WaPo Says Warren’s 1.25 Trillion Education Plan is a Gift to the Wealthy

Lizzie Warren’s education plan calls for forgiving most of the student debt on the books and then free college from that point on. The WaPo editorial board is already planning her plan as benefiting the rich at the expense of the poor.

The problem as I see it is it isn’t fair to those responsible people who paid off their student loans and those who have made their payments without fail. The cost o9f her plan is 1.25 trillion in the first 10 years. It is highly doubtful that the WaPo really objects to the plan. Liberal media is trying to pick the Democratic candidate they prefer.

At this point, my guess is they are rooting for Joe Biden, who has more baggage than Samsonite.

From Fox News

Warren unveiled the far-reaching plan on Monday, pledging to cancel almost all student loan debt for 42 million Americans and introducing tuition-free college, with a total price tag of about $1.25 trillion over 10 years, including a one-off cost of $640 billion to cancel the debts.

Under the proposal, each person’s student debt would get a relief of $50,000 if household income is up to $100,000. Higher incomes would also be entitled to massive debt reductions, while only those households with earnings of over $250,000 would get no student debt reduction.

But as the editorial notes, spending over $640 billion to provide relief to graduates, who are defaulting on their student debts at a lower rate than before, comes at the expense of people who didn’t go to college at all and other priorities that would benefit the country better.

“What might be unfair is debt relief to the exclusion of other priorities with wider benefits, including to people who did not go to college at all,” the board wrote. “Ms. Warren proposes a wealth tax to cover the cost, the proceeds of which would then not be available for alternative, possibly more progressive uses.”