My 2023 Massey lectures and book, THE AGE OF INSECURITY, explore how seemingly disparate crises—rising inequality and declining mental health, the ecological emergency, and the threat of authoritarianism—originate from a social order built on insecurity.
I am so fucking disgusted right now
A bipartisan bill just passed in the senate that:
1) kills student debt relief & makes people pay interest cancelled due to the pandemic payment pause
2) reinstates public service loan forgiveness for 260,000 people (!!!)
assholes.
My reaction to today's long-awaited news.
This is a stepping stone, not the destination. A President who wanted to do NOTHING had to do something. Up to 20 million people could be debt free. Hopefully some of them will join the fight for everyone else.
Let’s. Keep. Going.
🧵
Teams get shit done, so I’m teaming up with Jared Golden and Mary Peltola to rebuild the Blue Dogs into something useful for working people. We know who we are, and we know how to win.
Congress needs more people like us, and a lot fewer weirdos with white nationalist friends.
Today I've been thinking of 2020 less as the year of unexpected shocks & catastrophes more as the year predictions came true. For decades concerned people have studied the likelihood of many bad things happening & proposed intelligent ways to prevent or mitigate them.
A thread:
Today the NYT editorial board came out against student debt cancellation.
They are so desperate for arguments opposing relief they cite Betsy DeVos twice.
It's so awful we annotated it. I advise you read our version. It has facts, sass and a moral core.
Once again, this is likely heading for a Biden veto.
Good! But we can't be complacent.
Because this is the kind of thing we can expect to see more of
1) Biden must use his full legal authority to deliver on his promise to cancel debt
2) Debtors need to keep getting organized
Are you someone who will benefit from the student loan relief announced today? If so, please fight for others who are still crushed by debt.
That's how we got this far. Folks staying to fight, even after their loans were erased. Because no one's free, until everyone is free.
FYI the movement for student debt relief actually began with students who pursued technical/vocational degrees, but you wouldn’t know that since you went to Reed.
Expansions of student debt forgiveness need to be matched dollar-for-dollar with investments in career & technical education. I can’t support the first without the other. The severe shortage of trades workers needs to be seen & treated as a national priority. It’s about respect.
#2
should read: it will reinstate more than 260,000 already cancelled student loans owed by educators, nurses, first responders, and other public service workers
Some very serious points about student debt:
1. Cancelling it is an economic stimulus
2. Biden can use executive authority to do so
3. Tons of poor people w/out college degrees have student debt
4. STUDENT DEBT SHOULDN'T %$@^! EXIST BECAUSE EDUCATION SHOULD BE A HUMAN RIGHT
Debt has long been a tool of profit-making, social control and racial domination. And that certainly goes for student loans.
Re-upping my animation YOUR DEBT IS SOMEONE ELSE'S ASSET which condenses thousands of years of history into 7 minutes.
Cancel it.
When Silicon Valley Bank crashed earlier this year, President Biden saved the bank and its financial investors within 72 hours. There was no political grandstanding over whether Section 13(3) of the Federal Reserve Act provided the authority to bail out venture capitalists.
That’s why we intend to keep fighting until all student debt is canceled and college is free. If Biden can cancel this much debt, he can cancel it all. And one day, a president will.
And yes, we are coming for medical debt, rent, and carceral debt too.
Gotta remind the idiots who think coronavirus is spread by immigrants and the poor that *80 percent* of people have never flown on a plane, not even once.
It was the world's comparatively affluent that helped this things jump across oceans in an instant, not the impoverished.
As someone who's been organizing for student debt abolition for almost a decade, it's sad to see fellow leftists mock
@AOC
’s recognition that this is a critical moment to mobilize around the issue.
She's right. It is.
If you want debt cancellation, it's time to act.
Thread.
Not fast enough.
The problem is speed. This plan buys time for more baseless, bad faith, billionaire-backed lawsuits to get lined up with rogue judges eager to block anything that helps working people.
Under HEA you can cancel debt immediately. That's what fighting looks like.
In the wake of today's Supreme Court decision on student loan relief, we need a new way forward. And we're moving as fast as we can.
Here's what's next:
I'm in
@nytopinion
arguing that the time has come to revive the spirit of jubilee. Student debt, medical debt, court debt, back rent, and more must go.
A "recovery" that only helps the wealthy is not acceptable. We need reconstruction & debt abolition.
