Hood Critic

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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.
I'll get back to you when I can go back and read the details of his 2015 proposal and the recent one.
 

No1

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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.
So Barbara Lee, Sheila Jackson, and all those black cosponsors and Ilhan Omar are stupid? Ilhan Omar was the one who pushed the debt relief FYI. This is what happens when you have millennials in Congress. You get millennial focused policy.
 

88m3

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@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.

this is key, especially knowing a lot of young black people got swindled by for profit education and a lot of advanced degrees, even things like nursing require private loans
 

88m3

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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).

My complaint is that they'll benefit disproportionately...

I paid off my student loans, including private loans that had 10%+ interest rates. It doesn't sit well with me.


How is the debt being resolved as well? Will taxpayers at large be footing the bill?
 

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My complaint is that they'll benefit disproportionately...

I paid off my student loans, including private loans that had 10%+ interest rates. It doesn't sit well with me.


How is the debt being resolved as well? Will taxpayers at large be footing the bill?
The majority of people who have already paid their loans off support debt forgiveness. You’re in the minority. You couple that with tuition free college and universal pre-k (Warren) and they’ll roll with it. It’s being paid for by taxing Wall Street transactions. In other words, he is framing it as we bailed our Wall Street now they need to bail out America.
 

GnauzBookOfRhymes

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My complaint is that they'll benefit disproportionately...

I paid off my student loans, including private loans that had 10%+ interest rates. It doesn't sit well with me.


How is the debt being resolved as well? Will taxpayers at large be footing the bill?

My point is it's stupid to discount a policy that we KNOW will have huge benefits for a group that desperately needs it, because it will also help many who may not need it. Especially since trying to make the policy only apply to one group will doom it to fail.

The second part is your actual concern. Don't be silly and try to make it seem like your concern is that white people will disproportionately benefit :mjlol:

I actually can understand your point abt it being unfair to people who paid off their loans - I'm in that group as well, although to be fair I only had 30K, not the crazy 6 figure amts that many end up with nowadays. But on some issues you gotta look at the bigger picture. The loan issue is a huge drag on our economy.

Not sure how much of the debt is held directly by fed gov't, vs private lenders....might be that for loans held privately, the govt may only cover losses to a certain percentage.

Or maybe at some point they'll change bankruptcy laws and let people discharge student loan debt in same way that consumer debt is wiped out. Devil is in the details. But at least it's being openly discussed.
 

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So Barbara Lee, Sheila Jackson, and all those black cosponsors and Ilhan Omar are stupid? Ilhan Omar was the one who pushed the debt relief FYI. This is what happens when you have millennials in Congress. You get millennial focused policy.

I didn’t say that. Stop putting words in my mouth. I said Bernie has a tendency to throw paint at the wall. Voters want the policies but they want policies that make sense and are actually viable. You should have your entire plan ironed out from beginning to end before you even think about going to the public.
 

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I didn’t say that. Stop putting words in my mouth. I said Bernie has a tendency to throw paint at the wall. Voters want the policies but they want policies that make sense and are actually viable. You should have your entire plan ironed out from beginning to end before you even think about going to the public.
Bernie usually posts his policies on site or through medium. He always has. He just doesn’t sell it as well as Warren, which why I said she is a better communicator. She makes revolutionary stuff seem normal and common sense. I’d bet that she would explain this plan better than him.
 

Hood Critic

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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.

So his new proposal is more progressive than his 2016 proposal of just free college and a re-fi of student loans. The current plan has some favorable points I agree with, the institutions restrictions on what they can spend aid on and the targeting of low-income families through pell grants, work study and state dollar for dollar matching.

It does seem like Bernie came with a more thought out plan this time around and I'm not mad at it at all. I agree with him on the who cares if the rich will also benefit from this - higher education should be considered a right, not a luxury as it overall benefits our society.

If Robert Pollin's numbers are right, then the Wall Street tax would pay for the plan in 10 years, therein will be the battle.
 

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So his new proposal is more progressive than his 2016 proposal of just free college and a re-fi of student loans. The current plan has some favorable points I agree with, the institutions restrictions on what they can spend aid on and the targeting of low-income families through pell grants, work study and state dollar for dollar matching.

It does seem like Bernie came with a more thought out plan this time around and I'm not mad at it at all. I agree with him on the who cares if the rich will also benefit from this - higher education should be considered a right, not a luxury as it overall benefits our society.

If Robert Pollin's numbers are right, then the Wall Street tax would pay for the plan in 10 years, therein will be the battle.
He also had a 2017 plan with Warren and Keith Ellison and others. This is even more progressive than that. He and Warren keep pushing each other farther left.
 

Berniewood Hogan

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