Progressives Still Pushing for Student Loan Debt Cancellation
Progressives haven’t given up on their push for the White House to cancel up to $50,000 in student loan debt, demanding the proposal get included in the next round of Biden spending plans.
According to The Hill, the debt cancelling faction is getting restless:
“This is one of the areas where progressives aren’t going to take no for an answer at the end of the day,” said Adam Green, co-founder of the Progressive Change Campaign Committee (PCCC).
He suggested that while there is peace between the White House and the left so far, that could change if people are disappointed on the student debt issue.
“So far there has been a complete lack of civil war within the party and almost complete unity for pushing big bold items like the $1.9 billion rescue plan across the finish line,” he said. “We want to be in the trenches together, it feels really good to be there.”
Other voices on the issue say it’s not enough to cut student debt by $10,000.
“Fifty thousand is the compromise of what President Biden can do right now through executive action. It’s confusing why President Biden hasn’t done this knowing it’s exactly what our economy needs,” said Ross Floyd, organizing director at Student Action, a group that supports free college and the full cancellation of student debt.
Never mind the moral hazard of canceling those debts. And forget all about the fairness of zeroing out the debts of some, while their contemporaries paid their loans off. And sure, the ideas to make community college and state higher ed “free” is nice, but hardly compares to erasing debts.
Just remember who foots the bill for all of this stuff: the American taxpayer. Rich, poor, middle class or something else, the bill for debt forgiveness, free college, and a lot more falls on you.