OF THE LIZ?
ELIZABETH: HILLARY VAUGHN, THANK
YOU SO MUCH FOR YOUR REPORT.
JOINING US CONGRESSMAN DAN
MEUSER FROM HOUSE SMALL BUSINESS
AND FOX NEWS CONTRIBUTOR
LIZ PEEK.
CONGRESSMAN YOU HEARD THE
REPORT.
THE ESTIMATE OF THE COST IS NOW
TRIPLE.
THE PRESIDENT, PRESS SECRETARY
AGAIN TODAY ATTACKING GOP VOTERS
AS MAGA, SEMIFASCISTS.
IS THIS A DISTRACTION FROM HOW
UNFAIR THE BAILOUT IS?
>> HE IS REALLY THE
DIVIDER-IN-CHIEF, ISN’T HE?
HE DIDN’T THINK HE COULD BE MORE
INSULTING TO THE AMERICAN PUBLIC
AND MY CONSTITUENTS THAN THE
SO-CALLED INFLATION REDUCTION
ACT WHICH INCREASED INFLATION.
NOW COME ACROSS WITH THIS
FORGIVENESS PLAN ON PERHAPS AS
MUCH AS A TRILLION DOLLARS IN
LOANS.
CERTAINLY NO LIFE LESSONS
GETTING TAUGHT HERE, LIZ.
THIS THING IS A MORAL HAZARD BUT
FAR WORSE ARE SUBSTANTIVE IMPACT
IT IS GOING TO HAVE.
MY CONSTITUENTS ARE HOPPING MAD.
IN THE END THE IMPACT WILL BE
HIGHER INFLATION.
U PENN WHARTON 1.6 OR 7 ON TOP
OF THE 8% WE HAVE NOW.
IT IS INCREASING THE DEFICIT.
THINK ABOUT THE DISASTER FOR THE
COLLEGE LOAN PROGRAM MOVING
FORWARD.
ELIZABETH: WHAT THE CONGRESSMAN
JUST SAID, LIZ, WHAT THE
CONGRESSMAN JUST SAID, LIZ SAYS
THIS WILL HELP THE LOWER CLASS.
IT WON’T.
MANY DIDN’T GO TO COLLEGE.
NOW NOW THEY HAVE TO PAY FOR IT.
2/3 OF STUDENT DEBT IS OWNED BY
40% OF THE TOP HOUSEHOLDS
MBAs, EXECUTIVES.
WHAT DO YOU THINK OF THAT?
>> I THINK THAT IS WHO THE
DEMOCRATIC PARTY, LIZ.
JAMES CARVILLE CALLED THEM
DOOFUS COASTAL ELITES.
THAT IS KIND OF WHO IS IN CHARGE
HERE.
THE IDEA THAT THIS MIGHT WIN
BACK BLUE-COLLAR WORKERS, WASN’T
THAT SOMETHING THAT THE
DEMOCRATS WERE INTERESTED IN
JUST A COUPLE OF YEARS AGO?
BOY, IS THAT NOT GOING TO HAPPEN
HERE.
I THINK IT’S A DOUBLE PROBLEM.
NUMBER ONE, VOTERS ASSOCIATE ALL
THE BIG SPENDING PLANS WITH
INFLATION AND THEY’RE RIGHT.
THAT IS WHAT CAUSES INFLATION.
THAT IS WHAT CAUSED INFLATION,
DEMOCRAT BLOWOUT SPENDING
PROGRAMS.
NUMBER TWO, MOST OF THOSE VOTERS
ARE NOT GOING TO BENEFIT FROM
THIS.
I ACTUALLY THINK THIS IS AN
UNBELIEVABLY STUPID MOVE AND
YEAH, I MEAN BIDEN HAS TO
DISTRACT FROM IT.
EVEN HIS OWN PARTY, EVEN
ECONOMISTS IN HIS OWN PARTY ARE
REALLY WHOOPED UP ABOUT HOW A
TERRIBLE IDEA THIS IS.
SO I DON’T KNOW WHO IS THE
CONSTITUENCY IS.
