Warren’s $1.25T education plan ‘sweeping’ giveaway to the wealthy at expense of the poor, WaPo editorial board says
How realistic is Elizabeth Warren’s plan to cancel student debt?
Democratic presidential candidate Sen. Elizabeth Warren unveils sweeping proposal to eliminate student loan debt and make all public colleges tuition-free; reaction from Peter Morici, former chief economist for the U.S. International Trade Commission.
Democrat Elizabeth Warren’s $1.25 trillion plan to cancel existing student loan debt and make college free has been slammed as a “sweeping bailout for the middle class” and a regressive giveaway to the wealthy at the expense of the poor.
“Her latest big idea — to eliminate vast quantities of student debt and make public universities tuition-free — is not a sound idea,” wrote the Washington Post’ editorial board on Tuesday.
“Her latest big idea — to eliminate vast quantities of student debt and make public universities tuition-free — is not a sound idea.”
WARREN'S MASSIVE $640 BILLION STUDENT LOAN CANCELLATION QUESTIONED OVER FAIRNESS TO STUDENTS WHO PAID OFF THEIR DEBTS
Warren unveiled the far-reaching plan on Monday, pledging to cancel almost all student loan debt for 42 million Americans and introducing tuition-free college, with a total price tag of about $1.25 trillion over 10 years, including a one-off cost of $640 billion to cancel the debts.