Tag: Elizabeth Warren
There were stories about student debt on the Wall Street Journal This Morning today and in the Journal's newspaper yesterday mentioning initiatives by Senator Elizabeth Warren (D-MA) and others. Unfortunately and maybe intentionally, our Senator's initiatives went unheralded.
During a swing through Virginia last month, Senator Warner stopped at a number of campuses to discuss his concerns. The commercial media has not given Warner's ideas the attention they deserve and his opponent hasn't been challenged on the issues.
Studies like the one done at Brookings that downplay the impact of student loan debt rely on data from 2010 and before; not recent enough to capture the changes to the economic landscape precipitating from the financial crisis. They also fail to account for the debt generated from loans that paid for "educations" from predatory for-profit colleges and universities and the waste of veterans benefits squandered at those same institutions.
Plus there is an intangible factor bearing on the psyche of graduates that the Senator lays out after explaining that his own first two ventures in entrepreneurship and capitalism ended in failure and financial loss:
"The point of the story is: if I had come out with, the way many students are now, with forty, fifty, sixty, seventy thousand dollars' worth of debt, I'm not sure I would have had the courage or ability to try to take those multiple chances."
College debt may be an obstacle to the kind of freedom necessary for the creativity and invention that made America the leader in innovation. Warner offers a number of ideas to mitigate the challenge that student loan debt presents.
Is it really so hard to talk like this if you're a Democrat? I mean, it's simply stating core Democratic values in an articulate, forceful, manner. Seems easy, right? But, sadly, it isn't. Think about it: when was the last time you heard a Virginia Democrat speak like this? Jim Webb back in 2006, perhaps? Tom Perriello in 2008-2009? Donald McEachin when he gets on a roll? Jim Moran when he gets angry about injustice? A few others (e.g., I've seen Gerry Connolly really fire it up at times). But for most Virginia Democrats, speaking like Elizabeth Warren does in this video - strongly connecting with the Democratic Party's roots and articulating its values - appears to be the proverbial "rocket science." Why is that? It's really not so hard, that is, if you passionately believe in those Democratic values, and are not just an ambitious politician or a corporate shill without any progressive, populist, working class, middle class, or other Democratic core principles (not to name any names, but I can think of a few right off the top of my head, including one VERY popular one!).