Sun Jun 23, 2019, 11:21 PM

Sanders to propose canceling $1.6 trillion in US student debt

The Hill

Sen. Bernie Sanders (I-Vt.) will reportedly unveil a bill Monday calling on all $1.6 trillion worth of U.S. student debt to be eliminated.

The Washington Post reports Sanders will propose the legislation Monday along with progressive Reps. Ilhan Omar (D-Minn.) and Pramila Jayapal (D-Wash.), who is co-chair of the Congressional Progressive Caucus.

The proposal from Sanders adds to the debate over how to address the country’s mounting student debt crisis, as other 2020 Democratic presidential candidates have proposed their own plans.

Sanders’s plan calls on the federal government to completely clear the student debt of 45 million Americans while also calling for public universities, community colleges and trade schools tuition-free.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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104 replies	Author	Time	Post
Sanders to propose canceling $1.6 trillion in US student debt (Original post)	brooklynite	Jun 2019	OP
Where will the money come from?	LibFarmer	Jun 2019	#1
Did you read the article?	HerbChestnut	Jun 2019	#7
Bernie, gets it!! Why he's the "people's choice" and taking the country by storm!!	InAbLuEsTaTe	Jun 2019	#49
Yes, it says "A Wall St tax". Nothing more. 200 billion a year?	oldsoftie	Jun 2019	#55
The article in the OP just skimmed the basics.	HerbChestnut	Jun 2019	#68
Your example isn't parallel	FBaggins	Jun 2019	#78
The point is...	HerbChestnut	Jun 2019	#79
The argument still suffers from the same issue	FBaggins	Jun 2019	#89
It's different in that the cost of college has basically become a racket.	HerbChestnut	Jun 2019	#93
Ironically... that's mostly because government has been paying for it.	FBaggins	Jun 2019	#96
I guess we will just feel like suckers	MichMan	Jun 2019	#11
Many people are still living frugally, attending community college, and are sacrificing to pay	HerbChestnut	Jun 2019	#18
...	LibFarmer	Jun 2019	#38
Wow, that's a pretty large assumption.	HerbChestnut	Jun 2019	#66
Bernie understands this... why he's a true "man of the people"!!	InAbLuEsTaTe	Jun 2019	#50
Yeah, right. With no REAL way to pay for all his giveaways.	oldsoftie	Jun 2019	#54
Is it?	HerbChestnut	Jun 2019	#67
Yes. The math shows that we cannot raise TRILLIONS by taxing a small segment of the population	oldsoftie	Jun 2019	#72
You're not providing any sources.	HerbChestnut	Jun 2019	#76
Has Bernie?	FBaggins	Jun 2019	#94
Do you have any studies showing a change in stock trading behavior as a result of similar policy?	HerbChestnut	Jun 2019	#95
You mean ECON 101?	FBaggins	Jun 2019	#97
But it will feel good. So it must be OK!	oldsoftie	Jun 2019	#99
In that example, you're right, but that's an extreme case.	HerbChestnut	Jun 2019	#100
Easy. Raising the cigarette tax caused a reduction in the number of smokers.	oldsoftie	Jun 2019	#98
Yeah, stocks and cigarettes/boats are completely different animals.	HerbChestnut	Jun 2019	#101
Well, you think post #97 is an extreme example (its not), so none of this is logical to you	oldsoftie	Jun 2019	#104
That bill won't even pass the committee	LibFarmer	Jun 2019	#69
Nowhere	customerserviceguy	Jun 2019	#26
So you agree it is just a stunt for the election season? nt	LibFarmer	Jun 2019	#36
Absolutely n/t	customerserviceguy	Jun 2019	#103
This piece hits on a key difference: Warren is shaping her policy to target assistance to those who	Cha	Jun 2019	#47
Their life will go on.	Autumn	Jun 2019	#65
Another slogan and platitude	Vegas Roller	Jun 2019	#2
Yes, changing the lives of millions of people is cynical.	HerbChestnut	Jun 2019	#17
In your eyes Senator BS cando no wrong	Vegas Roller	Jun 2019	#35
That's right	HerbChestnut	Jun 2019	#63
Thank you for your honesty.	Vegas Roller	Jun 2019	#74
I am a Gen-Xer who's still struggling with student loans.	Laelth	Jun 2019	#70
Even the Democratic house won't pass it	Vegas Roller	Jun 2019	#73
I understand all of that.	Laelth	Jun 2019	#75
This would be life changing for so many people.	HerbChestnut	Jun 2019	#3
+1	SkatmanRoth	Jun 2019	#52
Life changing beyond belief!! Bernie gets it, which is why he keeps surging.	InAbLuEsTaTe	Jun 2019	#90
Suddenly, Elizabeth Warren is controlling the policy debate.	RandySF	Jun 2019	#4
Bernie's camp has been hinting at this type of legislation since before he announced his campaign.	HerbChestnut	Jun 2019	#13
Elizabeth Warren will make a good Vice President	SkatmanRoth	Jun 2019	#53
I kind of look at this like buying votes	captain queeg	Jun 2019	#5
