THIS IS "THE FIVE."
♪ ♪
WHILE HE FINALLY DID IT COME UP
PRESIDENT BIDEN GIVING THE
HANDOUT OF THE CENTURY,
CANCELING $10,000 WORTH OF
STUDENT DEBT FOR THOSE MAKING
LESS THAN $125,000 PER YEAR AND
ERASING UP TO $20,000 FOR SOME
LOW INCOME BORROWERS.
IT’S NOT FREE MONEY.
THE ENTIRE PLAN IS COMING WITH A
PRICE TAG OF $300 BILLION AND
THAT THAT’S A LOW ESTIMATE.
TAXPAYERS LIKE YOU AND ME WILL
FIT THE BILL.
HERE IS THE PRESIDENT.
>> I BELIEVE MY PLAN IS
RESPONSIBLE AND FAIR.
I FIND IT INTERESTING HOW SOME
OF MY REPUBLICAN FRIENDS WHO
VOTED FOR THOSE TAX CUTS AND
OTHERS THINK WE SHOULDN’T BE
HELPING THESE FOLKS.
THE OUTRAGE OVER HELPING WORKING
PEOPLE WITH STUDENT LOANS IS
SIMPLY WRONG TO.
>> IT’S UNFAIR TO PEOPLE WHO
PAID THE STUDENT LOADS OR CHOSE NOT TO TAKE OUT LOANS?
NOT TO TAKE OUT LOANS?
>> IS IT FAIR TO PEOPLE WHO DO
NOT OWN MULTI-MILLION-DOLLAR
BUSINESS IS SEEING THESE GUYS
GET TAX CUTS?
IS THAT FAIR?
>> WHAT BOAT PEOPLE WHO STRUGGLE
TO PAY THEIR LOANS AND NO OTHERS
DON’T HAVE TO?
>> THE COSTLY CANCELLATION OF
DEBT SURE TO UNLEASH A
TIDAL WAVE OF ANGER FROM
AMERICANS WHO ALREADY PAID OFF
THEIR LOANS AND THOSE WHO NEVER
WENT TO COLLEGE IN THE FIRST
PLACE.
SENATOR ELIZABETH WARREN CLAIMS
THIS WILL HELP EVERYONE.
>> BECAUSE OF STUDENT LOAN DEBT
THERE ARE MANY PEOPLE WHO DO NOT
MOVE OUT OF THEIR MOM’S BASEMENT
AND CANNOT SAVE MOP MONEY FOR --
WHO DO NOT START A SMALL
BUSINESS OR DID NOT START A
FAMILY.
YOU DO RELIEVE THE DEBT BURDEN
OF SOME OF THOSE PEOPLE AND WE
HAVE MORE ECONOMIC ACTIVITY.
IN OTHER WORDS, CANCELING
STUDENT LOAN DEBT IS GOD FOR THE
PEOPLE WHOSE DEBT IS CANCELED,
BUT IT IS ALSO GOOD FOR OUR
ECONOMY AND THE REST OF AMERICA.
>> PETER DOOCY BLUNTLY ASKING
THE WHITE HOUSE THIS QUESTION
THIS QUESTION.
>> THE PEOPLE THAT ALREADY PAID
THEIR STUDENT LOANS, THEY DON’T
GET ANYTHING OUT OF THIS DEAL.
>> OTHER DEMOCRATS ARE NOT SO
SURE ABOUT THIS PLAN.
OBAMA FORMER ECONOMIC ADVISOR
SAYING POURING ROSS FULLY HALF A
TRILLION DOLLARS OF GASOLINE ON
THE INFLATIONARY FIRE WHILE IT’S
ALREADY BURNING IS RECKLESS.
DOING IT WHILE GOING BEYOND ONE
CAMPAIGN PROMISE AND BREAKING
ANOTHER, IS EVEN WORSE.
I DON’T KNOW IF WE COULD BE
ANYMORE SURPRISED OR SHOCKED,
EXCEPT WE KIND OF SAW THIS WAS
COMING BECAUSE THE PRESIDENT HAS
BEEN KICKING THIS CANDY ON THE
ROAD FOR SEVERAL MONTHS.
NOT ONLY THAT BUT THEY SAY IF
YOU HAVE A STUDENT LOAN YOUR
STOMACH AND HAVE TO PAY FOR IT
UNTIL THE END OF THE YEAR THAT’S
BECAUSE OF A COVID EMERGENCY.
