{"id":1157927,"date":"2021-12-26T15:05:00","date_gmt":"2021-12-26T20:05:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1157927"},"modified":"2021-12-26T15:05:04","modified_gmt":"2021-12-26T20:05:04","slug":"kamala-harris-pushes-for-debt-forgiveness-for-student-loans-top-obama-economist-pushes-back","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kamala-harris-pushes-for-debt-forgiveness-for-student-loans-top-obama-economist-pushes-back\/","title":{"rendered":"Kamala Harris Pushes For Debt Forgiveness For Student Loans. Top Obama Economist Pushes Back."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fkamala-harris-pushes-for-debt-forgiveness-for-student-loans-top-obama-economist-pushes-back%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1157927&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Vice President Kamala Harris said during an interview that aired on Sunday that Democrats need to fight for student debt forgiveness which comes as a former top economist in the Obama administration said that the idea was \u201chighly regressive.\u201d<\/p>\n<p>\u201cCongresswoman Alexandria Ocasio-Cortez says it\u2019s delusional for Democrats to think they\u2019re going to win control in 2022 if they don\u2019t do something about the filibuster and student debt,\u201d CBS News host Margaret Brennan said on \u201cFace The Nation. \u201cWill we see any movement on student debt in the new year?\u201d<\/p>\n<p>\u201cSo, I know that Sec. Cardona, the Secretary of Education, is working on what we can do and must do frankly to relieve the \u2014 the pressures of student loan debt, and it\u2019s a real issue,\u201d Harris said. \u201cStudents across \u2014&nbsp;well graduates and former students across our country are literally making decisions about whether they can have a family, whether they can buy a home. \u2026 And it\u2019s no small matter, and we need to figure out a way to relieve debt.\u201d<\/p>\n<p>When pressed by Brennan on whether it was important to deliver on debt forgiveness for student loans before the midterms, Harris responded, \u201cWell, I think that we have to continue to do what we\u2019re doing and figure out how we can creatively relieve the pressure that students are feeling because of their student loan debt. Yes.\u201d<\/p>\n<p>WATCH:<\/p>\n[embedded content]\n<p>Larry Summers, who served as the 71st United States Secretary of the Treasury from 1999 to 2001 and as the 8th Director of the National Economic Council from 2009 to 2010, pushed back on student debt relief in a series of tweets on Friday, writing: \u201cJudged purely in terms of economic impacts, the Administration\u2019s decision to extend student loan moratorium is highly problematic.\u201d<\/p>\n<p>\u201cAt a time when unemployment is unusually low and household balance sheets are very strong for all income quintiles, there is no special case for across the board relief now, unlike when it was put in place two years ago,\u201d Summers said. \u201cThe Admin understood this when it made clear the last round of temporary debt relief would be the final one &amp; not be extended. How much things have changed since the onset of Covid when it was completely explicit that student loan relief would sunset after the previous extension.\u201d<\/p>\n<p>\u201cThe student debt relief is highly regressive as higher income families are more likely to borrow and to borrow more than lower income families. Adults with student &nbsp;loans have much higher lifetime incomes than those without,\u201d he continued, later adding: \u201cRelief also promotes spending in the near term when the economy is clearly supply constrained thereby contrbuting to inflation pressures.\u201d<\/p>\n<p>TRANSCRIPT:<\/p>\n<p><em>MARGARET BRENNAN: I want to move on to foreign policy but just to button that up though, Congresswoman Alexandria Ocasio-Cortez says it\u2019s delusional for Democrats to think they\u2019re going to win control in 2022 if they don\u2019t do something about the filibuster and student debt. Will we see any movement on student debt in the new year?<\/em><\/p>\n<p><em>VICE PRESIDENT HARRIS: So, I know that Sec. Cardona, the Secretary of Education, is working on what we can do and must do frankly to relieve the- the pressures of student loan debt, and it\u2019s a real issue. Students across- well graduates and former students across our country are literally making decisions about whether they can have a family, whether they can buy a home. You know, I\u2019ll date myself, but you know, I had student loan debt. I remember that coupon book, and I had to fill out the coupon and write the check every month. And it\u2019s no small matter, and we need to figure out a way to relieve debt. So it\u2019s a fair issue in terms of the seriousness of the issue. Voting we\u2019ve discussed, it is a very big issue, and what I believe we must do is continue to be vigilant and fighting for folks who have a right to be seen and their circumstances to be heard and understood because we have the ability to actually alleviate the burdens that people are carrying that make it difficult for them to get through the day or in the month.<\/em><\/p>\n<p><em>MARGARET BRENNAN: But do you think you need to deliver on that promise before 2022?<\/em><\/p>\n<p><em>VICE PRESIDENT HARRIS: Which promise?<\/em><\/p>\n<p><em>MARGARET BRENNAN: On debt forgiveness for student loans?<\/em><\/p>\n<p><em>VICE PRESIDENT HARRIS: Well, I think that we have to continue to do what we\u2019re doing and figure out how we can creatively relieve the pressure that students are feeling because of their student loan debt. Yes.<\/em><\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President Kamala Harris said during an interview that aired on Sunday that Democrats need to fight for student debt forgiveness which comes as a former top economist in the Obama administration said that the idea was \u201chighly regressive.\u201d \u201cCongresswoman Alexandria Ocasio-Cortez says it\u2019s delusional for Democrats to think they\u2019re going to win control in &#8230;<\/p>\n","protected":false},"author":134,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1157927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1157927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/134"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1157927"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1157927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1157927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1157927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1157927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}