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2020 Road to the White House

Bernie Sanders to Announce New Plan Canceling $1.6 Trillion in Student Loan Debt

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Sen. Bernie Sanders is expected to introduce a new student loan debt elimination plan rivaling that of his Democratic opponent Elizabeth Warren. The proposal would effectively cancel out student loan debt for every American.

Sanders is expected to submit the new legislation on Monday. It would specifically cancel $1.6 trillion of student loan undergraduate and graduate debt for approximately 45 million people.
“We are going to forgive student debt in this country,” Sanders told a crowd in South Carolina Sunday night. “We have for the first time in the modern history of this country a younger generation that if we don’t change it, and we intend to change it, will have a lower standard of living than their parents, more in debt, lower wages than their parents, unable to buy the house that they desire.”
“Congress voted to bail out the crooks on Wall Street, do you remember that?” he asked. “They provided seven hundred billion in federal loans and in addition trillions of dollars in zero or very low interest loans. So I think the time is now for Wall Street to repay that obligation to the American people. If we could bail out Wall Street, we sure as hell can reduce student debt in this country.”
At first glance, there appears to be no limitation slated for eligibility purposes and would be paid for by a new tax implementation on Wall Street.
Warren has her own debt relief package on the line as well. Her plan offers support to Americans based on income eligibility levels. The goal being to close the racial wealth gap versus student debt relief for all Americans regardless of pay status.
It definitely makes the Sanders plan more appealing for most because the minute the legislation is signed into law, student loan debt of any kind is erased.
Sanders is expected to announce the legislation Monday with Minnesota Rep. Ilhan Omar and Washington Rep. Pramila Jayapal, co-chair of the Congressional Progressive Caucus. Whether it has legs to put him over the top of the Democratic candidates remains to be seen, but how do you argue with student loan debt relief for all Americans?

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2020 Road to the White House

Michael Bloomberg Preparing Presidential Run – Could File This Week

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Former New York City mayor Michael Bloomberg is preparing a presidential run as a Democrat. The self-made billionaire who has been a registered Democrat, a registered Republican, a registered Independent, and once again as of last year a registered Democrat will file papers in Alabama before that state’s deadline Friday.

“Should Mr. Bloomberg proceed with a campaign, it could represent a seismic disruption in the Democratic race,” The New York Times reports, adding that he could be “a grave and instantaneous threat to former Vice President Joseph R. Biden Jr.”

Howard Wolfson, a close advisor to the former mayor says: “We now need to finish the job and ensure that Trump is defeated — but Mike is increasingly concerned that the current field of candidates is not well positioned to do that.”

This is a breaking news and developing story. Details may change. This story will be updated, and NCRM will likely publish follow-up stories on this news. Stay tuned and refresh for updates.

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2020 Road to the White House

Julián Castro Says His Campaign Is ‘In Dire Need’ of Funds – and He’s Out if He Can’t Raise $800k in Ten Days

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Julián Castro says he will have to pull out of the Democratic presidential primary if he does not raise $800,000 in the next ten days. Castro, a former HUD Secretary, says he will be forced to stop campaigning if he does not reach his financial goals by the end of the month.

“The truth is, for our campaign, these debates have offered our only guaranteed opportunity to share my vision with the American people,” Castro said in an email to supporters, as Buzzfeed reports.

“If I can’t make the next debate stage, we cannot sustain a campaign that can make it to Iowa in February,” Castro continued. “My presidential campaign is in dire need of financial resources to keep going.”

U.S. Senator Cory Booker had made a similar announcement last month, telling supporters he would need to drop out if he did not raise $1.7 million by the end of September. He pulled in more than $2.1 million over that last nine days or so, leading to his strongest fundraising month of his campaign.

Castro is consistently polling around 1% and has never gotten above the 2% mark, according to RealClear Politics.

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2020 Road to the White House

‘This Is a Real Warning’: Ex-Campaign Aide Bluntly States Clinton Didn’t Go Far Enough Criticizing Tulsi Gabbard

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On MSNBC Saturday, former Clinton campaign official and director of SiriusXM progressive programming Zerlina Maxwell said that not only did Hillary Clinton do nothing wrong for criticizing Rep. Tulsi Gabbard (D-HI), she should have if anything gone even harder.

“I think she didn’t go far enough, and we have to decide whether or not we’ll listen to Hillary Clinton, who lived through this in 2016, or whether or not we’re going to do what we did in 2016, is decide that what she’s saying is irrelevant because of how we feel personally about her, and I think that that would be a mistake,” said Maxwell.

Related: ‘Malevolent Kraken’: Tulsi Gabbard Mocked After Attacking Hillary Clinton Over Claim Russia Is Grooming a Woman Democrat

“In 2016, anchors literally laughed at Hillary Clinton when she said it was Russia,” Maxwell continued. “Robby Mook went on television and said, ‘It was Russia that was hacking our emails and releasing them on Wikileaks.’ We were laughed at. I would like everyone to listen to us now because I, on the campaign, had that red banner over my email that said, ‘Government hackers are trying to infiltrate your account.’ So, this is a real warning. And I think that we would be smart to listen before it’s too late.”

Watch below:

Image by Gage Skidmore via Flickr and a CC license

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