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You’re racist if you don’t cancel student loans

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According to the Federal Reserve, over half of young adults who went to college during the 2018-2019 academic year took out student loans – that’s 54% to be exact. 

Of those, only 10% with a bachelor’s degree are behind on payments. 

Loans aren’t limited to just one group; students of all races, religions, ethnicities and socioeconomic backgrounds take them out. 

But, “Squad” member Rep. Ayanna Pressley (D-Mass) said that cancelling student loans and racism are directly correlated. 

“Even if we wipe out all student debt tomorrow, the devastating impact on consumers’ credit will remain for many years to come. Let me be clear, we must wipe out that debt,” she said in a speech at the Consumer Federation of America’s annual financial services conference last week, Just The News reports. 

“Student loan cancellation is a matter of racial and economic justice,” she continued. “Across our country, black student borrowers are forced to borrow more than their white peers, and are five times more likely to default on a student loan.” 

Essentially, if you don’t cancel student loans, you’re racist. 

Pressley, a member of the House Financial Services Committee, noted that she proposed the House-passed Student Borrower Credit Improvement Act, which she said would “establish a credit rehabilitation process for private student loan borrowers facing hardship, making students eligible to have all associated derogatory marks removed from their credit reports.” 

Senate Minority Leader Chuck Schumer argued in a recent interview that Biden could implement his student debt forgiveness proposal without congressional action. 

“I have a proposal with Elizabeth Warren that the first $50,000 of debt be vanquished, and we believe that Joe Biden can do that with the pen as opposed to legislation,” he said. 

While cancelling student debt may seem like a dream, logistically it wouldn’t be. 

Ultimately, it would create what economists call “moral hazard,” or in other words incentivizing bad decisions people make when they think someone else – taxpayers – will pick up the bill. Getting rid of student debt would also be taxable, which would cut into any stimulative effect on the economy. 

In terms of racial equality within education and the economy, it’s not about debt forgiveness; rather, Leo Terrell argues that school choice is the critical path forward.

“Education is the key to breaking the poverty cycle and the new civil rights issues that people of color face,” Terrell said. “A good education will give you every opportunity in the world and all the promises of this country,” he added. “School choice is the key to improve the economic opportunities of all Americans.”

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1 Comment

  1. R Bird

    December 16, 2020 at 10:59 am

    Ayana Pressley makes an absolutely absurd argument. She says, “Student loan cancellation is a matter of racial and economic justice,” she continued. “Across our country, black student borrowers are forced to borrow more than their white peers, and are five times more likely to default on a student loan.” Really? How is canceling student loans just and fair to all races in America that will be stuck with the tax burden of repaying all those loans? Exactly who FORCED black students to borrow more than white students? And isn’t it the fault of every student that defaults on a student loan and no one else? Does someone’s skin color matter when they default on a loan? Pressley has no common sense and neither does anyone that voted for her. The solution is simple. Require people to be responsible for their own actions and pay their own debt or they will never be productive adults and citizens.

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Trump Says Reports On A Conflict With DeSantis Are ‘Fake News’

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Ron DeSantis

During a Fox News interview on Thursday, former President Donald Trump shot down recent reports claiming that there were rising tensions between the former president and Florida Governor Ron DeSantis, saying it was “fake news” and that DeSantis has “done a really terrific job in Florida.”

Trump’s comments came in response to an article from The New York Times claiming that Trump had a “long-stewing resentment” toward DeSantis.

“For months, former President Donald J. Trump has been grumbling quietly to friends and visitors to his Palm Beach mansion about a rival Republican power center in another Florida mansion, some 400 miles to the north,” The New York Times wrote. “Gov. Ron DeSantis, a man Mr. Trump believes he put on the map, has been acting far less like an acolyte and more like a future competitor, Mr. Trump complains. With his stock rising fast in the party, the governor has conspicuously refrained from saying he would stand aside if Mr. Trump runs for the Republican nomination for president in 2024.”

Hannity said that he was recently told that DeSantis does not think there has been “any conflict or bickering” between the two and that the report was “total BS” from the mainstream media.

“Is he right?” Hannity asked.

“Well, he is right,” Trump responded. “I get along great with Ron. Ron was very good on the Mueller hoax. He was right up front along with Jim Jordan, and all of the rest of them, they were fantastic. The Republicans really stuck together. And it was a great thing. And Ron was one of them. And Ron wanted to run and I endorsed him. And that helped him greatly.”

“And he went on and he’s done a really terrific job in Florida, and I think you know, Ron has been very good,” Trump continued. “He’s been a friend of mine for a long time. It’s totally fake news. I think Ron said last week, he said it very publicly, he says the press is never going to get in the middle of my friendship with Donald Trump, we’re not going to do that stuff. And he said it very strongly, I thought it was very interesting, actually. And very nice. But he said that, and I agree with him on that 100%. No, I have a very good relationship with Ron and intend to have it for a long time.”

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Youngkin Replaces State’s Department of Equity and Inclusion with Anti-CRT Leaders

Move over ‘Critical Race Theory’ there’s a new Sheriff in town

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Move over ‘Critical Race Theory’ there’s a new Sheriff in town. Newly elected Virginia Governor Glenn Youngkin just ripped the roof off of Virginia’s “woke” elite. Youngkin completely gutted the employees of the state’s Office of Diversity, Equity and Inclusion (DEI) and then rebuilt it, filling the positions with reasonable individuals.

Christopher Rufo tweeted, “Glenn Youngkin has asked all of the state’s DEI employees to resign and tapped anti-critical race theory leader Angela Sailor to lead the department. In her first move, Sailor eliminated the word ‘equity’ and replaced it with ‘opportunity.”

Youngkin asked all of the state’s DEI employees to resign, then put Sailor in charge to lead the department. Sailor is a former policy expert at The Heritage Foundation;. Having replaced the word ‘equity’ for ‘opportunity’ at the department, Sailor is now formally the DOI “Director of Diversity, Opportunity and Inclusion.”

Citizen Free Press reports “Youngkin also issued an executive order to refocus the DEI office, tasking Sailor and her staff to work on economic opportunity, cooperation among religious groups, promoting ‘free speech and civil discourse’ at colleges and universities, and ensuring that Virginia’s history curriculum is ‘honest, objective, and complete.”

Rufo’s tweet included a link to an article by the Richmond Times-Dispatch which reported “Former Gov. Ralph Northam created the state’s Office of Diversity, Equity and Inclusion in 2019 in the aftermath of the blackface scandal that nearly ended his term. The office has been unstaffed since its former chief and her four staffers, who served at the will of the governor, were not asked to stay in their jobs.”

Richmond Times-Dispatch reports:

Youngkin’s first executive order signed Saturday seeks to ban “inherently divisive” concepts from Virginia classrooms.

In recent blog posts for The Heritage Foundation, Sailor said that lessons arguing that “America is systemically racist,” are “the textbook definition of racism.”

“No one would argue that children shouldn’t be thoroughly taught about the evils of racism, slavery, and segregation that happened in this country,” she wrote in July in a piece titled, “Schools Hiding Behind Diversity and Inclusion Rhetoric to Spew Critical Race Theory Vile.”

“But [critical race theory] ignores the hundreds of thousands of lives that were sacrificed during the Civil War to end slavery, the long struggle of the civil rights movement to end segregation and win equality, and the reality that the nation has made great progress.”

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