Connect with us

A O C

Ocasio-Cortez Wants Feds To Cancel All Student Loans. Hmmm, Could It Be Because, As AOC Says ‘I Have Student Loans Too’?

Kirsters Baish’ Opinion | Former Bartender turned Democratic New York Representative, Alexandria Ocasio-Cortez, is siding with Independent Senator Bernie Sanders of Vermont in his proposal to cancel all student loan debt since she still has her own student loans to pay off.

On Monday, Ocasio-Cortez was speaking in support of Senator Sanders’ bill that Breitbart News reports would “cancel $1.6 trillion in student loan debt,” the self-proclaimed Democratic Socialist spoke of her “personal stake” in the matter.

According to Breitbart, “She wants to make the bill a reality, in part, because she has outstanding student loans.”

“I will be completely honest. I will disclose my personal stake in this fight because I have student loans too,” AOC said on Monday. “And I think it’s so funny. A year ago, I was waiting tables in a restaurant.”

“It was literally easier for me to become the youngest woman in American history elected to Congress than it is to pay off my student loan debt,” she went on. “So that should tell you everything about the state of our economy and the state of quality of life for working people.”

The Democratic Congresswoman implied that her role as a lawmaker “put her in a better position to be able to access affordable health care and pay off her student loan debt, although it has still not been eradicated,” according to Breitbart.

“I had to do something that was nearly impossible,” she stated, continuing on to claim that the standards are far too high, and every single individual should be able to obtain an education, health care, and what she considers other basic “human rights.”

The Democratic Congresswoman sent out a subsequent tweet in which she slammed the GOP’s tax cuts, which gave around two-thirds of American taxpayers economic relief.

She wrote, “Student loans are a scam.

That’s why I join @BernieSanders, @RepJayapal & IlhanMN to forgive ALL student loans AND make colleges tuition-free.

PS: for the cost of the GOP tax scam (~$2 trillion), we could’ve already forgiven every student loan in America w/ billions left over.”

According to Breitbart, “It is a less than ideal comparison, as the majority of Americans benefited from the cuts. Interestingly, a significant number of Americans are utterly unaware of that fact.”

Breitbart News previously reported:

Two-thirds of American taxpayers will pay less in taxes for their 2018 earnings, according to the independent Tax Policy Center. Eighty-one percent of the middle one-fifth of income earners received a tax cut. Just 5.5 percent of households got a tax hike of $100 or more—and most of those were in the upper-income tax brackets.

Yet far from celebrating their lower tax bills as they prepared to file for the April 15th deadline, many Americans remain convinced they got no tax cut at all—or even that their taxes went up. An NBC/Wall Street Journal poll in April showed that just 17 percent of Americans believe their taxes have been cut. A shocking 28 percent say they believe their taxes went up. Other surveys have consistently found that less than one-third of Americans think they got a tax cut.

The proposed “College For All Act” would cost around $2 trillion for the United States. Those in favor of the act claim that it would be paid for by increased Wall Street taxes.

“Despite the sweeping proposal, many questions are left unanswered. It remains unclear what will happen to those who have partially paid off student loan debts, nor is it clear if there will be a government reimbursement for individuals who have successfully paid their debt off. There are also minimum details on how colleges would transition to ‘tuition free’ institutions. There are no details on who would take on the financial burden of college books and boarding, as well,” according to Breitbart News.

According to Sanders’ website, the act “would provide $47 billion per year to states to eliminate undergraduate tuition and fees at public colleges and universities

The Summary explains:

Today, total tuition at public colleges and universities amounts to about $70 billion per year. Under the College for All Act, the federal government would cover 67% of this cost, while the states would be responsible for the remaining 33% of the cost.

To qualify for federal funding, states must meet a number of requirements designed to protect students, ensure quality, and reduce ballooning costs. States will need to maintain spending on their higher education systems, on academic instruction, and on need-based financial aid. In addition, colleges and universities must reduce their reliance on low-paid adjunct faculty.

States would be able to use funding to increase academic opportunities for students, hire new faculty, and provide professional development opportunities for professors.

No funding under this program may be used to fund administrator salaries, merit-based financial aid, or the construction of non-academic buildings like stadiums and student centers

Loading...
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply




Title

To Top