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Tuesday, June 25, 2019

Forgive us our debts


(Chart by FRED St. Louis)
As the Democratic campaigns heat up, the stakes are getting lower.

Elizabeth Warren and Bernie Sanders have both proposed forgiveness of student-loan debts.  Warren’s plan would “provide substantial debt cancellation” for those with relatively low household incomes.  Sanders’ plan would forgive “all student debt.”

And how would that “1.6 trillion” gap be filled?  Sanders proposed “a tax on Wall Street,” designed to “bring in more than $2 trillion over 10 years.”

Resources
https://townhall.com/tipsheet/leahbarkoukis/2019/06/24/bernie-sanders-has-a-new-proposal-that-even-he-considers-revolutionary-n2548812

Copyright June 25, 2019 by Linda Van Slyke   All Rights Reserved

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