Being a member of congress is a great job. You have the power to vote yourself a raise or to eliminate your debt. There are 41 members of congress that say they owe student loan debts and 40 of those say they would be willing to vote for student loan forgiveness with you footing the bill.
Currently, that amount is 1.6 trillion dollars. Now, remember, you would be paying off the student loans for doctors, lawyers and even members of congress. Rep. Darren Soto, a Florida Democrat who represents the Orlando area and graduated from Rutgers and George Washington University School of Law is the lone exception to the rule.
He says that any debt forgiveness should not include members of congress.
A survey of Democratic lawmakers who would stand to benefit personally from measures to relieve student loan debt turned up only one House member who would agree to support a provision that would prevent members of Congress from pushing their loan bills off onto taxpayers.
It’s a wonder they even let him in the caucus.
The act was introduced by Sen. Bernie Sanders, the Vermont Independent, and Democratic Reps. Ilhan Omar of Minnesota and Pramila Jayapal of Washington.
The bill would eliminate $1.6 trillion in debt owed by 45 million Americans, according to the lawmakers’ news release. That’s all student loan debt — regardless of the income of the debtor. That means even Washington Democrats with six-figure incomes would be off the hook for student loan payments.
But of course, it wouldn’t really eliminate the debt. It would just mean the government — that is, the taxpayers — would be on the hook for bills run up by other people.