Monday, June 24, 2019

Vox Popoli: Eliminating student loan debt (This is HUGE - and solvable - biblically! See the link below. - CL)

President Trump needs to get out in front of this issue in a big way. It is a definite election-winner:

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.

Politics aside, eliminating student debt is the right thing to do. The power of the banks needs to be broken and this is the most effective way to begin doing that. Student loan debt is intrinsically predatory and cannot be justified, especially in light of the massive endowments of the elite universities.

The fact is that most people should not go to college. But if corporations are going to demand worthless pieces of paper for a job, then those worthless pieces of paper should be provided to everyone who wants one for free.

Remember, periodic debt forgiveness is straight out of the Bible and is even referenced in the Lord's Prayer. Debtors must be forgiven, concerns about fairness notwithstanding.