>> THE JUDGE DOESN’T KNOW WHO
NAT KING COLLINS IS.
>> Jeanine: I KNOW WHO THAT IS.
>> MORE STUDENT DEBT AFTER
BRIBING YOUNG VOTERS AHEAD OF
THE MIDTERM.
PAUSE ON THE HANDOUT AS IT FACES
SERIOUS LEGAL CHALLENGES AND
BIDEN BLAMING REPUBLICANS.
>> President Biden: PROVIDE
STUDENT LOAN DEBT RELIEF,
OFFICIALS SUED TO DENY THIS
RELIEF, EVEN FOR THEIR OWN
CONSTITUENTS, I’M CONFIDENT MY
PLAN IS LEGAL, IT IS NOT FAIR TO
ASK BORROWERS ELIGIBLE FOR
RELIEF TO RESUME STUDENT DEBT
PANDEMIC WHILE THE COURTS
CONSIDER THE LAWSUIT.
>> JUDGE, BEFORE I GO INTO THE
BRIBE, HOW DOES THIS PLAY OUT IN
COURT?
>> Jeanine: IT WILL PLAY OUT IN
COURT AND HE’LL LOSE, AMAZING
THING, FORGET THE BRIBE, HE LIED
TO THE AMERICAN PEOPLE, DO YOU
RECALL WHEN HE SAID I GOT THIS
PASSED BY CONGRESS AND PASSED BY
ONE OR TWO VOTES.
HE LIED ABOUT IT, GAVE HIM A
BUMP FOR THE MIDTERM AND START
TRASHING THE REPUBLICANS SAYING
THE REPUBLICANS ARE MAKING US --
PUTTING A HALT ON THIS I THINK
THIS, THE TRUTH IS, IT IS
COSTING $195 BILLION SO FAR, AS
I UNDERSTAND IT AND THE AVERAGE
MEDICAL STUDENT THAT WE THOUGHT
GET 10,000, 20,000 AT THE MOST,
THEY GET LIKE $107,000 CREDIT
BASED ON ALL THE PAUSES AND
BASED ON AN EMERGENCY THAT DOES
NOT EXIST.
THAT’S IT.
[LAUGHTER]
>> ALL I HAVE TO SAY.
>> JESSICA, YOUR FRIEND AND
MENTOR NANCY PELOSI, SAID HE
COULDN’T DO THAT.
WHAT HAPPENED?
WHAT CHANGED?
>> Jessica: TIMES CHANGE,
LAWRENCE, PEEP EVOLVE.
A LOT OF PEOPLE SAID THIS WASN’T
LEGAL, A LOT SAID IT WASN’T
LEGAL, ELIZABETH WARREN HAVE
BEEN BEHIND THIS.
BIDEN CHANGED THE DIRECTION OF
THIS AND FOLLOWS CLYBURN AND IT
BECAME A MAJOR PIECE OF
LEGISLATION HE THOUGHT WAS
IMPORTANT, WE’LL SEE HOW IT
PLAYS OUT.
I’M INTERESTED TO SEE HOW
REPUBLICANS WHO HAVE GEN-Z IN
THEIR DISTRICT AND MILLENNIALS
WILL BENEFIT FROM THIS DEAL WITH
IT.
YOU SEE PEOPLE ON THE CAMPAIGN
TRAIL, DEMOCRATS HAVE BEEN IN
POWER, AND YOU SEE THEM TOUTING
INFRASTRUCTURE MONEY COMING IN
OR AMERICAN RESCUE ACT MONEY AND
THESE ARE THINGS THEY VOTED
AGAINST.
HOW DO YOU LOOK STUDENTS IN THE
EYE OR FORMER STUDENTS AND SAY,
YOU GOT TO TELL THEM YOU ARE
HAPPY ABOUT THIS, IT WILL GET
YOU RELIEF THAT YOU NEED, BUT
YOU VOTED AGAINST IT AND PEOPLE
HOLD FOLKS ACCOUNTABLE FOR
THINGS LIKE THAT AND THREE
ISSUES MATTERED TO YOUNG VOTERS,
IT WAS CLIMATE, STUDENT DEBT
RELIEF AND ABORTION AND
REPUBLICANS HAVE A HARD TIME
EXPLAINING LACK OF SUPPORT FOR
ALL THREE.