Hmmm yes	shanny	Jun 2019	#27
How does he plan to pay for tuition free school?	Renew Deal	Jun 2019	#6
Read the article.	HerbChestnut	Jun 2019	#10
he can help pay for it by cancelling the equally expensive F35 program...and others nt	msongs	Jun 2019	#8
There's an idea!	shanny	Jun 2019	#28
What about the people who broke their ass to pay off their debt? Nt	USALiberal	Jun 2019	#9
Ask Elizabeth Warren.	HerbChestnut	Jun 2019	#12
I paid off mine and I'd be thrilled if the younger gen doesn't have to struggle.	Nanjeanne	Jun 2019	#15
So the principle is people should continue	shanny	Jun 2019	#29
I prefer people doing something in exchange for the payoff	Bhkylib	Jun 2019	#14
I agree. Some type of public service in lieu of loan repayment would not only relieve students	sop	Jun 2019	#21
Or cancel it for some people that MADE a choice to serve the public while paying off their debt.	Blue_true	Jun 2019	#22
Believe it or not, those types of programs already exist.	HerbChestnut	Jun 2019	#24
And are not functioning. Something like 98% of eligible. Applicants are turned down. These are	emmaverybo	Jun 2019	#31
Exactly, it's totally broken.	HerbChestnut	Jun 2019	#33
Warren would cancel 95% is the difference. Hers is income-driven so that if you have a huge	emmaverybo	Jun 2019	#37
K&R	CentralMass	Jun 2019	#16
Warren: $640 billion student debt forgiveness (eight minute abs).	betsuni	Jun 2019	#19
While Sen. Elizabeth Warren's presidential campaign has been in the middle of the pack in raising..	Cha	Jun 2019	#32
Trying to out-progressive the candidate with workable solutions won't work!	betsuni	Jun 2019	#39
No, indeed, it will not.	Cha	Jun 2019	#45
This piece hits on a key difference: Warren is shaping her policy to target assistance to those who	Cha	Jun 2019	#46
It's not even seven minute abs. It's six.	betsuni	Jun 2019	#48
There are funding sources for this, but not sure if we can fund everything we want like	Hoyt	Jun 2019	#20
I am very skeptical that these wish lists can begin to be fulfilled even with a Dem senate. Another	emmaverybo	Jun 2019	#34
Agree. Rather than unfulfilled promises, I wish some candidate would tell truth, prioritize needs,	Hoyt	Jun 2019	#43
Prioritize. That's it exactly. NT	emmaverybo	Jun 2019	#44
Warren's approach is to have one big theme - wealth inequality.	marylandblue	Jun 2019	#62
Please, pretty please, not just Bernie for a change...	JoeOtterbein	Jun 2019	#23
I don't think Joe specializes in tricks and demagoguery nt	NYMinute	Jun 2019	#41
Yet another empty gesture...	comradebillyboy	Jun 2019	#25
How so?	HerbChestnut	Jun 2019	#30
So you agree it is just a stunt for elections and not serious?	NYMinute	Jun 2019	#42
That's the cynical way of putting it	HerbChestnut	Jun 2019	#64
lol .. just in time for the election season	NYMinute	Jun 2019	#40
He did. You can read the full bill here. It was in 2015.	Nanjeanne	Jun 2019	#58
I would rather see UBI than a student loan payoff.	TexasTowelie	Jun 2019	#51
Post removed	Post removed	Jun 2019	#57
A much more modest idea would be..,	neeksgeek	Jun 2019	#56
Good.	BeckyDem	Jun 2019	#59
Yeah that's going to happen.	ucrdem	Jun 2019	#60
Kicked and recommended.	Uncle Joe	Jun 2019	#61
Giving $1.6 trillion to mainly white college educated Americans OK	KitSileya	Jun 2019	#71
Why should someone who took a loan, with an agreement to pay it back, not be required to pay it back	still_one	Jun 2019	#77
That's the way I see it. Regardless of the magnitude, students entered into an agreement....	George II	Jun 2019	#81
You are just showing off how smart you are George, and we agree	still_one	Jun 2019	#87
+1000	Freethinker65	Jun 2019	#83
Yes and also what about those who sacrificed to pay off their debt.	honest.abe	Jun 2019	#84
My daughter was one of those people	still_one	Jun 2019	#88
It was great to see Rep Jaypal, Rep Omar, AOC and Randy Weingarten speaking with Sanders in support	Nanjeanne	Jun 2019	#80
Nope. These were loans. Reduce the interest rate and I am ok with it	Freethinker65	Jun 2019	#82
K&R	bluewater	Jun 2019	#85
Bernie gets it	Johnny2X2X	Jun 2019	#86
After a long career as a politician...	SouthernProgressive	Jun 2019	#91
I would be ecstatic if we could just eliminate and refund...	PassingFair	Jun 2019	#92
Perhaps he can pay for this with the money he won't spend...	brooklynite	Jun 2019	#102

Response to brooklynite (Original post)

Sun Jun 23, 2019, 11:24 PM

LibFarmer (772 posts)

1. Where will the money come from?

What about people who have already paid off their student debt by living frugally and denying themselves the niceties of life?

