Photo: Courtesy of the Subjects Student-loan debt is an enormous, damaging problem in the U.S. The data is staggering: 40 million people are in the hole for $1.6 trillion. Loans are so massive and incongruous with what college graduates actually make that repayment plans stretch into adulthood and beyond. Three million senior citizens are still paying them off. Student-loan debt follows people through life, making it hard for them to buy homes and cars and to start businesses.
Biden said that he doesn’t want to cancel up to $50,000 because he doesn’t want money to go to debtors who went to “Harvard and Yale and Penn.” People were upset that this statement implies only privileged people go to elite schools, or that those people who do take out loans to go to schools like Harvard don’t deserve to get help with their debt.
Again, this is a very cynical thing for the president of the United States to stand up there and cast aspersions on his own power. The fact is, he doesn’t want that power. He wishes he didn’t have it. He’d like to be able to say, “Oh, sorry, I’m not delivering on my promises, and it’s because of Congress, it’s because of the Republicans,” but this one’s actually on him. He can do this. And so if he doesn’t, it’s a choice. Canceling student debt is a winning issue.
The $10,000 is not based on anything rational — his campaign can’t defend it. When they’re asked why $10,000, they don’t even have an argument. The $10,000 is kind of like them saying, “We know this is a problem. We need to do something, but we just don’t have the courage to actually criticize the system that we helped create.”
For the Debt Collective and others, even $50,000 is not enough. Why do you support debt jubilee over debt forgiveness? Brooks: And Biden saying he had to mortgage his house to pay his children’s debt — we’re talking about Black women who can’t even buy a house because of student-loan debt. I was unable to find a job with comparable pay for two years, and I ended up losing everything, including my house. And my daughter had to leave Norfolk State and come home because I couldn’t afford her college tuition. She ended up going into the military to cover her student-loan debt. And that’s not an uncommon story.
astradisastra YES! we are just asking for parity! thank you!
astradisastra Good luck with that. Listen-everyone on the Left bitching &moaning about the Biden adm needs to stop.This is only going to make them laugh at you. WE NEED TO ORGANIZE A GIGANTIC MARCH IN THE STREETS A LA WHAT HAPPENED IN THE FIRST WOMAN'S MARCH AND STAY IN THE STREETS LIKE BLM.
astradisastra 38 days in office and you bitch about progress? He’s busy cleaning up the mess of the previous president. Also went to Texas to offer aid and assistance meanwhile Texas senator cruz was in Orlando at CPAC. Who is being a leader
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