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Biden Spends Billions to BUY VOTES w Your Tax Dollars · The Ben Ferguson Podcast

0:01
Speaker 1: Buying votes? What does it cost to buy votes in America? Well,
0:05
Speaker 1: the White House announced that they're going to spend seven
0:07
Speaker 1: point seven billion dollars of your money to buy votes
0:12
Speaker 1: this summer ahead of the election.
0:14
Speaker 2: How are they going to do it? Take a listen.
0:16
Speaker 3: White House is announcing another seven point seven billion dollars
0:20
Speaker 3: in student loan debt relief. It's going to impact one
0:23
Speaker 3: hundred and sixty thousand borrowers in three different groups. Those
0:26
Speaker 3: who are getting public service loan forgiveness, those signed up
0:30
Speaker 3: for the Safe Plan, and those receiving forgiveness on income
0:34
Speaker 3: driven repayment plans.
0:36
Speaker 1: Now, let me explain how that breakdown is going to happen.
0:40
Speaker 1: Five point two billion of your tax dollars is going
0:42
Speaker 1: to go to lazy borrowers public service loan forgiveness. So
0:46
Speaker 1: you signed up, you went to as college? It cost
0:49
Speaker 1: you too much? You you know, you went to university.
0:52
Speaker 1: Maybe you couldn't afford. Who cares? Because now everybody else
0:55
Speaker 1: is going to pay for this? And who are you
0:57
Speaker 1: going to vote for? Joe Biden? Then six hundred and
1:00
Speaker 1: thirteen million for borrowers these quote Save Plan, Who are
1:05
Speaker 1: they going to vote for? Joe Biden, and finally just
1:08
Speaker 1: a measly one point nine billion for borrowers on the
1:11
Speaker 1: income driven retirement So people that refuse to pay out
1:16
Speaker 1: their student loans be responsible. People that have iPhones and
1:19
Speaker 1: every other gadget in the world but don't want to
1:22
Speaker 1: pay out their student loans because now they're going to
1:24
Speaker 1: be forgiven by the president.
1:26
Speaker 2: It's called buying votes.
1:29
Speaker 3: The president's administration says this move needed to be made,
1:32
Speaker 3: but others disagree.
1:35
Speaker 4: We actually had a much more ambitious plan, but there
1:38
Speaker 4: were forces working against that. So then the President said, well,
1:42
Speaker 4: I'm going to go and do it on my own
1:44
Speaker 4: to the extent I can, without Congress or without the
1:48
Speaker 4: court supporting.
1:48
Speaker 5: This court stepped in, as you noted, but this is
1:51
Speaker 5: a lawless president who's trying to buy votes and again
1:54
Speaker 5: thinks that the American taxpayer should provide free college. So
1:58
Speaker 5: he's trying to buy votes for the upcome election, just
2:00
Speaker 5: like he did last year. It's going to fail, but
2:03
Speaker 5: he's going to continue to try it.
2:06
Speaker 3: The slightest move brings the total amount of for given
2:09
Speaker 3: student loans from one hundred and sixty seven billion dollars.
2:13
Speaker 1: One hundred and sixty seven billion dollars.
2:19
Speaker 2: This is just the tip of the iceberg.
2:21
Speaker 1: I'm going to tell you even more about how this
2:23
Speaker 1: plan apparently is going to work in just a second.
2:26
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Speaker 1: slash Ben. Now, Biden approving the seven point seven billion
4:19
Speaker 1: a new student loan handouts is massive. He is doing
4:22
Speaker 1: this even though the court said you can't actually do
4:25
Speaker 1: this right. This is something you're not supposed to be
4:27
Speaker 1: able to do.
4:29
Speaker 2: But when you're.
4:29
Speaker 1: Buying votes, you got to figure out a way to
4:32
Speaker 1: buy them. So how do you do it? This is
4:34
Speaker 1: how you do it. You say, I'm gonna do it anyway.
4:37
Speaker 1: I'm gonna go around Congress. I'm gonna go around the courts.
