The issue is that it could have been more, it could have, it could have been more.
And I would love an answer to the question of why, wasn't it?
If you can cancel this much, why didn't you cancel more and
why didn't you do it sooner?
You could have done it a year ago.
There's no new power that's been delegated to the president.
There was no like we had to wait so that we could get it to 10,000,
if we did it last year it will only be five or something.
And again, I know people, I see people are saying it's still not good enough, yeah.
No it's not.
It's literally not good enough, because what we're dealing with is a crisis.
If you have $10,000 in student loan debt and this wipes it out.
This is a great day for you.
If you have $40,000 in student loan debt and this takes it down, 10 or 20.
And also reduces how much interest you pay over the next 10 to 20 years because
the principles have been cut then this is a pretty great day for you too.
If you have 50 or 60, yeah.
It doesn't really seem to matter that much.
You're still gonna be paying for the next 30 years for the rest of your life.
And so, this is not just some sort of needless purity test.
We can measure the inadequacy in the actual financial impact on millions and
millions of people and we can celebrate the good that it does at the same time.
Why do we have to choose one of those two things, because it feels good,
because it seems pure, it's not realistic.
There can be multiple things at the same time.
Some that are good, some that are bad to understand reality.
You need to be able to hold both of those things in your mind at the same time.
>> That's not politics.
I had a roller, what's wrong with you bro?
The other part about this whole thing is when it comes to school in general because
you talk about 50 $60,000 of debt bro.
I know folks that are clean around $200,000 worth of student loan debt
because undergrad, master's, graduate school, law school, whatever, right?
And these types of things, so and yeah you're like all these guys must make so
much money.
No, no not really.
>> Yeah.
>> Cuz this again.
And in order to even have the type of opportunity, you're 18 years old,
you come out of high school, your counselors at your school are telling you.
Hey, you got this school, you got that school and that's through the fourth and
the fifth school like that.
Here's some scholarship opportunities,
here's some loan opportunities to take care of the back end of it.
And then once these every year,
the amount of cost to go to school increases significantly like this.
And the whole time you're going, well I'm gonna get a good job,
it's okay because I'm going to this university.
They said, it's gonna take me right into it as soon as it happens, I've got a good
job, but we don't follow up on the professional end with these good jobs.
We keep giving money, these folks who are providing good jobs and they can keep
saying, if you give us more of these relief, these corporations and CEOs.
And rich folks, if you keep giving us these breaks promise,
we're gonna finally do something.
And then they don't, they trickle 5 to 10 cents at you and
then they say, isn't that good enough for you.
No, it's not even on each end to come and
balancing in the economic outfall, the fallout from this, yeah.
If people are building up all this debt in order to get good enough jobs and
then pay it off and maybe have a roof over their head.
And the back end doesn't fulfill that part of the promise,
they're left in the middle and now they're the bad guys.
This is the situation. >> Yeah.
We find ourselves and
I'm gonna say these lazy people didn't get themselves in the right situation.
Don't take out loans or I mean don't go to school and then be called a loser.
And someone who's not allowed to get into the workforce to a significant level that
they can better their lives, get out of here with that,
we know how the system works.
>> They didn't take out a loan on a Ferrari,
like the debt never should have been there.
It shouldn't have cost what it did.
The students didn't make it cost that much.
And the students were told by literally everyone placed in a position of authority
over them in their entire lives.
You better go to college, you better get a degree, you better be responsible.
Hell, the hosts on Fox had been telling them that their entire lives,
stop being dead bit, stop being, you know, all this stuff.
Take your life seriously buckle down,
all that stuff right up until they have the debt and then screw you.
Honestly, you why'd you do it?
You shouldn't have gotten, it was a waste of money.
You never should have gotten it anyway.
It shouldn't have been there in the first place.
And in terms of actual structure of it, If you take out $10,000 and
the payment plan results in you paying $30,000 or 20 years later,
you owe more than you started with, which many people have experienced.
Let me ask you a question.
Why is that legal?
Why is there no cap on how much total interest alone of X value can produce?
Now you might just say, well, of course it's legal.
No, no, no, of course it's legal because the people who give out loans have way
more influence over the government than the people who desperately need the loans.
That's the only other reason.
There's no philosophical or moral reason for that.
They've set up a system that allows them to bleed us dry.
They grind our bones and slurp our marrow.
That's what they do.
It could change.
We could have a cap.
