Bernie panders to students, millennials; risks destroying stock market

By PeraclesPlease on Mon, 06/24/2019 - 6:43am |

URL:

https://www.thedailybeast.com/bernie-sanders-ill-cancel-entire-dollar16-trillion-student-loan-debt

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Ah yes, and guess what's the # most read article over at Washington Post Business section right now?

there's this excerpt @ WaPo to add what Daily Beast summarizes (I note they put it under the header "Free Pass"

Sanders was 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-chair of the Congressional Progressive Caucus, who has championed legislation to make public universities tuition-free.

Here is a video attached to the article:

by artappraiser on Mon, 06/24/2019 - 4:02pm

John Aravois: not happy:

I’m still not understanding why Bernie Sanders is taxing every American with a retirement account, and then calling us all “Wall Street.” I’m not Wall Street. I had no role in the 2008 meltdown. Neither did my 89 y.o. widowed mom. Why are you taxing us? pic.twitter.com/K67O0acQ7T
— John Aravosis (@aravosis) June 24, 2019

Americans over the age of 75 “now have the highest percentage of stock ownership of any age group.” That’s who Bernie Sanders is taxing with his student loan write-off. Not Wall Street, but mom’s Bridge club. https://t.co/scZgZoiYP8
— John Aravosis (@aravosis) June 24, 2019

by artappraiser on Mon, 06/24/2019 - 4:08pm

Yes, my title was inexact (though wld be good to know % split between mom's bridge club and Wall Street, and if any other groups in there).

Also, does Bernie know any fractions besides 11/11? I mean, cutting *half* people's student loan debt and funding *half* of future debt - that would cost half as much and perhaps be twice or more easier to pass Congress?

by PeraclesPlease on Mon, 06/24/2019 - 5:05pm

Interesting, here he's going whole hog "class war" against: Suze Orman!

Wealthy TV "experts" are shaming millennials for buying coffee and avocado toast. But young people are broke because they’re drowning in debt and low wages.

The ruling class wants to divide the young and old to distract us from an economy that’s rigged for the richest 1%. pic.twitter.com/v4LCNpoExU
— Bernie Sanders (@SenSanders) June 23, 2019

by artappraiser on Mon, 06/24/2019 - 4:11pm

Tag teaming it with Ilhan:

Thank you to @RepJayapal and @Ilhan for your bold leadership as co-sponsors of college for all and debt cancellation in the U.S. House.

To tax Wall Street and stop the student debt crisis, we need a movement. Working together, we will #CancelStudentDebt for 45 million Americans. pic.twitter.com/xCp8veCQRe
— Bernie Sanders (@SenSanders) June 24, 2019

Corporations have repeatedly gotten bailouts and tax breaks.

We need a bailout for the people — that’s why I just introduced a piece of legislation with Senator Bernie Sanders to cancel all student debt in our country#CancelStudentDebt #CollegeforAll https://t.co/9JNHRmNQ8s
— Ilhan Omar (@IlhanMN) June 24, 2019

by artappraiser on Mon, 06/24/2019 - 4:15pm

This is quite common reaction I am seeing in response to his announcement. People who managed to pay for college somehow with blood sweat or tears, and went with less expensive choices, are angry he's making it about forgiving the debt of those who mostly just borrowed:

Hello Senator Sanders, my family and I expended our savings, and I worked as a residential adviser to afford college. It cost $74,834 for two years of college at a public school. You said all Americans, so may I also be repaid my full tuition as well? I'll take a check.
— jack dors (@jackdorszs) June 24, 2019

Hey @BernieSanders , I worked all through college and went to a state school to obtain NO DEBT! The school wasn’t renowned & my GPA suffered, but I worked my ass off the first 5 years of my career until it didn’t matter. I want a bailout for the debt I could’ve incurred.
— Jay Stone (@JaySton72555025) June 24, 2019

by artappraiser on Mon, 06/24/2019 - 7:04pm

Bernie panders to students, millennials; risks destroying stock market

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