New Economic Study ‘Demolishes’ Myth About Student Debt Parroted by Joe Biden

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      eridani
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      https://www.commondreams.org/news/2021/02/18/new-economic-study-demolishes-myth-about-student-debt-parroted-joe-biden

      “Entire generations of working-class kids were encouraged to go into more debt under the guise of elitism. This is wrong,” Ocasio-Cortez tweeted late Tuesday. “The case against student loan forgiveness is looking shakier by the day… We can and should do it. Keep pushing!”

      Speaking of the freshly published JFI study, Beamer on Thursday tweeted that she was “waiting until this report came out to address the ridiculous ‘Harvard, Yale, and Penn’ comment” from Biden, calling it “a myth” that borrowers attending elite schools “would overwhelmingly benefit from forgiveness compared to their peers elsewhere.”

      Other progressive politicians and advocates also pushed back on Biden’s remarks. Rep. Ayanna Pressley (D-Mass.) affirmed that the president could cancel student debt “with the stroke of a pen.” Americans for Financial Reform, which has led demands for Biden to cancel $50,000 of student debt per borrower through executive action, on Wednesday decried Biden’s proposed $10,000 per person debt relief as inadequate.

      “Far more than $10,000 in cancellation is required,” the group said, “to provide aid that 44 million families and the economy need.”

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

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