Elizabeth Warren was confronted by the father of a recent college graduate who asked Warren if he would get any of the money back that he paid for his daughters’ college under Warren’s proposed plan to give “free college” to nearly all Americans.
“My daughter’s getting out of school. I’ve saved all my money. She doesn’t have any student loans,” said the father and Iowa voter to Warren. “Am I going to get my money back?”
Warren smiled and smugly exclaimed, “Of course not!”
The outraged father replied, “So you’re going to pay for people who didn’t save any money? And those of us who did the right thing, get screwed!”
Warren denied his claim, saying, “No, it’s not that you’ll get screwed.”
The father disagreed: “Of course we did. My buddy had fun, bought a car, went on vacations. I saved my money. He made more than I did. But I worked a double shift. Work extra. My daughter’s worked since she was 10. So you’re laughing at us!”
In an attempt to win the Democratic Party nomination, Warren is luring college students and graduates to vote for her by talking about her plan to forgive virtually all student loan debt and transfer the burden onto U.S. taxpayers, including those who didn’t go to college.
“We can provide tuition-free technical school, community college, four year college, and we can cancel the student loan debt for 95 percent of the folks who’ve got student loan debt, that means for the first time we’d start to shrink the black-white wealth gap and we can level the playing field. We could put 50 billion dollars into historically black colleges and universities. That’s about growing tomorrow’s leaders,” said Warren in an interview with ‘Essence,’ a pro-Black female blog.
Senator Rand Paul introduced an alternative way for Americans to pay down their student debt by allowing people to withdraw from retirement accounts, tax-free, to pay down balances.
“A bill to let people withdraw up to five thousand two hundred and fifty dollars annually from their retirement accounts, tax and penalty-free to reduce college loans,” explained Senator Paul. “This still encourages savings so it doesn’t work unless you will put it aside savings. We think it would dramatically transform the way college is paid for in our country.”