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Bernie Sanders announces plan to forgive college debt (Pt. 2) – 06/24/2019



Sen. Bernie Sanders (I-Vt.) announces a legislation to make college more affordable by erasing U.S.’ $1.6 trillion outstanding student loan tab. The Democratic presidential candidate’s legislation will release all 45 million Americans from their student debt. Sanders introduces the legislation with Rep. Ilhan Omar (D-Minn.) and Rep. Pramila Jayapal (D-Wash.).

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Bernie Sanders announces plan to forgive college debt – 06/24/2019

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Andre SalazarNP WalterRicky AZDoppler OverrunSpecial Person Recent comment authors
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IMA RUSSIAN
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IMA RUSSIAN

Can Bernie do to the college system like he did in VT?
Even the cows have left his state, what a disaster!

NP Walter
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NP Walter

Students should stop taking on debt. Problem solved

Ricky AZ
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Ricky AZ

A tax on college endowments would pay for it

Doppler Overrun
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Doppler Overrun

Will the people who paid off their loans get a refund?

Special Person
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Special Person

Finally. This is the right thing to do, and actually, a very realistic promise which helps almost every family in our country. We are a prosperous country, offering $50 Billion to Palestine only!! We have a Billionaire who announced that she is graciously willing to give up half of her wealth. Ty Bernie for recognizing the anxiety and pain that young ppl are facing. My vote is for Bernie unless Trump promises the same thing. If Trump promise to forgive current student loans balances fully and completely I will vote for him just bc he proved that he delivers his… Read more »

Matthew Kopp
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Matthew Kopp

For those who are uninformed. First check out the Levy Report. This proposal is entirely sound. Second, consider the following. The US Government had bailed out under water student debt during the recession which means we paid $600 billion to buy back Student Loan Asset Backed Derivatives (SLABS). Doing so has benefited Wall Street primarily. But it also saved all 401K retirement plans because SLABS functioned like US bonds. Taxing Wall Street to get back the $600 billion is a fair plan. Applying that money to buy back the remaining federal guaranteed debt is also fair. But they should completely… Read more »

George Langheinrich
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George Langheinrich

Great idea. Lower income people paying off debts of high income people.
Trump 2020 !

Matthew Kopp
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Matthew Kopp

400,000 borrowers went through loan service forgiveness programs. Less than 300 of those loans were forgiven even after making ten years of payments working for not-for-profit organizations. It is one of the biggest scandals to date. It is one reason why Navient is being sued.

Matthew Kopp
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Matthew Kopp

If you don't support this bill. Support the Republican bill to return bankruptcy protection. The Republican bill will obliterate the asset value of student debt in a week. It is "fair" because borrowers will have some accountability for the loans and the fact that these loans can not be discharged in bankruptcy is unconstitutional. But it will also make them ineligible for home mortgage. And ruin 401Ks. If you own a home, forgiving the loans will increase your home value. If you restore bankruptcy it will stagnate the housing market for decades. But at least something is done. If nothing… Read more »

Kobra
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Kobra

If President Trump couldn't repeal the Affordable Care Act when Republicans had control of both the House and Senate, how would Bernie get this through congress?

Andre Salazar
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Andre Salazar

#WhiteLogicStrikesAgain #wow #sheesh I'll never understand WHY these idiots say things like this when he KNOWS that he'll break this promise for sure + this almost certainly guarantees he won't get nominated because this is an old-school dinosaur move that NO ONE falls for anymore! #clown