Maybe this "econ major" that doesn't understand much about the subject should just ask her college for a refund. Clearly, their programming didn't take.

Quote:As a member of Congress, Rep. Alexandria Ocasio-Cortez makes a whopping $174,000 annually, meaning that she individually earns more than twice the average U.S. household’s income. Yet the progressive Democrat nonetheless thinks that working-class taxpayers should have to pay off her student loan debt.

That’s one of the main takeaways from Ocasio-Cortez’s latest speech on the House floor. In the congresswoman’s remarks, she issued yet another factually challenged and morally distorted plea for “student debt cancellation,” a progressive euphemism for having taxpayers pay off approximately $1.6 trillion in student loan debt. (The loans aren’t “canceled” magically but paid off by taxpayers. Congress can’t just make debts go away.)

https://www.washingtonexaminer.com/opini...-loan-debt

Quote:“I’m 32 years old now,” the congresswoman said. “I have over $17,000 in student loan debt, and I didn’t go to graduate school because I knew that getting another degree would drown me in debt that I would never be able to surpass. This is unacceptable.”

I’m sorry, what part of that is unacceptable, exactly?

Ocasio-Cortez’s $17,000 in student loan debt sounds like a lot, but it probably only involves a monthly student loan payment of $100-$200. It’s hard to know exactly what her payment is without being familiar with the specifics of her loans, but $100-$200/month is a reasonable estimate given that the average graduate owes $28,400 total, which equates to a $297 monthly payment.

And, as previously mentioned, the congresswoman earns almost $175,000 a year! Yet she bizarrely still thinks that working-class taxpayers should have to pay off her bills. What’s even more ironic and tone-deaf is that Ocasio-Cortez goes on in the speech to lament the (supposedly) “false narrative” that “student loan debt is for the privileged.”

She called this “narrative” a “ridiculous assertion” and asked, “Do we really think a billionaire’s child is taking out student loans?”

“Come on!” she exclaimed. “If you are taking on student loan debt, it’s because you are likely a middle or working-class person. Let’s get real, let’s cancel it.”

This part of Ocasio-Cortez’s speech is simply factually false and detached from reality. No, student loan debt isn’t held by the children of billionaires, a straw man claim no one ever made, but it is disproportionately held by a well-educated and thus higher-earning slice of the public.

One study found that “canceling” all student loan debt would give the top 20% of income earners six times more benefit than the bottom 20% of income earners. Even left-leaning think tanks such as the Urban Institute and the Brookings Institution have reached similar conclusions.

“Debt forgiveness plans would be regressive — providing the largest monetary benefits to those with the highest incomes,” an Urban Institute analysis concluded .

So, whether Ocasio-Cortez cares to acknowledge it or not, the regressive nature of student debt “cancellation” is simply reality.

Ironically, the congresswoman’s own story exemplifies the emptiness of her rhetoric. Ocasio-Cortez went from working as a bartender to serving in Congress, joining the ranks of America’s high earners and celebrities. Yet her plans for student debt cancellation would force workers across America to pay off Ocasio-Cortez’s relatively modest student debt obligations and the debt of countless millions of affluent, successful people like herself.

What a maroon........

another dippo with a spending issue … I cannot process the problem when the constants are in place … /sarc

She is EXACTLY the demographic who should be paying off her school bills on her own and not getting any handouts.