Student debt is different than any other form of debt bc it’s linked to the federal purse, which is not like a household budget. Canceling it recirculates $1.7 trillion back into local economies, spurs housing, small biz, etc.
That’s $1.7 trillion tow upward social mobility
The average monthly student loan payment is $393.
If @POTUS canceled at least $50,000 of student debt per borrower, what would that extra ~$400/month mean for you?
So runaway capitalism gave us the empty store shelves they warned would happen under socialism, but instead of getting free health care or parental leave all we got was record corporate profits and billionaires doubling their net worth.
Dr. Martin Luther King Jr. was for reparations and unions—he was against militarism, racism and poverty.
People are going to quote Dr. King today that don’t fight for the things he fought for. Honor his legacy, not in quotes, but by living his values. #MLKDay
We should fully fund all public universities with public money. Cut off public funds to private universities and let them fend for themselves and compete with free high-quality public education.
A lot of privates will fail. We can close some down, merge some with public schools.
With BBB delayed, Child Tax Credits will expire and student loans will restart within a matter of weeks. Working families could lose thousands of $/mo just as prices are rising.
That alone is reason for @POTUS to act on student loans ASAP - w/ either moratorium or cancellation.