KENNEDY: PRESIDENT BIDEN
PROMISED PROGRESSIVES A BIG
STUDENT LOAN HANDOUT, BUT
REPUBLICAN-LED LAWSUITS HAVE PUT
THE BRAKES ON EVERYTHING.
BORROWERS OWE MORE THAN $1.5
TRILLION IN TOTAL STUDENT LOAN
LOAN ARE DEBT, AND TO SOME, THE
RETURN ON INVESTMENT IS NOT
REALLY WORTH IT, IS IT?
I HIT THE STREETS OF NEW YORK
CITY TO FIND OUT EXACTLY WHAT
PEOPLE THINK ABOUT
MATRICULATION.
WATCH.
DID YOU GO TO COLLEGE?
DID YOU LIKE COLLEGE?
DID YOU HAVE FUN?
WAS IT GOOD TO YOU?
YOU’RE AN ACORAL, ATTRACTIVE
COUPLE.
DID YOU GO TO COLLEGE?
>> I’M CURRENTLY IN COLLEGE.
KENNEDY: DID YOU GO TO COLLEGE?
>> I DID, AND THEN I DROPPED OUT
TO BE A PORN STAR.
KENNEDY: HAS ANYONE EVER TOLD
YOU THAT COLLEGE IS A WASTE OF
MONEY?
>> NO.
KENNEDY: DO YOU LIKE THE
DODGERS?
>> YES.
KENNEDY: DID YOU GO TO COLLEGE?
>> NO, TRADE SCHOOL.
KENNEDY: HOW MUCH DEBT WILL YOU
HAVE?
>> ZERO.
KENNEDY: WHY?
>> MY PARENTS PAID FOR MY
COLLEGE.
KENNEDY: CAN I MEET YOUR
PARENTS?
WHAT WOULD YOU TELL SOMEONE IN
HIGH SCHOOL RIGHT NOW, WOULD YOU
TELL THEM TO GO TO COLLEGE?
>> IF YOU’RE WANTING TO BE A
DOCTOR, ABSOLUTELY, YOU HAVE TO
GO TO COLLEGE.
BUT IF YOU’RE REALLY WANTING TO
BREAK FREE OF THE BRAINWASHING
OF 9-5, BE YOUR OWN BOSS.
YOU DON’T HAVE TO WORK IN THE
SEXUAL INDUSTRY.
KENNEDY: WHAT ARE YOU DOING NOW?
>> HVAC.
KENNEDY: HOW MUCH DEBT DID YOU
HAVE WHEN YOU WERE DONE?
>> NONE.
KENNEDY: ZERO!
HOW MUCH DID YOU MAKE YOUR FIRST
YEAR IS --?
>> I DON’T WANT TO PUT IT ON TV.
[LAUGHTER]
KENNEDY: WE’VE GOT A HVAC EXPERT
AND A PORN STAR!
TAKE THAT AND SHOVE IT UP
YOUR --
>> I LOVED MY EXTRACURRICULAR
ACTIVITIES.
KENNEDY: I’M WOMAN ON STREET
ASKING ABOUT YOUR COLLEGE
EXPERIENCES --
>> ARE YOU KIDDING ME?
>> IS THIS FOR LARRY CUD LO
LOW’S SHOW?
KENNEDY: KEN YOU LOOK LIKE A
LEARNED INDIVIDUAL.
DO YOU THINK THE GOVERNMENT
SHOULD BE FORGIVING EVEN MORE
STUDENT LOAN DEBT?
>> THEY SHOULD BE FORGIVING MY
MORTGAGE DEBT, ON THE SHOES I
JUST BOUGHT.
CAN.
KENNEDY: DID YOU GO TO COLLEGE?
>> TAKING OUT STUDENT LOANS.
I DIDN’T KNOW WHAT I WANTED TO
DO.
KENNEDY: LES A SICK LAMBEAU I
GOT MY EYE ON.
>> MAYBE AFTER MY LAMBO.
[LAUGHTER]
KENNEDY: ALL RIGHT.
I GET NUMBER TWO.
>> THERE’S DEFINITELY WAYS OUT
OF GOING TO COLLEGE --
KENNEDY: SHOULD I GO TO COLLEGE?
>> YOU SHOULD DEFINITELY GO TO
ELEMENTARY SCHOOL.
KENNEDY: WHAT A [BLEEP]
[LAUGHTER]
KENNEDY: SICK BIRD, BRENBERG!
ALL RIGHT.
THE NONPARTISAN CONGRESSIONAL
BUDGET OFFICE CLAIMS THE
PRESIDENT’S STUDENT LOAN PLAN
WILL COST TAXPAYERS AT LEAST
$400 BILLION.
