Re:Sanders to propose canceling entire $1.6T in US student l...
by toomuchtodo on Monday June 24, 2019 @12:03AM
(#20260466)
If it's clever messaging and it works, it works. Some cohort in the country is going to be on the hook; it's up to democracy to pick which cohort that is (congressional representation, all that jazz).
Right now, Millennials are on the hook (carrying the debt). They're also now the largest voting cohort [1], having edged out Boomers this year [1]. Do you think they're going to stay on the hook? It's unlikely (~1.6 million Boomers die each year, about 1.3 percent of the Boomer cohort); Millennials will continue to reshape state and federal government each election cycle.
I imagine the cohort of voters who took on large amounts of student loan debt and successfully paid it off in a short duration of time is exceedingly small (but vocal!). Life isn't fair.
Right now, Millennials are on the hook (carrying the debt). They're also now the largest voting cohort [1], having edged out Boomers this year [1]. Do you think they're going to stay on the hook? It's unlikely (~1.6 million Boomers die each year, about 1.3 percent of the Boomer cohort); Millennials will continue to reshape state and federal government each election cycle.
I imagine the cohort of voters who took on large amounts of student loan debt and successfully paid it off in a short duration of time is exceedingly small (but vocal!). Life isn't fair.
[1] https://www.pewresearch.org/fact-tank/2018/03/01/millennials...