Sen. Bernie Sanders on Monday proposed eliminating all of the nearly $1.6 trillion in outstanding student loan debt owed by Americans, raising the stakes on an issue that has increasingly animated the progressive base of the Democratic party.
“The overwhelming majority of the people who are going to benefit from this legislation are working-class people,” Sanders said, surrounded by progressive lawmakers, including Reps. Pramila Jayapal , Ilhan Omar and Alexandria Ocasio-Cortez , who are filing a companion bill to Sanders’ proposal in the House.
The lawmakers pitched the effort as a “bailout” for millennials and the working class, funded by Wall Street. Sanders would pay for his higher education plan by imposing a new tax on Wall Street transactions, including stock trades, bonds and derivatives. His campaign said that taxes would generate more than $2.4 trillion over the next decade, enough to cover the $2.2 trillion higher education plan.
Sanders previously called, during the 2016 presidential campaign, for eliminating tuition at public colleges and universities for all students. He sparred over that issue with Hillary Clinton, who attacked his plan for subsidizing wealthy families who can already afford to pay for college. Sanders ultimately backed a compromise with Clinton ahead of the 2016 Democratic convention that called for limiting free public college tuition to families earning less than $125,000.
Who is paying for it? Me? F*** that socialist, I have already paid for my college education. Now the rest of your lazy Millennials can pay for theirs.
I have a new slogan for this: Hell no We won’t pay To make your debt Go away!!!!
Who pays for that?
I cant wait for my Bernie phone.
Desperate, it’s over, go home Bernie...
Someone has to repay the financial institutions that funded the money
Selling hope with a lie is dishonest and unamerican.
What about holding Universities accountable for the rapid escalation in tuition and fees? Or, their seemingly inability to actually prepare most its undergrads for careers that support their lifestyles?
Two people who should never be president......Bernie and Don the Con.
Guess who he’s gonna tax to fund it
Can I get him to payoff my mortgage....lol
😂🤣😂🤣😂🤣😂🤣
The wealthy dont have student loan debt
Especially for the wealthy*
NEWSFLASH: The wealthy don't have student loan debt. Idiots
If there’s anyone who does not believe in personal responsibility, it’s Bernie Sanders
Who is that woman in her pajamas and wearing a swimming cap?
Hmmm
Bernie the man with no marbles left
Mine were paid of many years ago. Do I get a refund?
So to pay for this Bernie plans oppressive tax on Wall Street, you know that place that finances your 401k and pension plan. But somehow this doesn't square with Karl Marx that declares that 'it is high treason to pay taxes' Which is it Bernie? BernieSanders fraud taxes
And if this doesn’t push him to be the top Democratic candidate he will next offer to eliminate all mortgages.
Is this the I unrealistic and achievable promise akin to “building a wall and having Mexico pay for it ?”
Only 3 out of 10 Americans have college degrees so this trillion dollar bail out does nothing for them. So we'll spend over a trillion tax dollars to help a very small percentage of the population. Sounds a lot like Trump.
I have no student debt. What will i get besides being hosed?
👁cBSnews
2020 will not be an easy race!
Crazy how we’re so conditioned to getting raped by Wall St. and big banks that when one working class bailout is proposed, corporate bootlickers act like the guillotines are being rolled out. Y’all should rly be thanking Bernie, his ideas are precisely designed to prevent that.
AOC BernieSanders I don't support free college. I believe there must be some degree of responsibility or affordable tuition.
Me hurrying to graduate if he gets elected
hhmmmm! 'touchy feely guy' 'accused of rape guy' or 'guy who will write off my education debt' who should i vote for ?
well, that'll drive the youth vote ! :P
Bernie Sanders he's a person that's going nowhere fast talk is cheap Bernie you can't do anything about it and neither can your Democrat buddies
Desperate...
Must be fun to live in Neverland.
lol, he wants to be Venezuela
'erase'? someone has to pay, either tax payers or Sallie May stock holders who eats this 'cost'? 'Socialism, where the many can force the few to pay for the whims of masses'
Immigration reform please
I'm fine with eliminating student debt equivalent to the 4-yr in-state tuition rate during the time when someone went to college. Anything else is the student's choice for attending a different school. That was a conscious decision that the rest of us shouldn't have to pay for.
Why stop there? What about people who already paid their loans off? Reimburse ‘em!
