馃攳
Biden Battles To PREVENT Student Loan Forgiveness - YouTube
Channel: The Young Turks
[0]
joe biden claimed that he was willing to
[2]
cancel up to ten thousand dollars in
[4]
student loans to really help students
[6]
out with this
[8]
ever-growing student loan debt crisis
[10]
that we're experiencing in this country
[13]
about 1.7 trillion dollars of
[15]
outstanding student loan debt it is
[17]
insane
[19]
but he has reneged on that promise as
[22]
modest as that promise was and now it
[24]
turns out that
[26]
the
[27]
biden administration is getting involved
[29]
in a case where a judge actually decided
[32]
to discharge hundreds of thousands of
[34]
dollars of student loan debt for someone
[37]
who is
[39]
not healthy enough to pay it back
[41]
the fact that the education department
[43]
under the biden administration has filed
[45]
an appeal in that case
[47]
tells you quite a bit
[49]
so first before i get to what the biden
[50]
administration is doing i think it's
[52]
important to give you context about the
[53]
case
[54]
so it involves a student a former
[57]
student
[58]
who has graduated graduated back in 2010
[61]
who's suffering from some very serious
[63]
health issues and as a result is not
[65]
gainfully employed and can't pay back
[68]
loans now on january 14th a federal
[70]
judge in biden's home state of delaware
[73]
moved to eliminate nearly 100 000 in
[77]
student loan debt held by this 35 year
[79]
old epileptic man
[81]
in response the justice department filed
[83]
a notice of appeal in the case on behalf
[86]
of education secretary miguel cardona
[90]
why would you do that we're talking
[91]
about someone who is
[93]
not healthy enough to earn a living to
[96]
pay back those loans why would you
[98]
appeal the judge's decision
[100]
well uh let's give you more details on
[103]
just how
[104]
difficult it would be for this student
[106]
to be able to pay back his loans a
[109]
bankruptcy judge found that ryan wolfson
[112]
who held nearly 100 000 in student loan
[115]
debt faced undue hardship
[118]
due to the debt and eliminated all of it
[121]
according to the lawsuit wolfson
[123]
graduated from penn state back in 2010
[125]
and struggled to find full-time
[126]
employment in 2019 while wolfson was
[130]
working full-time driving for uber lyft
[132]
and grubhub he suffered a seizure while
[136]
driving and totaled his vehicle
[138]
i mean it is an incredibly depressing
[141]
story i mean my heart goes out to this
[143]
guy
[144]
he's he's doing what he can he's trying
[146]
so so hard but because of his health
[148]
issues because of the fact that he has
[151]
these seizures he's unable to be
[153]
gainfully employed and to make matters
[156]
worse he's got this 100 000 debt on his
[161]
shoulders
[162]
holding him down and he's filing for
[164]
bankruptcy and because of biden's
[167]
bankruptcy bill years ago students are
[170]
unable to discharge their student loan
[172]
debt even if they file for bankruptcy
[174]
the only way you can do it is if you can
[177]
prove
[178]
that there is an undue burden that
[180]
prevents you from being able to pay it
[182]
back and uh even though it is incredibly
[185]
rare for a judge to side with the
[187]
individual with the loans
[189]
in this particular case the judge is
[191]
like yo
[193]
your situation is terrible
[195]
you're not going to be able to pay back
[196]
these loans i'm going to help you
[198]
discharge them through your bankruptcy
[201]
the evidence shows wrote the judge that
[203]
despite considerable effort wolfson has
[206]
been chronically unor underemployed
[209]
since graduating from college that his
[212]
sporadic full-time employment has
[213]
consisted of low-paying gig work or jobs
[216]
with little prospect of advancement and
[219]
that he has avoided living in abject
[221]
poverty only through significant
[224]
financial support from his father
[226]
the record further shows that wolfson's
[229]
career prospects are unlikely to
[231]
materially improve over time and thus
[234]
his inability to pay his student loan
[236]
debt will persist
[238]
and by the way just how hard is it to
[241]
prove that you have an undue burden that
[243]
your or undue hardship that prevents you
[246]
from being able to pay back your loans
[247]
the standard is incredibly high and the
[250]
reason why the standard is incredibly
[251]
high is because biden fought for that
[253]
standard to be high as he was
[255]