Rudy Giuliani has filed for Chapter 11 bankruptcy, per a Thursday court filing.
The filing comes as he has been mired in debt stemming from multiple legal cases — most notably the $148 million he owes for defaming two Georgia election workers.
Since I see
#GeneralStrike
is trending I thought I'd share something I just read.
After more than 37,000 of baristas petitioned, Starbucks is temporarily closing its cafes w pay.
Victories are still possible but workers have to stand up for themselves.
I coined a new term: Technocratopian
A technocratic, elitist utopianism characterized by an aversion to universal social programs and an erroneous faith that arcane bureaucratic systems can accurately distinguish the “deserving” from “undeserving” in the allocation of benefits🧵
One of my recent text exchanges with David Graeber. I complimented his prose, which is always as pleasurable to read as it is illuminating. His response is classic David. Writing well--meaning accessibly, invitingly--is a political act.
To me, the real victory is the fact that millions of people now think 10 or 20k of cancellation is not enough. A HUGE difference from ten years ago. In the wise words of
@rsgexp
we have raised expectations. Now that is something to work with.
Did Ohio go blue? No. So shut up. Anti-Trump Rs didn't deliver voters bc they have no base; they deserve no say over what comes next. They've been repudiated at the ballot box & by common sense. Their deadly policies don't work, esp in a crisis, and will only strengthen Trumpism.
Italy is suspending all mortgage and many debt payments as coronavirus spreads. The US should do the same.
People who can't make ends meet in the coming economic downturn shouldn't feel bad or suffer quietly--they should organize and demand relief.
Work stoppage. Rent strikes. Debt strikes.
No more Nancy Pelosi symbolically tearing up a speech. Burn your student debt noticies. Burn your medical bills. Fight back.
@NemesisOfPower
ack - it will reinstate more than 260,000 already cancelled student loans owed by educators, nurses, first responders, and other public service workers.
Just learned Tara Reade went to high school in my hometown & knows family friends who've long heard & believed her story.
At bare minimum Dems should be running someone w a spotless record on this front. A certain candidate who has never sexually harassed anyone comes to mind.
Tara Reade, a former staffer in Joe Biden's Senate office, says he sexually assaulted her in 1993. "I actually tried to tell this story to some extent in 1993," she says. "But I was too afraid."
Make no mistake, this is a test flight. If they can make student debt cancellation illegal for some people, they will do it for others.
Student debtors and their allies need to stick together and stick up for each other. Contact the reps below.
Here’s our full-throated defense of outside agitators.
The presence of community members and experienced activists in campus protests is nothing to be ashamed of.
We need to connect with and learn from others to build a better world.
David didn't want us to owe him anything, he gave his gifts freely. Gifts of ideas, knowledge, optimism, and friendship. He wanted a world of boundless generosity, and that's how he lived. We've lost a comrade and a very special soul. Thank you David. Fuck you 2020.
In today’s dollars
@joebiden
paid $33,598 for 4 yrs of tuition/room&board at UofDE
Today it costs $30,922 a year or $123,688 for 4 years.
Today's students pay $90,090 MORE for the same degree.
Mass debt cancellation is about PARITY with his generation.
I can't help but think that "affect politics" might be a more useful frame than "identity politics" to understand 2020. All this incessant talk of anger, civility, decency—& the insistence that it's not what people say (or their policy proposals) but how they say it that matters.
You can now officially apply for student loan relief:
It is a beta launch of the application. You may have to refresh the page. Keep trying.
Take a screenshot of the confirmation at the end.
Then join the fight so for full cancellation & free college.
Don't panic. Student debt relief isn't dead. It's a stay not an injunction, hopefully we'll be back on track soon.
So keep applying:
And let this be a reminder. The folks who want to keep us in debt are organized. We we need to be too.
Join
@strikedebt
Totally outrageous non-answer from
@VP
-- she affirms there is a problem and a campaign promise was made, but ignores the fact this is a problem
@POTUS
can solve with a flick of a pen.
"What happened to the $10,000 promised? Why did they renege on that?"
Here's
@VP
's terrible non-answer on Biden's broken promise to
#CancelStudentDebt
. She says "I get the issue." If only she were in a position to do something about it!
"History will look back kindly on Sanders. The question is how generations to come will look back on the rest of us—the 'us' of the Sanders campaign’s rousing slogan. Let’s make the future proud."