4:41
Speaker 1: If it gets struck down, it doesn't matter. The money's
4:43
Speaker 1: already gone out there, and I can do whatever the
4:45
Speaker 1: hell I want to do because I'm the President of
4:47
Speaker 1: the United States of America. And the timing of this
4:50
Speaker 1: is right before the first debate we're gonna have coming
4:52
Speaker 1: up in a little over a month. He wants to
4:55
Speaker 1: be able to look at the American people and say,
4:56
Speaker 1: I just paid off your student loan debt. So you
4:59
Speaker 1: guys should be ex that I just did this right,
5:03
Speaker 1: that this is amazing. And the White House was asked
5:07
Speaker 1: a little bit about like debt in general today on
5:09
Speaker 1: this I want you to hear what the White House
5:11
Speaker 1: Press secretary had to say.
5:12
Speaker 6: Then, is the White House's message to those Americans who
5:16
Speaker 6: did not attend college for a variety of reasons, perhaps
5:19
Speaker 6: including perhaps that they didn't want to take on all
5:21
Speaker 6: the death that went with it. Right now that they
5:23
Speaker 6: feel like, in some form they are responsible for allowing
5:26
Speaker 6: those who did not to pay their fair share.
5:28
Speaker 7: So look, here's the thing. This is a president who
5:30
Speaker 7: has been very clear about making sure that he's building
5:33
Speaker 7: an economy that leaves no one behind, right, making sure
5:37
Speaker 7: that they.
5:37
Speaker 6: Left behind the ones who didn't get support because they
5:40
Speaker 6: didn't know a college.
5:40
Speaker 7: I hear your question, but this is if you look
5:42
Speaker 7: at what the president has done all holistically over the
5:44
Speaker 7: past three and a half years, he has tried to
5:46
Speaker 7: build an economy for everyone.
5:48
Speaker 1: You notice what she just said there. Yeah, we're screwing
5:51
Speaker 1: the people that were responsible. Yeah, we're screwing the people
5:54
Speaker 1: that decided not to go to college because they couldn't
5:56
Speaker 1: afford it and they got left behind. Yeah, they're paying
5:59
Speaker 1: for somebody else else's loans. But don't worry. This president
6:03
Speaker 1: has a holistic approach, right, a holistic approach. That's what
6:09
Speaker 1: he's got, a holistic approach.
6:13
Speaker 2: There's also another word that they keep using.
6:15
Speaker 1: I'm talking about the left and the media and the
6:17
Speaker 1: president right in Jean Pierre, and they keep saying we're
6:21
Speaker 1: going to cancel student loan debt.
6:23
Speaker 2: They're not canceling any debt. The debt's being paid.
6:26
Speaker 1: The debt is being paid by the taxpayers who are
6:28
Speaker 1: paying the bill. There is no student loans that are
6:32
Speaker 1: being canceled. You're transferring the debt from one person to another.
6:37
Speaker 1: If I cancel someone's debt, what that means is that
6:41
Speaker 1: no one's paying the debt, right that you would eat it, Well,
6:43
Speaker 1: no one's eating this because the American taxpayer is the
6:48
Speaker 1: one that is now inheriting billions and billions of dollars
6:53
Speaker 1: of student loan debt.
6:55
Speaker 2: And they tell you, no, no, it's canceled. No it's not.
6:58
Speaker 1: If you were canceling the debt, no one would ever
7:00
Speaker 1: pay the bill on the debt. You're just taking the
7:03
Speaker 1: debt out of a out of an individual's name, and
7:06
Speaker 1: instead of one person paying that debt, you have a conglomerate,
7:09
Speaker 1: which is the American taxpayers that are now paying that debt.
7:13
Speaker 1: Nothing is being canceled, but the White House continues to
7:16
Speaker 1: push this law.
7:16
Speaker 2: I listen.
7:17
Speaker 7: Today we announced that the Biden Harris Administration cancels student
7:20
Speaker 7: debt for an additional one hundred and sixty thousand people,
7:23
Speaker 7: meaning four point seventy five million.
7:25
Speaker 1: Americans, Meaning that four point million Americans are going to
7:29
Speaker 1: now have student loan debt that is going to be canceled.
7:33
Speaker 2: And we are so very proud of this moment.
