Dem Hopeful Squares Off With Debt Crisis

Our first contributor comments on, ‘It’s a very slippery slope we are going down when we criminalize inaction.’ 

“Individuals, even law enforcement, shouldn’t be punished for inaction or even cowardice in the face of imminent danger. (Troops on the battlefield — that’s a whole different issue.) The courts have already said law enforcement has no obligation to protect. 

“If we criminalize inaction then I expect we will criminalize failure to recycle, failure to report criminal behavior, failure to drive a Tesla or failure to vote….”

On arming teachers…

“I have said teachers should carry guns all along. Train them how to handle a gun and have a few teachers carry them.”

Just extrapolating here: schools might want to replicate the air marshall/airplane model. Train a select number of teachers, permit them and keep quiet on who’s carrying. That might be a deterrent to school shooters?

This professor agrees…

“Teachers, professors and administrators should be armed and carrying in the classroom if they are trained and qualified with a firearm. 

“Nothing frightened me more than when a student earned a low or failing grade in an undergraduate course. Until Texas changed the law on concealed carry on campus, I was armed with a can of wasp spray.”

That was good for a laugh…

Last, as for the tanker attacks in the Gulf of Oman yesterday, a reader says:

“Perhaps closer scrutiny should be directed at Israel for the [attack on tankers]. I’m not saying they are responsible, but who would benefit more from the U.S. starting a war with Iran?”

Dem Hopeful Squares Off…

In one corner, we give you Sen. Elizabeth Warren and 2020 presidential hopeful. In the other corner: the college loan and debt crisis in the U.S.

Her take published at Medium: “We got into this crisis because state governments and the federal government decided that instead of treating higher education like our public school system — free and accessible to all Americans — they’d rather cut taxes for billionaires and giant corporations and offload the cost of higher education onto students and their families. The student debt crisis is the direct result of this failed experiment.’

Warren says she’ll be rolling out legislation in the coming weeks — along with support in the House from Rep. James Clyburn — to forgive up to $50,000 in college loan debt for people who earn under $100,000 annually. For those earning $250,000 or more, no loan forgiveness for you.

Wonder who’s going to be paying for all this government largesse? “The entire cost of my broad debt cancellation plan and universal free college is more than covered by my Ultra-Millionaire Tax — a 2% annual tax on the 75,000 families with $50 million or more in wealth,” Warren says.

Partnering with loan forgiveness, Warren wants to make 2 and 4-year public college completely free for all Americans.

And Warren believes college-loan forgiveness will be a net positive for the American economy through “consumer-driven economic stimulus, improved credit scores, greater home-buying rates and housing stability, higher college completion rates, and greater business formation.”

There’s no arguing there’s a student-loan crisis in the U.S. Is Warren’s plan a feasible solution?

Market Rundown for Fri. June 14, 2019

S&P 500 future are down 6 points to 2,885.38.

Oil is up 11 cents to $52.39 for a barrel of West Texas crude.

Gold is up $6.90 to $1,350.60.

Bitcoin’s up $147 to $8,382.99.

Have a great weekend… Don’t forget to catch the Saturday Rundown.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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