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President Biden's plan to reduce payments to 5% of income instead of 10% for income driven payments on student loans. Loan balances would not grow as long as payments are made. After 10 years of payments student loan balances would be forgiven where balances are less than $12000 in place of the current 20 years.   This is the first effort to create a student loan safety net. Borrowers making less than $30,600 as individuals or $64,200 for a family of four will not be required to make monthly payments on loans. Under the current system loan balances kept growing till borrowers were left with huge and often unpayable student undergraduate loans.

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The Biden administration plans debt relief for student borrowers with 10 year of monthly payments in public service professions such as teaching, public interest law and nursing. 

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Jeanna Smialek and Jim Tankersley look at how people are expressing their dissatisfaction on social media about student loan forgiveness (#1.3 billion views TikTok), about the cost of living, about housing unaffordability, about the price of gasoline, and the term "vibecession" is present. Not enough people are aware of the efforts of president Biden in tackling these problems- for instance the Supreme Court struck down president Biden's plan to reduce student loan debt by $400 billion, that he has already doen this for $127 billion in the face of Congressional and Supreme Court indifference.

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The US Supreme Court will soon make a decision on the power of president Biden to take action on student loan forgiveness for millions of borrowers when Congress has failed to take action. 43 million people in the US holding $1.6 trillion in student debt would get some form of forgiveness under president Biden's $400 billion plan. Arguments will be made at the Supreme Court with a 6-3 Trump appointed majority of Conservative justices and a decision expected in June. Congress has failed to resolve this matter of debt affecting a large part of the US population leaving it to president Biden to offer some form of relief before a larger resolution is backed by Congress. A ruling will be made by June.

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Mitch Smith of the NYT looks at the Grand Rapids area for the 2024 election. Grand Rapids is atownof 660,000  which is the second largest city in Michigan. Originally populated by Dutch settlers it now has about 10% Hispanics in addition to about 10% blacks. The Hispanic population has increased over time. Some Republicans such as Ben Ingrebretson have drifted away from the party and voted for Biden in 2020. In February he voted for Nikki Haley, part of the 34% who voted for Haley in Kent County. He approves of Biden's view of America as "a beacon" for the world but does not approve of stimulus spending or forgiveness of student loans. Grand Rapids is also the area where governor Gretchen Whitmer, a Democrat, went to school and which gave her a 10 percentage vote margin.

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US Business has considerable apprehension about the former president in 2024 compared to its willingness to consider Trump in 2016. At the time executives from investment bank Goldman Sachs and heads of oil companies joined the Trump administration. This time US business and corporate interests are apprehensive about becoming the target of a tweet they might find the next morning under a Trump administration. They are not supportive of student loan forgiveness, but when it comes to the CHIPS and Science Act they see president Biden as effective and helping industry. Business leaders have a negative view on the Trump effort through appointment of 3 Supreme Court Justices of overturning decades old rights of women on abortion, and on this issue alone many will support Harris-Walz, overriding other concerns they might have. The visions of Harris and Trump are so vastly different with one calling climate change a hoax and hyping up social issues and infrastructure needs without any record of delivery when in office, and the other a strong position on climate change, wages and income, delivering on infrastructure and CHIPS that US Business. The result is that it leaves US Business with no better option in 2024 than to support the vision  that takes America forward. There are different sections of the business community which have different priorities.  Silicon Valley, and oil, pharmaceuticals because it profits most from light regulation which brings with it social costs is a special issue not addressed here. Other business, banking, automobiles, and a range of other industries have other priorities yet also see the need for the economy and the US to move forward with a different vision than one that simply ignores climate change, and fails to address child care, child poverty, wide disparities in wealth, and other issues facing of wages, cost of living facing most Americans.  ...