JEDEDIAH: PROGRESSIVES ARE
AIMING TO TEACH PRESIDENT BIDEN
A LESSON ON STUDENT LOAN DEBT.
>> THERE IS VERY LITTLE THAT THE
PRESIDENT COULD DO WITH THE
FLICK OF A PEN THAT WOULD BOOST
OUR ECONOMY MORE THAN CANCELING
$50,000 IN STUDENT DEBT.
>> CANCELING STUDENT LOAN DEBT
IS THE SINGLE MOST EFFECTIVE
EXECUTIVE ACTION THAT PRESIDENT
BIDEN CAN TAKE.
>> HOPE HE USES HIS EXECUTIVE
AUTHORITY TO MOVE TOWARDS FULL
STUDENT DEBT CANCELLATION.
WILL: THEIR DEMANDS MAY BE
WORKING PRESS SECRETARY GENERAL
PSAKI SAYS THE WHITE HOUSE IS
QUOTE REVIEWING WHETHER THERE
ARE ANY STEPS BIDEN CAN TAKE
THROUGH EXECUTIVE ACTION.
HE WOULD WELCOME THE OPPORTUNITY
TO SIGN A BILL SENT TO HIM BY
COMING.
PETE: SO WHERE DOES THAT LEAVE
STUDENT?
CAMPUS REFORM CORRESPONDENT
UNIVERSITY OF FLORIDA STUDENT
OWE FILL I CAN’T JACOBSON JOINS
US NOW.
OWE FILL I CAN’T, THANK YOU FOR
BEING HERE.
PREVIOUSLY THE BIDEN
ADMINISTRATION SAYS WE DON’T
THINK WE HAVE THE POWER.
WHAT WOULD IT MOAN FOR YOU AND
OTHERS WHO DECIDED TO PAY FOR
SCHOOL WE ARE GOG RERACE
EVERYONE’S STUDENT DEBT.
>> I ATTEND THE UNIVERSITY OF
FLORAL.
>> IT’S A PUBLIC IN STATE
UNIVERSITY AND I CHOSE TO STAY
IN STATE TO AVOID PAYING STUDENT
LOANS.
I KNOW KNEW GOING COUNSEL THE
ROAD I DIDN’T WANT TO PAY OFF
THE LOANS IN THE FUTURE HAD THE
OPPORTUNITY TO ATTEND A PRIVATE
OUT-OF-STATE UNIVERSITY THAT WOULD HAVE COST ME HAD UPWARDS
WOULD HAVE COST ME HAD UPWARDS
OF $80,000 A YEAR IN IT DOES
RAISE THIS QUESTION OF FAIRNESS.
WHY SHOULD I HAVE TO PAY FOR THE
STUDENT LOANS OF OTHERS WHO
VOLUNTARILY CHOSE TO GO TO A
MORE SPECIFIC SCHOOL.
IT’S UNFAIR FOR ME AND OTHER
COLLEGE STUDENTS WHO ARE IN THE
SAME SITUATION.
JEDEDIAH: OPHELIA, LET’S LOOK AT
THE NUMBERS.
U.S. STUDENT DEBT AS OF 020.
$1.5 TRILLION HELD BY
42.9 MILLION AMERICANS.
THAT IS A LOT OF MONEY WE ARE
TALKING ABOUT.
BUT YOU WROUGHT UP THE ISSUE OF
FAIRNESS.
AND YOU HAVE A LOT OF PEOPLE
THAT MADE DECISIONS LIKE
YOURSELF TO NOT INCUR STUDENT
DEBT.
BUT THEY HAVE OTHER FORMS OF
DEBT.
PEOPLE HAVE MORTGAGES.
PEOPLE HAVE OTHER DEBT.
NOW SHOULD WE JUST FORGIVE ALL
OF THAT?
WHERE DO YOU DRAW THE LINE AND
HOW DO YOU MAKE IT FAIR TO
EVERYONE AND NOT JUST TO ONE
PERSON WHO MADE ONE SET OF
DECISIONS VERSUS ANOTHER WHO
MADE ANOTHER SET OF DECISIONS?
>> EXACTLY.