championing his bankruptcy bill
[257]
federal circuit courts have interpreted
[259]
this language in different cases to
[261]
demand that debtors show a certainty of
[264]
hopelessness
[266]
or intolerable difficulties or a total
[269]
incapacity to repay
[272]
now if i were
[274]
part of biden's administration
[276]
i would fight pretty aggressively to not
[278]
appeal the judge's decision here because
[281]
it's just needlessly cruel
[283]
it's so gratuitous it's so unnecessary
[286]
it's so rare for a judge to side with
[289]
the student debtor
[291]
in cases like this
[293]
and this judge i believe made the right
[295]
choice
[296]
but uh the biden administration ain't
[298]
having it they decided to appeal
[302]
so
[303]
i i don't know what the buying
[305]
administration is doing because
[307]
it turns out that the reason why this
[309]
appeal happened in the first place is
[311]
because there is a trump administration
[313]
left over that the blind administration
[316]
has refused to replace
[318]
um so in its first year this is graphic
[320]
six in its first year
[322]
the bind administration also routinely
[324]
fought such attempts by people who hold
[326]
student debt to have it relieved in
[328]
bankruptcy court assistant u.s attorney
[330]
jacob
[331]
lackson
[332]
who filed the appeal in wolfson's case
[334]
was appointed by a trump holdover in the
[337]
justice department
[339]
how about we get rid of that trump
[341]
holdover in the justice department
[343]
why why isn't biden doing that
[345]
immediately
[347]
and
[348]
the blame could fall to attorney general
[351]
merrick garland
[352]
as the attorney general is supposed to
[355]
appoint assistant u.s attorneys
[357]
explained hannah story brown a
[359]
researcher at the revolving door project
[361]
an executive branch watchdog
[363]
but they can functionally be appointed
[366]
by their local u.s attorney who in
[368]
lackson's case is trump appointee david
[372]
weiss
[373]
the only trump-appointed u.s attorney
[375]
not asked to resign when biden took took
[378]
office i so why like why is he still
[382]
there
[383]
why didn't biden ask him to resign
[386]
i mean it's definitely not a good look
[388]
for biden when you put this all in
[390]
context when you consider the fact that
[392]
he's the one
[394]
who pushed for and succeeded in getting
[397]
past that bankruptcy bill
[400]
that that turned students into
[402]
indentured servants that made the
[404]
student loan debt issue so much bigger
[407]
a giant crisis in this country so it's
[409]
point number one
[411]
then you have this guy campaigning on
[413]
forgiving a measly ten thousand dollars
[416]
in student loan debt he didn't even do
[417]
that he just reneged on that
[420]
and then
[421]
he doesn't even have you know maybe he
[422]
doesn't have the time what can he do he
[424]
doesn't have the time to uh ask a trump
[427]
appointee to resign
[429]
so we ensure that the education
[431]
department doesn't appeal
[433]
a judge's decision involving a student
[437]
who has a hundred thousand dollars in
[438]
student loan debt who has cerebral palsy
[440]
and does not have the ability to pay
[442]
that loan back
[444]
i mean
[445]
democrats are
[447]
looking for any scapegoat anyone to
[450]
blame for their
[451]
lack of popularity for biden's sagging
[454]
approval ratings
[456]
but they have no one to blame with
[457]
themselves what is biden doing
[459]
like what is he busy doing right now
[462]
ask that clown to resign
[464]
i mean this is incredibly disgusting and
[466]
by the way
[467]
thank you to the daily poster for
[469]
reporting on this story
[471]
otherwise we wouldn't know about this we
[473]
wouldn't know that there's a trump
[474]
appointee still working in the education
[476]
department and appealing these cases
[479]
to the detriment of students who are
[481]
suffering from serious health issues
[484]
thanks for watching the young troops
[486]
really appreciate it another way to show
[488]
support is through youtube memberships
[490]
you'll get to interact with us more
[492]
there's live chat emojis badges
[495]
you've got emojis of me anna john jr so
[498]
those are super fun but you also get
[501]
playback of our exclusive member only
[504]
shows and specials right after they air
[506]
so all that all you gotta do is click
[508]
that join button right underneath the
[510]
video thank you
Most Recent Videos:
You can go back to the homepage right here: Homepage