WELCOME BACK TO THE BIG SATURDAY
SHOW.
SPENDING A LOT OF TIME TOUTING
ITS NEW STUDENT LOANS HANDOUT
PLAN BUT NOT A LOT OF TIME
ANSWERING QUESTIONS ABOUT WHO
WILL FOOT THE BILL.
>> IS THE WHITE HOUSE GOING TO
RELEASE THE COST ESTIMATE IS
SOMETIMES?
>> WE TALKED ABOUT THAT, WE ARE
GOING TO SHARE WHAT THAT WILL
LOOK LIKE.
>> WE ALL KNOW WILL BE PAYING
FOR, IT TAXPAYERS AND IS THE
BIDEN ADMINISTRATION AVOIDS
QUESTIONS, A NEW MODEL FIND THE
FINAL PRICE TAG TO EXCEED $1
TRILLION OVER TEN YEARS.
>> RACHEL, WE ARE SITTING RIGHT
NOW AT WHAT, 30 PLUS TRILLION
DOLLARS IN DEBT?
EVERY PENNY OF IT WAS SPENT IN
BILLS ALLEGEDLY PAID FOR WHEN
THEY GOT PAST.
HOW DID WE GET HERE, WHAT DO WE
DO?
>> WE ARE CREATING A CULTURE
AMONG YOUNG PEOPLE, IT SENDS A
BAD MESSAGE AND YOUNG PEOPLE YOU
SEE I MET A GUY ONCE, SEAN AND I
WERE YOUNG, STRUGGLING TO PAY OFF OUR BILLS, FIVE OR SIX KIDS
OFF OUR BILLS, FIVE OR SIX KIDS
AT THE TIME HE JUST SAID, HE WAS
SOME HIPPIE, YOU KNOW, HE SAID
I’M NOT PAYING IT, I’M STICKING
IT TO THE MAN.
IN THIS CASE THE MAN IS A WELDER
WHO HAS FOUR KIDS, A WAITRESS, A
SINGLE MOM.
THIS IS WHO THEY ARE STICKING IT
TO AND THEN THEY ARE SELF
ENTITLED AND SAY WE ARE PRESSED
AND I THINK THE PANDEMIC
EXACERBATED THIS BECAUSE PEOPLE
JUST GET USED TO GETTING FREE
STUFF AND THAT’S WHAT HAPPENED
IN THE GOT USED TO SITTING AT
HOME.
I AM JUST WORRIED ABOUT THE
LONG-TERM CULTURAL CONSEQUENCE
BECAUSE THE GREATNESS OF AMERICA
HAS ALWAYS BEEN THE HARD WORK
ETHIC OF OUR PEOPLE.
>> AND TAKING PRIDE IN TAKING
CARE OF YOURSELF.
>> PERSONAL RESPONSIBLY,
ABSOLUTELY.
>> KATIE OBVIOUSLY SHOWN HERE IS
NOT A GRAD BUT LISTEN TO THIS
QUOTE FROM HER.
>> IT’S A VERY TARGETED PLAN IS
GOING TO GIVE RELIEF TO 90% OF
AMERICANS MAKING LESS THAN 35000
A YEAR.
THAT’S IMPORTANT, AS A CAMPAIGN
PROMISE THE PRESIDENT MADE AND
KEPT AND WENT BEYOND NOT JUST
10000 BUT 20000.
>> THE IDEA OF GIVING $1
TRILLION BACK TO THE AMERICAN
TAXPAYER, NOT A BAD IDEA.
IT DOESN’T SEEM TO BE THE
SMARTEST WAY.
>> IT’S A REDISTRIBUTION OF DEBT
FROM WEALTHY DEGREE HOLDERS TO
THE WORKING CLASS.
THAT’S WHAT THIS IS, NOT THE
NUMBERS SHE’S TALKING ABOUT WHAT
IT WILL COST $1 TRILLION, YOU KNOW MORE TO THE GOVERNMENT
KNOW MORE TO THE GOVERNMENT
EVERY YEAR BEFORE YOU TAKE HOME
YOUR MONEY TO PAY FOR YOUR OWN
FAMILY.
WHAT ABOUT THE FAMILY WHO WANTS
TO SAVE MONEY TO SEND THEIR OWN
KIDS TO COLLEGE?
THE FAMILY WHO SACRIFICES, OF
FAMOUS VIDEO IS ELIZABETH WARREN THAT FATHER SAID MY FRIEND OF
THAT FATHER SAID MY FRIEND OF
BUYING BOATS AND FANCY CARS, AND
SAVING FOR MY DAUGHTER’S
COLLEGE, WILL YOU FORGIVE THERE
LOANS?
SHE SAID ABSOLUTELY NOT.
YOU HAVE THE EDUCATION SECRETARY
AS WELL.
