Elizabeth Warren’s plan to cancel student loan debt would thumb nose at those who struggled to pay off their loans

Elizabeth Warren’s plan to cancel student loan debt would thumb nose at those who struggled to pay off their loans

[Ed. – At this point, with her numbers barely existent, she’ll say anything to get attention.]

In the escalating battle of 2020 Democratic presidential candidates to see who can offer the most free stuff, Sen. Elizabeth Warren, D-Mass., has taken the extraordinary step of calling for having the government forgive student loan debt. This pander will not only be incredibly costly, but it will be a slap in the face to those who have already struggled to pay off their student loans without government assistance.

The political logic is understandable for Warren, who has been struggling to break through in polls. Like most other candidates, Warren has promised to deliver free college. But free college doesn’t do much for millennials, who make up a sizable portion of the Democratic electorate. They are already past college age and mostly are not old enough to have kids nearing college. But what they do have is a mountain of student loan debt, so promising to cancel all of their debt would have a huge impact on their finances.

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