7:36
Speaker 1: In time, I go back to what I said at
7:38
Speaker 1: the very beginning, there is only one reason why they're
7:41
Speaker 1: doing this right now, and that is it's a very
7:44
Speaker 1: simple reason. They are trying to buy votes. That is
7:49
Speaker 1: all this is is buying votes. And yes, the White
7:53
Speaker 1: House admitting that this is an outreach, but they say
7:56
Speaker 1: they want Americans to feel like there is some sort
8:01
Speaker 1: of success here, right. They want Americans to feel like
8:05
Speaker 1: this is good for all Americans, that everybody should come
8:08
Speaker 1: together and be proud to pay off everyone else's student
8:11
Speaker 1: loan debt. And if you didn't go to college because
8:13
Speaker 1: you couldn't afford it, don't worry. We've got a holistic approach,
8:17
Speaker 1: so you should be happy that your dollars are now
8:19
Speaker 1: going to pay off someone else's student loan debt who
8:23
Speaker 1: refused to pay it off. I'm mad by the way
8:25
Speaker 1: I paid off my student loan debt. When I was
8:28
Speaker 1: twenty years old, I got a book deal and William
8:31
Speaker 1: Morrow gave me my book deal under HarperCollins, and I
8:34
Speaker 1: got my first check.
8:35
Speaker 2: And I did two things.
8:36
Speaker 1: I paid the taxes, and the very next thing I
8:39
Speaker 1: did was I called ed South Financial.
8:41
Speaker 2: I'll never forget it. I called them.
8:43
Speaker 1: I was like what do I owe? I want to
8:44
Speaker 1: pay it off? And they're like, you owe money. I'm
8:47
Speaker 1: like yeah, I want like like like what do I owe?
8:51
Speaker 1: Tell me what I owe? I want to know what
8:54
Speaker 1: I owe and I want to pay it off. They're like,
8:55
Speaker 1: well we can. You know, you've got a low interest rate.
8:58
Speaker 1: You may not want to pay it. I'm like, no,
8:59
Speaker 1: I don't want the student loan debt. I did it
9:01
Speaker 1: at twenty years old. I could have gone out and
9:03
Speaker 1: bought a cool car or a watch, or blown it on,
9:06
Speaker 1: whatever the crap you want to blow it on at
9:08
Speaker 1: twenty years old. But I didn't because I was a
9:12
Speaker 1: responsible individual, a very young adult. And now I get
9:17
Speaker 1: screwed again because of the Biden Hairs administrations. Like we're
9:21
Speaker 1: desperate for votes, all right, let's buy them from people
9:24
Speaker 1: to have student loan debt. We're gonna spend seven this
9:27
Speaker 1: This is nothing. This is an in kind contribution to
9:30
Speaker 1: the campaign Biden. Here is for president. They just raised
9:33
Speaker 1: seven point seven billion dollars to pay off the student
9:37
Speaker 1: loan debt from the taxpayers to buy votes. There's also
9:41
Speaker 1: if you take a step back and and just move
9:45
Speaker 1: away from the the very clear point that yes, they're
9:48
Speaker 1: buying votes. Why are they having to do this because
9:52
Speaker 1: they have nothing they can run on. Joe Biden cannot
9:55
Speaker 1: run on Bidenomics. He cannot run on foreign policy, he
10:00
Speaker 1: cannot run on national security. He cannot run on being
10:03
Speaker 1: god that doesn't get us into wars, and there's multiple
10:05
Speaker 1: wars that are breaking out around the world. He can't
10:08
Speaker 1: say that he's secured the border, and he can't say
10:11
Speaker 1: he's kept the prices of goods and services down with
10:13
Speaker 1: inflation through the roof. So when everything that you've done
10:18
Speaker 1: as president has turned into a massive failure, a massive failure,
10:27
Speaker 1: this is what you have to do to try.
10:28
Speaker 2: To win election.
10:29
Speaker 1: You try to lock up your political opponent, and Donald
10:32
Speaker 1: Trump they're obviously trying to do that right now. You
10:35
Speaker 1: put a kill order to maybe kill the president when
10:38
Speaker 1: you go raid mar Lago.
10:39
Speaker 2: Right, that happened. We haven't gotten to that yet.
10:42
Speaker 1: That happened, right there was literally, Oh yeah, you can
10:45
Speaker 1: use deadly force if Donald Trump and his goons aren't
10:47
Speaker 1: doing what you wanted to do, including the Secret Service.
