Democrat Biden tacks left, backs Warren bankruptcy plan with student loan relief

[Eugene]

Source: Reuters

POLITICS MARCH 14, 2020 / 4:59 PM / UPDATED 2 HOURS AGO

Democrat Biden tacks left, backs Warren bankruptcy plan with student loan relief

Trevor Hunnicutt, Sharon Bernstein
3 MIN READ

(Reuters) - Democratic presidential hopeful Joe Biden has endorsed former rival Elizabeth Warren’s plan to reform consumer bankruptcy laws including allowing relief of student loan debt, incorporating proposals by the party’s progressive wing into the moderate frontrunner’s campaign.

“I’ve endorsed Elizabeth Warren’s bankruptcy proposal, which ... allows for student debt to be relieved in bankruptcy and provides for a whole range of other issues,” Biden said in a digital town hall in Illinois on Friday.

Warren, a U.S. Senator from Massachusetts, suspended her campaign March 5 after a poor showing in primaries that week. That left the more centrist Biden and Vermont Senator Bernie Sanders, a democratic socialist, in the contest for the Democratic nomination to run against Republican President Donald Trump in November.

Biden’s decision to endorse Warren’s bankruptcy plan is significant, showing she and Sanders have moved the party’s policy discussions to the left. It also would reverse portions of a strict bankruptcy law that Biden himself championed when he was a senator.

-snip-

Read more: https://www.reuters.com/article/us-usa-election-bankruptcy/democrat-biden-tacks-left-backs-warren-bankruptcy-plan-with-student-loan-relief-idUSKBN21115J

[George II]

1. I smell a Warren endorsement very soon.

[jorgevlorgan]

2. does he want to beat trump? because more of this is how you beat trump.

Go Joe!!

[Cha]

4. We All Want trump GONE

[jorgevlorgan]

6. hell yeah

And at this rate the eviction will be occurring at a rapid pace!

[HeartachesNhangovers]

3. Two things:

1) The fact that student loans can't currently be discharged in bankruptcy means that anyone can get a student loan. The unintended consequence of making student loans subject to bankruptcy rules means that lenders are going to start to apply normal lending rules - which means no loans for students who don't have parents or other co-signers with assets.

2) Joe Biden has had a resurgence by not alarming or annoying the centrists and moderates, not by appealing to the extreme left. He needs to understand that and continue to distance himself from the proposals of Warren and Sanders, not to embrace them.

[Hoyt]

5. The bankruptcy relief for student debt is a no brainer. Glad to hear it.

Those hat truly can’t pay, even with modifications, should be relieved of that debt.

[CentralMass]

7. That is like trying to put out the fire 15 years after you started it.

[showblue22]

8. This just proves that some Bernie supporters will never be happy.

Biden backed Warrens plans because he believes in them and he no longer represents Delaware.

[tirebiter]

11. Do you want to stay in the lifeboat or feel like swimming?

Start rowing. Biden's got the rudder.

[McKim]

10. Go Joe and Keep it UP!!!

Go Joe, and keep it up! Move left and heal the party. I want to get behind the winner!!!! Let’s get together!!!! And let’s beat Trump!

[FM123]

12. I like this!

Biden’s decision to endorse Warren’s bankruptcy plan is significant, showing she and Sanders have moved the party’s policy discussions to the left. It also would reverse portions of a strict bankruptcy law that Biden himself championed when he was a senator.

[tirebiter]

13. This is not pandering by Joe in an effort to get Warren voters

This is reward for them having come over already.

Take note of both parts Bernie Bros