>> EDWARD LAWRENCE THANK
YOU.
BRIAN: JOINING ME NOW DOUG
DOUGLAS FORMER CONGRESSIONAL
BUDGET OFFICER DIRECTOR AND
KRISTIN TATE.
GREAT TO SEE YOU BOTH.
I WANT TO START WITH YOU,
LET ME TAKE YOU BACK IN
TIME.
THIS IS PRESIDENT BIDEN FROM
AUGUST.
THIS YEAR.
SAYING THAT STUDENT LOAN
PAYMENT PAUSED WOULD END
LATER THIS YEAR.
>> STUDENT LOAN PAYMENTS
PAUSE WILL END.
WILL END DECEMBER 30, I AM
EXTENDING IT TO DECEMBER 31,
2022.
AND IT WILL END AT THAT
TIME.
TIME FOR THE PAYMENTS TO
RESUME.
BRIAN: SO, KRISTIN, WHAT
HAPPENED?
>> HERE IS WHAT IS GOING ON
DEMOCRATS ARE HELL BENT ON
TRANS TRANSFERRING MONEY
FROM THE TAXPAYER TO THEIR
VOTER BASE.
YOUNG COLLEGE GRADUATES WHAT
WENT TO LIBBAL LIBERAL ARTS
COLLEGES, RICHEST 40 PERCENT
OF AMERICANS OWN 60% OF
STUDENT LOAN DEBT AND BOTTOM
HOLD 20% OF THAT DEBT.
IF THE ECONOMY IS AS GOOD AS
BIDEN ADMINISTRATION KEEPS
INSISTING IT IS, WHY DO THEY
KEEP PUTTING PAUSES ON LONE
LOAN REPAYMENTS, COSTS
TAXPAYERS 155 BILLION SO FAR
THIS IS RIDICULOUS.
BRIAN: THE PANDEMIC IS OVER,
THEN IT IS NOT.
BUT YOU LOOK AT THIS, YOU
THINK, YOU KNOW IS THIS EVER
GOING TO END.
LET’S SAY THE SUPREME COURT
SAYS, YOU KNOW YOU CAN’T
WIPE AWAY $400 BILLION IN
DEBT, DOES THAT MEAN UNTIL
WE GET ANOTHER PRESIDENT
WE’LL KEEPY SEEING THE
TEMPORARY EXTENSIONS?
>> IT LOOKS THAT WAY.
THIS IS A POLICY IN SEARCH OF A PROBLEM.
OF A PROBLEM.
RIGHT NOW HE SAYS THE COURTS
HAVE TO HAVE TIME TO LISTEN.
NOT ONE MORE PERSON WILL
HAVE A BETTER COLLEGE
EDUCATION AFTER SPENDING
$420 BILLION TAXPAYER
COLORS, HE PROBABLY DOESN’T
HAVE THE AUTHORITY TO DO IT,
THAT SENDS MESSAGE YOU CAN
SIGN A CONTRACT VAL
VOLUNTARILY EXPIG AND IGNORE
IT.
THIS ADDS 6 MORE MONTHS TO
THAT LESSON AND GAR
GUARANTEES THAT THE TAXPAYER
WILL BED ON THEWILL BE ON
THE HOOK FOR THEM.
BRIAN: THAT IS WHAT IS GOING
ON.
AMERICAN TAXPAYERS ARE TOLD
YOUYOU ARE A CHUMP, DON’T
LISTEN TO THE PRESIDENT WHEN
HE SAID HE IS DONE
EXTENDING, HE IS NOT.
KRISTIN, WHAT DOES THIS MEAN
GOING FORWARD FOR THE
ECONOMY TO CONTINUE THE ROLL
THE NONPAYMENTS FORWARD?
SEEMS INFLATIONARY TO ME.
>> IT IS.
THE POLITICIANS CONTINUE
PUMPING MONEY INTO THE
SYSTEM.
AND YOU KNOW THE CLASSIC
DEFINITION OF INFLATION IS
MORE DOLLARS CHASING THE
SAME NUMBER OF GOODS.
