Official Bernie Sanders HQ: Not Me, Us!

[Shikamaru]

 

[OfTheCross]

Sanders to propose canceling entire $1.6 trillion in US student loan debt

I'm against cancelling student debt for all.

I'll read his plan later to check it out

 

[GnauzBookOfRhymes]

I'm against cancelling student debt for all.

I'll read his plan later to check it out

he probably doesn't have a plan other than "dominate the news cycle b/c campaign is imploding" or "steal warren's plan but make it politically unworkable"

they need to make it proportionate to income, but attach a clause to the agreement that if the beneficiary of the program starts making 250K (or some other figure) in the future that they should be obligated to pay SOMETHING

 

[ADevilYouKhow]

Bernie desperate as hell

 

[Hood Critic]

In his defense, you have to start at the ceiling to work down to an agreeable deal. The problem is Bernard doesn't have the details worked out while his contemporary does and her plan is more viable just from a surface perspective.

But as others have said, his presence over the last several years has yielded a lot of platform benefits for voters if nothing else.

 

[FAH1223]

I'm against cancelling student debt for all.

I'll read his plan later to check it out

Cancelling the debt boosts GDP by $100B+ per year and creates 1.5 million jobs.

More money to spend, more stimulus.

Instead of a $1.5 trillion tax cut last year, a $1.5 trillion cancellation of the debt would have been far more beneficial... the issue is, you gotta control costs of universities and get tuition down but a lot of it has to happen with the state governments.

 

[No1]

Cancelling the debt boosts GDP by $100B+ per year and creates 1.5 million jobs.

More money to spend, more stimulus.

Instead of a $1.5 trillion tax cut last year, a $1.5 trillion cancellation of the debt would have been far more beneficial... the issue is, you gotta control costs of universities and get tuition down but a lot of it has to happen with the state governments.

Moreover, it would decrease the black to white wealth gap from 12:1 to 5:1. This objectively better than Warren’s plan and what I called for her to do for months. Also, Sanders first proposed a version of this in 2015. This whole Sanders vs. Warren beef and calling his ideas, which are actually pretty damn thorough unworkable is counterproductive. @GnauzBookOfRhymes @Hood Critic

This method of payment is already in effect in Europe.

 

[FAH1223]

 

[OfTheCross]

Moreover, it would decrease the black to white income gap from 12:1 to 5:1. This objectively better than Warren’s plan and what I called for her to do for months. Also, Sanders first proposed a version of this in 2015. This whole Sanders vs. Warren beef and calling his ideas, which are actually pretty damn thorough unworkable is counterproductive. @GnauzBookOfRhymes @Hood Critic

This method of payment is already in effect in Europe.

Can you tell me how it does that? I'm curious but won't be able to parse through it all til tonight

 

[88m3]

Moreover, it would decrease the black to white income gap from 12:1 to 5:1. This objectively better than Warren’s plan and what I called for her to do for months. Also, Sanders first proposed a version of this in 2015. This whole Sanders vs. Warren beef and calling his ideas, which are actually pretty damn thorough unworkable is counterproductive. @GnauzBookOfRhymes @Hood Critic

This method of payment is already in effect in Europe.

based on what data? 'Seems like a big bailout for cacs to me

 

[afterlife2009]

Can you tell me how it does that? I'm curious but won't be able to parse through it all til tonight

Looking at the time series of median wealth for households headed by black and white people between the ages of 25 and 40 (what we refer to as “white households” and “black households”) in successive waves of the Survey of Consumer Finances (SCF) reveals these racialized patterns. Overall, and as is well-known, black households have far lower levels of wealth than white households, and in percentage terms, their wealth declined far more in the Great Recession and ensuing “recovery” than did the wealth of white households. These charts break out median wealth with and without student debt, and what they show is that while student debt has been increasing as a burden on household balance sheets, that worsening pattern is more pronounced for young black households than for young white households. By this measure, the racial wealth gap (the ratio of the median wealth of white households in that age range to the median wealth of black households in that age range) is approximately 12:1 in 2016, whereas in the absence of student debt, that ratio is 5:1.

A Radical Solution to the Student Debt Crisis - Roosevelt Institute

 

[No1]

Can you tell me how it does that? I'm curious but won't be able to parse through it all til tonight

I misspoke, I meant WEALTH gap. We have a much higher amount of student loan debt. I’ll edit that later. That’s my bad.

 

[No1]

based on what data? 'Seems like a big bailout for cacs to me

@Skyfall already posted it. My question is whether it takes into account private loans, which a lot of people and people of color have. I haven’t seen that in it yet. I do like the annual 1.3 billion to HBCUs.

 

[Reece]

he probably doesn't have a plan other than "dominate the news cycle b/c campaign is imploding" or "steal warren's plan but make it politically unworkable"

they need to make it proportionate to income, but attach a clause to the agreement that if the beneficiary of the program starts making 250K (or some other figure) in the future that they should be obligated to pay SOMETHING

The more time goes on, the more obvious it becomes that Bernie just blurts shyt out with no real plan on how to do it. What’s the point of voting for someone like that when 90% of what he’s talking about will never make it on to the floor.

 

[GnauzBookOfRhymes]

based on what data? 'Seems like a big bailout for cacs to me

This is such a silly counter argument.

So what if white people will benefit. So will many black people. And it will be proportionately more advantageous for black folks since even if they have the degrees, the debt is a much greater burden (due to lack of family wealth and inherent discrimination etc in job market).