Reps Ocasio-Cortez and Pressley Push for $50,000 Student Debt After Biden Fails to Support It on CNN

Representatives Alexandria Ocasio-Cortez (D-NY) and Ayanna Pressley (D-MA) ignited a push for the federal government to cancel $50,000 student debt after President Biden failed to back the measure during a CNN town hall.

President Biden ignited a reaction following his response to a question about student debt forgiveness.

When asked if he would cancel student loan debt up to $50,000, Biden responded, “I will not make that happen,” but said he was willing to “write off” up to $10,000 well short of the higher number.

Ocasio-Cortez appeared to not be happy with the lower number.

She used class warfare to justify the $50,000 target.

Pressley took a different angle to push for the higher number.

She used the race card to advance her argument for the $50,000 level where she emphasized the benefit to black women.

The push for $50,000 student debt forgiveness also hit state officials.

Massachusetts Attorney General Maura Healey is leading an effort with other state attorney generals to cancel student debt.

Biden was also criticized on social media for failing to endorse the idea of eliminating student debt up to $50,000.

Democracy Now discussed Biden and student debt.

By campaigning for canceling student debt, Biden opened the door for far-left Democrats to push the dollar amount to a higher level.

The U.S. is already saddled with additional trillions of dollars of debt because of the pandemic and getting rid of student loan debt at $50,000 would cost another trillion.

In addition to the cost, eliminating student loans is unfair to those who took out student loans over the years and worked hard to pay them off.

The perverse incentive of such a plan on student debt is that the government will bail individuals out for their personal decisions.