Appearing on Yahoo News, “squad” member Ayanna Pressley (D-MA) called for cancelling student debt for “racial justice” and a “power shift.”
“The inequities and disparities that persist in … my district is no anomaly — they persist throughout the country” Pressley argued.
Highlight: “The inequities and disparities that persist in … my district is no anomaly — they persist throughout the country,” Rep. @AyannaPressley on the gap between Black and white communities. Also talks about her legislation to address that gap. More: pic.twitter.com/dOq2pnyqaC
— Yahoo Finance (@YahooFinance) July 9, 2020
Yahoo reports canceling student debt would not only address the massive racial inequalities among borrowers, but also “jump-start” the economy, according to a Democratic lawmaker.
“There’s unrest in the lives of Black Americans, and that’s because of centuries of disproportionate hate, hurt, and harm that have been foisted on to Black Americans,” Rep. Ayanna Pressley (D-MA) told Yahoo Finance. “And so we’re at a culture shift moment — but we need a power shift moment.”
Pressley has supported cancelling student debt to help level racial inequalities. “Black student borrowers borrow, and default more than anyone else because of our inability to build generational wealth,” she said. “I see that as a racial justice issue.”
There would be a macroeconomic benefit, she added: “The average borrower has $30,000 worth of debt — [cancelling that] will jump-start the economy.”