Quiere los votos de los jóvenes Quién pagará esos préstamos ? ... Nada más q los constituyentes !! Prepare el bolsillo 🤨
He’d get my vote if he eliminated outstanding mortgage loan debt
AOC BernieSanders No we don’t , people need to pay back the money they borrowed, not tax paying people
AOC BernieSanders I have a late library book that I am afraid to take back. It may cost more than anticipated. AOC can you cover this too?
AOC BernieSanders everything should be free....the government should raise our children....nobody should HAVE to work....drugs and alcohol should be supplied at no cost to anyone.....everybody knows this.....
AOC BernieSanders I don't agree. Public tuition however does need to be affordable. And, loan forgiveness just rewards people who overspent and made bad decisions.
AOC BernieSanders Cool, love the idea of giving colleges blank checks to provide underperforming students 5 additional years of public education. Looking forward to paying for baristas’ 5 yr liberal arts degrees.
AOC BernieSanders Democrats are the party of socialism vote the bums out
AOC BernieSanders One person wants to go to Cal-Berkeley, another wants “local state U” are both educations worth the same? Why should both be free? How about professor pay? These plans have more holes than Swiss cheese. Will no one answer these simple questions?
AOC BernieSanders Of course college should be free, but this issue is given disproportionate weight by the college-educated professional-managerial class that dominates 'progressive' politics. Demanding free childcare, housing, etc is a rallying cry more in line with working families' concerns
AOC BernieSanders AOC and Bernie Sanders...you need to get Young People involved in Political Process.
Bernie Sanders released a sweeping higher education plan that includes canceling all of the nearly $1.6 trillion of existing student loan debt that’s owed by roughly 45 million Americans. And here's how the presidential candidate plans to do it
AOC BernieSanders Lol, AOC and Bernie cannot give a speech to their followers without the word “free” or without a handout or giveaway. They are giving away items that they do not own, it’s absolutely ridiculous. Try giving a speech without promising a handout or give away.
AOC BernieSanders I would rather continue to have the freedom to spend the money I earn the way you choose. No thanks.
AOC BernieSanders Idiots party of two your table is ready...
AOC BernieSanders I did not go to college, I went straight to work and paid taxes and have no debt. What’s in it for me? And why should I pay for some who made poor decisions?
AOC BernieSanders How nice of her to have the tuition of the privileged who got college education be paid by the unprivileged who do not have college education, or worked to earn the money to pay their own tuition. And she presents it as 'social justice'.
AOC BernieSanders How about we actually make good public schools so that when you graduate you can read and write and not need to take remedial math/ reading classes in college.
AOC BernieSanders REPARATIONS for paying off my mortgage!!!! Wheeeee!!!
AOC BernieSanders Can't ya throw in free flying cars for everybody, dammit? IwantStuffToo
AOC BernieSanders REPARATIONS for everyone who ever paid off their student loans!!!
AOC BernieSanders Look...nothing is ever free. Ever. There is always some cost hidden somewhere. In this case, it’s going to be in taxes. You will see an increase of taxes and those who didn’t attend college will be paying for other people to go. People have gotten so ignorant, they see headlines.
AOC BernieSanders Translation: “Goverment f-ed this up. Now it’s time for us to eff it up some more.”
AOC BernieSanders Ha, 7 people clapping
AOC BernieSanders Everything should be free. And the tax rate shd be 77% so we can pay for all of this. Lack of rational economic thinking on the left fringe of the Democrats
AOC BernieSanders 'We have to make all college degrees absolutely worthless.'
AOC BernieSanders THAT ........ is one dumb woman.
AOC BernieSanders If you want everything handed to you. Shame
AOC BernieSanders What is the correct term for a group of Russian assets? CollectiveNouns
AOC BernieSanders Both of them are being unrealistic. Nothing is free. I paid for college, as did our kids and so on. All this will do is divide Democrats in voting because it is so utterly irresponsible to think it can happen. Instead focus on issues that our 45 is bringing into the forefront.
AOC BernieSanders Why are you stopping at student loan debt? Why not just 'forget' the national debt and everybody's mortgages?
AOC BernieSanders Typically those enters college are 18 years old or older and graduate at 22 or older. So they can vote, serve in military despite AOC’s claims otherwise
AOC BernieSanders No, we need to stop expecting the government to pay for everything. Be your own success story without a handout.
