By Alan J. Yeck, Founder, AltRaged
This is not about who you are voting for or who you should vote for – vote for whoever you want. This is about the irreputable, verifiable, criminal student loan scam our government continues to operate like a shell game on 42nd and Broadway. Tell me Joe. Tell me what you’re going to do for the 40 million Americans with student loan debt?
Joe says he’s going to eliminate student debt if I come from a family making less than $125,000 (but only if I went to a public university).
Joe says he’s going to wipe out my loans if I went to a historically black college/university or private institutions that are minority-serving.
Joe says he’s going to make sure everyone gets $10,000 knocked off of their student (because of economic hardships the pandemic has caused).
Joe says he supports Liz Warren’s bill to reinstate bankruptcy rights for student loan borrowers. Joe says a lot of things, doesn’t he? Let’s talk a bit about what he’s not saying, shall we?
Joe doesn’t mention what he’s going to do to help the 10 million Americans that are currently late or in default because of a criminal, rigged system. The system is structured to facilitate defaults because there is more money to be made.
Joe doesn’t mention what he’s going to do to address the tremendously inflated costs of higher education. The cost of a degree has gone up 400% in one generation without any valid reasoning.
Joe doesn’t mention that in 2005, he was one of the many politicians who voted for a bankruptcy bill that stripped student loan borrowers of their rights, which in turn has become one of the primary causes for the $1.7 trillion student debt crisis we have today. They removed a safety valve that would have helped correct the market but in doing so has made billions of dollars for a small group of greedy FFs (Fuck Faces).
Joe doesn’t mention how much money both political parties have received from Super PACs (Navient, Telnet, et al…) to keep the broken, corrupt student loan system status quo. His changes at best, are superficial, proposed to an uninformed public for votes. He’s not helping you, or me, or students or the country. Of course no one else is either. Oh, and the shell game…doesn’t matter which walnut you pick, you lose.
Vote. Vote for the corporation of your choice but vote.