COLLEGE IS SO EXPENSIVE?
SEE WHAT OUR PANEL THINKS,
WASHINGTON EXAMINER AND
INVESTIGATIVE REPORTER SARAH
WESTWOOD AND FOX NEWS
CONTRIBUTOR CHARLES HURT.
WASHINGTON TIMES, WASHINGTON
EXAMINER E THE MATCHUP THE FANS
HAVE BEEN WANTING ALL YEAR.
SARAH, AS YOU LOOK AT THIS BIND
BAILOUT, WE CAN SEE THE
TAXPAYERS ARE THE LOSERS.
WHO DO YOU SEE AS THE BIGGEST
WINNERS HERE WITH THIS DEBT
CANCELLATION OR DEBT TRANSFER
FROM BORROWERS TO TAXPAYERS?
>> YOU KNOW, THIS IS THE KIND OF
IDEA THAT ONLY SOUNDS GOOD TO A
BUNCH OF YOUNG, AFFLUENT
DEMOCRATIC STAFFERS SITTING
AROUND A CONFERENCE ROOM TRYING
TO COME UP WITH SOMETHING THAT
CAN SAVE JOE BIDEN IN THE
MIDTERMS BECAUSE IT’S NOT
PLAYING WELL ACROSS THE COUNTRY,
AND I WOULD VENTURE TO SAY
PROBABLY NOT PLAYING AS WELL AS
THOSE DEMOCRATIC STAFFERS
THOUGHT IT WOULD.
THEY’VE MANAGED TO DO THIS IN A
WAY THAT’S ANGERED BASICALLY
EVERY PART OF THEIR CON CONSTITU
AND EVEN THOSE THAT BENEFIT FROM
THIS CANCELLATION EXPRESSED
CONCERNS OVER THE WAY IT’S
STRUCTURED AND DEMOCRATS ARE
DESTROYING WHAT LITTLE IS LEFT
WITH THEIR CREDIBILITY WITH THE
WORKING CLASS AND THIS DOES
BENEFIT DISPROPORTIONATELY THE
HIGHEST INCOME, MOST EDUCATED,
MOST WELL OFF PART OF THE
POPULATION, AND IT INCENTIVIZES
IRRESPONSIBLE FINANCIAL BEHAVIOR
FOR KIDS LOOKING AT DECISION OF
WHETHER TO GO TO COLLEGE.
THEY MIGHT NOT BE AS INCLINED TO
TAKE A JOB OR SELECT A LESS
PRESTIGEPRESTIGIOUS STATE SCHOOL
MONEY BECAUSE THEY SEE THIS
CANCELLATION AND THAT DEBT MIGHT
NOT SEEM SO REAL TO THEM IN THE
FUTURE.
JAMES: YEAH, CHARLES, YOU CAN
UNDERSTAND PEOPLE BEING
INFURIATED IF THEY BORROWED AND
SAVED AND MANAGED TO PAY THEIR
DEBTS IF THEY DIDN’T GO TO
COLLEGE BECAUSE IT WAS TOO
EXPENSIVE.
BUT I ALSO REALLY AM CONCERNED
THAT ONE OF THE GREAT THINGS
ABOUT AMERICA IS WE HAVE WAYS OF
CORRECTING PROBLEMS.
WE HAVE KIND OF A SELF-HEALING
PROCESS.
THIS IS GOING TO ENSURE THAT
NOTHING CHANGES, AM I RIGHT?
I DON’T WANT TO BE A PESSIMIST
HERE, BUT WHAT IS THE INCENTIVE
FOR COLLEGES TO STOP CHARGING
MORE AND MORE AND MORE?
>> WELL, THIS IS CERTAINLY NOT
GOING TO DO THAT, AND OBVIOUSLY,
YOU KNOW, THE BIG PICTURE IS
IT’S FUNDAMENTALLY UNFAIR, IT’S
A REVERSE ROBINHOOD WHERE JOE
BIDEN IS STEALING FROM THE
WORKING AND THE POOR TO GIVE TO
THE WEALTHY AND FUTURE WEALTHY.
I THINK THAT’S WHY YOU’RE SEEING
ACROSS THE COUNTRY, PEOPLE ARE
JUST INSTINCTIVELY AGAINST THIS
KIND OF THING.
BUT TO LISTEN TO THE EDUCATION
SECRETARY SIT THERE AND TALK
ABOUT HOW THIS WILL FIX A BROKEN
SYSTEM AND YOU’RE RIGHT, JAMES,
IT’S GREAT THAT THEY RECOGNIZE
THAT THE SYSTEM IS BROKEN.
BUT NOT ONLY IS THIS NOT GOING
TO FIX THE SYSTEM BUT MAKE IT
INFINITELY WORSE.
YOU THINK THAT IF THE FEDERAL
GOVERNMENT SHOVELS ALL OF THIS
MONEY TO THESE CUSTOMERS WHO ARE
GETTING TERRIBLE PRODUCTS FROM
UNIVERSITIES, DO YOU THINK THIS
WILL LOWER THE PRICE OF
EDUCATION?
NO, IT’S GOING TO INCREASE THE
PRICE OF EDUCATION.
IF WE WANTED TO FIX THIS BROKEN
SYSTEM WHERE A LOT OF YOUNG
PEOPLE WERE SADDLED WITH HIDEOUS
AMOUNTS OF DEBT, THEN GO AFTER
THE COLLEGES AND UNIVERSITIES
AND STRIP THEM, MAKE THEM TAKE
NOT A HAIRCUT BUT LIKE A BUZZ
CUT.
TAKE THEIR MONEY AWAY AND GIVE
IT BACK TO STUDENTS WHO GOT
FRAUDULENT EDUCATIONS AND WERE
TAUGHT THAT THERE ARE EIGHT
GYPPEDDERS ARE MISTAUGHT HISTORY
HISTORY OR WHATEVER IT IS YOU
WANT TO SAY THAT THEY’VE DONE.
BUT ALSO LAST THING, YOU KNOW,
POLITICALLY SPEAKING I THINK
IT’S REALLY INTERESTING TO GO
BACK AND LISTEN TO PEOPLE LIKE
NANCY PELOSI TALK ABOUT THE FACT
THAT THE PRESIDENT CAN’T DO THIS
WITHOUT CONGRESS.
THEN SUDDENLY HE’S DOING THIS
WITHOUT CONGRESS. WELL, YOU
KNOW WHAT THAT TELLS ME, EVEN
JOE BIDEN DOESN’T NEED A
DEMOCRATIC CONGRESS AND VOTERS
EVERYWHERE -- EVEN IF YOU’RE A
DEMOCRAT VOTER, REALIZE THAT YOU
SHOULD VOTE AGAINST DEMOCRATS IN