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Sanders calls for $ 1.6 trillion to be dismantled in student debt by Wall Street



Sen. Bernie Sanders, I-Vt., Proposed on Monday a plan to remove all $ 1.6 trillion in student debt held by Americans by charging a Wall Street bank.

Speaking outside the Capitol Building and accompanied by representatives Ilhan Omar, D-Min. And Pramila Jayapal, D-Wash., Sanders has called for the elimination of all debts for student loans owned by 54 million Americans – both public. and private education – and make public universities, municipal colleges and commercial schools free to attend.

"This proposal will make it possible for every person in America to receive college education regardless of their financial condition," Sanders said. "We will make full and complete basic education a right." He added, "It is unacceptable that the younger generation will have, by its fault, a lower standard of living than the generation of his parents. "

Omar plans to introduce similar legislation in Parliament to eliminate student debt, while Jayapal, the Congress Progressive Club co-chairman, was a college champion with no tuition fees, and Sanders said his plan, which will put a tax on speculation by the big banks on Wall Street, will has earned more than $ 2 trillion in 1

0 years – although some tax experts give lower earnings forecasts, the proposal will hit financial institutions with a 0.5% share tax and a bond tax of 0.1%

"In 2008, the American people saved Wall Street," Sanders said. "It is now up to Wall Street to help the middle class and the working class of that country."

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People Rescue Wall Street, Now It's Time Wall Street to come to the aid of the American middle class, "he added.

Sanders' plan is the newest – and most aggressive – one of the Democratic candidates for democracy in 2020, the growing debt problem of student borrowing in the country

Sen. Elizabeth Warren, another hope for 2020, announced in April a plan to cancel the existing debt for student loans to millions of Americans. According to Warren's plan, each student's student debt would receive a $ 50,000 relief if the household income is up to $ 100,000.

Former Secretary for Housing and Urban Development Julian Castro has also introduced a more modest debt-forgiveness plan.

The opponents of these proposals, including some Democrats, question why taxpayers have to pay subsidies for the education of Americans, who earn on average more than those who have only a secondary education diploma (19659014) . However, advocates say student debt has become a major problem for the US economy – reducing millennium spending power and putting home ownership for many people along with other issues. Student debt debt grew from $ 90 billion to $ 1.6 trillion. Dollar for about two decades, according to federal data, and the average student in the US graduated with a debt of $ 29,800.

"There are currently 45 million," Omar said on Monday. "These are 45 million people who refrain from buying their first home; 45 million people who may feel they can not create a family; 45 million people who have dreams to open a business or become civil servants, but are restrained. "


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