AOC Is Right: Democrats Can’t Cave In on the Border Bill
Tom Williams/Congressional Quarterly/Newscom via ZUMA Democrats are split over a bill to fund $4.5 billion in emergency humanitarian aid for the southwest border: With a House vote on the package planned for Tuesday, some Democrats are revolting over the measure, fearing that the aid will be used to carry out Mr. Trump’s aggressive tactics, including…
Elizabeth Warren Wants to Know Why HUD Hired Someone Known for Racist Blog Posts
John Locher/AP On Monday, Democratic presidential candidate and Massachusetts Senator Elizabeth Warren sent a letter to Ben Carson criticizing the Department of Housing and Urban Development’s decision to hire Eric Blankenstein, a former Consumer Financial Protection Bureau official with a history of writing racist blog posts. “I am gravely concerned that Mr. Blankenstein has been…
Don’t Blame Boomers, Blame Their Parents
Since I’m being cranky today, I might as well stay cranky. Over at Vox, fellow boomer David Goldstein says that our generation ruined college for everyone else: Boomers like me have pulled up the ladder behind us after being educated largely at taxpayer expense. No wonder young people have piled up more than $1.5 trillion…
Millennial Debt Is Actually Pretty Low
Bernie Sanders proposed today that all existing student debt—amounting to about $1.6 trillion—should be wiped off the books. Kara Voght has this to say: In recent years, researchers and policymakers have begun to view student borrowing and its side effects as an economic crisis. The Federal Reserve blames student loan debt for young adults’ declining…
Sanders and Warren Have Very Different Plans to Fix Student Debt
Sen. Bernie Sanders (I-Vt.) holds a news conference to discuss his college affordability legislation in Washington on Monday June 24, 2019.Caroline Brehman/CQ Roll Call via AP Bernie Sanders just took his long-running war against the high cost of college to a whole new level: He’s introducing a bill to cancel all $1.6 trillion outstanding student…
Trump: Fed Not Helping My Reelection Campaign Enough
Here’s a trip down memory lane: September 12, 2016: Candidate Donald Trump whines that the Fed should be raising interest rates, but won’t because it’s protecting the economy for Obama. “Any increase at all will be a very, very small increase because they want to keep the market up so Obama goes out and let…