AOC BernieSanders TomPerez SpeakerPelosi SenSchumer Rebuke them! 2 dangerous people. BERNIE Sanders Russian propaganda Campaign against Hillary Clinton & Democrats in 2016 WAS the Sign in trying to sink the Democratic PARTY! NOW, Democrats GOT 2, 3, wild FOLKS THAT CAN'T drive in THEIR lane?
AOC BernieSanders Hell to the No!
AOC BernieSanders I want the money I paid back last year, then. All $30k of it. If I can roll up my sleeves, so can everyone else. Full Stop
AOC BernieSanders Oh look. A socialist promoting an idea that takes from poor people to disproportionately help white, wealthy people. Racist Che would be so proud.
AOC BernieSanders So who is not going to get paid? The professors? The administrators? The book manufacturers?
AOC BernieSanders Drug test this loser, seriously
AOC BernieSanders Moral hazard
AOC BernieSanders What about mortgages, cars, credit cards. If you’re going to do it for some, why not everything.
AOC BernieSanders News Flash: Old guy falling in polls panders for votes of younger people.
AOC BernieSanders FFS
AOC BernieSanders So the government borrows money, lends it to students, now wants to forgive the debt, just to buy votes for leftists, but still owes the money it borrowed . . . and people wonder why the national debt is huge and growing.
AOC BernieSanders The debt wouldn’t just “go away” like these ignorant people want us to think it would. Somebody’s going to have to pay back the financial institutions. So get ready to have a big tax taken out of your paycheck whether you had a student loan or not!
AOC BernieSanders How has no one thought of this before? Why don’t we make everything free? Why didn’t we make everything free in the first place?
AOC BernieSanders
AOC BernieSanders Which will make all college education worthless. Good plan cupcake.
AOC BernieSanders Well if you’re going to eliminate student debt, why stop there. Let’s eliminate real estate taxes to help families, not individuals. Let’s eliminate auto insurance. How about tax on the sale of homes. In fact, let’s eliminate SALES TAX too. This way everybody gets free stuff.
AOC BernieSanders Nothing is free and debt doesn't just magically disappear
Nah. Think this is the first time I disagree with Bernie.
AOC BernieSanders I'm sure she's put a lot of thought into how this would work
AOC BernieSanders Quickest way to devalue any product or service is to “...make it free...”.
AOC BernieSanders Free Stuff 2020
AOC BernieSanders Did Omar marry her own brother?
AOC BernieSanders Why aren't university presidents paraded before congress to explain the high tuition rates? They did it with bankers. Also will those who sacrificed to pay their tuitions be compensated for their losses?
AOC BernieSanders She's a liar- 17 yr olds don't take on $250K of debt unless they pre-finance their BS, MS, PhD and residency.
AOC BernieSanders How much are AOCs student loans
AOC BernieSanders Oh for the love of heavens. Does this mean I’ll get my 90K back?
What about people who already paid off their students loans and had it tough. What do we get? Nothing.
Even the wealthy? I oppose means testing in general but not in some specifics and while I like the aspiration of student debt forgiveness (Warren’s plan is well thought out), I don’t like the idea of taxpayers supporting wealthy graduates.
SocialistDemocrat BernieSanders can’t wait to get GrubbyHands on AmericanProfits on WallStreet thanks to sound EconomicPolicies of PresidentTrump DemocratClowns want to RedistributeWealth & hand out Freebies to BuyVotes 🤨 NoThanks FreebiesNotFree TRUMP2020 KAG
No Bernie. Think of something better. My campaign for POTUS 2020 starts next month. Watch for my approach.
As a parent who started a college fund for my daughter when she was young and gave up on a bigger home expensive vacations I find this wrong. Maybe find ways to cut costs for college but I don't think anything is free-someone pays!
Bernie’s panderingforvotes
How about the people that are delinquent just because they don't want to pay even if they make very good money?
Please stop. There are over 20 real democrats. Pick one.
Must be kidding, where is the 1.6 trillion dollars from?from U.S treasury department or treasury bond? or increase personal income tax? Such ridiculous conception, MR sanders, your purpose attempt to hooked more votes only, bullshit.
“owed by Americans.” Yo thats racist!
. Wallstreet got a GOVERNMENT bailout........just because . reparations2020 ados only BasicIncome $8,000 a month StudentLoanDebt cancel raisethewage $75/hour Medicare4All free
Where the hell do they think the money is going to come from? I can tell u, it's our wallets.
So screw everyone else that have busted their humps working two jobs 2 pay off their student loans only 2 see others get it free?😤
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