AND I MEAN YOU HEARD ELIZABETH
WARREN SAYING THAT THIS IS THE
MOST EFFECTIVE ACTION THAT
PRESIDENT BIDEN CAN TAKE TO KICK
START THE ECONOMY.
BUFF WHAT SHE ISN’T CONSIDERING
IS THE TYPE OF EXAMPLE THIS
WOULD GIVE TO THE FUTURE
GENERATION OF TAXPAYERS.
THAT THE LEADERSHIP INSTITUTE
CAMPUS REFORM WE RECOGNIZE HOW
THIS CAN LEAD TO A SLIPPERY
SLOPE.
IF WE’RE JUST WILLING TO CANCEL
STUDENT LOAN DEBT LIKE YOU
MENTIONED.
WHY CAN’T WE CANCEL CREDIT CARD
DEBT, MORTGAGE PAYMENTS.
LEADS TO SLIPPERY SLOPE.
COMES AT THE END OF THE DAY
PEOPLE NEED TO LEARN THAT
THEY’RE RESPONSIBLE FOR THEIR
OWN DECISIONS.
THEY HAVE NEED TO LEARN THIS
LESSON YOUNG, PREFERABLY BEFORE
THEY ENTER COLLEGE AND TAKE OUT
ALL OF THOSE LOANS UNFORTUNATELY
WE HAVE A GENERATION OF COLLEGE
STUDENTS WHO THINK THAT
EVERYTHING IN LIFE IS JUST
HANDED TO THEM ON A SILVER
PLATTER WHEN IN REALITY THAT’S
NOT REALLY HOW IT WORKS.
WILL: YOU ARE EXACTLY RIGHT, OWE
FEELIA, WHAT IS THE ARGUMENT FOR
STUDENT LOAN DEBT OVER ANY OTHER
KIND OF DEBT.
AS WE MOVE FORWARD I WOULD GUESS
ANY CONTINGENCY OR GROUP OUT
THERE WOULD HAVE THE SAME CASE
TO MAKE ABOUT HAVING THEIR DEBT
CANCELED.
ONE MORE I KNOW YOU DON’T HAVE
THE ANSWERS TO THESE BECAUSE
THERE ARE NO ANSWERS TO THESE
TYPE OF QUESTIONS IS THIS A ONE
TIME FORGIVENESS?
ROLLING?
WHAT ABOUT FUTURE COLLEGE
STUDENTS?
WILL COLLEGE BE COMPLETELY FREE?
HOW DOES THAT WORK?
>> EXACTLY, AGAIN, IT ALL COMES
DOWN TO THE QUESTION OF FAIRNESS
THAT UNFORTUNATELY A LOT OF
COLLEGE STUDENTS AREN’T
CONSIDERING.
I TALKED TO DOZENS OF COLLEGE
STUDENTS ON CAMPUSES THEY ALL
SEEM TO SUPPORT THIS PLAN BE BUT
THEY DON’T KNOW THE ANSWERS TO
THOSE QUESTIONS.
WHAT KIND OF PRECEDENT WOULD
THIS SEND TO FUTURE GENERATIONS
THEY DON’T KNOW SIMPLE FACTS
SUCH AS HOW MUCH WOULD IT COST?
WHO WOULD BE PAYING FOR THIS IN
THEY DON’T KNOW STUDIES HAVE
SHOWN THIS WOULD ACTUALLY
BENEFIT WEALTHY AMERICANS THE
MOST.
WE HAVE RECOGNIZED THIS IS A
TREND THAT MANY COLLEGE STUDENT
ARE JUST JUMPING BEHIND A
MOVEMENT.
JUMPING BEHIND A PLAN SUCH AS
CANCELING STUDENT LOAN DEBT AND
THEY DON’T KNOW THE FULL
PICTURE.
IT’S PARTLY DUE TO THE FACT THAT
MANY PROGRESSIVES, MANY
POLITICIANS ARE LEAVING THESE
PIECES OF INFORMATION OUTSIDE OF
THEIR PROPAGANDA WHEN THEY ARE
PUSHING CANCELING STUDENT LOAN
DEBT ON OUR YOUTH.
>> THANK YOU FOR HIGHLIGHTING