ELIZABETH: VOTERS IN 13 STATES
WILL HAVE TO PAY STATE TAXES ON
A THIS BAILOUT.
IT IS NOT A FREE RIDE.
EVERYONE WILL HAVE TO PAY HIGHER
FEDERAL TAXES FOR THE BAILOUT
TOO.
NOW A MAJOR FIGHT HAS BROKEN OUT
AMONG TOP DEMOCRATS SAYING THIS
IS NOT A GOOD THING.
FIRST YOU SEE SENATOR
ELIZABETH WARREN AVOID AGAIN
ANSWERING IF THIS IS UNFAIR AND
OTHER DEMOCRATS SAY YEAH IT IS.
WATCH THIS.
>> I THINK A LOT ABOUT FAIRNESS
AND I THINK ABOUT HOW EDUCATION
DEBT IS DIFFERENT FROM OTHER
DEBT.
I LOOK AT IT THIS WAY, I WANTED
TO BE A PUBLIC SCHOOL TEACHER
FROM THE TIME I WAS IN SECOND
GRADE.
MY DADDY ENDED UP AS A JANITOR,
THERE WAS NO MONEY FOR ME TO GO
TO COLLEGE.
>> DURING THE PRESIDENTIAL I WAS
ONE SAID RICH KIDS, WE SHOULDN’T
BE PAYING FOR THEIR COLLEGE.
YOU CAN’T STAPLE A DIPLOMA FOR
FREE UNDER EVERYONE’S CHAIR.
WE NEED TO FOCUS ON
APPRENTICESHIPS AND HARD TO FILL
JOBS.
>> PEOPLE ARE GETTING CRUSHED
WITH INFLATION, GAS PRICES FOOD
PRICES ALL THE REST.
I THINK A TARGETED APPROACH
RIGHT NOW REALLY DOES SEND THE
WRONG MESSAGE, A LOT OF PEOPLE
OUT THERE MAKING 30, 40 GRAND A
YEAR THAT DIDN’T GO TO COLLEGE
AND THEY NEED HELP AS WELL.
>> DEMOCRATS, I’M A PROGRESSIVE.
I WANT TO HELP FOLKS.
I THINK THIS IS TERRIBLE POLICY.
ELIZABETH: PAUL BEGALA IS SAYING
THAT MONEY COULD HAVE GONE
TOWARD FREE PRE-K FOR 3 AND
4-YEAR-OLDS, PARENTS WORKING TWO
JOBS TO PAY FOR HIGHER
INFLATION, GAS, POSSIBLY HIGHER
TAXES.
>> IT WAS NOT TARGETED AS YOU
JUST SAID.
40% ARE, 40% OF UPPER ECHELONS
OF INCOME.
THIS THING IS A BAD CAMPAIGN
PROMISE GONE WORSE, RIGHT?
THEY ROLLED THIS OUT AND IN MY
VIEW TO MAKE GOOD TO ACADEMIA
FOR A PROMISE AND NOW THEY HAVE
GOT AN INITIATIVE THAT IS JUST,
GOING TO DO SOME REAL BAD THINGS
TO PUT IT MILDLY TO OUR ECONOMY.
IT IS ALREADY HAPPENING.
LOOK AT THE RESPONSE FOR
INTEREST RATES.
INFLATION WILL CONTINUE TO GO
UP.
WHAT IS WORSE, IT IS NOT A FIX.
WE’RE BAILING THE BOAT, NOT
FIXING THE HOLE IN THE BOTTOM.
ELIZABETH: TO WHAT THE
CONGRESSMAN JUST SAID, LIZ,
SENATOR ELIZABETH WARREN SAYS
THAT DEMOCRATS DO HAVE PLANS ON
THE TABLE FOR A BILL ABOUT
QUOTE, TRANSPARENCY ON COLLEGE
COSTS.
LIZ, YOU I AND THE CONGRESSMAN
HAVE TALKED ABOUT THE MIDDLE
CLASS ALREADY KNOW ABOUT THIS
THEY HAVE BEEN DEALING WITH
TUITION GOUGING FOR GENERATIONS
THIS IS A BAILOUT FOR THE
CORRUPT COLLEGE INDUSTRY.
