From DWT's quoting a source - i.e. a quote to the second power:
Student debt, which grew as Biden climbed the Senate ladder and helped lenders tighten bankruptcy laws, spiked from $24 billion issued annually in 1990-91 to $110 billion in 2012-13, according to data from the Pew Research Center.
...“Joe Biden bears a large amount of responsibility for passage of the bankruptcy bill,” Ed Boltz, president of the National Association of Consumer Bankruptcy Attorneys, said in an interview with IBT.
That legislation created a crisis, said Northeastern University law professor Daniel Austin. Federal Reserve data show that about 1.1 million people face student debt loans of $100,000 or more, and roughly 167,000 face student loans of $200,000 or more.
“It is perverse and obscene,” Austin told IBT. “We are creating a generation of indentured people. It is mind-boggling that we would do this to a whole generation of young people. I can’t understand any other modern society doing this.”
The Chinese are paying to send their best and brightest to our nation's elite graduate programs in science and technology because they know education is a societal good needed from them to overcome and pass our nation because of how our nation's oligarchs and their bought politicians screw instead of help educated people. It matters more to the oligarchs (such as Bloomberg and the tool, Biden) that "domestic tranquility" be force fed smart people rather than being a more competitive and more innovative society.
GET THEM ON PAYMENTS AND THEY WILL LOSE FOCUS ON SOCIAL JUSTICE IN FAVOR OF MAKING PAYMENTS ON TIME. WHO TO? YOU DO NOT NEED A WEATHERMAN TO KNOW WHICH WAY THAT WIND BLOWS. OWNED POLITICIANS ARE EVIL. THERE IS NO OTHER, BETTER CHARACTERIZATION.
It is cutting off the nose to spite the face. It is Joe Biden.
January 20.
UPDATE: OWNED POLITICIANS ARE EVIL. IT IS LINCOLN PROJECT. IT IS TWO-PARTY EVIL, NEVER FORGET THAT. IT IS TRUMP LYING, THEN SHOWING TRUE COLORS IN OFFICE. THE EDUCATED WERE not FOOLED. FOOLS WERE. THERE IS NOWHERE TO TURN WHEN BOTH PARTIES' POLS ARE BOUGHT BY THE SAME OLIGARCHS/PLUTOCRATS/ASSHOLES.
FURTHER: From this BS rigged AP carry, "leadership" at play:
"We're not going to let the government shut down, nor are we going to let the American people down," said Rep. Steny Hoyer, D-Md., the majority leader.
Fuckers like Steny and Joe have let "the American people" down year after year over their decades holding office and becoming millionaires during the process.
FURTHER: DWT again, at this link, an ending few paragraphs, italics emphasis added - bracketed explanatory commentary added:
[...]
Not a lot of California fans of Mr. Summers. Nanette Barrangan represents a lot of hard-pressed working families and Summers didn't amuse her at all. "Larry Summers is completely disconnected from the reality of people across this country who are struggling to pay their rent and bills, put food on the table, and buy medicine. This $2,000 isn’t about trying to expand the economy, this extra money is about survival for so many. Tell him to come to my district and ask whether or not people need that money. What a poor take from someone who has always been about the policies that are good for the wealthy and not those that would uplift the poor and working class."
Colin Byrd is mayor of Greenbelt, Maryland in the heart of the district Steny Hoyer represents. Colin's going to run a primary race in 2022 for this seat. I asked him what he thought of Summers' little presentation. He was enthusiastic about one thing: "I agree with him on increasing funding for state and local governments, testing, and accelerating vaccines, but his emphasis on expansion neglects the fact that economic growth does not necessarily mean that poor people and unemployed people are doing better. He also shouldn't be so squarely focused on 'expansion' and 'GDP.' While it is technically possible that 'expansion' and 'GDP' may indicate that the economy is getting better across the board, positive trends on such variables can also just mean the rich are getting richer. Moreover, while consumer spending may be, in some ways, limited by restrictions, for example, on flights and restaurant closures, those types of things are not the only or even the main things that Americans need to spend money on. At the most basic level, many Americans would use stimulus money on groceries, rent, mortgage payments, clothing, and forms of transportation other than 'flights.' Moreover, people who are out of work-- of which there are many, due to the pandemic-- can use the stimulus checks to help replenish their savings, which have likely had to be drawn down on in unexpected ways. Finally, while Josh Hawley, Donald Trump, and Bernie Sanders are indeed an odd alliance [wanting more than the insulting six hundred buck token amount to be allocated as aid for renters and mortgage servicing, home power, and food], the notion that politicians of different political parties and ideologies agreeing on an issue is necessarily a bad thing is extremely absurd. That is reflexive, thoughtless partisanship that distracts from the substance of the issue on which they have found consensus."
Thank God, Biden pledged not to bring this out-of-touch sociopath [Larry Summers, not Steny Hoyer, being the sociopath referenced] into his administration! That's all we'd need after 4 years of Trump!