Share to linkedinBernie Sanders will announce a plan today to cancel all $1.6 trillion of U.S. student loan debt.Sanders, a U.S. Senator from Vermont and 2020 presidential candidate, will offer legislation today that is the most ambitious plan yet to address the nation's student loan debt.
During his 2016 presidential campaign, Sanders proposed to make college tuition-free and debt-free. In 2016, he introduced legislation - the College For All Act - that would public colleges tution-free for students.Four-year public colleges and community colleges should be free - including tuition and fees - for everyone.
Sanders will fund his student loan forgiveness plan through a new tax on financial transactions, which he expects could raise more than $2 trillion over the next 10 years. The tax plan will include a 0.5% fee on all stock trades, a 0.1% fee on all bond trades and a 0.005% fee on all derivatives trades.
Streamline the student loan debt forgiveness process using data and income information already available to the federal government.
humorouslyyours sanders BostonReview dcexaminer
What a nut he is.
What about previous students. Lots of money Bernie. A few trillion. Rots a ruck.
No you wont because you dont have a prayer of being elected.
What a lunatic
Like flies to a light 💡 the Dems will all follow.
If its too good to be tru..
Will he cancel my house payment and business debut as well?
He will also cancel any economic growth, any insentive to start a business, the middle class and the US as a global super power.
An empty promise. Unrealistic
Anyone who believes this should not be allowed to vote!
Free moneeeeeeeeeee!
GO TRUMP
Cancel = Make law abiding tax payers accountable to others poor financial decisions.
Vote for Bernie. Free education, free healthcare, free dating apps.... Welcome to the free generation! If we go to war, will freedom come free?
Cancel Bernie
President Lula was released from the jail, on Brazil, and now living in USA!!!🤣💦💦💦💦
Can't out Free me.... Dont you need Congress?
A chicken in every pot and a car in every garage
Spoken like a corrupt power hungry South African politician. Nothing to see here.
Awesome Bernie. Can you pay off my house too?
This 'promise' is different than regular campaign promises bc it involves financial incentives based on actual financial debt instruments. It's comparable to DonaldJTrump offering to cancel mortgages or credit card debt, if elected. Bernie sounds desperate & crazy.
Cancel is very flimsy. What about next semester? What about those who have already gone bankrupt? This appears causal for reparations. A poorly thought out and divisive plan is all the Democrats ever come up with. Which naturally gets Ha'va'ds approval. tt: larry_kudlow tedcruz
At what point will he just say 'vote for me and ill give you $20'
alright sounds good. Where do you find $1.6 trillion though? Asking for a friend
Free college? Who will pay for it?
I mean who cares about the national debt when we can pay for all of these worthless degrees.........
This is why Bernie is not a viable candidate.
To me comes across the same way as when Trump suddenly popped up and said he was putting in a major second tax cut this one off for the middle class right before the 2018 election. Freebies without saying who will pay and fully thought out implications are ridiculous & dishonest
I am heavily paying off my loan of 100k. Don’t tell me all student loan debt will be cancelled right after my last payment. That will hurt. Or any chance I get a refund? Seriously.
If we cancel all future student loans, I would support this. Pay as you go.
Just that easy, huh? I don’t think so!
SenSanders buyingvotes not the way to fix our education system. Reduce the cost!
not cancelling anything. he's making someone else pay for it. CancelStudentDebt is pandering to morons.
Desperation!
Basically paying the college costs of bankers and lawyers with the taxes from waitresses and plumbers...
Too interesting to be true.
have you seen the other crazy claims being made by the rest of the Democratic candidates? the entire party, the people in charge at least ... are fish dead in the water, they need to be taken off of monetary life support, do real work, not vast claims and pandering and nonsense
Hollow promise He can’t even cancel 10% of that
I’d like to buy the vote from kids - in perfect harmony Grow Apple phone and honey I lost a generation and Snow White sent the turtle doves away. That’s the song I hear - what the World needs today.
How much does the US spend on its useless wars?
The headline should continue to say “and then I will raise all of your taxes so you’ll be worse off”
Is he playing out of his pocket? So he isn't cancelling shit!
Well he’s officially gone crazy.
I needed this laugh.
No, he will not.
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