Thursday, January 23, 2020

Student debt and Elizabeth Warren...

Man confronts Elizabeth Warren about her plan to wipe out student loans




While attending a “community conversation” in Grimes, Iowa, this past Monday, a man approached Elizabeth Warren to ask her a question about her student loan plan. He was irked by having debt redistributed and Warren was decidedly unsympathetic.
Warren wants to wipe out student debt – and she claims she can do it with a stroke of her pen via executive order:
[T]he Department of Education already has broad legal authority to cancel student debt, and we can’t afford to wait for Congress to act. 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 -- in addition to using all available tools to address racial disparities in higher education, crack down on for-profit institutions, and eliminate predatory lending. 
[snip]
Here’s how it will work: 
  • I’ll direct the Secretary of Education to use their authority to begin to compromise and modify federal student loans consistent with my plan to cancel up to $50,000 in debt for 95% of student loan borrowers (about 42 million people).
  • I’ll also direct the Secretary of Education to use every existing authority available to rein in the for-profit college industry, crack down on predatory student lending, and combat the racial disparities in our higher education system. 
The plan, of course, ignores the fact that students blithely take on debt despite getting majors in areas that will never result in jobs that enable them to pay off that debt. That is, she intends to reward them – or their families – for being completely irresponsible.
And it is that reward for irresponsibility that saw an irritated man approach Elizabeth Warren to complain about her proposal – and to get from her, in return, her dismissal of his concerns, a laugh, and a smirk.

The audio is a bit difficult to hear, but it appears that the man opens the conversation by saying, “My daughter is getting out of school. I’ve saved all my money. She doesn’t have student loans. Am I going to get my money back?”
Warren doesn’t even have the grace to praise him for being responsible. Instead, she responds instantly: “Of course not.”
The man, beginning to be upset, asks, “So you’re going to pay for people who didn’t save any money, and then those of us who did the right thing get screwed?”
And that’s when Warren’s tin-ear and lack of compassion kicks in. She smirks, she shrugs, and she says, “No, it’s not anyone got [sic] screwed….”
“Of course, we did,” says the man. “My buddy had fun, bought a car, went on vacation. I saved my money. He made more than I did, but I worked a double shift for the extra money for my daughter since she was 10. So you’re laughing at me.”
“I’m not,” says Warren.
The man knew what he had seen. “Yeah, that’s exactly what you’re doing. We did the right thing, and then we get screwed.”
As if she’d heard nothing he said, Warren reaches out to shake the man’s hand, saying as she does, “I appreciate it.”
He's having none of it. “Nah, that’s all right,” he says, waving off her proffered hand and walking away.
Not only is Elizabeth Warren a wannabe tyrant who intends to implement plan after plan to incrementally nationalize America’s wealth, she’s also a dumb bunny who, once she’s off-script, has little to say for herself and no compassion. Indeed, that lack of compassion hints that she’s a sister-under-the-skin to the woman who once called half of America “deplorables.”
While attending a “community conversation” in Grimes, Iowa, this past Monday, a man approached Elizabeth Warren to ask her a question about her student loan plan. He was irked by having debt redistributed and Warren was decidedly unsympathetic.
Warren wants to wipe out student debt – and she claims she can do it with a stroke of her pen via executive order:
[T]he Department of Education already has broad legal authority to cancel student debt, and we can’t afford to wait for Congress to act. 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 -- in addition to using all available tools to address racial disparities in higher education, crack down on for-profit institutions, and eliminate predatory lending. 
[snip]
Here’s how it will work: 
  • I’ll direct the Secretary of Education to use their authority to begin to compromise and modify federal student loans consistent with my plan to cancel up to $50,000 in debt for 95% of student loan borrowers (about 42 million people).
  • I’ll also direct the Secretary of Education to use every existing authority available to rein in the for-profit college industry, crack down on predatory student lending, and combat the racial disparities in our higher education system. 

 The plan, of course, ignores the fact that students blithely take on debt despite getting majors in areas that will never result in jobs that enable them to pay off that debt. That is, she intends to reward them – or their families – for being completely irresponsible.
And it is that reward for irresponsibility that saw an irritated man approach Elizabeth Warren to complain about her proposal – and to get from her, in return, her dismissal of his concerns, a laugh, and a smirk.

The audio is a bit difficult to hear, but it appears that the man opens the conversation by saying, “My daughter is getting out of school. I’ve saved all my money. She doesn’t have student loans. Am I going to get my money back?”
Warren doesn’t even have the grace to praise him for being responsible. Instead, she responds instantly: “Of course not.”
The man, beginning to be upset, asks, “So you’re going to pay for people who didn’t save any money, and then those of us who did the right thing get screwed?”
And that’s when Warren’s tin-ear and lack of compassion kicks in. She smirks, she shrugs, and she says, “No, it’s not anyone got [sic] screwed….”
“Of course, we did,” says the man. “My buddy had fun, bought a car, went on vacation. I saved my money. He made more than I did, but I worked a double shift for the extra money for my daughter since she was 10. So you’re laughing at me.”
“I’m not,” says Warren.

The man knew what he had seen. “Yeah, that’s exactly what you’re doing. We did the right thing, and then we get screwed.”
As if she’d heard nothing he said, Warren reaches out to shake the man’s hand, saying as she does, “I appreciate it.”
He's having none of it. “Nah, that’s all right,” he says, waving off her proffered hand and walking away.
Not only is Elizabeth Warren a wannabe tyrant who intends to implement plan after plan to incrementally nationalize America’s wealth, she’s also a dumb bunny who, once she’s off-script, has little to say for herself and no compassion. Indeed, that lack of compassion hints that she’s a sister-under-the-skin to the woman who once called half of America “deplorables.”


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