Elizabeth Warren Wants to Pay Off Your Student Loans with Other People’s Money

Her latest batty idea is up on her Medium page today:

It’s time for bold action to actually fix the debt crisis. Here’s what my new plan would do:

• It cancels $50,000 in student loan debt for every person with household income under $100,000.

• It provides substantial debt cancellation for every person with household income between $100,000 and $250,000. The $50,000 cancellation amount phases out by $1 for every $3 in income above $100,000, so, for example, a person with household income of $130,000 gets $40,000 in cancellation, while a person with household income of $160,000 gets $30,000 in cancellation.

• It offers no debt cancellation to people with household income above $250,000 (the top 5%).

 Read more at National Review

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