Bernie Sanders Proposes to Eliminate all $1.6T in Student Loan Debt if Elected
Mon - June 24, 2019 - 5:45AM
Bernie Sanders, an open supporter of socialist policies, has advanced a new proposal. He spoke on Friday, campaigning for his 2020 election bid, calling for the federal government to completely forgive and eliminate all $1.6 Trillion of student loan debt. Bernie plans to pay for this plan by placing a new tax on Wall Street, which he claims would rake in more than $2T over 10 years. Most socialist policies involve someone paying, but the claim is that it is free. Bernie pontificated at the podium:
"This is a truly revolutionary proposal!" - Bernie Sanders
Even Fox News' Tucker Carlson has said:
"Congress must address student loan debt." - Tucker Carlson
It is no surprise here that most people, whether they are on the left or the right, support some form of legislation. This would combat rising tuition costs at U.S. universities. Many people have long since passed college, but student loan debt has them paying back the loans for the rest of their lives. What is alarming, is the fact that even if one files for bankruptcy, the one and only thing that cannot be wiped from one's financial record, is student loan debt. The colleges are a business, with an obvious agenda to rip the life-force from its students and alumni. This might not be something everyone can support though, as these things have to be paid for somehow and that is what socialism is: someone pays so it can be 'free'. It is a direct contradiction and the majority of Americans simply do not support socialist policies. No doubt some reform must take place, but starting with being honest about the costs is the first step to passing legislation.
The national debt has currently surpassed $22T.