Mark Huelsman at Rewire writes—Elizabeth Warren’s Student Debt Plan: An Outsized Economic Boon for People of Color:
Presidential candidate U.S. Sen. Elizabeth Warren (D-MA) this week unveiled an ambitious plan to make college free, expand Pell Grants for students with low incomes, and cancel student loan debt for most borrowers, including around 8 in 10 Black and Latinx people.
This marks the first time that mass student debt cancellation has been proposed as a serious, presidential campaign-level topic. It’s also one of the first mainstream plans that would provide massive help to families while potentially narrowing our nation’s persistent and shameful racial wealth gap.
Warren’s plan, announced in a Medium post, is as follows: Everyone would receive free public college at two- or four-year schools with a massive expansion of Pell Grants for low-income and middle-class students to help pay for living costs and other expenses that make up the majority of borrowing. It is effectively both a guarantee of free college for everyone and a guarantee of debt-free college for students with low income. The plan would cancel up to $50,000 in student loan debt for families making under $100,000 annually, with a sliding scale of forgiveness for those making between $100,000 and $250,000.
Economists estimate that 80 percent of Black households with debt and 83 percent of Latinx households with debt, would see it eliminated entirely. The vast majority of low-income and middle-class households would see their debt forgiven, compared to about a quarter of families from the top 10 percent, according to Warren’s estimates. And while slightly more dollars would flow to upper-middle-class households, the impact of canceling all debt for low-wealth households cannot be overstated. It removes a serious level of risk, allowing for peace of mind and the ability to get out from under financial strain. [...]
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“The fact of the matter is, Robert E. Lee was a great tactician. Was not a great person. Robert E. Lee was a slave owner and a brutal slave master. Thankfully, he lost that war. And I find it kind of interesting that the president is now glorifying a loser. He always said that he hated losers. Robert E. Lee was a loser.” ~~Rep. James Clyburn (D-SC).
xAnti-Semitic violence grows out of white nationalism & the myth of white genocide that was sown to spilt black & Jewish people from building relationships for equality. White nationalism is not just anti-Jew, Muslim & black & brown. It's anti-democracy itself.
— Rev. Dr. Barber (@RevDrBarber) April 28, 2019On this date at Daily Kos in 2007—Playing Out the Clock: Day 1458:
The White House is coming perilously close to admitting that Bush has no expectation of achieving "victory" in Iraq. He's just playing out the clock to make the problem someone else's. Petraeus's goal for an assessment of the escalation to come in summer is now pushed back to September, and the administration is now committed to downplaying prosects for progress. […]
The only way forward is out. And the idea that Bush will come around to that idea is becoming more obviously ridiculous. This man won't give up on Alberto Gonzales, for chrissakes, what would make him abandon this debacle? His veto, expected first thing next week, will just reinforce his commitment to keeping the troops in Iraq until at least January 20, 2009.
The fight over the Iraq supplemental bill has cemented in the public mind the idea that Congress has set a deadline for withdrawal at March 31, 2008, a deadline they wholeheartedly support regardless of the "symbolic" nature of the vote.
Following an onslaught of opinion polls on Iraq, the most recent CBS/NYT poll has 64 percent supporting a timetable that gets us out in '08, 57 percent want Congress to have the final say over troops levels, and a record 71 percent disapproving of Bush's handling of Iraq.
That public support should stiffen the resolve of Congressional Democrats in the post-veto debate, particularly now that they've set an expectation in the public that withdrawal in '08 is their line in the sand.
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from Daily Kos http://bit.ly/2XLPChA
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