"We have adopted a very warped sense of priorities when we can bail out Wall Street for their criminal activity that crashed the economy," argues Sen. Bernie Sanders, "but we can't cancel student debt in this country." (Photo: BernieSanders.com)
$1,896,944,109,232: Time to Hit Reset on Student Debt. All of It.
In the richest country in the history of the world, it is absurd, to say the least, that we have sentenced an entire generation to a lifetime of debt simply for doing what was expected of them — getting a college education.
Today in America, an entire generation is burdened with a lifetime of student debt that makes them less likely to buy a home, start a new business, or even start a family.
There are many thousands of young people who are graduating college with $50,000, $100,000, or more in debt and some of them, for financial reasons, weren't even able to finish their degree.
And if you go to graduate school or want to attend medical school, law school, or nursing school we're talking about young people who have assumed up to $400,000 or even $500,000 worth of debt.
Further, sadly, hundreds of thousands of working-class high school students no longer see college as an option because of their fear of leaving school with massive debt.
It is time to hit the reset button.
There is $1.8 trillion in student debt owed by more than 46 million Americans -- a number that has tripled since 2008, and the overwhelming majority of which is owed to the federal government.
I am urging President Biden to do the right thing.
To cancel it.
All of it.
Because here is the truth:
In the richest country in the history of the world, it is absurd, to say the least, that we have sentenced an entire generation to a lifetime of debt simply for doing what was expected of them -- getting a college education.
In the richest country in the history of the world, it is a national disgrace that we lead the world in the amount of student debt owed by our people.
In the richest country in the history of the world, hundreds of thousands of young people should not be giving up their dreams because paying off their student loans is too expensive.
In the richest country in the history of the world, we should understand that investing in our young people's education is investing in the future of our nation. It's not only good for the individual student, but for our entire economy.
No, that is not what America is supposed to be about.
We have adopted a very warped sense of priorities when we can bail out Wall Street for their criminal activity that crashed the economy, but we can't cancel student debt in this country.
We have adopted a warped sense of priorities when some of the wealthiest people and largest corporations in our country pay little or nothing in federal taxes, but we can't cancel student debt in this country.
We have adopted a very warped sense of priorities when we give billions of dollars to Jeff Bezos' space company, but we can't cancel student debt in this country.
We have adopted a warped sense of priorities when we can always find enough money for war and the military -- even more than President Biden asked for -- but we can't cancel student debt in this country.
So I believe it is time for President Biden to do the right thing.
It's time for him to cancel student debt in this country.
Right now, the president is hearing from a lot of people on this issue. It's important he hear from all of us as well.
Every day it becomes more obvious that having 46 million people drowning in $1.8 trillion of student debt is not sustainable.
The right thing to do for those people, and for our country, is to cancel it.
We are at a crossroads
This country and this world are at a monumental crossroads. In a few short weeks, US voters will have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. Our Fall Campaign is underway, and we need your help. To power our newsroom through the rest of the year, we need to raise $125,000 by midnight on October 31. So if you share our vision, please contribute whatever you can to sustain our work. |
Today in America, an entire generation is burdened with a lifetime of student debt that makes them less likely to buy a home, start a new business, or even start a family.
There are many thousands of young people who are graduating college with $50,000, $100,000, or more in debt and some of them, for financial reasons, weren't even able to finish their degree.
And if you go to graduate school or want to attend medical school, law school, or nursing school we're talking about young people who have assumed up to $400,000 or even $500,000 worth of debt.
Further, sadly, hundreds of thousands of working-class high school students no longer see college as an option because of their fear of leaving school with massive debt.
It is time to hit the reset button.
There is $1.8 trillion in student debt owed by more than 46 million Americans -- a number that has tripled since 2008, and the overwhelming majority of which is owed to the federal government.
I am urging President Biden to do the right thing.
To cancel it.
All of it.
Because here is the truth:
In the richest country in the history of the world, it is absurd, to say the least, that we have sentenced an entire generation to a lifetime of debt simply for doing what was expected of them -- getting a college education.
In the richest country in the history of the world, it is a national disgrace that we lead the world in the amount of student debt owed by our people.
In the richest country in the history of the world, hundreds of thousands of young people should not be giving up their dreams because paying off their student loans is too expensive.
In the richest country in the history of the world, we should understand that investing in our young people's education is investing in the future of our nation. It's not only good for the individual student, but for our entire economy.
No, that is not what America is supposed to be about.
We have adopted a very warped sense of priorities when we can bail out Wall Street for their criminal activity that crashed the economy, but we can't cancel student debt in this country.
We have adopted a warped sense of priorities when some of the wealthiest people and largest corporations in our country pay little or nothing in federal taxes, but we can't cancel student debt in this country.
We have adopted a very warped sense of priorities when we give billions of dollars to Jeff Bezos' space company, but we can't cancel student debt in this country.
We have adopted a warped sense of priorities when we can always find enough money for war and the military -- even more than President Biden asked for -- but we can't cancel student debt in this country.
So I believe it is time for President Biden to do the right thing.
It's time for him to cancel student debt in this country.
Right now, the president is hearing from a lot of people on this issue. It's important he hear from all of us as well.
Every day it becomes more obvious that having 46 million people drowning in $1.8 trillion of student debt is not sustainable.
The right thing to do for those people, and for our country, is to cancel it.
Today in America, an entire generation is burdened with a lifetime of student debt that makes them less likely to buy a home, start a new business, or even start a family.
There are many thousands of young people who are graduating college with $50,000, $100,000, or more in debt and some of them, for financial reasons, weren't even able to finish their degree.
And if you go to graduate school or want to attend medical school, law school, or nursing school we're talking about young people who have assumed up to $400,000 or even $500,000 worth of debt.
Further, sadly, hundreds of thousands of working-class high school students no longer see college as an option because of their fear of leaving school with massive debt.
It is time to hit the reset button.
There is $1.8 trillion in student debt owed by more than 46 million Americans -- a number that has tripled since 2008, and the overwhelming majority of which is owed to the federal government.
I am urging President Biden to do the right thing.
To cancel it.
All of it.
Because here is the truth:
In the richest country in the history of the world, it is absurd, to say the least, that we have sentenced an entire generation to a lifetime of debt simply for doing what was expected of them -- getting a college education.
In the richest country in the history of the world, it is a national disgrace that we lead the world in the amount of student debt owed by our people.
In the richest country in the history of the world, hundreds of thousands of young people should not be giving up their dreams because paying off their student loans is too expensive.
In the richest country in the history of the world, we should understand that investing in our young people's education is investing in the future of our nation. It's not only good for the individual student, but for our entire economy.
No, that is not what America is supposed to be about.
We have adopted a very warped sense of priorities when we can bail out Wall Street for their criminal activity that crashed the economy, but we can't cancel student debt in this country.
We have adopted a warped sense of priorities when some of the wealthiest people and largest corporations in our country pay little or nothing in federal taxes, but we can't cancel student debt in this country.
We have adopted a very warped sense of priorities when we give billions of dollars to Jeff Bezos' space company, but we can't cancel student debt in this country.
We have adopted a warped sense of priorities when we can always find enough money for war and the military -- even more than President Biden asked for -- but we can't cancel student debt in this country.
So I believe it is time for President Biden to do the right thing.
It's time for him to cancel student debt in this country.
Right now, the president is hearing from a lot of people on this issue. It's important he hear from all of us as well.
Every day it becomes more obvious that having 46 million people drowning in $1.8 trillion of student debt is not sustainable.
The right thing to do for those people, and for our country, is to cancel it.