Nothing like giving Colin "WMD" Powell a prime convention slot while claiming to be the party that opposes fake news and alternative facts. It's just embarrassing.
I’m giving this year’s Massey Lectures. Book drops Sept 5th, the day the Canada tour kicks off.
I was shocked and honored when they asked me to do it, weirdo that I am. I did my best to produce something that speaks to the intersecting crises of our time.
Whittling down the case for a jubilee—the cancellation of debts and rebalancing of power between regular people and elites—to 1000 words meant leaving out most of the history. The connection between debt and democracy is profound. Here's what got cut. 🧵
Here it is, folks. This is serious.
Do you have student debt? Any at all?
Then this dispute tool is for you.
Take 10-20 mins to submit it. You have nothing to lose but your odious and illegitimate student loans.
There has never been an organized effort to apply or ask the Department of Education to use its legal authority to cancel your student debt—until now.
Today, we're rolling our NEW Student Debt Release Tool:
FILL OUT HERE:
We don’t need him to do everything *humanly* possible to provide debt relief.
We need him to do everything *presidentially* possible — and what he announced ain’t that.
Did you know that the White House could have canceled the debt immediately and automatically, without requiring individual applications, and cut these lawsuits off at the pass?
Well, they didn't. Even though
@StrikeDebt
and others, including their own officials, warned them.
If you are one of the 40 million Americans who could benefit from up to $20,000 in student debt relief:
Did you know Republican officials are suing to prevent you from getting this relief?
As
@POTUS
would say: it's ridiculous.
A 🧵about the “outside agitator" trope, inspired by our book SOLIDARITY, which looks at why “outsiders” are so threatening & so vital.
Outside support matters to movements. Not everyone denounced as an outside agitator is an outsider. But outside agitators are good, actually.
I got to do a fun wide-ranging
@NewYorker
interview.
It covers everything from my new Massey Lectures book The Age of Insecurity, my unschooling childhood, updates from the Debt Collective (
@StrikeDebt
), and even my years on the road w Neutral Milk Hotel
Biden should have, and could have, done much more than cancel $10-20,000—he should have made the relief automatic, instead of imposing unnecessary hurdles. For millions of people these amounts don't touch their interest, and won’t reduce their monthly payments. That's unjust.
A reminder:
The case before the Supreme Court is not about the legality of student debt relief writ large.
It is about the specific legal tool
@POTUS
used to deliver relief. He has alternatives.
Regardless of how SCOTUS rules, the fate of debt cancellation is in Biden's hands.
Last year Navient spent $1.7 million lobbying to keep us in student debt of $1.7 trillion.
It earned $717 million in profits.
Abolish Navient.
Cancel student debt.
"We’ve lost a central member of a precious tribe: activist academics are a rare breed, and rarer still are ones as eccentric, ingenious, and committed as he was."
A remembrance of David, with more tributes to come, at the
@nybooks
.
We might sound like a broken record but it's worth repeating: Joe Biden's Education Secretary can UNILATERALLY cancel ALL student debt. It's almost as simple as her waiving a magic wand. Here's some of the legal explanation behind it.
Thread.
Host: If I was 23 I’d be all for debt cancellation. Are you for it?
@Braxtonbrew96
: I am.
And if I was 65 and having my social security garnished because I defaulted on my student loans I’d be for it too.
JUST NOW: We went on
@NewsNationNow
to make the case for canceling student debt 👇🏽
“This is politically popular, this is morally advantageous, and the macroeconomics are also on our side.”
Don't forget that the "immediate" cancellation of a "minimum" of $10,000 for everyone, without an income cap, was the baseline of
@POTUS
's student debt relief commitment. Anything less than relief for all borrowers means he's defaulting on a core campaign promise.
“With Extreme displeasure” – that’s how Betsy DeVos reluctantly approved loan discharges for 16,000 borrowers who were scammed & defrauded by for-profit schools.
Now think of how abjectly miserable she'll be when we make
@JoeBiden
cancel student debt for 45 million.
Action is key. Caught off guard, we're stuck with reaction, disoriented and scrambling. But if we can face the facts, and honestly assess the risks and possibilities ahead, we might be able to move forward with some clarity and, proactively, strategize and shift course.
