forgiven exceeds $35 billion.
    • 20 million borrowers were poised to receive debt cancellation under Biden's original broad $10,000 forgiveness plan, but it was blocked by the U.S. Supreme Court in 2023.

    1. Public Service Loan Forgiveness (PSLF)Overview:

    PSLF allows borrowers who work in qualifying public service jobs (e.g., government, non-profits, education, and healthcare) to have their federal student loans forgiven after making 120 qualifying payments (10 years of payments).

    Biden Administration Actions:
    • Temporary Waiver: In 2021, the Biden administration launched a temporary PSLF waiver, which allowed borrowers to receive credit for payments that didn’t normally qualify for PSLF, such as payments made under non-qualifying repayment plans or when the borrower was on forbearance or deferment.
    Key Numbers:
    • Over 500,000 borrowers had PSLF forgiveness approved by early 2024 due to the temporary waiver.
    • More than $17 billion in debt was forgiven through the PSLF program by early 2024 (source: U.S. Department of Education).
    • The temporary waiver alone resulted in approximately 80,000 borrowers receiving over $5 billion in forgiveness between October 2021 and October 2022.
    2. Income-Driven Repayment (IDR) ForgivenessOverview:

    IDR plans allow borrowers to make payments based on their income and family size, with any remaining debt forgiven after 20 to 25 years of qualifying payments.

    Biden Administration Actions:
    • IDR Adjustments: The Biden administration made significant changes to IDR plans, including counting more payments towards forgiveness (such as past payments made under non-IDR plans or periods of forbearance/deferment). This has resulted in a wave of new forgiveness approvals.
    Key Numbers:
    • Over 100,000 borrowers saw debt forgiven under the IDR forgiveness adjustments by 2024.
    • The Debt Forgiveness for Income-Driven Repayment (IDR) was part of a broader move to streamline and simplify the program, increasing the number of qualifying payments for many borrowers who had been paying under IDR for years.
    • $6 billion was forgiven through these changes by early 2024 (source: U.S. Department of Education).
    3. The Student Loan Forgiveness Program (Broad Cancellation)Overview:

    This is the controversial plan that President Biden announced in August 2022, aiming to forgive up to $10,000 in federal student loan debt for borrowers earning less than $125,000 ($250,000 for married couples), with an additional $10,000 for Pell Grant recipients.

    Legal Challenges and Status:
    • Supreme Court Decision: The U.S. Supreme Court struck down the Biden administration's original student loan cancellation plan in June 2023 (6-3 decision), blocking the cancellation of loans for 20 million people who were set to benefit.
    • Next Steps: In response, the Biden administration shifted focus toward expanding IDR forgiveness and introducing new income-driven repayment (IDR) plans, which would lead to greater loan forgiveness over time.
    Key Numbers:
    • 20 million borrowers were set to receive $10,000 in forgiveness under the original plan.
    • As of 2024, no direct student loan cancellation has occurred under Biden's broad plan due to the court ruling, but efforts to forgive loans through IDR plans and PSLF continue.
    4. Cancellation for Defrauded Borrowers and Borrowers with DisabilitiesOverview:
    • Borrowers Defrauded by Schools: Under Borrower Defense to Repayment, borrowers who were defrauded by their schools (e.g., for-profit colleges that misled students) are eligible for full loan forgiveness.
    • Total and Permanent Disability (TPD): Borrowers who are totally and permanently disabled are eligible for forgiveness of federal student loans.
    Biden Administration Actions:
    • The Biden administration has accelerated the Borrower Defense to Repayment process, approving claims for students defrauded by institutions like Corinthian Colleges, ITT Technical Institute, and Westwood College.
    • The administration has also expanded access to loan forgiveness for disabled borrowers by simplifying the application process.
    Key Numbers:
    • $9 billion was forgiven for 350,000 borrowers under the Borrower Defense to Repayment program from 2021 to 2024.
    • Over 300,000 borrowers with total and permanent disabilities saw their loans discharged, totaling approximately $10 billion in forgiveness.

    5. Other Forgiveness Programs (Veterans, Teachers, etc.)Overview:
    • Teacher Loan Forgiveness: Teachers who work in low-income schools for five consecutive years may have up to $17,500 of their student loan debt forgiven.
    • Veteran Loan Forgiveness: The Department of Veterans Affairs provides loan forgiveness for veterans with disabilities or under other specific conditions.
    Key Numbers:
    • The Biden administration has streamlined access to these programs and accelerated approvals, although specific numbers are harder to track annually. The total forgiven under these various programs is estimated at several billion dollars each year.

