Fmr Education Sec Blasts Sanders, Warren for Attacking ‘Wrong End’ of Student Loan Problem

Screenshot Fox News

2020 Democratic presidential primary candidates Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) were blasted by the former secretary of education under former President Ronald Reagan for their plans to erase Americans’ student loan debt, proclaiming the senators are attacking the “wrong end” of the issue.

During a Monday interview with Fox News’ “The Story with Martha MacCallum,” former Secretary of Education Bill Bennett was pressed for his thoughts on Sanders’ and Warren’s proposed plans to eliminate student loan debt for Americans.

Sanders plans to eliminate all student debt for Americans and provide for free college while Warren’s plan clears student loans for 75% of Americans and also aims to make higher education “free.”

Bennett responded by comparing Sanders’ and Warren’s plans to a game of poker, warning to “be careful of a poker game with two socialists.”

He then torched the two senators as going after the “wrong end of the problem” and pointing out that things were made “worse” by the government taking over the “student loan business.”

“This is the wrong end of the problem that they’re attacking,” said Bennett. “Because when the federal government in 2007 took over the student loan business from the private sector, it made things worse. And it has made a large part of this problem.”

Watch the video here:

The former education secretary continued on to point out some issues with the senators’ plans, such as differentiating between cost-effective public schools and more expensive private schools, what to do about the people who have already paid off their debts, and colleges and universities could “raise” their tuitions “when they see free tuition.”

“The more the federal government makes available in terms of money with its crazy rules, the higher tuition is going to go,” added Bennett, referring to a hypothesis he wrote “years ago.”

On Monday, Sanders — the self-described democratic socialist running in the crowded 2020 Democratic presidential primary race — unveiled a proposal to cancel out the entire $1.6 trillion in student loan debt for the country currently held by 45 million Americans and provide for free college education.

The Vermont senator plans to pay for the plan by taxing Wall Street, which his campaign claims will raise over $2 trillion in a decade in the face of skepticism from tax experts, who expect lower revenues.

What do you think?

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Otis
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Everything should be ‘free’ according to the Dumbocrats except for fetuses.

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There’s definately a problem. The schools have been abusing this program for years and forcing students to borrow more and more. Only the lucky few former students are lucky enough to pay off their debts. MOST cannot pay off their massive debt because of job changes, layoffs, etc etc. You cannot start a decent life by dragging behind a massive load of pure debt. The whole process is flawed. Former students are suffering from the greed of the colleges and circumstances beyond their control and Need relief.

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