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

Sanders to propose canceling $1.6 trillion in US student debt

1. Where will the money come from?

7. Did you read the article?

49. Bernie, gets it!! Why he's the "people's choice" and taking the country by storm!!

55. Yes, it says "A Wall St tax". Nothing more. 200 billion a year?

68. The article in the OP just skimmed the basics.

78. Your example isn't parallel

79. The point is...

89. The argument still suffers from the same issue

93. It's different in that the cost of college has basically become a racket.

96. Ironically... that's mostly because government has been paying for it.

11. I guess we will just feel like suckers

18. Many people are still living frugally, attending community college, and are sacrificing to pay

38. ...

66. Wow, that's a pretty large assumption.

50. Bernie understands this... why he's a true "man of the people"!!

54. Yeah, right. With no REAL way to pay for all his giveaways.

67. Is it?

72. Yes. The math shows that we cannot raise TRILLIONS by taxing a small segment of the population

76. You're not providing any sources.

94. Has Bernie?

95. Do you have any studies showing a change in stock trading behavior as a result of similar policy?

97. You mean ECON 101?

99. But it will feel good. So it must be OK!

100. In that example, you're right, but that's an extreme case.

98. Easy. Raising the cigarette tax caused a reduction in the number of smokers.

101. Yeah, stocks and cigarettes/boats are completely different animals.

104. Well, you think post #97 is an extreme example (its not), so none of this is logical to you

69. That bill won't even pass the committee

26. Nowhere

36. So you agree it is just a stunt for the election season? nt

103. Absolutely n/t

47. This piece hits on a key difference: Warren is shaping her policy to target assistance to those who

65. Their life will go on.

2. Another slogan and platitude

17. Yes, changing the lives of millions of people is cynical.

35. In your eyes Senator BS cando no wrong

63. That's right

74. Thank you for your honesty.

70. I am a Gen-Xer who's still struggling with student loans.

73. Even the Democratic house won't pass it

75. I understand all of that.

3. This would be life changing for so many people.

52. +1

90. Life changing beyond belief!! Bernie gets it, which is why he keeps surging.

4. Suddenly, Elizabeth Warren is controlling the policy debate.

13. Bernie's camp has been hinting at this type of legislation since before he announced his campaign.

53. Elizabeth Warren will make a good Vice President

5. I kind of look at this like buying votes

27. Hmmm yes

6. How does he plan to pay for tuition free school?

10. Read the article.

8. he can help pay for it by cancelling the equally expensive F35 program...and others nt

28. There's an idea!

9. What about the people who broke their ass to pay off their debt? Nt

12. Ask Elizabeth Warren.

15. I paid off mine and I'd be thrilled if the younger gen doesn't have to struggle.

29. So the principle is people should continue

14. I prefer people doing something in exchange for the payoff

21. I agree. Some type of public service in lieu of loan repayment would not only relieve students

22. Or cancel it for some people that MADE a choice to serve the public while paying off their debt.

24. Believe it or not, those types of programs already exist.

31. And are not functioning. Something like 98% of eligible. Applicants are turned down. These are

33. Exactly, it's totally broken.

37. Warren would cancel 95% is the difference. Hers is income-driven so that if you have a huge

16. K&R

19. Warren: $640 billion student debt forgiveness (eight minute abs).

32. While Sen. Elizabeth Warren's presidential campaign has been in the middle of the pack in raising..

39. Trying to out-progressive the candidate with workable solutions won't work!

45. No, indeed, it will not.

46. This piece hits on a key difference: Warren is shaping her policy to target assistance to those who

48. It's not even seven minute abs. It's six.

20. There are funding sources for this, but not sure if we can fund everything we want like

34. I am very skeptical that these wish lists can begin to be fulfilled even with a Dem senate. Another

43. Agree. Rather than unfulfilled promises, I wish some candidate would tell truth, prioritize needs,

44. Prioritize. That's it exactly. NT

62. Warren's approach is to have one big theme - wealth inequality.

23. Please, pretty please, not just Bernie for a change...

41. I don't think Joe specializes in tricks and demagoguery nt

25. Yet another empty gesture...