Joe Biden Extends An Elbow To Bernie Sanders Supporters
Biden lets his progressiveish flag fly with new Medicare and student debt forgiveness plans
The prevailing argument in 2016 for why Sen. Bernie Sanders supporters should've backed Hillary Clinton is that even if she wasn't your candidate, you could still advocate for the policies important to you if she's president. Clinton would listen to you, whereas Donald Trump would ignore your pleas and just give you coronavirus.
Well, in fairness to third party voters, no one expected an economy-wrecking global pandemic. Now, we're soaking it in like Palmolive as we scrub our hands furiously. We should all understand what's at stake in this upcoming election, and if we're still too dense to realize it, at least Joe Biden isn't. He's already making an effort to unite the party's two wings, both alike in dignity.
Thursday, Biden announced two new Sanders-friendly policy proposals that aren't full of malarkey. The first lowers the eligibility age for Medicare from 65 to 60. There were several proposals for this out there, with age minimums as low as 55, but Biden hadn't supported them until now. He's linked his change in position to the coronavirus crisis, because even when life returns to some semblance of normality, Biden concedes that "older Americans are likely to find it harder to secure jobs." Fast fact, as Beakman would say: Workers over the age of 55 made up 49 percent of all new jobs in 2018. They were also a sizable percentage of employees in the temporarily (we hope) devastated restaurant industry.
Sanders and Biden tussled over Biden's record on Social Security. We won't get into that here, but it's definitely important that the Democratic nominee lead with a senior-friendly economic plan, especially post-coronavirus.
We have to do more to ease the economic burden on working people. So today, I'm adopting two new policies to help d… https: //t.co/4pYBAfbi2x
— Joe Biden (@Joe Biden) 1586460720.0
Biden's second proposal is student debt forgiveness. Considering how long it takes to pay off most college loans, this is also a senior-friendly plan. He'd remove the yoke of debt for low-and middle-income borrowers who attended public colleges or private historically black colleges and universities (HBCUs) and private, underfunded minority-serving institutions (MSIs). It's like he's gone commie on us.
BIDEN: Under this plan, I propose to forgive all undergraduate tuition-related federal student debt from two- and four-year public colleges and universities for debt-holders earning up to $125,000, with appropriate phase-outs to avoid a cliff. The federal government would pay the monthly payment in lieu of the borrower until the forgivable portion of the loan was paid off. This benefit would also apply to individuals holding federal student loans for tuition from private HBCUs and MSIs.
As for how he'd pay for this, Biden would repeal the "excess business losses" tax cut in the CARES Act, which he believes "overwhelmingly benefits" rich people.
Biden has already embraced Sen. Elizabeth Warren's plan to immediately cancel $10,000 of student loan debt for every American in response to COVID. He gave a shoutout to Warren on Twitter in support of her plan, and he's openly credited Sanders and his supporters for his current policy proposals.
BIDEN: Senator Sanders and his supporters can take pride in their work in laying the groundwork for these ideas, and I'm proud to adopt them as part of my campaign at this critical moment in responding to the coronavirus crisis.
The Sanders team has stated that it believes Biden is “operating with good intent," as do we. It's clear Biden is responding to this unique moment and understands bold ideas are necessary to help the country not just survive post-corona but once again prosper. Now let's all roll up our sleeves and take out the current White House garbage. We won't forget to wash our hands afterward.
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If you don't use Medicare/Medicaid funds that are currently coming from the feds, then you have to raise state taxes to cover those people who are no longer on Medicare and Medicaid in the state program. Make sense? That's the "gain"- you avoid having to make it cost prohibitive. It can only be done if Congress approves the waiver.
The new program provides comprehensive benefits while reducing costs. It reduces administrative costs associated with managing multiple insurance programs and data gathering streams, and will save money through bulk purchasing and negotiating power, similar to what a national M4A program would do.
No one is making that is was free money. It was money collected through taxes that was already earmarked for health care, now going poof. Like if someone came along and started garnishing your wages and putting it into a trust fund that you could never access. And now your life costs too much because you don't have the revenue you did before. Not because prices were artificially inflated.