The Democrats’ "Occupy" guru has an interest-free student loan

Elizabeth Warren

From Human Events - by John Hayward - The ideological guru of the “Occupy” movement is Democrat Senate candidate Elizabeth Warren of Massachusetts, a leftist hard enough to cut glass with her ideology. Her big contribution to the “income inequality” debate was arguing, in a famous viral video, that since no one can prosper without using public resources, the State rightfully owns all wealth and property. Rich people benefitted disproportionately from those public resources, so there is no morally defensible upper limit to what the State can decide to take from them. It was soon discovered that Warren is yet another liberal blowhard who doesn’t “walk the walk,” Warren is stumping for President Obama’s new “student loan initiative,” in which a self-destructing bill written and passed by Democrats in 2007 – without the vote of Senator Barack Obama, who didn’t bother to show up when it was being voted on – would be extended to keep student loans at an artificially low rate of 3.4 percent. Right on cue, Warren’s opponent, incumbent Republican Senator Scott Brown, noticed that Warren herself has an interest-free student loan from Harvard. As reported in the Boston Herald: Warren disclosed the 20-year interest free loan from Harvard, which lent her between $15,000 and $50,000 in 1996, in financial disclosure forms filed with the Senate last September. “Let me get this straight: struggling students and families pay more, so multi-millionaire Warren can pay nothing? This sweetheart deal adds insult to injury for the students whose high tuition costs have already made Warren a wealthy one-percenter, and reveals yet again Professor Warren’s hypocritical idea of fairness,” wrote Brown’s campaign manager Jim Barnett. Read column

The Democrats’ "Occupy" guru has an interest-free student loan