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Chris Hayes @chrislhayes
@DarrickHamilton @Econ_Marshall @JonWalkerDC @NathanTankus @Atrios @astradisastra @andreperryedu @_cromer043 @nzewde Right and that’s the argument for doing it, but how would that change higher education finance? Like, what does tuition/financial aid etc look in the world that all student debt it wiped out that is different than what it looks like now? I’m asking this earnestly — PolitiTweet.org
Chris Hayes @chrislhayes
@SEAsheltie @NathanTankus @Atrios @Econ_Marshall @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde Yes I think this by far the best argument. — PolitiTweet.org
Chris Hayes @chrislhayes
@NathanTankus @Atrios @Econ_Marshall @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde I feel like we’re living in different universes of political analysis. Maybe I’m way too pessimistic but the whole reason this is even being considered is that currently there aren’t 50 votes to even extend the CTC! — PolitiTweet.org
Chris Hayes @chrislhayes
@rohangrey @NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde And believe me, while there are not lots of things I know intimately, the nature of law school debt and the perverse incentives it creates for young lawyers is something I know pretty well. — PolitiTweet.org
Chris Hayes @chrislhayes
@rohangrey @NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde But it doesn’t do that going forward! I feel like I’m losing my mind here but retroactive cancellation of debt would not change that into future unless a lot else changed — PolitiTweet.org
Chris Hayes @chrislhayes
@Econ_Marshall @JonWalkerDC @NathanTankus @Atrios @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde What do you think would change post total cancellation? — PolitiTweet.org
Chris Hayes @chrislhayes
@NathanTankus @Atrios @Econ_Marshall @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde like: you're not creating some new universal benefit that people have an ongoing interest in. — PolitiTweet.org
Chris Hayes @chrislhayes
@NathanTankus @Atrios @Econ_Marshall @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde right but there's nothing progromatic going forward, which obviously all of us would favor and is not an argument for doing nothing but it changes the dynamics of the constituencies and how enduring they are. — PolitiTweet.org
Chris Hayes @chrislhayes
@Atrios @Econ_Marshall @NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde an stipulated edge cases can be demagogued in lots of places, but tuition free-college seems far sounder, both on merits and politically, imho — PolitiTweet.org
Chris Hayes @chrislhayes
@Atrios @Econ_Marshall @NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde Yeah I think there's a pretty big difference! Partly because what's being discussed here is, basically a one-time jubilee, which is quite different from, say, a universal program going forward. — PolitiTweet.org
Chris Hayes @chrislhayes
@Econ_Marshall @NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde what percentage of borrowers have six figures of debt? — PolitiTweet.org
Chris Hayes @chrislhayes
@mcbyrne @NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde ha that may be true, although talk about backlash! — PolitiTweet.org
Chris Hayes @chrislhayes
RT @mcbyrne: @chrislhayes @NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde Folks at those firms refi’d to S… — PolitiTweet.org
Chris Hayes @chrislhayes
@NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde Obviously this is all completely academic as what I favor is beyond what the Biden admin is gonna do, I'm pretty sure — PolitiTweet.org
Chris Hayes @chrislhayes
@NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde Yeah I think we just disagree on whether the actual details will matter in politics of it and the level of backlash. If there's no difference whatsoever then I take your argument, but I think there is a difference. — PolitiTweet.org
Chris Hayes @chrislhayes
@ModeledBehavior I don't disagree although that was low-hanging fruit and worth plucking — PolitiTweet.org
Chris Hayes @chrislhayes
@ModeledBehavior largely through incredible and persistent advocacy by some of the same people — PolitiTweet.org
Chris Hayes @chrislhayes
@ModeledBehavior I mean it's a both and, yes. Honestly the Obama admin DOE did some really good stuff towards the end on that through regulation. — PolitiTweet.org
Chris Hayes @chrislhayes
@NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde I mean, an honest question: do you really not think that twriting down 100% of the six-figure debt of a 3rd year associate at a white shoe firm woudln't be a massive and easily avoided self-inflicted political wound? — PolitiTweet.org
Chris Hayes @chrislhayes
@NathanTankus @astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde That would remain the case if it were capped, tho! — PolitiTweet.org
Chris Hayes @chrislhayes
@astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde Agreed means-testing has pitfalls, particularly the one they are considering, which is income. — PolitiTweet.org
Chris Hayes @chrislhayes
@astradisastra @DarrickHamilton @andreperryedu @_cromer043 @nzewde Yes i've read those cases, I just wasn't persuaded by them! — PolitiTweet.org
Chris Hayes @chrislhayes
Lots more in this conversation with @caitlinzaloom we did on #WITHPod https://t.co/Mfh4Pq9WYq — PolitiTweet.org
Chris Hayes @chrislhayes
5) it's easy to avoid that pitfall but just capping the total amount per lender forgiven. — PolitiTweet.org
Chris Hayes @chrislhayes
3) there *will* be political backlash, of course. 4) total debt cancellation would produce some very weird and bad distributional outcomes that while relatively small would be genuinely politically toxic and substantively indefensible. — PolitiTweet.org
Chris Hayes @chrislhayes
My own view on student debt is that 1) the college funding system is monstrouly perverse and needs to be changed fundamentally 2) the byproduct of that is a lot of very very bad and predatory debt that's having terrible human and economic costs that should be cancelled — PolitiTweet.org
Chris Hayes @chrislhayes
@abrahamjoseph @TheAndrewNadeau I'll admit I'm completely lost. — PolitiTweet.org
Chris Hayes @chrislhayes
@TheAndrewNadeau wait...is this real? — PolitiTweet.org
Chris Hayes @chrislhayes
@astradisastra You should watch the next segment! — PolitiTweet.org
Chris Hayes @chrislhayes
More seriously if anyone makes a visualization like this for me, I'll die. — PolitiTweet.org
