Bernie is getting desperate and throwing around trillions of dollars in spending like they were nickels in a fountain. In fact, all Democratic candidates are except Joe Biden, but that is probably because he wants to figure out a way to funnel it to his son, Hunter.
His latest offering is canceling all student debt to the tune of $1.6 trillion dollars. One thing he doesn’t propose is how he will pay for it. Well, actually he has been somewhat honest and says if he is elected, your taxes will rise accordingly, but that you will be happy to pay it.
WASHINGTON – Sen. Bernie Sanders, I-Vt., will propose on Monday eliminating all $1.6 trillion of student debt held in the United States, a significant escalation of the policy fight in the 2020 Democratic presidential primary two days before the candidates’ first debate in Miami.
Sanders is proposing that the federal government pay to wipe clean the student debt held by 45 million Americans – including all private and graduate school debt – as part of a package that also would make public universities, community colleges and trade schools tuition-free.
Sanders is proposing to pay for these plans with a tax on Wall Street his campaign says will raise more than $2 trillion over 10 years, though some tax experts give lower revenue estimates.
Sanders will be joined Monday by Rep. Ilhan Omar, D-Minn., who will introduce legislation in the House to eliminate all student debt in the United States, as well as Rep. Pramila Jayapal, D-Wash., co-chairwoman of the Congressional Progressive Caucus, who has championed legislation to make public universities tuition-free.