Posted on 06/24/2019 11:38:59 AM PDT by BenLurkin
The proposal goes further than fellow Democratic candidate Elizabeth Warrens plan, which caps student debt forgiveness at $50,000 and offers no relief to borrowers who earn more than $250,000.
Outstanding education debt in the U.S. has eclipsed credit card and auto debt. Today the average college graduate leaves school $30,000 in the red, up from $10,000 in the 1990s, and 28% of student loan borrowers are in delinquency or default.
Sanders plan would make two- and four-year public colleges and universities tuition- and debt-free. Trade schools and apprenticeship programs would be tuition-free, as well.
Sanders is introducing the legislation with Rep. Ilhan Omar, D-Minn., and Rep. Pramila Jayapal, D-Wash., the co-chairwomen of the Congressional Progressive Caucus.
The $2.2 trillion plan would be paid for by a new tax on financial transactions, including a 0.5 percent tax on stock transactions and a 0.1 percent tax on bonds. That levy would raise up to $2.4 trillion over the next decade, according to the senators office.
(Excerpt) Read more at cnbc.com ...
With Democrats giving everything away why did I have a job?
Are only graduates eligible or do 3 year drop-outs get forgiveness too?
Does GPA matter, or do students that flunked classes or squeaked by get forgiveness?
Does attendance count,or are students who always blew off class and took 5 years to get a 4 year degree forgiven?
Does course of study matter, or do students with a degree that has no relevance in the job market get a gift from tax payers?
Simple questions that no one is asking.
Well, our Marxist higher education community ripped off all
those students, so THEY should foot the bill and pay the
nation back ALL of that debt.
With interest. And Bankruptcy, so that the infrastructure can
be picked up and revitalized by people with the nation’s
interests at heart.
The co-founders of Home Depot believe if Bernie Sanders were president when they tried to open their business in 1978, the home-improvement retailer may never have existed.
In an exclusive interview with Neil Cavuto, Bernie Marcus and Ken Langone Opens a New Window.
“Home Depot is the poster child for capitalism,” Marcus said.
When asked about Bernie Sanders’ plan to have Wall Street pay for $1.6 trillion in student-loan debt, the two had a few things to say about the self-proclaimed socialist’s plan.
“[Bernie Sanders] is the enemy of every entrepreneur that’s ever going to be born in the country and has been born in the past”!
Bernie Marcus, Home Depot co-founder
Ken Langone agreed, “if the people in America today ... if they want to know what the future holds for them following Bernie Sanders, go to Cuba, Venezuela, Russia, Eastern Europe. Guess what? It doesn’t work.”
www.foxbusiness.com/business-leaders/home-depot-cofounder-bernie-sanders-is-the-enemy-of-every-entrepreneur
Apparently, you haven’t been listening to the other candidates who seem to be advocating taking it at the point of a gun, ala Salwell, Booker, Harris, etc.
It was always handed to Bernie, so he thinks he can take your stuff without a fight. BTW: Bernie figure is being revised north of 3 trillion. Those who paid their debt need reparations too!
Why is Bernie thinking so SMALL?
Bernie should be thinking BIG!
Bernie should declare that, after his election, he will “forgive” our entire NATIONAL DEBT!
THAT would be a “gift” to us voters of $22,000,000,000,000!
Who could say NO! to THAT!
If college students want their debt paid off by me, than I have no problem with college students paying off my mortgage.
Deal?
Stupid should hurt.
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