“Normally the rich are moderately more subtle about rigging the system in their favor. They’re scared.”
Billionaire Education Secretary Betsy DeVos this week proposed handing over the federal government’s $1.5 trillion student loan portfolio to a “stand-alone government corporation,” a move observers condemned as a corrupt ploy to strip the next president of the ability to cancel student loan debt.
“This very much appears to be a Betsy DeVos scheme to block the next president from unilaterally forgiving federal student debt, which she is well aware a president could do without Congress,” The Intercept‘s Ryan Grim wrote in a series of tweets late Wednesday. “The DeVos family is heavily invested in the student loan industry and this is just flat-out corruption.”
“No, this isn’t it, Ms. DeVos. Cancel all student debt.”
—Sen. Bernie Sanders
DeVos’ plan, first introduced on Tuesday, would spin off the Education Department’s Federal Student Aid office into a new and supposedly independent federal agency.
“One has to wonder: why isn’t Federal Student Aid a stand-alone government corporation, run by a professional, expert, and apolitical Board of Governors?” DeVos tweeted Tuesday. “A separate Federal Student Aid would be better positioned to deliver world-class service to students and their families as they finance higher education.”
Sen. Bernie Sanders (I-Vt.), a 2020 Democratic presidential candidate who has proposed wiping out all student loan debt, dismissed the Education Secretary’s plan on Twitter.
“No, this isn’t it, Ms. DeVos,” said Sanders. “Cancel all student debt.”
Sanders’ national press secretary Briahna Joy Gray also weighed in:
Normally the rich are moderately more subtle about rigging the system in their favor.
They’re scared. We’re ready. https://t.co/wHjQTgyOkt
— Briahna Joy Gray (@briebriejoy) December 5, 2019
Devos’ proposal, which has not been fully developed, came weeks after she was held in contempt of court failing to comply with an order to stop collecting loan payments from former students of a defunct for-profit college company that defrauded tens of thousands of borrowers.
The Department of Education admitted in a court filing Monday that it improperly attempted to collect student loan payments from 45,000 borrowers, far more than the department originally estimated.
As the New York Times reported Tuesday, during DeVos’ tenure as Education Secretary, “a program to relieve the debts of teachers, police officers and others who work in public-service jobs has become a bureaucratic disaster, rejecting nearly all who apply. The department allowed a troubled for-profit chain, Dream Center Education Holdings, to collect millions of dollars in federal funds that it was ineligible to receive before it collapsed this year.”
Democratic presidential contender Sen. Elizabeth Warren (D-Mass.) tweeted Wednesday that “Betsy DeVos really didn’t like being held in contempt of court, so she wants to make federal student loans someone else’s problem.”
“Of course, there’s a simpler idea,” said Warren. “Universal free college and technical school, and canceling student loan debt.”
Genocide expert breaks down how all of the ‘warning signs’ are present in Trump’s America
Defense research scientist and genocide expert Brynn Tannehill laid out a terrifying warning on Thursday about President Donald Trump's administration.
As the United States Senate conducted an impeachment trial for the commander-in-chief, Tannehill posted an extended Twitter thread examining the situation in America from her perspective as a researcher studying the conditions that lead to genocide.
Here is what she wrote:
I study genocide. It's been a theme in my academic endeavours for nearly 30 years. More accurately, I study the conditions in the lead up to genocide, be they cultural, social, political, economic, etc... 1/n
Year of Rat hails easy ride for Donald Trump — but bumps for Harry and Meghan
As the world prepares to welcome the Year of the Rat, feng shui masters predict a lucky year for Donald Trump, but warn Harry and Meghan's futures are less certain as they make a bid for freedom.
Both the US President and the Sussexes have begun 2020 with a bang.
The former is facing down an impeachment trial -- and seeking re-election in November -- while the latter are beginning a new chapter in Canada after consciously uncoupling from the gilded but pressured career of being a working British royal.
But if experts in the field of Chinese horoscopes are to be believed, it is the US president that will have the easier journey this year.
John Roberts caused a ‘crisis of democratic legitimacy’ — it’s ‘entirely fitting’ he has to preside over his mess: columnist
Supreme Court Justice John Roberts was blasted in The Washington Post on Thursday for his culpability in creating the dynamics that resulted in President Donald Trump -- and his impeachment.
"There is justice in John Roberts being forced to preside silently over the impeachment trial of President Trump, hour after hour, day after tedious day," Dana Milbank wrote. "Roberts’s captivity is entirely fitting: He is forced to witness, with his own eyes, the mess he and his colleagues on the Supreme Court have made of the U.S. political system. As representatives of all three branches of government attend this unhappy family reunion, the living consequences of the Roberts Court’s decisions, and their corrosive effect on democracy, are plain to see."