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Elizabeth Warren fixed her gaze on the White House the moment she arrived at the US Senate. Today, she’s actually running for the presidency, but it is not going well. Monday morning, a poll out of New Hampshire showed her with just five percent. Residing next door in Massachusetts makes the Granite State a must-win for the senator, yet she trails Bernie, Biden, and Buttigieg by double digits.
You can’t say she isn’t trying. Each week she unveils another progressive plan to win over the woke. Today, she announced not only free college but debt cancellation for most grads. Here are the details:
- Cancel debt for more than 95% of the nearly 45 million Americans with student loan debt;
- Wipe out student loan debt entirely for more than 75% of the Americans with that debt;
- Substantially increase wealth for Black and Latinx families and reduce both the Black-White and Latinx-White wealth gaps; and
- Provide an enormous middle-class stimulus that will boost economic growth, increase home purchases, and fuel a new wave of small business formation.
And how on earth would she pay for such a thing? An “Ultra-Millionaire Tax” that would slap an additional 2% annual tax on families with $50 million or more. Yeah, I’m sure that’ll work.
Tacked onto this spending spree is her universal free college plan:
- Give every American the opportunity to attend a two-year or four-year public college without paying a dime in tuition or fees;
- Make free college truly universal — not just in theory, but in practice — by making higher education of all kinds more inclusive and available to every single American, especially lower-income, Black, and Latinx students, without the need to take on debt to cover costs.
What do you think, Ricochetti: Is this plan sane? And, more importantly for Liz, will it help her foundering campaign?