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The PJ Tatler

by
Bridget Johnson

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April 23, 2014 - 7:29 am

Sen. Elizabeth Warren (D-Mass.), a potential dark horse challenger to Hillary Clinton in 2016, writes in her new book, A Fighting Chance, that the political system is “rigged to work for those who have money and power” in Washington.

“Big corporations, hire armies of lobbyists to get billion dollar loopholes into the tax system and persuade their friends in Congress to support laws that keep the playing field tilted in their favor,” she writes.

On MSNBC last night, she argued that America was able to “build a strong and robust middle class, really basically from the Great Depression until about the 1980s.”

“And then you hit the 1980s. And instead it starts to shift. The Republicans say, you know, what we really have to do is we’ve got to open up a bunch of tax loopholes and the way we’re going to pay for that is we’re going to cut back on what we spend on educating our kids. We’re going to cut back on funding basic infrastructure, those roads and bridges and power grids that let businesses get started and move forward. We’re going to cut back on funding basic research in this country, that great pipeline of ideas that had built so much innovation and creation,” Warren said.

“…So, what happens? The American government says we’re going to lend you the money to go to college, but they don’t actually spell out what’s going to happen next. You’re going to pay back the cost of the funds. You’re going to pay back the bad debts, covering that, the administrative costs.”

The senator said the student loan system is set up “so that the United States government can make tens of billions of dollars in profits off the backs of our kids. That is obscene.”

Warren said she wants to pay down student loan debt by passing the Buffett Rule. “The United States government can invest, it can invest in billionaires by saying keep those big tax loopholes. Or it can invest in people who are frying trying to get an education,” she added.

Student loan legislation was her first bill since coming to the Senate, but she said she’ll introduce a tweaked version next time around to try to make it more palatable and increase its chance of passage — at least in the upper chamber.

Bridget Johnson is a veteran journalist whose news articles and opinion columns have run in dozens of news outlets across the globe. Bridget first came to Washington to be online editor at The Hill, where she wrote The World from The Hill column on foreign policy. Previously she was an opinion writer and editorial board member at the Rocky Mountain News and nation/world news columnist at the Los Angeles Daily News. She is an NPR contributor and has contributed to USA Today, The Wall Street Journal, National Review Online, Politico and more, and has myriad television and radio credits as a commentator. Bridget is Washington Editor for PJ Media.

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Top Rated Comments   
Bridget, is your use of the phrase, "dark horse," simply a dog whistle to excite rightists who racially oppose Warren because of her deep, dark Indian skin?
34 weeks ago
34 weeks ago Link To Comment
No, she really loves Biden.. Honest injun!
34 weeks ago
34 weeks ago Link To Comment
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All Comments   (28)
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34 weeks ago
34 weeks ago Link To Comment
Interesting that the era Warren cites as being the most robust, the late 1930s up until 1980, was also when immigration, legal and otherwise, was manageable, thus permitting the unionization and wage stability that liberals wax nostalgic about.
34 weeks ago
34 weeks ago Link To Comment
And she doesn't wonder why there are loopholes and lobbyists? Maybe a simpler tax system not vulnerable to special interest rigging would help? Maybe demanding the Federal government operate with a balanced budget would help? Maybe reducing the size of government would clean things up a bit? She sounds like just another low functioning pol.
34 weeks ago
34 weeks ago Link To Comment
Actually, Reagan closed a lot of the corporate tax loopholes. Perhaps she want them back, favoring her special interests?

I would like to see Hollywood multi-millionaires pay more taxes. Get rid of their loopholes, and reform the dodge that lets them incorporate themselves and deduct their expenses.
34 weeks ago
34 weeks ago Link To Comment
I guess she was wealthy enough not to have to deal with runaway inflation, unemployment, and high taxes. And, I suppose, like Obama and Ron Paul, she thinks the US is the bad guy in the world, so a weak US with terrible morale in the military is great. And, of course, the enslavement of half the world under Communism was just peachy.
34 weeks ago
34 weeks ago Link To Comment
She's just one of a handful of kook Leftists being kicked around by the Party to possibly run in 2016, simply for the function of making Hillary look moderate.
34 weeks ago
34 weeks ago Link To Comment
Bingo.
34 weeks ago
34 weeks ago Link To Comment
"Dark horse challenger to Hillary?"

Nutty challenger to Hillary, Barack took his infamous and stupid "you didn't build that" from the lying 1/32 (not) Cherokee.

You look at the alleged 2016 democrat field, the women, the prevaricators and dissemblers, nutty Joe (so happy the Ukrainians made him feel "relevant" again this week) ...in a sane world, there wouldn't even be a contest between the republican and democrat fields.
34 weeks ago
34 weeks ago Link To Comment
I wonder what 1970s Lizzy Warren lived through? Obviously not the one the rest of us were in, with rampant inflation; America in retreat because of Vietnam, and the Soviet Union expanding its reach and influence throughout SE Asia, Central America, the ME and Africa; S&Ls being driven out of business; savings interest rates as high as 10% and mortgage rates as high as 21%; and decent full-time jobs being harder and harder to come by. And most of this taking place while the Democrats ran the Legislative, and then the Executive through most of the decade.

Like the rest of her ilk, she can only win by shading the truth and, when that doesn't work, outright lies.
34 weeks ago
34 weeks ago Link To Comment
Y'know, I want to like Warren, she has a strong populist streak (that I usually like) that has mostly gone missing from both parties.

But then she goes on about her cheekbones, and then she goes on about banks pushing bad loans on innocent consumers. The banks are bad, bad, bad, but the one thing they never did is force anyone to take a loan.

So, she ends up the left's answer to Pat Buchanan - a bit of a romantic populist, in a bent and unusable form.
34 weeks ago
34 weeks ago Link To Comment
If she'd change her name to Sacajawea Massachusetts. she'd get the votes of all Mashpees. She might even win Massachusetts if she runs. She will not ever win any other state.
34 weeks ago
34 weeks ago Link To Comment
In a just world a poseur like Warren would carry the Monback, Hodedo and Fugawi tribes only!
34 weeks ago
34 weeks ago Link To Comment
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