Democratic Primaries
Related: About this forumSanders adviser on student debt plan: 'If we can bail out Wall Street, we can bail out kids'
A senior adviser for Sen. Bernie Sanderss (I-Vt.) 2020 presidential campaign touted the Democratic hopefuls proposal that would erase all outstanding student loan debt and pay for it by implementing a tax on Wall Street.
If we can bail out Wall Street, we can bail out kids who are trying to make a better life for themselves, Chuck Rocha told Hill.TV on Wednesday in response to a question about the plan.
Rocha said the proposal was inspired by voters on the campaign trail.
Its what we hear on the road more so than anything its the biggest economical factor that holds people back, is having to make that student loan, he said.
Sanders on Monday unveiled a proposal that would completely eliminate nearly $1.6 trillion in student debt for about 45 million Americans over the course of six months.
Sanders said he plans to pay for the plan through a tax on trades of stocks, bonds and derivatives.
https://thehill.com/hilltv/rising/450111-sanders-adviser-on-student-debt-proposal-if-we-can-bail-out-wall-street-we-can
primary today, I would vote for: Joe Biden
msongs
(67,438 posts)primary today, I would vote for: Joe Biden
Yo_Mama_Been_Loggin
(108,170 posts)primary today, I would vote for: Joe Biden
Sherman A1
(38,958 posts)That post really does need one.
primary today, I would vote for: Undecided
George II
(67,782 posts)primary today, I would vote for: Joe Biden
Vegas Roller
(704 posts)Let's cancel all the mortgages, car loans, consumer loans, home improvement loans, farm loans.
The problem is - the target constituency will know it is all BS while the naïve students eat up the tuition debt relief as though it was really going to happen and are there to yell Bernie! Bernie!! when real Democrats speak.
Then these same naïve students go and vote for Trump when BS is defeated thinking their debts are remaining only because Senator BS was defeated.
primary today, I would vote for: Joe Biden
riverine
(516 posts)Give me a break too!
Edit; I heard Senator Warren had a "plan" for us gym debt-servants too!
primary today, I would vote for: Joe Biden
riversedge
(70,299 posts)primary today, I would vote for: Joe Biden
UniteFightBack
(8,231 posts)outrageous loans you should have to pay something back. People know what they are borrowing. Now it comes time to pay it back and yeah who the hell would want to.
primary today, I would vote for: Joe Biden
Humanist_Activist
(7,670 posts)its easy to say "oh just pay it back" but when it will take you 200+ years to do so, with interest, because the economy isn't as strong to allow you have all the earnings you need to be able to pay it makes it impossible.
A difference of 6 years, I paid my college loan back early, but I went to college in the mid 1990s, and was able to do so through a combination of luck and sticking to a 2 year school. My sister gets a Bachelor's degree at a state school, being 6 years younger than me, and she can barely scrape by making at least double what I make. She has a husband who works 2 jobs and 2 kids, perhaps she should have been better off without trying to start a family when it was the best time, biologically.
primary today, I would vote for: Undecided
UniteFightBack
(8,231 posts)Does your sister own a home?
primary today, I would vote for: Joe Biden
Humanist_Activist
(7,670 posts)We are talking loans she got being up to 500% more expensive than the same loans would have been for me. 2 years Community, 2 years State. Earnings haven't been increasing by that same amount in that time period.
https://www.forbes.com/sites/camilomaldonado/2018/07/24/price-of-college-increasing-almost-8-times-faster-than-wages/#1698f34d66c1
primary today, I would vote for: Undecided
bluewater
(5,376 posts)The banks gave out those loans, they profit off them, they should share the burden of any plan to alleviate student debt.
primary today, I would vote for: Joe Biden
riverine
(516 posts)Taxpayers actually made a $107 billion profit on the bailout (see link)
primary today, I would vote for: Joe Biden
betsuni
(25,610 posts)Hearing "If they can bail out Wall Street they can pay for ______ " a hell of a lot lately.
primary today, I would vote for: Joe Biden
riverine
(516 posts)the "enemy" which is why they won't be nominated.
Most of us Democrats work for a corporation who pays us and provides a group health insurance plan we like.
Corporations are not the "enemy".
Conservatives are.
primary today, I would vote for: Joe Biden
Humanist_Activist
(7,670 posts)of everyone else, especially workers.
I work and have worked for large corporations, that's how I know they do NOT have my best interest, as a worker, at heart. How some people can be so blind to this baffles me.
primary today, I would vote for: Undecided
riverine
(516 posts)Sadly, I owned stock in Worldcom when the shit hit the fan and CEO Ebbers and the CFO were rightly sentenced to long prison sentences.
Should I have been?
No, I just lost everything I invested in Worldcom.
It is not criminal to own stock, dude.
primary today, I would vote for: Joe Biden
Humanist_Activist
(7,670 posts)me.
Oh, and the 250 bucks I got from the class action lawsuit also made up for the thousands they took. Or the long hours, or the times they asked me to work through breaks, etc. Or hell the violations of state and federal law that I was a witness too, etc.
Come to think of it, why aren't the managers/CEOS at Wal-Mart criminally liable for the hundreds of thousands of employees they stole from, but if I was caught stealing a pack of gum from one of their stores, I get the book thrown at me.
It seems almost like the law favors the rich and powerful, does it not?
primary today, I would vote for: Undecided
riverine
(516 posts)But MILLIONS of us don't hate our employer. We like them a lot in fact.
primary today, I would vote for: Joe Biden
Humanist_Activist
(7,670 posts)job security, on top of few benefits.
You seem to believe in an economy that doesn't exist, you paint a rosy picture that doesn't exist.
https://www.pewresearch.org/fact-tank/2016/09/01/8-facts-about-american-workers/
https://www.washingtonpost.com/news/wonk/wp/2018/07/04/is-it-great-to-be-a-worker-in-the-u-s-not-compared-to-the-rest-of-the-developed-world/?noredirect=on&utm_term=.6f180c7879b4
ON EDIT: You make this claim a lot, where is your evidence to back it up?
primary today, I would vote for: Undecided
Hassin Bin Sober
(26,335 posts)primary today, I would vote for: Undecided
riverine
(516 posts)Why does a college loan student deserve a bailout but a Wal-Mart stock clerk deserve nothing?
Hell, the Wal-Mart inventory clerk deserves it MORE since they didn't waste 2-4 years in college.
primary today, I would vote for: Joe Biden
Humanist_Activist
(7,670 posts)a Wal-Mart clerk anyways. I work at a tech-based call center right now, and the amount of co-workers with 4 year degrees and thousands in debt they have no hope of paying back is staggering.
primary today, I would vote for: Undecided
hughee99
(16,113 posts)Theyll be looking at significant paycuts and resource shortages, Id imagine.
primary today, I would vote for: Undecided