They could still be very incentivized to provide these loans.
They will make a certain amount of very generous amount and
they don't have to do anything in the meantime.
It's literally just money sitting in a bank account.
It could be that way.
It's not, because they have influence, they have the money to buy politicians.
That's the true investment that they've done.
It's not the loans.
It's not the interest rate.
It's joe mansion.
It's Kyrsten Sinema.
It's Joe Biden by the way.
And anyway, anyone who's like mad at us for not being excited about this.
Like why are you mad at me?
I'm just an advocate.
Like what your man, were more mad at me than at Joe Biden.
Who could have made it 15 or 12 or 10,700.
It would have just, he could have slipped his like slipped his finger like with
a pen, just at the last second.
Like oops, 11, I did 11 by accident.
I can't do that.
I don't have any power.
>> Any ways. >> Don't be mad at me.
>> Yeah, but you know what, the whatever frustration is.
As far as too much complaining.
I even understand your point of view.
The point is, why not more?
We don't even put enough value on ourselves cuz we've been told so much,
I'm talking about.
Just regular folks who aren't the multimillionaires and
leaders of corporations in the country,
we don't put enough value on ourselves because we've been told so many times.
You don't deserve it until you're half dead.
>> Yeah.
Or if you've done some corruption or
join the same party of folks that do this type of stuff.
>> Yeah, anyway, look, some people are saying in the chat,
I've tried to to confirm, I haven't able to found it yet that supposedly
that stipulation that it wouldn't be taxable income was added by AOC.
I haven't found that yet.
If that is true, that's awesome.
I can certainly buy it.
She's an advocate for complete elimination.
So, but I haven't confirmed that, we'll try to find out.
And the people are saying that like we're depressing voter turnout.
I just, I would ask you to extend the olive branch of understanding that we
get attacked constantly for being too pro Biden.
Do you get that, simultaneously?
We get stabbed in the front for not being supportive enough and
stabbed in the back for being sheepdogs for them, simultaneously.
Could you guys at least talk before you thrust the dagger in and decide what,
just choose one direction.
Okay, we're just trying to be realistic.
>> Am sorry.
>> It's great.
This is good news.
The Ira was good.
It's far better than what you would have gotten with Trump, which is why we
actively encouraged people for months and months and months to not support Trump.
But, it could be better and it's not my job to do PR for
politicians, it's my job to advocate for working americans.
And so that's what I'm gonna continue to do.
That makes me seem unrealistic or like I apologize, but that's my job.
>> For voter suppression.
I'm sorry we're going on this a bit long.
But for voter suppression line I get even people's worry about that.
But then again,
I don't, we were talking about how the Roe versus Wade got overturned.
We have housing crisis, but no one can buy a damn house in the country anymore.
We've got wage issues, we've got people busting up unions.
We've got a president and an entire party that's advocating for a white
nationalist and domestic terrorists to go kill people because of who they are.
And the one thing about saying, hey,
this is enough on student loan that will suppress the vote.
That means you no longer care about the overturning of Roe versus Wade,
that means you no longer care about the housing issue and the wage issue.
So I don't, I just don't buy it.
I think it's what politicians tell us.
And then it makes us afraid, it's a good line, hey, hey, it could be so much worse.
That's true.
But that means suddenly we abandon everything else that these other folks
are doing and they want to do and
that they're, they're implementing from the minority position already right now.
Republicans are still controlling, are still controlling a lot of our
agenda from the spot of being in the minority bro.
>> Yeah. And
now we're worried about suppressing the vote.
Can I again?
Like I get the fear.
I understand the fear, I'm sorry, John I understand the fear, but just think for
a couple more minutes about it and realize there's many things that you could,
you're voting on to change things.
>> Yeah, and look, we should be understanding.
We never know when someone comes in and
comments how long they've been watching whatever.
Maybe they don't know that.
Like do you think that I haven't been sufficiently anti Trump?
Come on, come on.
Do you think that I haven't been over the last six years, I would argue.
I've been pretty opposed to Donald Trump and the republicans and
I will add one final little thing.
This is to to anyone who absolutely loves Biden and this is the best day ever.
First of all, we're on largely the same side.
This sets a nice precedent,
because if one president can cancel $10,000.
The next one should have a much easier path to canceling another 10 or 20 or
50 or whatever because now it's the thing that presidents do.
So there, that is another little added good thing I suppose.
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