OK, we’ll confess that our headline doesn’t fully capture the context of The Cut’s report, but the New York magazine imprint seems pretty certain that not only would your life be better under Elizabeth Warren’s student loan forgiveness plan, but that you can quantify it thanks to a calculator on Warren’s campaign site.
Quick question: Does this calculator work retroactively, if you’ve already paid off the student loans you took out voluntarily to attend college?
You can now quantify just how much better your life would be thanks to Elizabeth Warren's student debt relief plan https://t.co/4VTsUqmgdQ
— The Cut (@TheCut) May 6, 2019
So college kids who owe on their student loans can — what? — plug in how much they still owe and then the calculator erases it? That’s ingenious.
My plan would wipe out student loan debt for millions of Americans—and I’ve got a calculator to show you how much you’d save. https://t.co/bMA13ankw5
— Elizabeth Warren (@ewarren) May 7, 2019
Wouldn’t save me a damn thing, because I paid them off myself. I didn’t enjoy it, but I did it, and it was my responsibility because I took out the loan.
— Frank Freedom (@Frank__Freedom) May 7, 2019
Wouldn't help me a bit because…. and hold on to your hat, Chief…. I went to a school I could afford and got a degree that ACTUALLY helped me get a job.
Now you want American taxpayers to pay for Universities' fraud and student's stupidity.https://t.co/8LaGVTOiZE
— BonkPolitics (@BonkPolitics) May 7, 2019
Imagine how many more students could afford to attend Harvard if people like Elizabeth Warren weren’t cashing $430,000 paychecks.
Fawk off. What you have is how to tax the hell out of people in order to pay for the idiots you indoctrinated.
Also, you're holding the calculator upside down.
— Red Dirt Ready (@SwTkthe1) May 7, 2019
Nothing is “wiped out” or cancelled; it’s simply paid by others.
— Bob Edson (@bobedson4) May 7, 2019
Financial responsibility be damned
— HandyMann (@DuttchOvenn) May 7, 2019
I worked my way through college.
— Tim (@TimRStephenson) May 7, 2019
Do universities, who were the beneficiaries of these student loans get to keep all their money? Or do they remain whole while taxpayers pony up the costs? If so, isn’t this just in net an enormous transfer to private universities?
— Perma-eagle Analytics (@BaldFinancial) May 7, 2019
This is Warren’s Twitter account, so it’s scary how many of her followers think this is a great idea, because 1) just because previous generations “suffered” by paying back their loans doesn’t mean the situation shouldn’t improve for the current generation, and 2) imagine how much the economy will be stimulated by students who suddenly don’t have to pay their loans back anymore!
We’re not for universal free college, but you might be able to talk us into one free semester of economics for every 20-something out there.
Related:
‘Seriously, this is stupid’: Elizabeth Warren’s student debt cancellation plan is a big dud https://t.co/WidzbAPCkW
— Twitchy Team (@TwitchyTeam) April 23, 2019
