WASHINGTON - Sen. Bernie Sanders, I-Vt., will propose on Monday eliminating all $1.6 trillion of student debt held in the United States, a significant escalation of the policy fight in the 2020 Democratic presidential primary two days before the candidates' first debate in Miami. Sanders is proposing that the federal government pay to wipe clean the student debt held by 45 million Americans - including all private and graduate school debt - as part of a package that also would make public universities, community colleges and trade schools tuition-free. Sanders is proposing to pay for these plans with a tax on Wall Street his campaign says will raise more than $2 trillion over 10 years, though some tax experts give lower revenue estimates. Sanders will be joined Monday by Rep. Ilhan Omar, D-Minn., who will introduce legislation in the House to eliminate all student debt in the United States, as well as Rep. Pramila Jayapal, D-Wash., co-chairwoman of the Congressional Progressive Caucus, who has championed legislation to make public universities tuition-free. Sanders helped popularize demands for tuition-free college during his 2016 presidential campaign run but did less to emphasize solutions for those who had already left school saddled with debt. Since then, liberal Democratic lawmakers have called for increasingly aggressive government solutions for erasing existing student debt, with 2020 candidates Sen. Elizabeth Warren, D-Mass., proposing $640 billion in student debt forgiveness and former housing secretary Julian Castro introducing a more modest debt forgiveness plan. These proposals have faced fierce objections, including from some moderate Democrats, for giving taxpayer subsidies to educated Americans who, on average, have higher earnings than those with only a high school degree. Advocates say the push...
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Buying votes Bernie?

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Here is the deal, give loans to only those that pursue STEM degrees from legit schools. Everyone else either pay out of pocket or become an engineer.


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2019-41-Mo 04:41:44 am

Here is the deal, give loans to only those that pursue STEM degrees from legit school. Everyone else either pay out of pocket or become an engineer.

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What about us responsible people that paid our students loans off after years and years of paying like we were supposed to?

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Get ready for the debt jubilee. The dollar should lose about 50% of its purchasing power when we print our way to economic equality for all. That should leave the rich as the only ones who will own anything. Isn't communism great?

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Now: Free stuff! Free stuff!

Later: Empty supermarkets, queues for toilet paper, chicken costs a week’s pay

Welcome to the wonderful world of socialism.

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Lol it isnt cancelled, the $1.6 trillion will just be moved for someone else to pay, like the general population of tax payers. Good news is that after the government has intruded into the financial sector to take\cancel the student loans and forced lenders to write up a heavy loss, future students wont have to worry about being in debt because noone will offer them a loan ever again.

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if Sanders becomes president, get your savings out of the country or buy gold. He will print money and accelerate inflation like Zimbabwe. Did you know you can buy government minted gold & silver coins/bars from your local post shop? It is surprisingly easy to invest in rare metals.


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2019-56-Mo 04:56:02 am

if Sanders becomes president, get your savings out of the country or buy gold. He will print money and accelerate inflation like Zimbabwe. Did you know you can by government minted gold & silver coins/bars from your local post shop? It is surprisingly easy to invest in rare metals.

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100% career FAIL Only success he's had is his book w/ shitty ideas which ironically scoffed @ when asked why he didn't pay the higher tax rate he wants others to pay

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"Pay" with inflation or cancel creating a recession? Its hyperinflation either way.

Unless he means to seriously pay with taxation. Tariffs are the only way you'll see that money. Then no jobs so still recession.

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Why can't these mother fuckers campaign for job in Libya or Ethiopia?

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