The introduction of the resolution and its backing by Schumer, the Senate minority leader, is the latest indication that the political mainstream is becoming more comfortable with the idea of cancelling student debt, an idea that first bubbled up during the Occupy Wall Street protests.
“America is facing a historical economic and public health crisis,” Warren said on a conference call with reporters. “We have a responsibility to act, broadly cancelling student loan debt will improve the lives of tens of millions of Americans,” as well as boost the economy and help curb the racial wealth gap, Warren said on the call.
Though the Senators framed the resolution as a way to provide relief to struggling Americans during the coronavirus pandemic, the resolution also situates the proposal as part of curbing the nation’s student loan challenges more broadly.
“Even before the COVID–19 pandemic, the United States also faced a historic student loan crisis, which is currently holding back our struggling economy and restricting opportunity and prosperity for millions of American families,” the resolution states.
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