REPUBLICANS RIGHTLY BLASTING HIM
AS A BIG SPENDER.
HE SAYS THAT’S A LOAD OF
MALARKEY.
I’M GOING TO HUG A GHOST.
>> I’M SO SICK OF REPUBLICANS
SAY, WE’RE -- SAYING WE’RE THE
BIG SPENDERS.
GIVE ME A BREAK WITH.
[LAUGHTER]
I KNOW I’M BEING BANGED UP BY
THE REPUBLICANS, BUT COME --
BRING IT ON.
KENNEDY: BRING IT ON LIKE DONKEY
KONG.
WELL, HE’S NOT HELPING.
IS THIS BAILOUT JUST A
VOTE-BUYING SCHEME?
AND WHAT ABOUT SKYROCKETING
COLLEGE COSTS?
THE PANEL IS BACK.
CAROL MARK WITS, KEVIN WALLING
AND HANNAH COX.
KAROL, THESE ARE THINGS WE HAVE
TO THINK ABOUT WHEN WE HAVE
CHILDREN.
IS IT WORTH GOING INTO DEBT?
>> YEAH.
KENNEDY: I CAN’T IMAGINE EVERY
GENERATION, EVERY STUDENT FROM
HERE ON OUT IS GOING TO HAVE
STUDENT LOAN FORGIVENESS.
>> YEAH.
I MEAN, I ALWAYS SAY THAT GOING
TO GRADUATE SCHOOL WAS THE
BIGGEST FINANCIAL MISTAKE I’VE
EVER MADE.
I THINK THAT HAD I KNOWN NOT TO
DO THAT, THAT WOULD HAVE BEEN
GOOD.
I TOOK OUT LOANS, AND I DON’T
THINK I GOT VERY MUCH OUT OF IT.
AND BIDEN’S PLAN TO SHIP INCOME
FROM THE WORKING CLASS, THE
PROFESSIONAL CLASS, SHOULD HAVE
NEVER BEEN APPROVED IN THE FIRST
PLACE.
IT’S INSANE THAT HE COMPARES
THIS TO PPP LOANS.
FIRST OF ALL, IT WAS THE
GOVERNMENT THAT CLOSED THE
BUSINESSES AND HAD TO GIVE THEM
THE PPP LOANS.
NOBODY FORCED ANYBODY TO GET AN
EXPENSIVE GRADUATE DEGREE OR A
LAW DEGREE, AND YOUR PLUMBERS
SHOULDN’T HAVE TO PAY FOR THAT
DEGREE.
IT’S JUST THAT SIMPLE.
KENNEDY: WELL, AND ALSO, THE PPP
LOANS, THE TOTAL PRESUMPTION
MAGNET, KEVIN.
>> OH, YEAH.
KENNEDY: THERE WAS NO VETTING
PROCESS.
>> OH, 100%.
KENNEDY: AND KAROL IS RIGHT IN
THAT THE GOVERNMENT SHUT DOWN
BUSINESSES, BUT THEN DID A
HORRIBLE JOB OF PUTTING THIS
PROGRAM TOGETHER, AND NOW WE ARE
BILLIONS AND BILLIONS IN THE
HOLE BECAUSE DEAD PEOPLE GOT
LOANS.
>> YEAH, KENNEDY.
AND WE’RE FINALLY GETTING SOME
ACCOUNTABILITY ON THAT FRONT
WITH THE DOJ RAMPING UP
INVESTIGATIONS INTO PPP LOAN
FRAUD AND PROSECUTING FOLKS AND,
HOPEFULLY, TRYING TO GET SOME OF
THAT MONEY BACK.
BUT I THINK YOU MADE SUCH AN
EXCELLENT POINT IN THAT WOMAN ON
THE STREET SEGMENT WITH JUST HOW
EXPENSIVE COLLEGE IS.
GOD BLESS THAT KID THAT IS
HAVING HIS PARENTS PAY FOR IT
AND, I THINK, SHINING A LIGHT
ESPECIALLY ON THAT DODGERS ’ FAN
WHO WENT TO TECHNICAL SCHOOL IS
SOMETHING WE SHOULD HOLD UP IN
OUR SOCIETY.
AND TRADE SCHOOLS ARE SO
FUNDAMENTALLY IMPORTANT AS ARE
COMMUNITY COLLEGES.
AND NOT EVERY KID HAS TO GO TO A
$50,000-A-YEAR LIBERAL ARTS
DEGREE COLLEGE.