>> Greg: YOU CAN EXPLAIN THIS TO
A YOUNG PERSON, THEY ARE NOT AS
STUPID AS YOU THINK THEY ARE,
THEY UNDERSTAND OTHER PEOPLE ARE
PAYING FOR THIS.
WHEN THEY DID THIS THEY FOUND
PEOPLE WERE GOING TO SPEND THEIR
MONEY ON GADGETRY, BOOZE AND
DINING OUT, SO BASICALLY YOU ARE
TAKING MONEY FROM HARD-WORKING
AMERICANS TO PAY FOR IDLE LUXURY
OF OVER EDUCATED LAY-ABOUTS AND
ACTING LIKE THAT IS RELEE,
PLAYING GAMES WITH RELIEF.
WE’RE THE CHUMPS, SO EASY TO BE
GENEROUS, IF YOU RUN INTO A
YOUNG PERSON.
WHY WOULD I BE AGAINST IT?
WHY WOULD I BE AGAINST THAT?
THAT MONEY SHOULD BE YOURS AND
YOU SHOULD GET RELIEF?
WHY BE AGAINST IT?
IT IS TAKING FROM SOMEBODY ELSE,
THAT IS SOMEBODY ELSE’S MONEY.
I THINK THIS IS A GOOD
OPPORTUNITY TO TEACH PEOPLE
WHERE, HOW REDISTRIBUTION WORKS
AND HOW THIS IS SHEFT AND WHY IT
IS UNCONSTITUTIONAL.
I WOULD PREFER IF SOMEBODY WERE
TO DO THIS, GO AFTER BANKS AND
HIGH INTEREST RATES AND
COLLEGES, WHO ENCOURAGE PEOPLE
TOIC TATHE MOST ABSURD MAJORS
AND TAKE THE LOANS AND I WONDER
IF YOU ARE GOING TO SCHOOL RIGHT
NOW, YOU GOT TO BE THINKING, I’M
NOT PAYING OFF THOSE LOANS, THIS
WILL HAPPEN AGAIN, IT IS ONLY TO
BUILD IT BACK UP. >> Jeanine: BORROWERS WITH DEBT
>> Jeanine: BORROWERS WITH DEBT
UNAFFECTED BY FORGIVENESS ARE
EXEMPTED, TOO.
>> Dagen: FOR 33 MONTHS BEEN
MORATORIUM ON MAKING STUDENT
LOAN PANDEMICS AND NO INTEREST
ACCRUING ON THE LOAN, IN NUMBER
ONE, IT IS ANOTHER HAND OUT,
THAT IS A BAIL OUT, WHEN YOU
DEFER A LOAN WITH NO INTEREST
ACCRUING ON THE LOAN, IT IS
DECLINING IN REAL VALUE BECAUSE
OF THE INFLATION.
>> GREG TALKS ABOUT DECLINING
VALUE OF MONEY, IT UPON HADS
BORROWERS, THE BURDEN IS NOT
JUST $150 BILLION PLUS BECAUSE
INTEREST IS NOT ACCRUING ON
LOANS, THIS IS WILDLY
IDIOTICALLY INFLATIONARY AT TIME
THE FEDERAL RESERVE IS HIKING
INTEREST RATES TO THE MOON TO
FIGHT THE INFLATION.
WHAT IS HAPPENING?
PEOPLE WHO DON’T HAVE, THERE IS
A FINANCIAL BURDEN SOMEWHERE, IF
YOU GO TO BUY A CAR WITH A
LEASE, YOUR RATE IS GOING
THROUGH THE ROOF BECAUSE THE FED
FIGHTING INFLATION BECAUSE JOE
BIDEN IS HANDING OUT MONEY.
IF YOUR HOME IS GOING TO
COLLAPSE IN VALUE NEXT YEAR
BECAUSE OF THE INFLATION AND
BECAUSE OF THE FEDERAL RESERVE
IS FIGHTING IT, ALL THESE
FINANCIAL BURDENS THAT PEOPLE
WILL FEEL AND BEAR BECAUSE OF