The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Senator Elizabeth Warren (D-MA) rose to the floor of the Senate on Wednesday to call on Congress to confront the escalating crisis resulting in students amassing a lifetime of debt while pursuing higher education.

“Adjusted for inflation, a young person today will pay 300 percent of what her parents paid just 30 years ago,” Warren said, noting that student loan debt held by Americans now totals more than $1.2 trillion.

And as borrowers suffer — with more than a third having been delinquent for more than 90 days — the government makes incredible profits, with $67 billion expected on the loans issued between 2007 and 2013 alone.

“Tying students to a lifetime of financial servitude as a condition of getting an education does not reflect our values,” she said.

In addition to lowering the cost of college, Warren announced that she will be introducing legislation that will offer borrowers relief now by allowing “eligible borrowers with high-interest loans to refinance at interest rates that are at least as low as those currently being offered to new borrowers in the federal student loan program.”

And she said her program could be paid for by closing loopholes designed by and for the rich.

“We can start with the Buffett Rule—a rule that would limit tax loopholes for the wealthy and ensure that billionaires pay at least as much as their secretaries.”

Screen Shot 2014-02-14 at 4.52.42 AM

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Republicans in the Arizona state Senate are officially off the hook for the $2.8 million needed to replace hundreds of voting machines ruined during the GOP-led, scandal-ridden "audit" of the 2020 election results in the state, the Arizona Republic reported.

The Maricopa County Board of Supervisors unanimously voted in August to force GOP state senators — who had signed an agreement saying that they would be responsible for any costs incurred from their "forensic audit" of the state's 2020 election — to pay the millions for the machines.

Keep reading... Show less

In December 2019, when then-President Donald Trump was facing his first of two impeachments, former New Jersey Gov. Chris Christie launched the nonprofit Right Direction America to defend him. The 2022 campaign of far-right Rep. Matt Gaetz of Florida, a hardcore Trumpista, donated $100,000 to the nonprofit earlier this year during Trump's second impeachment — and journalist Roger Sollenberger, in an article published by the Daily Beast, stresses that the donation raises some questions.

Keep reading... Show less
x
{{ post.roar_specific_data.api_data.analytics }}