Business > Democrats

On student-debt cancellation, AOC slams the 'ridiculous assertion' it would benefit the rich: 'Do we really think that a billionaire's child is taking student loans?'

1 month ago   |   By Business Insider

US Representative Alexandria Ocasio-Cortez. SAUL LOEB/AFP via Getty Images
AOC pushed back against the argument that student-debt cancellation would benefit the rich.
Experts are split on whether student-debt cancellation would be regressive or progressive.
But many Democrats believe it would help low-income borrowers and want Biden to cancel student loans broadly.
A core argument some make against student-debt cancellation is that it would benefit the wealthy. AOC just shut that argument down. "I'm greatly looking forward to the Biden administration canceling student debt and no longer...
Read more ...

 


Search by Tags

   Democrats      Economy      Politics      Markets      Policy      AOC      Student Debt      Ayanna Pressley      Student Loans      Student debt forgiveness      Biden  


M&Ms redesigned their mascots, giving them new shoes. Tucker Carlson finds...

Asdfdas Photo by Janos Kummer/Getty Images, left, M&M's Candy manufacturer Mars Wrigley announced Thursday it has rebranded its M&M's cartoon mascots. The cartoon M&M's have... Read more ...

US is 'closer to civil war than any of us would like to believe,' a leading...

Violent protesters, loyal to President Donald Trump, storm the Capitol, Wednesday, Jan. 6, 2021, in Washington AP Photo/John Minchillo, File Barbara F. Walter, a civil war... Read more ...

Republicans in 7 states submitted documents falsely certifying the election...

Salwan Georges/The Washington Post via Getty Images, Tasos Katopodis/Getty Images A watchdog group found Republicans in 7 states tried to falsely certify the election in favor... Read more ...

AEW Rampage Results: Winners, News And Notes On January 21, 2022

AEW Rampage Results with Jon Moxley's return. Read more ...

Covid-19 & Sport's Thirst For Leadership

In 2009, Robin Soderling smashed four-time defending champion Rafael Nadal in the fourth round of the French Open. Read more ...

What do the green and orange dots mean on an iPhone? How to tell when apps...

Your iPhone will indicate when an app is using your microphone or camera. Crystal Cox/Business Insider The green or orange dots on your iPhone signal when an app is using the... Read more ...

Death Sentences for Activists and Prominent Business Departures Continue to...

TotalEnergies and Chevron will withdraw from an offshore natural gas field in Myanmar, citing worsening conditions in the country since a 2021 military coup. Read more ...

El Salvador Buys $15 Million Worth Of Bitcoin ‘Really Cheap,' President...

Under the leadership of crypto enthusiast President Nayib Bukele, El Salvador has amassed about $66 million in bitcoin. Read more ...

Teen rapper who shot NYPD cop using his record deal money to pay bail

Teen rapper who shot NYPD cop using his record deal money to pay bail

The teen gang member and rapper who allegedly accidentally shot an NYPD officer is using cash from a record deal to try to get himself out of jail, law-enforcement sources told Read more ...

NYC business leaders grill Manhattan DA Alvin Bragg over soft-on-crime policies

NYC business leaders grill Manhattan DA Alvin Bragg over soft-on-crime policies

City business leaders grilled Manhattan District Attorney Alvin Bragg in a virtual meeting - with some blaming his policies for contributing to fears that the Big Apple is... Read more ...