10:50
Speaker 1: So you could add a gun battle between the FBI
10:52
Speaker 1: and the Secret Service protecting the president because they gave
10:55
Speaker 1: a order that yeah, you can use deadly force. Who
10:57
Speaker 1: gave that order, the Attorney General of the United States America,
11:00
Speaker 1: Americ Garland.
11:00
Speaker 2: So let's take them out of Marlogo.
11:02
Speaker 1: If that didn't work, we'll throw them in court cases
11:04
Speaker 1: and throw them in jail that way. If that doesn't
11:06
Speaker 1: work and take them out, then I find we'll pay
11:08
Speaker 1: off student loan debts. That should buy us one hundred
11:10
Speaker 1: and sixty thousand plus votes. Now the math on one
11:13
Speaker 1: hundred and sixty thousand, You also need to understand it's
11:16
Speaker 1: not just the one hundred and sixty thousand, because of
11:19
Speaker 1: one hundred and sixty thousand that they're forgiving debt all
11:23
Speaker 1: almost all of those, probably ninety nine point nine percent
11:26
Speaker 1: of them are eligible to vote, all right, and they
11:29
Speaker 1: know that are probably many the majority of them are
11:31
Speaker 1: probably registered to vote, and so they understand that. So
11:35
Speaker 1: this is a you know, you're not forgiving debt of
11:38
Speaker 1: people who can't vote, right, Like you're doing this brilliantly.
11:44
Speaker 1: You're like, hey, let's really only get rid of the
11:46
Speaker 1: debt of people that we know are over the age
11:48
Speaker 1: of eighteen that can vote, right. That would be college students,
11:51
Speaker 1: because if you're in college nine nine point nine to
11:54
Speaker 1: nine percent of you are over the age of eighteen,
11:57
Speaker 1: so this is smart vote by. And then there's the
12:01
Speaker 1: law we call it in politics, the law of twos.
12:04
Speaker 2: And then there's a law of fours, the law of six.
12:06
Speaker 2: So let me explain that.
12:08
Speaker 1: But first I want to take a quick moment to
12:10
Speaker 1: talk to you real quick about your retirement and inflation
12:13
Speaker 1: and the eroding of the power of the dollar. Right now,
12:16
Speaker 1: inflation is well above what the Fed's target rate is.
12:21
Speaker 1: You know what's happened. Consumer prices are much higher than
12:24
Speaker 1: they were last year, or the year before and the
12:26
Speaker 1: year before that. That's why all of us need a
12:29
Speaker 1: financial plan that ensures that money that we save today
12:32
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12:34
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12:39
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12:41
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12:44
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13:09
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14:02
Speaker 1: of the one hundred and sixty thousand people that are
14:04
Speaker 1: gonna get a letter from Joe Biden saying I paid
14:07
Speaker 1: off your student loans, the mass majority of them are
14:10
Speaker 1: probably either living with somebody or married, so Now you
14:15
Speaker 1: bought two votes, so you're one sixty just doubled goes
14:19
Speaker 1: to three twenty. So now you've just bought three hundred
14:21
Speaker 1: and twenty thousand votes. But then you have the laws
14:25
Speaker 1: of fours in politics, which is okay. So we've touched
14:27
Speaker 1: the person that had the issue. Then we've touched the
14:30
Speaker 1: direct loved one of the person had the issue. Right,
14:33
Speaker 1: that's the that's the boyfriend, the girlfriend, the best friend,
14:35
Speaker 1: the married.
14:36
Speaker 2: And then you go to the family.
14:38
Speaker 1: So you're sitting around dinner over the over the weekend
14:41
Speaker 1: coming up right, holiday weekend, Memorial Day weekend, and you're
14:44
Speaker 1: sitting around the table.
14:45
Speaker 2: With your family.
14:46
Speaker 1: You're gonna be able to pick up a couple more
14:48
Speaker 1: supporters because you're you're a little timmy. And then little
14:50
Speaker 1: Susie walk in. They're like, Mom, Dad, Grandpa, grandma, guess
14:54
Speaker 1: what I just got my student loans forgiven. Well you
14:59
Speaker 1: should say, hey, mom and dad, you just paid off
15:01
Speaker 1: my student loans. Thank you, all your friends, all everybody
15:05
Speaker 1: pays taxes like I got lucky.
