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Elizabeth Warren's plan to cancel student loan debt would be a blow to the face of anyone struggling to pay their loans

In the escalating battle for 2020 democratic presidential candidates to see who can offer the most free things, then Elizabeth Warren, D-Mass., Has taken the extra step of demanding that the government forgive the student loan debt. This pans will not only be incredibly expensive, but it will be a blow to the face of those who have already struggled to pay their student loans without state support. Political logic is understandable to Warren, who has struggled to break through in polls. Like most other candidates, Warren has promised to deliver free college. But free college does not do much for millennia, which constitutes a large part of the democratic voters. They are already over the college age, and are mostly not old enough to get the children to approach college. But what they have is a mountain of student debt, so promising to cancel all their debt would have a big impact on their finances. Right now, more than one-third of the millennia's student loan debt and studies have shown that debt leads them to delay major life decisions, including buying a house, saving for retirement and even marrying and having children. The total student loan debt is now $ 1 .7 trillion in the United States, making the money owed high than auto loans and credit card debt, leaving only mortgages for the value of various forms of consumer credit. Unlike other forms of debt spread throughout the population, student debt is largely concentrated among younger Americans. What…

In the escalating battle for 2020 democratic presidential candidates to see who can offer the most free things, then Elizabeth Warren, D-Mass., Has taken the extra step of demanding that the government forgive the student loan debt. This pans will not only be incredibly expensive, but it will be a blow to the face of those who have already struggled to pay their student loans without state support.

Political logic is understandable to Warren, who has struggled to break through in polls. Like most other candidates, Warren has promised to deliver free college. But free college does not do much for millennia, which constitutes a large part of the democratic voters. They are already over the college age, and are mostly not old enough to get the children to approach college. But what they have is a mountain of student debt, so promising to cancel all their debt would have a big impact on their finances.

Right now, more than one-third of the millennia’s student loan debt and studies have shown that debt leads them to delay major life decisions, including buying a house, saving for retirement and even marrying and having children. The total student loan debt is now $ 1

.7 trillion in the United States, making the money owed high than auto loans and credit card debt, leaving only mortgages for the value of various forms of consumer credit. Unlike other forms of debt spread throughout the population, student debt is largely concentrated among younger Americans.

What Warren proposes is to offer debt cancellation of up to $ 50,000 to over 42 million people, or 95% of those with debt. She says it will completely empty the debt for 75% of the borrowers with student loans.

Apart from the cost (which, like her childcare suggestions), she claims it would be covered by her ultra-millionaire tax, the plan would be extremely unfair for those who have been fighting for years to pay their student loans.

It is true, some people can simply earn too little to make a problem in student loans, no matter how hard they work and how much they reduce their expenses. But it doesn’t tell the whole story.

There are those who may have taken higher paying jobs, they did not necessarily want to pay off loans. And there are those who have lowered the spending of the bare legs to pay loans while watching their friends with similar wages, eating out and traveling and prioritizing paying off loans. Those who were more responsible will feel afraid of the idea that those who may have been more ridiculous will now receive a government rescue service.

This is the worst type of pans from an increasingly desperate politician. The function (f, b, e, v, n, t, s) {if (f.fbq) return; n = f.fbq = function () {n.callMethod?
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