On the recordSeptember 14, 2022
so let's remember what we are talking about here. We are not canceling debt; we are transferring debt. We are transferring the debt because this obligation doesn't go away. Somebody still owes this money. What we are saying is, people who decided--they made the choice--to go to college or go to some higher education, they are not going to have to pay their debt. And people who didn't and already paid off their debt, they are going to pay for it. My colleague from Massachusetts never acknowledged the example. We all remember when we went out to dinner and we didn't spend the most money and how somebody suggested that, oh, let's just share it. So we paid for the expensive wine, and we paid for the expensive meal. That is not fair. When you talk to Americans around the country, and they say: Would you like to forgive all the debt? Absolutely. Free is great. But when you say: You are going to pay for it, they say: Absolutely not. Why would I pay off the debt for somebody else? Let's remember just what my bill does. It doesn't say we can't forgive student loans; it says that Congress ought to decide if we do it. This is going to cost up to $1 trillion. I don't think we ought to, so-called, transfer this debt, but my bill will at least give us a chance to have a debate on it. But that is not what my colleague wants to do.…





