AOC Hates Joe Biden’s Student Loan Forgiveness Plan

AOC Launches Resistance to Biden’s Upcoming Student Loan Forgiveness Plan – As President Joe Biden reportedly prepares to announce a student loan cancellation plan, progressive New York Congresswoman Alexandria Ocasio-Cortez, or as the world knows her, AOC, is already criticizing his unconfirmed proposal.

Writing on Instagram, Rep Ocasio-Cortez insisted that student loan forgiveness shouldn’t be based on an “arbitrary number” and that the “halfway approach” to forgiveness would be “kind of wasteful “.

“People get addicted to splitting things down the middle, but there are policies where a halfway approach is kind of a waste because it’s not much better than nothing, and resources are better spent elsewhere. We push for people to actually experience the benefits of a policy,” AOC said on Instagram.

The progressive lawmaker made the comment in response to a question about what she thinks are the most common Conservative misperceptions surrounding the policy proposal.

“We can’t just pick an arbitrary number despite so many people wanting to,” she said. “There is a real level where wealth inequality starts to narrow.”

What is an “arbitrary number”?

In May, three people familiar with President Joe Biden’s discussions of student loan forgiveness revealed that the White House was considering a $10,000 threshold for loan forgiveness.

Rumor has it that President Joe Biden will forgive $10,000 in federal student loan debt for undergraduates. This seems to be what AOC means when it says “arbitrary number”.

President Joe Biden has promised to offer $10,000 in student loan forgiveness throughout his campaign, but his party’s most progressive members have spent years advocating for full and total forgiveness of all federal loans. .

It’s not just AOC that opposes his plan.

In May, a coalition of more than 500 organizations wrote to the president asking him to cancel more than $10,000 per borrower.

“There is growing energy and strong bipartisan public support for immediate large-scale debt cancellation,” the coalition wrote. “Such executive action is one of the few tools available that could immediately give a boost to more than 44 million borrowers and the economy.”

The coalition was led by Americans for Financial Reform, the Center for Responsible Lending, the Student Borrower Protection Center and the National Consumer Law Center. It was first sent out in November 2020 and re-released in January. It was again sent to the President in May this year.

It’s unclear if the president will go beyond $10,000. The policy is not only unpopular with congressional Republicans, but even his own party can’t agree on the subject – making it difficult to pass laws in the House and Senate and forcing the president to sign an executive order extremely controversial executive.

And in the midst of an economic crisis, that may not be a risk the president is willing to take.

Jack Buckby is a British author, counter-extremism researcher and journalist based in New York. Reporting from the UK, Europe and the US, it strives to analyze and understand left and right radicalisation, and reports on Western government approaches to pressing issues of today. His books and research papers explore these themes and offer pragmatic solutions to our increasingly polarized society.

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