Elizabeth Warren Says She Will Cancel Student Debt for Millions on Day One
“we can’t afford to wait for Congress to act”
Why stop there? Why not wipe out our national debt as well?
Yahoo News reports:
Elizabeth Warren says she will cancel 42 million borrowers’ student debt — on Day 1
Presidential candidate Elizabeth Warren doesn’t just want to cancel student debt for 42 million borrowers — she wants to do it on Day 1 of her presidency.
In a new plan released Tuesday, the Massachusetts senator wrote that after years as a policymaker on Capitol Hill, “I learned two key things. First, the student debt crisis is deeper than many experts thought was possible. And second, the Department of Education has broad authority to end that crisis.”
Hence, “we can’t afford to wait for Congress to act,” she added. “So I will start to use existing laws on day one of my presidency to implement my student loan debt cancellation plan that offers relief to 42 million Americans.”
Warren’s accelerated timeline of cancelling student debt for a wide swath of borrowers was noteworthy, experts said, because she was going to give the Education Department much more power to do so.
“What she’s saying is that the [Education Department] has some existing authority under law to either modify or cancel student loans, and that she would use that authority to enact a big chunk of her legislative proposal on essentially Day 1 or something close to that,” Ben Miller, vice president for postsecondary education at the Center for American Progress, told Yahoo Finance.
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Comments
I would love to have my student loans go away. But I still wouldn’t vote for Fauxcahontas, even if I believed her.
How many Million$ was Lizzie paid to pay that one class at Havard?
lol…another lie.
It’s completely impossible to do this on day one. I wonder when the snopes and cnn fact checkers will get on this.
She is promising to dole out our tax money to buy votes. It costs her nothing, but she hopes it will buy enough votes for her to win.
You’d actually have to be president first, Liz. And that ain’t happening.
Plus Lizzie has to be the Dem Nom first too…..
But with Obama butt pushing her hard, Lizzie is DOOMED!
Debt cancellation for 42 million Americans.
Wow, that’s a lot of bribery, even by Democratic standards.
But what puzzles me is how this can be called “a big chunk of her legislative proposal” when she’s planning to bypass the legislature entirely.
Gee… What a surprise that Fauxcahontas is fast and loose with our money. This proves that Obama’s intent to bring the student loan debt into the Federal government was done specifically with this in mind. I worked a full-time job while going to school full-time and I didn’t co-sign any student loan documents for anyone getting a PhD in Lesbian Dance Theory… Get a degree that makes you employable and beneficial to society and we’ll talk…
Lesbian Dance Theory? Isn’t that the one class Lizzie taught at Harvard for $1 Million$ a year?
“So kid, the President gonna give you a new pair of shoes?” -Firesign Theater “We’re All Bozos on This Bus”
Apparently so.
“…and rootbeer will replace water in the school water fountains!”
Liz Warren campaigning for school president at Rutherford Hayes Elementary School way back when.
“Elizabeth Warren Says She Will Cancel Student Debt for Millions on Day One”
Perhaps “Der Fuehrer” Warren can show us all where in the Constitution the President is given the authority to do that. Oh, I forgot, the Communists – er, I mean the Democrats – do not trouble themselves with such trivial matters as our Constitution.
Barrack let Government Motors stiff their bond holders…..
Frankly, I always wondered how he managed to do that. Never understood the reasoning behind it.