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Her idiocy is raising questions as to whether it's fair to use taxpayers' money to pay off someone else's financial legal obligation they agreed to undertake, and the fact that those former college students who worked and planned and paid off their debt will feel screwed . . . unless we give them reparations like some on the left want to do with blacks who
Warren unveiled her plan on Monday, going further than most of other Democratic candidates when it comes to education policies, pledging to cancel almost all student loan debt for 42 million Americans and creating an enormous inflation.
Under Warren’s plan, each person’s student debt would get a relief of $50,000 if household income is up to $100,000. Higher incomes would also be entitled to massive debt reductions, with only those earning over $250,000 would get no student debt cancellation. Free lunches would only be provided to families with household incomes less than $375,000.
Many went on to social media raise their questions about the plan that in their view penalizes those who didn’t go to overpriced schools and honored their commitments by diligently paying their debts.
It would certainly help those going to Harvard, for example, and other high-priced schools.
“Do I get a refund for having chosen a cheaper public university so I wouldn't be riddled with a ton of debt?” wrote Josh Jordan. “Seriously this is stupid - everyone knows what they're borrowing when they go through the process and I want no part in paying off everyone else's student loans.”
“NO! I signed on the dotted line, I will pay it off. I still owe over 40K and I refuse to let you rob me of fulfilling my obligation,” wrote another user.
According to the details provided by Warren, her student debt cancelation plan has a one-off price tag of $640 billion to the government. But if you believe that, you might also believe that snakes have hips.
Warren claims that the cost of her ridiculous policy, in addition to her proposed universal free college, would be “be “more than covered by my Ultra-Millionaire Tax -- a 2% annual tax on the 75,000 families with $50 million or more in wealth" [aka taxation without representation.]
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