ALREADY SO MANY JOBS ESPECIALLY
WITH THE INFRASTRUCTURE BILL,
CHIPS BILL WHERE WE NEED PEOPLE
BUILDING THINGS IN THIS COUNTRY
AND TO FOCUS ON TRADE SCHOOLS
AND AWAY FROM, YOU KNOW, THIS
FOUR-YEAR DEGREE BEING THE
EPITOME OF SOCIETY.
I THINK IT’S SO IMPORTANT IN
YOUR SEGMENT.
AND WHAT WE’VE TALKED ABOUT IN
THE PAST COUPLE OF YEARS SHINES
A LIGHT ON THAT, FOR SURE.
KENNEDY: YEAH, AND IT WAS
INTERESTING GETTING A
CROSS-SECTION OF PEOPLE HAVING
VERY DIFFERENT EXPERIENCES AND
DIFFERENT PER PERCEPTIONS OF
COLLEGES.
BUT THE DEMOCRATS ARE SAYING
EVERYONE HAS TO GO, LIKE, IT IS
OUR MORAL OBLIGATION TO SEND
PEOPLE TO COLLEGE BECAUSE IT IS
A GOOD IN AND OF ITSELF.
IT’S NOT.
I MEAN, THE FRAUD IS HAPPENING
WITH THE COLLEGES AND
UNIVERSITIES THAT HAVE NO
ACCOUNTABILITY, WHO ALLOW PEOPLE
TO TAKE OUT DEBT FOR MAJORS THAT
WILL EARN THEM ALMOST NO MONEY.
>> YEAH.
IT’S REALLY FRUSTRATING TO WATCH
THIS CYCLE JUST REPEAT AND
REPEAT AND REPEAT.
THEY’VE ALREADY PRETTY MUCH
DESTROYED K-12 EDUCATION IN THIS
COUNTRY, THEY’VE MADE THOSE
DEGREES ALL BUT WORTHLESS, AND
THOUSAND THEY WANT TO DO THE
SAME THING TO HIGHER EDUCATION.
AT THE END OF THE DAY, WE DON’T
NEED -- THE VAST MAJORITY OF THE
POPULATION -- TO GET THESE KINDS
OF DEGREES.
KEVIN’S ABSOLUTELY RIGHT, WE
NEED PEOPLE TO DO ACTUAL JOBS
THAT CAN DO ACTUAL LABOR AND GO
TO TRADE SCHOOLS, AND THAT
SHOULD BE ENCOURAGED.
WE NEED TO STOP STIGMATIZING
THOSE THINGS AND HELP PEOPLE
UNDERSTAND THE KINDS OF
OPPORTUNITIES THAT ARE OUT THERE
FOR HEM.
AND WE ALSO IMMEDIATE TO
ACTUALLY ADDRESS THE REASONS WHY
COLLEGE GOT SO EXPENSIVE IN THE
FIRST PLACE, AND THAT IS BECAUSE
THE GOVERNMENT GOT INVOLVED IN
THE FREE MARKET, STARTED
THROWING A TON OF MONEY INTO THE
SYSTEM.
IT REMOVED ALL ACCOUNTABILITY,
IT BASICALLY SAID ANYBODY CAN
TAKE OUT $50,000 A YEAR AND PAY
FOR THESE DEGREES THAT AREN’T
WORTH THAT IN THE MARKET.
IF YOU ACTUALLY HAD CAPITALISM
IN THE SYSTEM, VERY FEW PEOPLE
COULD AFFORD TO PAY 40, 50,000 A
YEAR FOR A COLLEGE CREE.
THAT MEANS -- DEGREE.
THE COLLEGES WOULD HAVE TO LOWER
THEIR RATES, CLOSE, AND THAT’S
NOT GOING TO HAPPEN BECAUSE
DEMOCRATS JUST WANT TO KEEP
TAKING OUR MONEY AND BASICALLY
GIVING CORPORATE WELFARE TO
THESE UNIVERSITIES AND
INSTITUTIONS.
IT MAKES ZERO SENSE.
LIT DO NOTHING -- IT WILL DO
NOTHING TO BRING THE COST DOWN,
AND IT WILL CONTINUE TO MAKE
COLLEGE MORE EXPENSIVE DOWN THE
ROAD.
IT’S AS -- IT’S ASININE.
IT MAKES NO SENSE.
KENNEDY: YES.
AND A GOOD FRIEND OF MINE
POINTED OUT THAT COLLEGES WITH
LARGE ENDOWMENTS ARE ESSENTIALLY
HEDGE FUNDS.
[LAUGHTER]
>> YES!
KENNEDY: IT IS A DIFFERENT TYPE
OF CORPORATE WELFARE, AND WE