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In reply to the discussion: Joe Biden, Beto O'rourke Reportedly Met to Discuss Potential 2020 Presidential Ticket [View all]pnwmom
(109,011 posts)72. It was MULTIPLE bills over decades; and he was a leader, not just someone who voted.
https://www.ibtimes.com/joe-biden-backed-bills-make-it-harder-americans-reduce-their-student-debt-2094664
As a senator from Delaware -- a corporate tax haven where the financial industry is one of the states largest employers -- Biden was one of the key proponents of the 2005 legislation that is now bearing down on students like Ryan. That bill effectively prevents the $150 billion worth of private student debt from being discharged, rescheduled or renegotiated as other debt can be in bankruptcy court.
Biden's efforts in 2005 were no anomaly. Though the vice president has long portrayed himself as a champion of the struggling middle class -- a man who famously commutes on Amtrak and mixes enthusiastically with blue-collar workers -- the Delaware lawmaker has played a consistent and pivotal role in the financial industry's four-decade campaign to make it harder for students to shield themselves and their families from creditors, according to an IBT review of bankruptcy legislation going back to the 1970s.
SNIP
But the (1978) legislation produced by Biden and his fellow conferees ended up including the provisions exempting government-sponsored educational loans from traditional bankruptcy protections for at least five years after a student graduates. In announcing the final deal, the sponsor of the bankruptcy legislation, Sen. Dennis Deconcini, D-Ariz., specifically thanked Biden in a floor speech for his lengthy and time exhausting work on the measure.
Within a few years, the crackdown that began in 1978 would extend beyond just government loans. In 1984, as Biden was gaining seniority on the Judiciary Committee, the Delaware lawmaker reprised his role as one of his partys top negotiators on a new legislative proposal. Under that bill -- which was signed into law by President Ronald Reagan -- bankruptcy exemptions were extended to non-higher-education loans like those for vocational schools, according to the U.S. Department of Education.
Then came the 1990 Crime Control Act, whose chief sponsor was Biden. Though the bill was primarily focused on toughening criminal sentences, Bidens legislation also included provisions that further lengthened the amount of time debtors would have to wait before they got access to traditional bankruptcy protections for their federal and nonprofit student loans.
In 1997, a federal panel appointed by President Clinton recommended that Congress reverse all the changes, and once again make student loans dischargeable in bankruptcy court like other forms of consumer debt. But lawmakers went in the other direction, making it even harder for student debtors to get bankruptcy protections. With Bidens support, Congress in 1998 passed a law limiting bankruptcy protections for educational loans to students who could prove their loans were an undue hardship.
As a senator from Delaware -- a corporate tax haven where the financial industry is one of the states largest employers -- Biden was one of the key proponents of the 2005 legislation that is now bearing down on students like Ryan. That bill effectively prevents the $150 billion worth of private student debt from being discharged, rescheduled or renegotiated as other debt can be in bankruptcy court.
Biden's efforts in 2005 were no anomaly. Though the vice president has long portrayed himself as a champion of the struggling middle class -- a man who famously commutes on Amtrak and mixes enthusiastically with blue-collar workers -- the Delaware lawmaker has played a consistent and pivotal role in the financial industry's four-decade campaign to make it harder for students to shield themselves and their families from creditors, according to an IBT review of bankruptcy legislation going back to the 1970s.
SNIP
But the (1978) legislation produced by Biden and his fellow conferees ended up including the provisions exempting government-sponsored educational loans from traditional bankruptcy protections for at least five years after a student graduates. In announcing the final deal, the sponsor of the bankruptcy legislation, Sen. Dennis Deconcini, D-Ariz., specifically thanked Biden in a floor speech for his lengthy and time exhausting work on the measure.
Within a few years, the crackdown that began in 1978 would extend beyond just government loans. In 1984, as Biden was gaining seniority on the Judiciary Committee, the Delaware lawmaker reprised his role as one of his partys top negotiators on a new legislative proposal. Under that bill -- which was signed into law by President Ronald Reagan -- bankruptcy exemptions were extended to non-higher-education loans like those for vocational schools, according to the U.S. Department of Education.
Then came the 1990 Crime Control Act, whose chief sponsor was Biden. Though the bill was primarily focused on toughening criminal sentences, Bidens legislation also included provisions that further lengthened the amount of time debtors would have to wait before they got access to traditional bankruptcy protections for their federal and nonprofit student loans.
In 1997, a federal panel appointed by President Clinton recommended that Congress reverse all the changes, and once again make student loans dischargeable in bankruptcy court like other forms of consumer debt. But lawmakers went in the other direction, making it even harder for student debtors to get bankruptcy protections. With Bidens support, Congress in 1998 passed a law limiting bankruptcy protections for educational loans to students who could prove their loans were an undue hardship.
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Joe Biden, Beto O'rourke Reportedly Met to Discuss Potential 2020 Presidential Ticket [View all]
Yosemito
Dec 2018
OP
I love them both but hope they would be accepted and embraced by black and latino people.
mahina
Dec 2018
#2
And his first date with his wife was at the world famous Kentucky Club in Juarez
TexasBushwhacker
Dec 2018
#22
1960 was the reverse age and experience wise. But LBJ was only 52 in 1960. Hardly a senior citizen.
hedda_foil
Dec 2018
#8
You have a point, though it doesn't really fit your analogy. Nevertheless, a point.
hedda_foil
Dec 2018
#14
Definitely not the same electorate. The men so easily manipulated by the Russians
delisen
Dec 2018
#47
It was MULTIPLE bills over decades; and he was a leader, not just someone who voted.
pnwmom
Dec 2018
#72
it would have been more than 3 million more without the things i mention and same goes for the other
JI7
Dec 2018
#44
if it was that easy it would have been dealt with. California which is controlled by democrats gets
JI7
Dec 2018
#46
It wasn't just the Republicans; people seem to have forgotten the disunity in our own camp
LongtimeAZDem
Dec 2018
#55
so why are the rubes more important than black women ? how about black men ? hispanic men ? hispanic
JI7
Dec 2018
#21
BlueStater; Your opinion that Biden will not win the nomination is not what the polls are showing.
friend of m and j
Dec 2018
#30
Give Biden one term to restore some semblance of sanity to the federal government at home and
RandySF
Dec 2018
#28
I am ready for a woman. The entire country just showed they are ready for a woman.
Sparky 1
Dec 2018
#43
On the contrary; choosing a VP as an actual partner and successor, rather than a seat warmer,
LongtimeAZDem
Dec 2018
#57
This story has been updated to reflect that Biden and O'Rourke have not met to discuss the possibili
herding cats
Dec 2018
#63