CONTINUING TO PAUSE THESE
PAYMENTS AND PROMISE -- IT
IS SO UNFAIR TO PEOPLE WHO
DECIDED TO NOT GO TO COLLEGE
BECAUSE THEY COULD NOT
AFFORD TO.
PEOPLE WHO WORK LIKE
PLUMBERS AND CONSTRUCTION
AND THE SERVICE INDUSTRY AND
ALSO THE PEOPLE WHO DID GO
TO COLLEGE AND WERE
RESPONSIBLE AND PAID THEIR
LOANS, AND THOSE WHO JOINED
MILITARY TO GET THE FREE
COLLEGE EDUCATION, THIS IS A
SLAP IN THE FACE TO THOSE
PEOPLE.
IF YOU CONTINUE TO PAUSE OR
CANCEL STUDENT LOANS
REPAYMENTS I ARE MAKING THE
CORE OF THE PROBLEM WORSE,
COLLEGES WILL CONTINUE TO
HIKE THE PRICES WITH
IMPUNITY.
THE KIDS ARE SOLD A BILL OF
GOODS BY AMERICA’S EDUCATION
SYSTEM, NOW THEY ARE TOLD,
THEY DON’T HAVE TO PAY THE
LOANS BACK.
BRIAN: STICKING WITH THE
TIME MACHINE, BACK TO
SEPTEMBER, WITH AN
ANNOUNCEMENT FROM BIDEN
SAYING, RAILWAY STRIKE DON’T
WORRY ABOUT IT.
IT IS SOLVED.
HERE WE ARE IN LATE NOVEMBER
IT LOOKS LIKE WE MIGHT BE ON
THE PRECIPICE OF A STRIKE.
WHAT WOULD THAT MEAN FOR THE
ECONOMY?
>> ON SEPTEMBER HE DID SOLVE
THE PROBLEM HE WAS CONCERNED
ABOUT, SOMETHING BAD
HAPPENED BEFORE THE
ELECTION, THEY MANAGED TO
GATHER AT WHITE HOUSE AND
COBBLE TOGETHER A DEAL TO
VOTE ON AFTER THE ELECTION,
TURNS OUT IT NOT A POPULAR
DEAL. DISRUPTING CORE TRANSPORTS
DISRUPTING CORE TRANSPORTS
NETWORKS WITH AN EXAMPLE OF
SUPPLY CHAIN PROBLEMS.
THIS ADMINISTRATION IS FOND
OF BLAMING THINGS ON THE
SUPPLY CHIN PROBLEM, IT
WOULD SLOW GROWTH AND COST
JOBS, THIS IS NOT GOOD NEWS
AS WE TURN TO 2023.
BRIAN: KRISTIN DO SUE IT
HAPPENING OR CONGRESS
STEPPING IN.
>> THE AFFECTS OF A REAL
STRIKE WOULD BE SERIOUS,
THAT IS WHY I SUSPECT WE
WON’T SEE A PROLONGED
STRIKE, IT WOULD BE A
POLITICAL DISASTER FOR THE
UNIONS AND CONGRESS, UNIONS
UNDERSTAND IF THEY STRIKE
DURING HOLIDAYS THAT WILL
INFURIATE MIDDLE AMERICA AND
MAKE THE UNIONS LOOK BAD.
AND SUPPLY CHAIN DISRUPTION
WILL LOOK DEMOCRAT
CONTROLLED CONGRESS LOOK
VERY BAD.
I THINK THIS UNIONS TRYING
TO GRAB AS MUCH AS THEY CAN
BEFORE REPUBLICAN HOUSE
TAKES CONTROL.
IT YOU IMAGINE BEING UPSET
WITH PROSPECT MUCH 24% WAGE
INCREASE.
I HAVE NO IDEA WHO WOULD BE
GETTING THAT KIND OF RAISE,
THIS ABOUT POLITICS AGAIN.
BRIAN: STUDENT DEBT, YOU GET
A HAND OUT, EVERYONE ELSE
POTENTIAL STRIKE OR AT THE
LEAST PAY FOR SOMEONE ELSE’S
DEBT.
DOUG AND KRISTIN GREAT TO