15:07
Speaker 2: You guys got screwed. But of course that's not the
15:11
Speaker 2: conversation that's going to be hat.
15:13
Speaker 1: So now you've got a table that just goes, Oh
15:15
Speaker 1: my gosh, are you serious. Yeah, I had sixty thousand
15:17
Speaker 1: dollars in student loan debt or fifty or forty or
15:19
Speaker 1: thirty or twenty or whatever the number is, and it
15:22
Speaker 1: just disappeared. Man, I like this, Joe Biden, guy, Hey,
15:24
Speaker 1: you just took away my son's debt, my daughter's debt,
15:27
Speaker 1: my granddaughter's debt, my grandson. So now you got the
15:29
Speaker 1: law of fours, which has gone from the original two
15:31
Speaker 1: to another two that then can jump into eight.
15:34
Speaker 2: And now you've got a whole family.
15:35
Speaker 1: It's like, all right, well look you just you know,
15:38
Speaker 1: imagine you've got two grandkids, this happens too, or two kids.
15:41
Speaker 1: Now you're talking about six figures of debt forgiveness in
15:45
Speaker 1: your family. So now you didn't just buy one hundred
15:49
Speaker 1: and sixty thousand votes. You could buy millions of votes
15:55
Speaker 1: by just spending seven point seven billion dollars of taxpayer
15:58
Speaker 1: money to pay off this debt. I want you to
16:02
Speaker 1: hear what a doctor had to say about this. There
16:06
Speaker 1: is a doctor. Representative Greg Murphy's Republican for North Carolina.
16:10
Speaker 1: He went on Fox Business Channel was asked about the
16:13
Speaker 1: student loan forgiveness as a doctor, right, Doctors go to
16:15
Speaker 1: a lot of school, They take on a lot of debt.
16:17
Speaker 2: Listen to what he said.
16:18
Speaker 8: Noowhouse Ways and Means Committee Member North Carolina Congressman Greg Murphy, Congressman,
16:23
Speaker 8: you're a doctor. You must have went to a ton
16:25
Speaker 8: of school. You probably had a lot of student loans.
16:28
Speaker 8: And we're all glad you went to school, and we're
16:30
Speaker 8: glad you could take out those loans. But it doesn't
16:32
Speaker 8: sound like a lot of Americans want to pay those
16:35
Speaker 8: loans back for you. And yet the government saying it's
16:39
Speaker 8: a top priority for them.
16:41
Speaker 9: Why, well, it's Kamala saying that, and it's President Biden
16:45
Speaker 9: saying that.
16:45
Speaker 2: Yeah.
16:45
Speaker 9: You know, when guys, we grew up in a day
16:47
Speaker 9: when you signed on the dotted line and you said
16:49
Speaker 9: you were going to do something, it meant something. The
16:52
Speaker 9: mind administration has pushed that to the whim. And you
16:54
Speaker 9: hear I had Kamala. She just said, we're going to
16:56
Speaker 9: go around Congress and the courts because we know that
16:58
Speaker 9: this is unconstant.
17:00
Speaker 2: I think to this point, over over.
17:02
Speaker 9: A trillion dollars, and here you have eighty seven percent
17:05
Speaker 9: of the individuals who don't have student loans paying for
17:08
Speaker 9: thirteen percent or due who by the way, the majority
17:11
Speaker 9: come from up their upper earning income individuals. So it's
17:16
Speaker 9: not something I think America has an appetite for.
17:19
Speaker 10: And when it comes to the Fox News poll, only
17:22
Speaker 10: forty three percent right now care about the repayment of
17:26
Speaker 10: student loans as their top issue. Really grossery prices eighty
17:29
Speaker 10: nine percent say that's their top issue. And so you
17:32
Speaker 10: think about this, and you think about the Body administration
17:35
Speaker 10: and all the promises they made that they did not
17:38
Speaker 10: follow through with and even broke in many ways, for
17:42
Speaker 10: example inflation and the prices that we're seeing at the store.
17:46
Speaker 10: So I come back to this student loan issue and
17:48
Speaker 10: I think to myself, they just want to jam it
17:50
Speaker 10: through so at least they can say that they were
17:53
Speaker 10: able to do something.