A wise older radical friend once told me she thought that a lot of activists don't actually "burn out." They quit due to hurt feelings. Can't help but think about that as I look at this site. Debating is good, but try not to treat people—esp potential comrades—with contempt.
Student loan forgiveness sounds great for borrowers overburdened with high interest rate debts they cannot repay. The problem is that the subsidy appears to go principally to more affluent families at the cost of burdening those who didn’t attend college or whose parents saved to
Turning on student loan repayments is a “high priority for the administration.”
Why?
Optics. WH source said doing so affirms the narrative things are “back to normal.”
So cruel and stupid. We’re still in a pandemic.
@POTUS
made a promise to cancel student debt he must keep.
.
@PressSec
: "In the coming weeks, we will release more details about our plans. A smooth transition back into repayment is a high priority for the administration."
That has never happened before in history and it provides further proof that debtors have power when we come together and get organized.
Getting organized is key.
Soon we will have 5 far right Justices on the Court installed by Presidents who came to power after losing the popular vote.
A reminder that the threat of populism has been overblown. Worrying about the tyranny of the minority would've been and is a more appropriate response.
One of my personal favorite memories of Occupy Wall Street.
At the end of a long day, I asked Jeff to sing for the occupiers camping out. I found this moment, when people started singing along, so moving. “We know who our enemies are.”
Think of what we can do moving forward. After years of organizing, including multiple successful debt strikes, borrowers and their allies pushed a reluctant administration to deliver broad based student debt cancellation.
My statement on the latest White House news: “The current debt cancellation proposal being floated by the White House is frankly pathetic, failing to meet the bare minimum of President Biden’s campaign promises. 1/
I feel like I have entered the Matrix. To be harping on and working for something for so long -- when at the start people thought it was so pie in the sky -- to the president announcing it and then this.
This is such an important thing to openly discuss - bc we are all ultimately impoverished by a system where only affluent folks can afford to write books (or do journalism, make documentaries, or make art, etc).
The amount of broke I am right now in the midst of professional accolades is truly mind boggling. It’s hard to talk about without sounding like a dick but it’s real and it’s getting me down.
A reminder that a US president leaning into debt cancellation like this was unimaginable not that many years ago.
Do we need to keep pushing so actions match words? Yes.
Do we need to keep fighting to win not only debt relief but free college? Ofc.
Organizing is everything.
I said I wouldn't back down from using every tool at our disposal to get student loan borrowers the relief they need.
That's why today we're announcing new plans that, if implemented, would cancel student debt for millions more.
Appealing a Trump-appointed judge’s sabotage of student debt relief won’t cut it with the tens of millions of people counting on cancellation.
My latest on the fact that
@POTUS
has another legal tool at his disposal — and why he needs to use it.
A long-brewing essay about how student loan cancellation became an issue, the power of social movements, double standards for corporate debtors, the challenge of reckoning what we owe, and an attempt to pay tribute to my late, great friend David Graeber.
BREAKING: High school students from across Boston walk out of class to join the MIT student encampment in response to the increasing police repression.
Eleven high schools, including private high school Boston Latin, have walked out to stand with Gaza.
Cassandras sounded various alarms, and like Cassandra they were mostly ignored.
A pandemic in the form of a zoonotic illness that crosses the species barrier? Experts have warned of that for years and suggested lots of ways to avert them.
Fires, flooding, and storms? Anyone who has followed climate news was aware this was coming and the changes required. Millions of people one disaster away from homelessness, food insecurity, and more debt? We cannot say we had no idea this was the case.
The plot thickens. That memo Biden keeps saying he's waiting on to see if he can keep his promise of canceling student debt? We FOIAd it. It has existed since April.
@NewYorker
's
@andrewmarantz
tells the story of how we got here and the high stakes.
New data: at least 40% of federal student loan borrowers refused to make their student debt payment in October.
Instead they chose to pay rent, eat, see a doctor, buy gas - to live.
You don't wanna miss tomorrow's Cancel Student Debt Town Hall with
@BernieSanders
and
@StrikeDebt
.
Tune in to learn about the state of the movement and why cancellation would be a HUGE win for working people.
Watch here, 8:30 PM:
Like may of you, I imagine, I find myself disoriented and feeling like I can't get a grip on the stream of awful events. I write this because I'm just wondering if something shifts if we comprehend the chaos befalling us as both predicted and preventable, instead of unexpected.
