The Squad, a team of four radical congresswomen, just keeps getting more and more radical in its demands.
The team of AOC, Omar, Pressley, and Tlaib keeps on demanding everything under the sun, including cancelling rent payments and defunding the police.
Now, you can add student debt cancellation to their wish list!
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Speaking with Yahoo, Representative Ayanna Pressley said that student debt must be wiped clear in order to promote “racial justice”:
Canceling student debt would not only address the massive racial inequalities among borrowers, but also “jump-start” the economy, according to a Democratic lawmaker.
“There’s unrest in the lives of Black Americans, and that’s because of centuries of disproportionate hate, hurt, and harm that have been foisted on to Black Americans,” Rep. Ayanna Pressley (D-MA) told Yahoo Finance. “And so we’re at a culture shift moment — but we need a power shift moment.”
Pressley has supported cancelling student debt to help level racial inequalities. “Black student borrowers borrow, and default more than anyone else because of our inability to build generational wealth,” she said. “I see that as a racial justice issue.”
There would be a macroeconomic benefit, she added: “The average borrower has $30,000 worth of debt — [cancelling that] will jump-start the economy.”
A recent report by the Federal Reserve Bank of New York found that borrowers living in majority Black and majority Hispanic zip codes are “much more likely to default on student debt by age 30.” Two-year college borrowers who reside in majority Black areas defaulted almost twice as much as those in majority white areas.
Nationwide, default rates are the highest for those who live in majority Black zip codes, both for graduates of two-year and four-year schools.
A recent report by the Student Borrower Protection Center (SBPC) went deeper into borrower behavior in Philadelphia, New York City, San Francisco, and Washington, D.C., to determine how they manage their debt.
The researchers found that despite living only a few blocks apart, borrowers of color struggle a lot more with their student debt. When added to existing inequities, the strain of student loans is “reinforcing social stratification and segregation across neighborhoods,” the report stated.
For instance, in San Francisco, the rate of student loan delinquency in neighborhoods with the largest minority populations is over 7.5 times higher than areas with majority-white populations. And the three neighborhoods where student loans saw a delinquency rate lower than 5% are at least 75% white, the authors noted.
The data “highlights how student debt is increasingly a racial and economic justice issue,” SBPC stated in an email to Yahoo Finance.
Pressley has been active in pushing Congress to consider student debt cancellation.
<p content='She previously introduced a bill with colleague Rep. Ilhan Omar (D-MN) to cancel $30,000 in outstanding student loan debt back in March, right as the coronavirus began to hit the U.S. The senate Democrats proposed cancelling $10,000 instead. The CARES Act, passed in March, didn’t offer either. ‘ data-reactid=”69″ type=”text”>She previously introduced a bill with colleague Rep. Ilhan Omar (D-MN) to cancel $30,000 in outstanding student loan debt back in March, right as the coronavirus began to hit the U.S. The senate Democrats proposed cancelling $10,000 instead. The CARES Act, passed in March, didn’t offer either.
You can watch part of Pressley’s interview right here:
Get rid of police, get rid of rent payments, get rid of student debt.
How about we just get rid of responsibility in general?
That seems to be the goal of these fanatical congresswomen.
Check out what's trending on Twitter over Pressley's latest proposals:
Previously, Pressley had introduced the BREATHE Act in Congress along with Representative Rashida Tlaib.
Among many ridiculous proposals, the bill would defund police, allow illegal immigrants to vote, and close prisons across the country!
Fox News previously reported details on the BREATHE Act:
Two congressional "squad" members unveiled a wide-ranging proposal Tuesday to defund police departments and establish a reparations program for African Americans and people harmed by the police and the criminal justice system.
Reps. Rashida Tlaib of Michigan and Ayanna Pressley of Massachusetts, both Democrats, announced the BREATHE Act via a virtual conference call. Both lawmakers are part of the four-member "squad," a group of female progressive House members that includes Reps. Alexandria Ocasio-Cortez of New York and Ilhan Omar of Minnesota.
“We can start to envision through this bill a new version for public safety — a new vision for public safety, one that protects and affirms black lives,” Tlaib said, according to the New York Post.
The legislation has not been introduced. Ocasio-Cortez and Omar were not announced as backers of the proposal.
Under the bill, federal funds to local police and federal agencies would be slashed and diverted to pay for health care, education, environmental housing programs. It would eliminate federal programs and agencies used to finance Immigration and Customs Enforcement (ICE) and the controversial Department of Defense 1033 program, which transfers excess military equipment to civilian law enforcement agencies.
The program has been criticized for the perceived militarization of local police departments.
Other provisions include abolishing surveillance tactics disproportionately used to target minority communities, electronic monitoring -- including ankle monitors, smartphone apps and other tools -- ending civil asset forfeiture, ending the "three strikes" law and repealing laws that criminalize illegal immigration.
In addition, it would offer a 50 percent match of savings for states to close down detention facilities and prisons, the elimination of gang databases and the forgiving of all fees and surcharges within the justice system.