When they proposed last week that the next president knock $50,000 off all student loan borrowers’ debts, Senate Democratic leader Chuck Schumer and Senator Elizabeth Warren pitched the idea as a political winner for Democrats. A recent poll by a progressive think tank shows that “forgiving student debt is extraordinarily popular with voters and that it enjoys broad, bipartisan support,” Schumer, of New York, and Warren, of Massachusetts, wrote in a post on the site of the group Data...

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