This isn't abt sympathy it's about solidarity. Cancelling all student debt would help 45 million people, benefit us all & point in the direction of education being a public good. If u truly care abt the well-off benefiting from policy there are far more pressing areas to focus on
"Increased insecurity makes workers more fearful of unemployment, more desirous of pleasing their employers through improved performance and higher effort and less apt to quit." –Janet Yellen
@astradisastra
comments on
@thenation
podcast
@StrikeDebt
Promoting the con that affluent people's security depends on locking up and punishing poor people instead of working to make a society where people aren't poor and can get the care they need is the real crime.
I want to say this clearly: if Democrats try to be a "law and order" party, they will lose. Fascists will always do "law and order" better. The only path to Democrats getting power is to be the party that addresses the root causes of violence by giving people what they need.
Bullshit. And I'm pretty sure I personally know which rich donors are persuading her to say this. Abominable. And just totally wrong, legally and morally.
>>
@SpeakerPelosi
says Biden does *not* have the power to cancel student loan debt -- as some Democrats, led by
@SenSchumer
, are urging him to do.
"That has to be an act of Congress," Pelosi says.
"When you are scammed by a friend, it is a shame. When your country scams you, it is a fraud.”
The brilliant
@tressiemcphd
on why
@POTUS
must cancel student debt.
And on why
@strikedebt
is stepping in to abolish unjust debt for students in then interim.
We can’t repeat the mistakes of 2008. This time around we need a “people’s bailout” that includes a far-reaching program of debt cancellation to help those who are not just physically vulnerable but financially precarious better weather the coming storm.
The Supreme Court is planning to decide the case to kill student debt cancelation without looking at the evidence.
There has been NO DISCOVERY or FACT FINDING
These justices take bribes & don't even do their homework.
But we fact-found. And what we found demolishes the case.
NEW: The lawsuit against student debt relief claimed student loan servicer MOHELA would lose financial revenue and harm the state of Missouri.
We FOIA'd MOHELA's financial documents and this is simply false. After cancelation, MOHELA will earn *more* revenue than ever before.
I know this is just bad faith concern trolling but I’m going to respond earnestly.
Empty snark might be all that’s needed to help protect the corrupt status quo, but building the power to transform the political economy of higher education will take way more than that.
🧵
What is the plan for the day after universal debt cancellation when masters programs raise tuition and tell prospective students not to worry about it because the debt will be cancelled down the road?
A hollowed out, archaic, increasingly unresponsive and oligarchic political system? Same. The fact an elderly and beloved Supreme Court justice might pass away under a Republican-controlled administration? Many respected legal minds brought up this sensitive subject too.
A lot of Dem Party insiders crowing today are showing they would rather see a realignment with "resistance" Republicans than a rising, diverse, youthful, and class conscious progressive majority. A baleful strategy, and also not one I think can hold long term.
“Many of Mr. Biden’s college-educated, suburban supporters are right-leaning independents or moderate Republicans...They don’t want to re-elect Donald Trump. And they’re willing to cross over to vote for a Democrat — a moderate and mainstream Democrat.”
Speaker Nancy Pelosi and her top lieutenants had a stark warning for Democrats today: swing too far left and they’re all but certain to blow their chances in the Georgia runoff that will determine which party controls the Senate
“The 5/4 decision is a reminder that had RBG stepped down, there would likely have been a different outcome. Her lionization obscured the harm she committed...Sadly, 83-year-old Stephen Breyer appears set to make the same mistake. For the good of democracy, Breyer must retire.”
Opinion | The Texas anti-abortion decision is the result of a decades-long plan by the right to take over the courts. It's time liberals start treating the Supreme Court as what it is: a warped, anti-democratic institution. By
@astradisastra
Contrary to leftists being clueless or counterproductive as this thread implies, leftists pushing Biden is WHY there is a Plan B (and why there was a Plan A) and why any progress has been made on this front.
It gets barely any media coverage, but after SCOTUS shot down Biden's Plan A on student debt relief, his Department of Education immediately pivoted to a Plan B that has wiped out truly massive amounts of debt and just keeps on trucking along. It's an extraordinary achievement.
Debtors getting angry, hopeful, and organized is what put student debt cancellation on the political map. We've won billions of dollars of relief so far, and we're just getting started.
The Supreme Court can strike this iteration of relief down, but it won't have the last word.