'Death Should Not Be the Only Relief': Seniors Lead Their First Action Against Student Debt
'Death Should Not Be the Only Relief': Seniors Lead Their First Action Against Student Debt
Borrowers over 50 are the fastest-growing demographic of student debtors, and, for the first time in history, some of them are calling on the Biden-Harris administration to take advantage of federal regulations that empower the Department of Education to cancel debt based on age.
former U.S. President Ronald Reagan had pushed for the current student loan system in order to make it more difficult for working-class Americans to attend university as a backlash to campus protests in the 1960s and 70s.
Americas Margret Thatcher. i.e. just, the worst person.
Identity politics might be causing you to blame the wrong person for the student loan crisis. Reagan certainly made everything he touched awful. I wont even argue that. He was objectively awful. But Biden’s legislation brought it into hyperdrive. Source: me (a person with $100,000 of inescapable student loan debt thanks to Joseph Biden.)
https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020
You know the country is lurching FAR rightward when Reagan is aligned with everyone in the Congress right now including the corporate Democrat in office. They ALL (both GOP and DNC corporatists) are on a mission to commodify every single basic human right in exchange for massive bribes.
I get what you're saying but let's not forget this important aspect:
The Republican-led bill tightened the bankruptcy code, unleashing a huge giveaway to lenders at the expense of indebted student borrowers. At the time it faced vociferous opposition from 25 Democrats in the US Senate.
But it passed anyway, with 18 Democratic senators breaking ranks and casting their vote in favor of the bill.
republican bill, that was opposed vociferously by a majority of democrats. The corporatists were the 18 that broke ranks to vote for it, but let's not lump in all Democrats. Democrats are still the better option by every measure.