>> I WANT TO CONGRATULATE ALL
THE RICH WHITES WITH GRADUATE
DEGREES WERE LIVING ON THE COAST
MAKING SIX FIGURES.
YOU ARE THE FORGOTTEN MEN AND
WOMEN OF THIS COUNTRY AND YOU
FINALLY KNOW HAVE A PRESIDENT
WHO FEELS YOUR PAIN.
SPENDING MOST OF YOUR 20s IN
SCHOOL, NOW FINALLY MAKING CLOSE
TO $125,000.
MAN, I MEAN WHAT WOULD THEY DO
WITHOUT JOE BIDEN?
LIZ WARREN’S POINT, IF THIS IS A
HISTORIC ECONOMY THAT WE HAVE
NEVER SEEN BEFORE WHY ARE PEOPLE
EVEN LIVING IN THE BASEMENT
SADDLED WITH STUDENT DAD WHO
CANNOT START A BUSINESS?
IT DOESN’T MAKE ANY SENSE.
YOU CANNOT RAID THE TREASURY AND
THEN CUT CHECKS TO YOUR FAVORITE
VOTERS.
WHERE DID BIDEN GIVE THE POWER
IS THE PRESIDENT TO SPEND HALF A
TRILLION DOLLARS?
THAT’S CONGRESS’ JOB.
HE CANNOT STEAL NANCY’S PURSE
AND THEN TO START BRIBING PEOPLE
BEFORE AN ELECTION.
THAT’S AN ABUSE OF POWER AND
IT’S UNCONSTITUTIONAL.
NANCY EVEN SAID IT WAS
UNCONSTITUTIONAL.
THIS IS REVERSE CLASS WARFARE.
I DON’T KNOW IT’S LIKE YOU ROB
THE POOR TO PAY THE RICH.
YOU’RE GOING TO GET A PLUMBER’S
FAMILY TO PAY OFF THE LOAN OF A
GRADUATE SCHOOL FAMILY THAT’S
MAKING A QUARTER MILLION DOLLARS
A YEAR?
WHY SHOULD I HAVE TO PAY OR
ANYBODY HAVE TO PAY FOR MY
NEIGHBORS GRADUATE DEGREE?
YOU LOOK ACROSS THE STREET, YOU
SEE YOUR NEIGHBOR’S DAUGHTER,
SHE JUST BACKED INTO YOUR
MAILBOX, SHE’S ALWAYS BEEN AN
IDIOT AND NOW YOU HAVE TO PAY
FOR HER TO GET AN ADVANCED
DEGREE IN ESTONIAN POETRY?
IT DOESN’T MAKE ANY SENSE AT
ALL.
YOU THINK THE DEMOCRATS ARE
GOING TO STOP AT TEN GRAND?
NEXT TIME I CRIED IS GOING TO GO
25, NEXT IS GOING TO GO 50.
IT’S NEVER GOING TO STOP.
PEOPLE ARE GOING TO KEEP
BORROWING AND KEEP GOING INTO
THE SCHOOLS BECAUSE THAT’S WHAT
THIS IS ABOUT.
IT’S ABOUT HOOKING MORE STUDENTS
INTO THESE UNIVERSITIES WHERE
THEY GET INDOCTRINATED BY THE
LEFT.
THAT’S WHAT THIS IS ALL ABOUT.
THIS IS A LOT DIFFERENT THAN TAX
CUTS.
EVERYBODY GETS A TAX CUT.
EVERYBODY THAT PAYS TAXES GET
THE TAX CUT WITH THE TEXAS GET
CUT.
IT’S NOT LIKE DONALD TRUMP CUT
TAXES FOR MALES IN THE SWING
STATES OF OHIO AND FLORIDA AND
NORTH CAROLINA THREE MONTHS
BEFORE THE MIDTERMS.
HE’S NOT TRANSFERRING --
>> THE OTHER THING THAT KILLS ME
IS JUST LAST WEEK THE PRESIDENT
FIND THE INFLATION REDUCTION ACT
WHERE THEY SAID THEY WOULD BE
ALL OF THE STUFF AT THAT SAVING.
WITH THIS ON THE LOW END IT
WIPES OUT ALL OF THE DEFICIT
SAVINGS THEY HAD THERE.
TOM COTTON COTTONED ON TO THIS.
>> OF ALL THE DUMB THINGS
JOE BIDEN HAS DONE THIS MAY BE
THE DUMBEST YET.
