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Student loan repayment problems frustrate borrowers, prompting federal response (www.nbcnews.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 10 months ago* (last edited 10 months ago) (1 children)

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.

Your turn, explain how I'm wrong.

Edit: Where'd you go Sylver?

[–] [email protected] 2 points 10 months ago (1 children)

Agreeing that a debt exists and agreeing to pay back a debt are two different things. The budget doesn't argue whether the debt exists, just how and when it will be payed back. It is the difference between "Yes, I owe you $100, you'll get it back someday.", and "Yes, I owe you $100, and I've budgeted to pay you $20 a week for the next 5 week until we're square."

The consitution guarantees the first part, but doesn't help much with the second. However, without the second part everything grinds to a halt.

[–] [email protected] 1 points 10 months ago

It's more like

Yes, I owe you $100, and I've budgeted to pay you $20 a week for the next 5 week until we're square, but I don't like what you might do with that money so I'm closing up shop and going home, good luck with everything

They can't do that but Biden let them