Top Democrats -including Chuck Schumer and Elizabeth Warren- urged President Joe Biden to sign an Executive Order Thursday that would cancel upwards of $50,000 in student debt without the consent of the Congress.
“Student loan debt is weighing down millions of families in New York and across this country,” Schumer said in a statement. “During a time of historic and overlapping crises, which are disproportionately impacting communities of color, we must do everything in our power to deliver real relief to the American people, lift up our struggling economy and close the racial wealth gap. Democrats are committed to big, bold action, and this resolution to cancel up to $50,000 in federal student loan debt is one of the strongest steps the president can take to achieve these goals.”
“President Biden can take the single most effective executive action available to provide a massive stimulus to our economy, help narrow the racial wealth gap, and lift this impossible burden off of tens of millions of families,” added Warren.
This is a developing story. Check back for updates.
ADD IT TO THE LIST: Warren Says Pandemic Response Must Include ‘Free Child Care, Pre-K, Paid Leave’
Senator Elizabeth Warren doubled-down on her calls to expand America’s massive entitlement system this week; saying any response to the CoVID pandemic should include universal child care, pre-k education, and paid leave.
“Make no mistake: This pandemic has set women back, with lifetime consequences. We need big, structural change to tackle this crisis head on—like universal child care, universal pre-k, and paid leave,” posted Warren on Twitter.
Make no mistake: This pandemic has set women back, with lifetime consequences. We need big, structural change to tackle this crisis head on—like universal child care, universal pre-k, and paid leave.https://t.co/m2MDs3Dz8L
— Elizabeth Warren (@ewarren) February 2, 2021
President Biden has already pledged to spend upwards of $4 trillion in his first days in office on a series of issues including CoVID, immigration, and the environment.
ANOTHER NEW DEAL? Warren Proposes Using US MILITARY to Combat Climate Change
Firebrand Senator and potential 2020 presidential candidate Elizabeth Warren unveiled her latest proposal to combat climate change Monday; suggesting the use of the US military to confront global warming.
“In short, climate change is real, it is worsening by the day, and it is undermining our military readiness. And instead of meeting this threat head-on, Washington is ignoring it — and making it worse,” writes Warren in an op-ed published by Medium.
“We have the most capable military in the world. It’s also the single largest government consumer of energy, and it’s dependent on fossil fuels. The Pentagon spends about $4 billion a year to power its bases at fixed locations and consumes tens of billions of barrels of fuel per year,” she adds.
“Nibbling around the edges of the problem is no longer enough — the urgency of the moment demands more. That’s why today I am introducing my Defense Climate Resiliency and Readiness Act to harden the U.S. military against the threat posed by climate change, and to leverage its huge energy footprint as part of our climate solution,” concludes Warren.
Together, we can work with our military to fight climate change. https://t.co/fYixnw11bz
— Elizabeth Warren (@ewarren) May 19, 2019
The far-left Senator’s comments come weeks after she unveiled a series of new government programs that economists say will cost US taxpayers trillions per year.
“If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover,” claimed Warren on social media.
If we put a 2% tax on the wealthiest families in the country, we can provide universal Pre-K, universal free college, knock back student loan debt for 95% of Americans—and still have a trillion dollars leftover. #WarrenTownHall pic.twitter.com/1MMM1eOghf
— Elizabeth Warren (@ewarren) April 23, 2019
According to leading economists, the Senator’s proposal to forgive student loan debt and introduce tuition-free public colleges would cost over $1.25 trillion over the next decade.