Ilhan Omar: We’ll Pay for Student Debt Cancellation by Adding ‘Small Financial Transaction to Speculators on Wall Street’

RUSH TRANSCRIPT RYE You ░░░░░░░░ introduced debt cancellation legislation ░░░░░░░░ have a very young ░░░░░░░░ in Minnesota you ve ░░░░░░░░ about the importance of ░░░░░░░░ of this issue to ░░░░░░░░ personally talk about some ░░░░░░░░ the pillars of this ░░░░░░░░ legislation and how it ░░░░░░░░ Omar Yeah and as ░░░░░░░░ who s part of ░░░░░░░░ debt generation I wanted ░░░░░░░░ make sure that we ░░░░░░░░ creating a proposal that ░░░░░░░░ alleviate the kind of ░░░░░░░░ that people are dealing ░░░░░░░░ So what we re ░░░░░░░░ is a simple cancellation ░░░░░░░░ all debt public and ░░░░░░░░ So a simple cancellation ░░░░░░░░ the one point six ░░░░░░░░ dollars And the way ░░░░░░░░ we will pay for ░░░░░░░░ you know in the ░░░░░░░░ 10 years is to ░░░░░░░░ a small financial transaction ░░░░░░░░ speculators and Wall Street ░░░░░░░░ believe that we had ░░░░░░░░ opportunity to bail out ░░░░░░░░ Street and now Wall ░░░░░░░░ gets the opportunity to ░░░░░░░░ out the American people ░░░░░░░░ Omar And I think ░░░░░░░░ s really important for ░░░░░░░░ lot of people there ░░░░░░░░ be some people who ░░░░░░░░ listening who might think ░░░░░░░░ would you want to ░░░░░░░░ all of this student ░░░░░░░░ right there might be ░░░░░░░░ people who could pay ░░░░░░░░ off and I think ░░░░░░░░ us we look at ░░░░░░░░ as being the most ░░░░░░░░ and it you know ░░░░░░░░ equitable thing to do ░░░░░░░░ this debt isn t ░░░░░░░░ rich person problem right ░░░░░░░░ and his Trump s ░░░░░░░░ are not benefiting from ░░░░░░░░ cancellation They don t ░░░░░░░░ student debt Most of ░░░░░░░░ people who carry student ░░░░░░░░ are the poor and ░░░░░░░░ middle class.”