I NOTE STIFF COMPETITION BUT
JUST THINK ABOUT HOW UNFAIR THIS
IS FOR ALL THE AMERICANS HARMED
BY THOSE WHO ARE NOW ON THE HOOK
FOR HUNDREDS OF BILLIONS OF
DOLLARS.
THESE ARE PEOPLE WHO TOOK OUT
LOANS AND DID SO WILLINGLY AND
FREELY, THEY NEED TO PAY OFF
THEIR LOANS JUST LIKE EVERY
OTHER AMERICANS.
>> JUDGE COME AS A
CONSTITUTIONAL?
I ASSUME THIS WILL END UP IN THE
COURT?
>> I DON’T THINK THERE’S ANY
QUESTION.
THE WHOLE IDEA, THE WHOLE CONCEPT -- LIKE THE INFLATION
CONCEPT -- LIKE THE INFLATION
REDUCTION ACT IS REDUCING OUR
DEBT AND THEREFORE THE REDUCTION
OF DEBT WILL PAY FOR THE
$300 BILLION, OR HALF A TRILLION
DOLLAR IN THAT.
THIS IS ABOUT THE FACT JOE BIDEN
WANTS TO GET REELECTION.
HE KNOWS 53% OF PEOPLE UNDER THE
AGE OF 35 DISAPPROVAL OF HIM HE
WANTS TO BUY THEIR VOTE.
THE WHOLE IDEA IS PART OF A
SYSTEM THAT SO CORRUPT IT’S
LITERALLY GOING UP IN LINE WITH
THE FEDERAL LOAN EXPANSIONS SO
THE UNIVERSITIES UNDERSTAND THE
MORE THESE PEOPLE GET FEDERAL
LOANS MORE WE CAN INCREASE THE
PRICE OF.
THIS IS A GOOD WAY TO A GROUP OF
PEOPLE THE PRESIDENT NEEDS TO
GET ELECTED BUT THE SAD PART IS
THERE IS NO TALK OF
RESPONSIBILITY, NO TALK ABOUT
CONTRACT LAW, THE FACT THAT YOU
WENT IN AND YOU SAID YOU WANTED
TO BORROW MONEY, YOU SIGNED ON
THE DOTTED LINE CAN WE LIVE IN
AN ECONOMY THAT YOU’RE BRAGGING
ABOUT THAT SO TERRIFIC THAT
THERE’S NO PROBLEM AND IF YOU
WANT TO DROP YOU CAN GET A JOB,
YET THEY ARE SAYING LOOK IF
YOU’RE FROM A HOUSEHOLD OF UP TO
$250,000 WILL GIVE YOU TEN OR
$20,000 THAT YOU IF YOU CANNOT
PAY BACK YOUR STUDENT LOANS.
WHAT ABOUT SENIOR CITIZENS?
WHAT ABOUT THE PEOPLE THAT REALLY NEED IT?
REALLY NEED IT?
THIS IS PART OF A SOCIAL ESTATE.
PUTTING THESE KIDS THROUGH
UNIVERSITIES, INDOCTRINATING
THEM, MAKING THE UNIVERSITIES
RICH.
MY HEART BLEEDS FOR THE
PEOPLE --.
I DIDN’T HAVE TO TAKE OUT LOANS
BECAUSE THEY PAID FOR THEM.
THEY WORK HARD FOR THEIR MONEY.
THIS IS A GIVEAWAY.
>> WHAT ABOUT THE PEOPLE WHO
WORK OVERNIGHTS THE PAY TO GO TO
SCHOOL.
THIS JUST IN OUR VERY OWN
PETER DOOCY WITH THE PRESS
BRIEFING.
>> HOW CAN THE COUNTRY AFFORD
SUCH A MASSIVE HANDOUT?
>> IF YOU LOOK AT WHAT WHAT THE
PRESIDENT HAS DONE AT THE END OF
THE FISCAL YEAR, $1.7 TRILLION
THAT WE HAVE DEDUCED BROUGHT
DOWN THE DEFICIT.
>> WHO IS PAYING FOR THIS?
>> THE WORK THIS ADMINISTRATION
HAS DONE, THE WORK THE DEMOCRATS
IN CONGRESS HAS DONE AS THEY
ARE.
>> WHEN YOU FORGIVE DEBT YOU’RE
NOT JUST DISAPPEARING BACK,
WHO’S PAYING?