YOU KNOW, IT IS, WHERE IS THE
RICO ACT FOR RAKETEERING AND
ANTITRUST ACTIONS?
RAISING TUITION AT THE SAME
LEVELS IN LOCKSTEP?
>> LOOK, LIZ, THE WHOLE SYSTEM
IS A MESS, RIGHT?
WE SHOULD GO BACK TO PRIVATE
LENDING.
THE GOVERNMENT SHOULD NEVER HAVE
BEEN PUT IN THIS POSITION WHERE
THEY’RE BASICALLY FUNNELING
TRILLIONS OF DOLLARS INTO A
COLLEGE EDUCATION SYSTEM AND
DEMANDING NOTHING IN RETURN.
THAT’S THE PROBLEM.
THERE IS NO ACCOUNTABILITY.
SO YOU CAN SPEND A FORTUNE
GETTING A PhD AS RON DESANTIS
SAID IN GENDER STUDIES.
WHO IS TO SAY NO?
THERE SHOULD BE SOME REGULATOR
OF WHERE THIS MONEY GOES,
WHETHER IT IS PRODUCTIVE,
ET CETERA, ET CETERA.
I MEAN THE LIBERALS ARE
COMPLETELY HAPPY TO BEAR DOWN ON
PRIVATE SCHOOLS AND CHARGE THOSE
SCHOOLS WITH NOT MAKING GOOD ON
THEIR PROMISES AND NOT MAKING
GOOD USE OF THE MONEY.
WHAT ABOUT THE ENTIRE UNIVERSITY
SYSTEM?
I MEAN THERE IS NO
ACCOUNTABILITY AND BECAUSE THE
GOVERNMENT TOOK OVER STUDENT
LENDING THERE IS ABSOLUTELY ZERO
RECOURSE.
I MEAN THIS IS, IT IS A MESS AND
REALLY SHOULD BE UNWOUND.
ELIZABETH: LIZ, CONGRESSMAN, I
WOULD LIKE YOUR FINAL WORD ON
THIS, TIM RYAN, BELIEVED TO BE
IN A VULNERABLE SPOT.
HE MADE A GOOD POINT THOUGH ONE
OF OUR BIGGEST MISTAKES AS A
NATION TO WIPED OUT SHOP TRADES,
SCHOOLS THAT WERE TEACHING HOW
TO BE A PLUMBER OR ELECTRICIAN.
THAT REALLY HITS THE MIDDLE
CLASS AND BLUE COLOR WORKER HARD
TO HAVE TO PAY FOR THE BAY
BAILOUT.
YOUR WORD ON THAT, CONGRESSMAN
AND THEN YOU LIZ.
>> CAREER TECHNICAL SCHOOLS ARE
BOOMING IN MY DISTRICT FOR GOOD
REASON.
THEY’RE DEVELOPING SKILLS, THESE
YOUNG PEOPLE, GOING RIGHT INTO
THE WORKFORCE WITHOUT ANY DEBT.
SOMETIMES THEY DO HAVE SOME
DEBT.
THIS INITIATIVE DOES NOT PAY
THAT OFF THROUGH THE CTI SCHOOLS
AND THEY’RE NOW TAXPAYERS STUCK
PAYING OFF THOSE WHO WENT TO
COLLEGE AND WOULDN’T WORK TO PAY
IT OFF.
ELIZABETH: GOT IT.
LIZ PEEK, YOUR FINAL WORD?
>> LET’S LEAVE IT AT THIS.
IT IS UNFAIR AND PEOPLE WHO ARE
WORKING HARD TO PAY OFF THEIR
LOANS OR PUT THEIR KIDS THROUGH
COLLEGE AND PLAYING BY THE
RULES, THEY GET COMPLETELY
MESSED UP BY THIS.
I THINK THAT’S HORRIBLE.
AND YES, VOCATIONAL SCHOOLS IS A
VERY GOOD ALTERNATIVE.
THEY SHOULD HAVE BEEN INCLUDED.