this post was submitted on 21 Nov 2024
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Summary

The Biden administration has moved to forgive $4.7 billion in U.S. loans to Ukraine as part of a $9.4 billion loan package authorized by Congress in April to support Ukraine’s government during its war with Russia.

State Department spokesperson Matthew Miller confirmed the decision, which Congress could still block.

The Senate is set to vote on a disapproval motion introduced by Senator Rand Paul, though bipartisan support for Ukraine remains strong.

President Biden is expediting aid ahead of his term’s end, amid concerns President-elect Trump may restrict future support.

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[–] eugenevdebs@lemmy.dbzer0.com 1 points 21 minutes ago

Does anyone know why Biden has the authority to do this? It seems more up to Congress to decide if a debt is forgiven overnight. "Pen and the Purse" is what my social studies said every class.

[–] Vanshaj@lemmy.world 1 points 25 minutes ago

Am I going to be down voted if I say this is stupid.

[–] Randomgal@lemmy.ca 1 points 28 minutes ago

But American students? Fuck em. Raise their interest to finance this.

[–] bitwolf@sh.itjust.works 16 points 5 hours ago (2 children)

Dude what about the student loan forgiveness you got filibustered on?

[–] chuckleslord@lemmy.world 6 points 2 hours ago (1 children)

... really? They're still being fought in the courts. Like, what the fuck commentary is this? "What about the thing you've been trying to do this whole time?" Yeah, they're still doing that.

[–] bitwolf@sh.itjust.works 2 points 37 minutes ago

I see that they are fighting for PSLF forgiveness in courts.

Not the broad 20k forgiveness for all borrowers.

Do you have information otherwise? I'm interested in any discourse I may have missed on the matter.

[–] Batman@lemmy.world 2 points 1 hour ago (1 children)

Lol when this started I was a fine candidate for forgiveness. Now my income has increased and they lowered the bar so I'm disqualified. Really glad I'm on this side but it will be 5 years before I can pay off what would have been forgiven. The ceiling is a joke anywhere that isn't a rural environment.

[–] eugenevdebs@lemmy.dbzer0.com 1 points 23 minutes ago

Means testing is just a poverty trap. My family personally earned a bit more money and the state of California now said "Cool, you no longer qualify for free health insurance, you gotta pay."

And while it's not a lot, its a few dollars a month, it has less options. Not even medical transportation in the rural area we live in.

[–] Skiluros@sh.itjust.works 59 points 10 hours ago (3 children)

The Senate is due to vote later on Wednesday on a motion of disapproval of loan forgiveness for Ukraine put forward by Republican Senator Rand Paul, a frequent critic of U.S. support for Ukraine.

Rand Paul? Is this the fellow who advocated for taking horse medication against COVID?

He also made the bizarre argument that Eric Garner was killed by overzealous regulation of cigarette sales rather than, you know, a violent cop.

[–] Andromxda@lemmy.dbzer0.com 11 points 6 hours ago* (last edited 6 hours ago)

Is this the fellow who advocated for taking horse medication against COVID?

In other words: an average Republican

[–] PugJesus@lemmy.world 47 points 10 hours ago

Also a noted Russian bootlicker, just like the incoming administration.

[–] Freefall@lemmy.world 24 points 9 hours ago

Help them win before we change teams!