disproportionately help rich college grads. Canceling $50K would help more low-income people, to a larger degree, than canceling just $10K would. This might seem as obvious as the pope's religious denomination, but as long as the president and other lawmakers claim that student debt cancelation would only funnel more money to those who already have it, it's worth debunking.
For example, previous studies have looked at total student debt among borrowers rather than comparing the share of debt held by different demographic groups compared to their proportion of the U.S. population. The paper uses the example of a statistic that sayseligible for cancelation.
Just wrong and cruel!
Cc POTUS vp FLOTUS klain SecCardona SecYellen cancelstudentdebt
Rich people take enough. F*ck them.
hold up. rich people take loans, with interest, instead of just paying without interest? that seems unlikely…
Meanwhile, he didn't say *any* of this when we promised 10k forgiveness on campaign trail. I'm not ripping Biden because our whole nation desperately needs the GOP out of power, but this is supremely whack.
Rich people are benefiting from the loans and interest. Please pull out your pony & get the hot CancelStudentDebt summer show on the road 🚂 JoeBiden KamalaHarris - you did it 4 the banks now 1 more time 4 working Americans. THX
You just can't fix stupid - where does the money come from. the magic money tree? plus when do ppl learn responsibility in life...U sign an agreement to borrow money as a resposible citizen/adult own up & pay it back