    Total Number of People with Forgiveness (2021-2024):
    • Total number of borrowers impacted by the Biden administration's forgiveness programs (including PSLF, IDR, borrower defense, and disabilities): Over 1 million borrowers had their loans forgiven or significantly reduced by early 2024.
    • Total amount of student debt forgiven under Biden's efforts: $35+ billion (including $17 billion in PSLF, $6 billion in IDR adjustments, and $9 billion in borrower defense to repayment).
    Key Sources:
    • U.S. Department of EducationStudent Loan Forgiveness Updates
    • Federal Student Aid (FSA)Loan Forgiveness Programs
    • The White HouseBiden's Student Loan Forgiveness Executive Actions

    He didn't help me though so f*** him.

    I cant help I didn't go to a fake college or want to be a public service worker making 30k a year.

  • Jan 24

    Unpin

  • Jan 25
    ·
    1 reply
    OnceAgain

    Yeah true, which US president doesnt tho

    They all support Israel

    There’s levels to it tho. Biden is a bloodthirsty Zionist and is a true believer in that s*** which is why him at the helm led to the genocide going on as long as it did.

    The fact that Trump was able to secure a ceasefire with just a tiny amount of pressure shows that Biden could’ve done the same this whole time but didn’t want to.

  • Jan 25
    ·
    1 reply
    Himothee

    There’s levels to it tho. Biden is a bloodthirsty Zionist and is a true believer in that s*** which is why him at the helm led to the genocide going on as long as it did.

    The fact that Trump was able to secure a ceasefire with just a tiny amount of pressure shows that Biden could’ve done the same this whole time but didn’t want to.

    It shouldn’t really be glossed over that on top of everything Biden barely had any form of material coalition build around doing virtually anything. Political entities (whether institutions or entire countries) know and can sense this. Biden could have realistically been trying to negotiate a ceasefire and Israel’s response likely would have been (or was) “lol or what?”. Consider the span of Biden’s cabinet and wider government. Were we going to actually do anything beyond austerity politics to allow a severe and rapid change in external foreign policy not to have huge knock-on effects? The fundamental way Trump conducts policy is wholly different because every aspect of political institutions he has power over will reformat themselves entirely to allow a policy to work. It’s not empty platitudes or threats like Biden. That is the real and biggest failure of his presidency. No real policy for change could be even remotely enacted due to lack of wide spanning but narrow coalition. He could have easily assigned an envoy to Israel who was antagonistic to them but didn’t. He could have assigned secretaries of departments to allow more transitional policy changes but didn’t. He didn’t make any attempt to do anything beyond do the initial first step of putting a policy into motion. He may as well have been a senator in terms of what he was doing.

  • krishna bound

    It shouldn’t really be glossed over that on top of everything Biden barely had any form of material coalition build around doing virtually anything. Political entities (whether institutions or entire countries) know and can sense this. Biden could have realistically been trying to negotiate a ceasefire and Israel’s response likely would have been (or was) “lol or what?”. Consider the span of Biden’s cabinet and wider government. Were we going to actually do anything beyond austerity politics to allow a severe and rapid change in external foreign policy not to have huge knock-on effects? The fundamental way Trump conducts policy is wholly different because every aspect of political institutions he has power over will reformat themselves entirely to allow a policy to work. It’s not empty platitudes or threats like Biden. That is the real and biggest failure of his presidency. No real policy for change could be even remotely enacted due to lack of wide spanning but narrow coalition. He could have easily assigned an envoy to Israel who was antagonistic to them but didn’t. He could have assigned secretaries of departments to allow more transitional policy changes but didn’t. He didn’t make any attempt to do anything beyond do the initial first step of putting a policy into motion. He may as well have been a senator in terms of what he was doing.

    Deadass might as well have been a senator. Still can’t believe dude kowtowed and let Joe Manchin steamroll him with the Build Back Better bill in 2021. He could’ve made Manchin public enemy #1 and rallied support but didn’t. He was never able to effectively utilize the bully pulpit and power of the White House the way Trump, or even Obama/Bush for a certain extent, did.