The student loan debt should never have occurred. From the beginning it was the predatory project of an unholy economic alliance among government, lending companies, and banks. Until the 1970s we had a system in this country for near tuition free college in various places. Such systems exist in every other advanced democracy, and the fact that it doesn’t exist here is not because it’s complicated but because we’re so corrupt. The government should not be run like a business, serving only to enable vulture capitalism to turn any and every human desire into a profit center. It should be run like a family. We should do everything possible to set our young people up to win, not cut them off at their knees. The President can cancel the entire college loan debt using the Higher Education Act. As President I will. #disruptthecorrupt
Us talking with Marianne Williamson @marwilliamson yesterday. Important conversation. Spread it around- youtube.com/watch?v=fdnwrTfB…

Dec 18, 2023 · 6:46 AM UTC

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Replying to @marwilliamson
Liberals run education so what you're describing is liberal practices. And I agree, college is a huge ripoff. Especially now that you no longer learn job skills. Woke ideology isn't helpful in productivity gains.
Restoring bankruptcy rights will be the only solution. 👇🏼👇🏼
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Replying to @marwilliamson
Could not agree more. The interest rates in student loan debt in particular are inexcusably predatory (like on gvnt prefd mortgages.) There is no logical reason for the high base cost of tuition in this country. Making education as close to free produces a more diversely educated populace, a more frequently reeducated populace, the best people in the best jobs for them because they can afford to pursue their passions, and a more collaborative populace because exposure to more ideas with free expression just naturally leads to that... but that's not what those currently in control want. They want to retain control, and one of the best ways to do that is by gatekeeping the doors to the most valued years of education.
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Replying to @marwilliamson
Legalized bribes to Congress odds how it happened… maybe you need to be saying it more clearly. Or maybe you raising the question is enough. I don’t know anymore
Replying to @marwilliamson
No. We need to force a lower cost of education
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Replying to @marwilliamson
I agree with your first two sentences. Your last paragraph is incorrect.
Replying to @marwilliamson
Honestly, if we are canceling debt that we agreed to, let’s do car loans. It is far more equitable because even the people who didn’t have the opportunity to go to college have those.
Replying to @marwilliamson
Williamson is incorrect. We’ve never had ‘free college.’ What we had were college/univ tuition that was set by the market. People had to pay, so schools kept costs low. The Fed loan program, handing money to anyone who applied, removed any incentive for univs to control costs.