Is it supposed to? I don't think anyone is really interested in fixing the underlying issues because it would require a revamp of our education system from the ground up. This is relief for a handful of the population and that's about it.

110k isn't even the minimum in Luxembourg or Iceland where avg income is the highest in the world as well as cost of living.

It is a lot when compared to the national average. Nearly double in fact. I don't know what statistic you're comparing it to.

I would say the average person would say that 110K is a lot because on average its going to be twice what they make.

Median household income in New York alone is only 70K and that's household, not individual. So I dare say they would also call 110K a lot in an expensive to live city.

This post was edited by SBD on Aug 25 2022 01:27pm

A Democratic-leaning segment of the population, one which is predominantly white collar and of above average privilege, one which tends to be hard to turn out in midterms and which happens to be particularly unhappy with how the Biden presidency has gone so far.

None of that is a drama or particularly noteworthy, don't get me wrong, but it should still be spelled out what Biden is doing here: trying to buy votes.

would it though? legislation clamping down on loaners (the govt included) would lead to less loans, would lead to less college students, would then lead to less positions requiring a degree where we all know they're not needed, and would lead to less people who have a degree doing a job that doesnt even require a degree.

the system would revamp, but as a market reaction, not an entirely overregulated legislation on every level solution.

What's wrong with that? Is it any different than Trump complaining about the migrant caravan in 2018 and then not doing a damn thing about once the election ended? Is it any different than Obama campaigning and making promises on college campuses?

Many white collar jobs require a college degree because it shows that you're not a complete moron who could barely finish high school. We need to make it so finishing high school actually means something.

The way the 2018 midterms went down was a rebuke of Trump's rhetoric on the issue, and he had lost control of Congress. Within the realm of EOs, he continued to do his best to limit immigration.
But to be fair to Biden, he didn't campaign on "solving" the student loan issue, he explicitly campaigned on student loan forgiveness.

many of those same jobs used to accept associates degree graduates for the same reason, and then we got an absurd influx of 4 year degree holders because of 1980s and 1990s college party movies turning college from a career training institution to a right of passage. and now having a 4 year degree is hardly proof of anything.

income cap down makes sense. wish it applied to increases in property taxes on unrealized gains and other hogwash.

how is this even going to be enforced? oh right, the 87k added internal “revenue” ‘service’ agents.