>> WE LIFTED THE PAUSE, WE ARE
GOING TO LIFT THE PAUSE AT THE
END OF THIS YEAR WHICH IS GOING
TO MATTER, IT’S GOING TO OFFSET
A LOT OF WHAT WE ARE DOING AS
WELL.
>> DON’T ASK DON’T TELL.
SHE’S NOT GOING TO GIVE ANSWERS.
I’M CONSTANTLY REFERRING TO THEM
AS THE PRESIDENT CHIEF ENABLER
BECAUSE THIS IS WHAT ENABLER
DOES.
WHAT DOES HE DO?
IF THERE WAS MONEY ON EVERYTHING.
HOW DO YOU APPEASE THOSE PHOTOS?
WITH RECYCLING.
GOT A NEW DEAL THEY TALK ABOUT
ALL OF THE GREAT THINGS THEY’RE GOING TO DO.
GOING TO DO.
YOU CAN BE SAVING SO MUCH MONEY
BUT I’M WITH THE SCUM THEN YOU
READ THE FINE PRINT.
THE STUFF OF THE PEOPLE THAT HE
CARES ABOUT AND IT’S TAKEN CARE
OF, THEIR STUFF COMES IN REALLY
QUICK.
I’M BLESSED WHERE I CAN AFFORD
THESE SAY ENZYME PRICES BUT YOU
WILL NOT SEE THAT CHANGE IN
PRICE SINCE 2026.
THAT’S NO RELIEF IN SIGHT COME
ABOUT WHAT YOU CALL GASLIGHTING
AND LOOPHOLES.
THEY PLAYED ON THE AMERICAN
PEOPLE’S FEELINGS THAT’S GOING
TO HELP HOMES.
IN 2026.
THE 60% OF JESSE’S FAVORITE
PEOPLE, THEY’RE GOING TO GET
THERE IS RIGHT AWAY.
THAT’S WHAT YOU HAVE.
>> LISA BIDEN’S CANCELLATION OF
DEBT WAS A GREAT IDEA.
>> I DIDN’T USE THAT LANGUAGE.
>> GIVE US YOUR TAKE.
>> TO THINK I HAVE A PROBLEM
WITH.
I THINK JASON FURMAN IS RIGHT,
THIS IS GOING TO CAUSE
INFLATION -- THIS IS NOT GOING
TO REDUCE INFLATION.
NUMBER TO COME I’M HAVING A HARD
TIME GETTING MY HEAD AROUND THE
FAIRNESS ISSUE.
FOR THOSE WHO TOOK OUT LOANS I
TOOK OUT A LOAN FOR THE THIRD
YEAR OF LAW SCHOOL AT THE UNIVERSITY OF MICHIGAN AND I
UNIVERSITY OF MICHIGAN AND I
PAID MY LOAN BACK.
THE FAIRNESS ISSUE FOR FAMILIES
WHO DID IT, I COULD WIND UP IN
COURT.
WHEN I FIGURE OUT A WAY TO GIVE
TAX CREDITS TO FAMILIES AND
INDIVIDUALS AND STUDENTS WHO
PAID, WHO BORROWED MONEY AND
PAID IT BACK, OR THOSE FAMILIES
WHO SAVE MONEY.
THE SECOND PART IS IF YOU’RE
GOING TO DO THIS TAILORED FOR
THE THINGS WE NEED.
MORE ART HISTORY MAJORS.
YOU WANT TO BE AN ART HISTORY
MANAGER?
YOU’RE NOT CAN I GET A BREAK IN
YOUR LOAN.
THE THINGS WE NEED, THAT’S WHERE
IT SHOULD’VE BEEN GIVEN.
FINALLY, JUDGE, YOU NAILED IT,
THE COST OF COLLEGE. THESE COLLEGE ADMINISTRATORS
THESE COLLEGE ADMINISTRATORS
WOULD HAVE TO COME UP CONGRESS
TO WEAR IF IT GOING?
THE INFLATION IS HERE YOUR
NUMBERS ARE THERE.
PERHAPS THEY HAVE A GREAT ANSWER
ANSWER.
I CAN COST UPWARDS OF A HUNDRED
THOUSAND DOLLARS A YEAR WANT TO
LOOK FOR ROOM AND BOARD, COMING
HOME, FOOD OF SCHOOLS FOR KIDS
TO GO TO COLLEGE I DON’T
UNDERSTAND WHAT KIDS ARE GETTING
OUT OF IT.
>> WHAT ABOUT THE PEOPLE WHO
TOOK OUT LOANS TO BUY TOOLS TO