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The Supreme Court strikes down Biden's student-loan forgiveness plan, blocking debt relief for millions of borrowers (www.businessinsider.com)

submitted 2 years ago by Girlparts@kbin.social to c/news@kbin.social

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The Supreme Court ruled Biden's student-loan forgiveness is illegal, meaning borrowers will resume payments without debt cancellation this year.

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[–] Calcharger@kbin.social 17 points 2 years ago* (last edited 2 years ago) (1 children)

The likelihood of recession this fall/winter all but confirmed now. Get ready for defaults, defaults, defaults.

Looks like default is off the table until the election, but there is going to be a serious decline in optional spending. Get ready for more "Why is Millenials/Gen Z killing X industry?

[–] Aesthesiaphilia@kbin.social 1 points 2 years ago (1 children)

Bullshit, the media has been saying there will be a recession any day now for years.

[–] Calcharger@kbin.social 1 points 2 years ago (1 children)

Your argument against recession is that it hasn't happened yet?

[–] Aesthesiaphilia@kbin.social 1 points 2 years ago

Yes. I don't think the indicators are there. And I think there's a concerted effort to push the recession narrative.