Find us @

Feature

AOC rejects the ‘scarcity mindset’ and GOP attacks the student debt relief plan

Democratic lawmaker says that student loan forgiveness doesn’t bother them.

Published

on

New York Democratic Rep. Alexandria Ocasio-Cortez pushed back against the “scarcity mindset” on Saturday, after Republicans voiced opposition to her proposal to forgive existing student loan debt.

The Democrat was asked in an Instagram post how helping those who have already paid off their student loans would benefit from debt cancellation.

“Perhaps you don’t care about student loan forgiveness. That doesn’t mean it’s a bad thing. I’m positive that there are additional services you receive as a result of the taxes paid by people who take out student loans. The idea that helping others must mean giving up something for ourselves is a form of mental scarcity that we can overcome “The democratic socialist Ocasio-Cortez declared.

The lawmaker continued, “Not every program affects everyone.” “Housing complex tenants are responsible for funding programs that assist first-time homeowners. The Medicare program is funded in part by young people’s contributions. Commuters foot the bill for road maintenance.”

President Joe Biden on Wednesday announced a relief plan to forgive some borrowers’ outstanding federal student loan debt, and her response comes as a result. Student loan borrowers with annual incomes of less than $125,000 will be eligible for $20,000 in loan forgiveness if they received a Pell Grant, and $10,000 if they did not receive a Pell Grant, according to Vice President Joe Biden.

Some Republicans have criticized President Biden’s student loan forgiveness program, despite the fact that it is designed to help millions of Americans who are having trouble making their monthly loan payments.

On Friday, Republican Senator from Texas Ted Cruz criticized Biden’s plan, claiming that the upcoming midterm elections could be helped by “slacker baristas” who benefited from the plan’s loan forgiveness.

The risk is real,” Cruz emphasized. “Joe Biden just gave that lazy barista $20,000 because he or she wasted seven years of their lives studying something they will never use in their careers. Exactly like, holy cow! 20 grand. Possibly you weren’t planning on casting a ballot in November. To top it all off, you received a windfall of twenty grand out of the blue.”

Democratic chances in the 2022 midterms could be improved if Vice President Biden forgives some student loan debt, according to Republican Senator Ted Cruz of Texas. Turnout could be increased if “that slacker barista who wasted seven years in college can get off the bong for a minute.” pic.twitter.com/COjbho5tD9 — Countdown to The Recount (@therecount): August 26, 2022

The Republican senator continued, “If you can get off the bong for a minute and head down to the voting station.” Voter turnout, especially among young people, could be boosted if more people sent in the mail-in ballots they received courtesy of the Democrats.

On Friday, some Democrats, including Representative Ilhan Omar of Minnesota and Senator Bernie Sanders of Vermont, called out Cruz for his remark. Sanders tweeted, “This is what a leading Republican thinks of young’slacker’ Americans who took out loans to go to college.”

A prominent Republican has this to say about today’s young, debt-ridden college students: “slackers.” https://t.co/37q9BX71KR Tweeted by Bernie Sanders (@SenSanders): Tuesday, August 26th, 2022

Representative for the Republican Party in Georgia, Marjorie Taylor Greene, blasted Biden’s plan in an interview with Newsmax on Wednesday, calling it “completely unfair.” Paycheck Protection Program (PPP) loans, which were made legal by former President Donald Trump in March 2020 as part of the CARES Act, were cited by the White House in response to that clip.

The official White House account responded, “Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven.”

Rep. Matt Gaetz (R-FL) of the Republican Party has been critical of the show and the “overeducated elites” on his Firebrand podcast. He had “$482,321 in PPP loans forgiven,” but the White House still called him out for rejecting the debt relief plan.

Newsweek tried to get in touch with Ocasio-office Cortez’s for an explanation.

Articles Related to

Subscribe to Newsweek now for a free, full year!