THE WHITE HOUSE IS MAKING THE
ARGUMENT PEOPLE NEED BREATHING
ROOM SAYING PEOPLE SHOULD TAKE
OUT JUST AFTER THE STUDENT LOAN
DEBT FORGIVEN MAY HAVE PAID THAT
BACK AND SAY WE ARE IN A GOOD
ECONOMY, COVID IS ESSENTIALLY
OVER ESPECIALLY WHEN IT COMES TO
THE BORDER SO THAT DOES NOT
COMPUTE SAYING PEOPLE ARE NOT IN
A POSITION TO PAY THAT.
>> FOR A GUY WHO CALLS HIMSELF
LUNCH BUCKET JOE, IT DOESN’T
SOUND --
>> IT’S A SOLIDIFICATION OF THE
DEMOCRATIC PARTY THE PARTY OF
THE ATHLETES AND BEING FINE WITH OTHER PEOPLE’S FOOTING THE BILL
OTHER PEOPLE’S FOOTING THE BILL
FOR THEIR DEGREE PROGRAMS.
>> GREAT PIECE IN THE POST OVER
THE WEEKEND CALLED TOO MUCH FREE
GOVERNMENT AID FEELING
DEPRESSING BROKE LAZY AMERICA,
LET ME READ A LITTLE BIT, THIS
FREE MONEY CONTRIBUTED TO A
CULTURE OF LAZINESS THAT’S
RESULTED IN THE SHORTAGE IN THE
UNITED STATES AND OVER A
GENERATION.
PEOPLE SIMPLY BECOME ACCUSTOMED
TO NOT QUITE LIKE IT.
AMERICAN CULTURE SAYS IT’S GOOD
FOR STUDENTS TO PURCHASE
EXPENSIVE EDUCATIONS AND REQUIRE
OTHERS TO FOOT THE BILL.
THE NOTION OF PAYING BACK MONEY
YOU BORROWED IS NOW CONSIDERED OUTDATED, PERHAPS EVEN
OUTDATED, PERHAPS EVEN
SYSTEMICALLY RACIST.
>> WE TALKED TO A YOUNG WOMAN
YESTERDAY WHO STRUGGLED TO PAY
STUDENT LOANS, HER HUSBAND
STRUGGLED TO PAY HIS AND SHE
SAYS FRANKLY, I FEEL I’VE BEEN
SWINDLED AND A LOT OF AMERICANS FEEL THEY ARE SUCKERS.
FEEL THEY ARE SUCKERS.
THE QUESTION YOU HAVE TO ASK IS
WHY WOULD YOU TAKE YOUR STUDENT
LOANS GOING FORWARD WHEN YOU
KNOW AT SOME TIME SOMEONE IS
GOING TO FORGIVE THEM?
WHY WOULD YOU EVER GET IN LINE
AND GO TO THE PROCESS OF
BECOMING AN AMERICAN CITIZEN
WHEN YOU CAN JUST WALK ACROSS?
WHY WOULD YOU PAY FOR SOMETHING
WHEN YOU JUST GRAB IT AND WALKED
OUT?
THERE ARE NO CONSEQUENCES.
I DON’T HAVE TO DO ANYTHING
BECAUSE I CAN GRAB IT WORK OUT
AND NOBODY WILL ARREST ME.
KAREEM JOHN PIERCE THAT’S WHAT
WAS SHE WAS ASKED, WHAT’S THE
DEAL, IT’S ALREADY PAID FOR.
THEY ASKED HOW MUCH?
WE HAVE NO IDEA.
HOW CAN YOU PAY FOR SOMETHING
YOU DO NOT KNOW THE PRICE?
TO ME IT’S A LITTLE SHOCKING BUT
THAT’S JUST ME.
>> IN A LOT OF WAYS IS THE MOST
IMPORTANT THING VERY FEW OF US
HAVE TALKED ABOUT, THE IDEA THAT
WHAT THIS WILL REWARD PEOPLE TO
DO GOING FORWARD IN THE FUTURE,
THOSE VIDEOS CBS PEOPLE RUNNING
OUT WITH ARMLOADS OF THINGS,
WHAT DOPE PAYS FOR ANYTHING WHEN
YOU SEE THAT GOING ON?
>> IT DOES NOT SOLVE THE
PROBLEM.
A FOUR-YEAR ACADEMIC CYCLE BACK
TO THE SAME AMOUNT OF STUDENT
DEBT, IT DOES NOT SOLVE THE
PROBLEM, ONLY PUNISHES THOSE --
>> THE PROBLEM IS COLLEGE
EDUCATION IS TOO EXPENSIVE AND
THIS INCENTIVIZES UNIVERSITIES
TO CONTINUE TO RAISE THE PRICE
ABOVE THE COST OF LIVING, IT’S