17:56
Speaker 9: Yeah, but when you add another trillion dollars to the debt,
17:58
Speaker 9: and yeah, you run a try buying young voters gives
18:01
Speaker 9: good Lord with the October seventh massacre, now the young
18:05
Speaker 9: Democratic vote is split, so he's trying to go back
18:07
Speaker 9: and buy these things. This is what's happened with this administration.
18:10
Speaker 9: Guy's plain and simple. Everything's political despite its harm to
18:14
Speaker 9: the economy, harm to our deficit, and it's not going
18:17
Speaker 9: to have a good ending. And again, America doesn't want this.
18:19
Speaker 9: I was surprised that those numbers that you just cited.
18:22
Speaker 9: I don't know anybody who feels that they should have
18:24
Speaker 9: their loans forgiven, just written off so or some poor
18:27
Speaker 9: plumber who never went to school would have to pay
18:29
Speaker 9: him well.
18:30
Speaker 1: The point he made there by the way, he's absolutely right.
18:35
Speaker 1: The president of the United States of America is in
18:37
Speaker 1: deep trouble with these students that are angry with him
18:41
Speaker 1: for his stance early on to stand by Israel. And
18:45
Speaker 1: they're fundamentalists, they're radicals, they're pro Hamas, they're pro terrorists,
18:50
Speaker 1: Marxists and communists and socialists on these college campuses, and
18:56
Speaker 1: they hate that Joe Biden has done anything to help Israel.
19:00
Speaker 1: They're enraged that Joe Biden has given any support to Israel.
19:05
Speaker 2: And they're not backing down.
19:08
Speaker 1: And so now you've got a president that has got
19:12
Speaker 1: to figure out, all right, how do I literally buy
19:15
Speaker 1: the votes that I may be losing. Because part of
19:18
Speaker 1: what I do think he understands is this he understands
19:23
Speaker 1: very clearly, or at least his campaign does I'm not
19:27
Speaker 1: sure he understands much, to be honest with you, but
19:29
Speaker 1: his campaign understands very clearly this.
19:32
Speaker 2: We have got to make sure.
19:35
Speaker 1: That those students who are not going to show up
19:37
Speaker 1: for as this time are replaced with other people that
19:40
Speaker 1: may actually stand up and vote for us that we
19:45
Speaker 1: wouldn't have gotten originally to replace them. So this is
19:49
Speaker 1: how we do it. And we don't care. You notice
19:53
Speaker 1: this goes back to the issue of lawlessness. They do
19:56
Speaker 1: not care that they're breaking the law by doing this.
20:01
Speaker 1: They do not care that they're screwing the American taxpayer
20:04
Speaker 1: by doing this.
20:05
Speaker 2: They do not care at all.
20:11
Speaker 1: Like, they don't care, folks. It's just about winning. It's
20:17
Speaker 1: about winning at all costs.
20:20
Speaker 2: Like this is.
20:21
Speaker 1: And look, they understand that things don't look good for
20:24
Speaker 1: them as a Democratic Party right now.
20:25
Speaker 2: I'll give you an example.
20:27
Speaker 1: CNN posted the lowest rated week in prime time last
20:33
Speaker 1: week since nineteen ninety one.
20:37
Speaker 2: Now why does that matter.
20:39
Speaker 1: It means that the Democratic Party that usually is obsessed
20:42
Speaker 1: with watching CNN, that you know, is obsessed with them
20:46
Speaker 1: ripping on Trump.
20:48
Speaker 2: They're now not happy with their own.
20:51
Speaker 1: Party, so they've just turned off the channel that they
20:55
Speaker 1: usually are cheerleading on That's what that means. In translation,
21:01
Speaker 1: you also got to put into perspective with a student
21:03
Speaker 1: loan debt forgiveness something else, and that is this isn't
21:08
Speaker 1: the first time that this has happened. It's gone to
21:13
Speaker 1: courts and they were told you can't do this, and
21:17
Speaker 1: they figured out a quick work around.
21:20
Speaker 2: It is what they've done. In essence. Listen to Maria Bartiromo.
21:25
Speaker 1: She opened her show on Fox Business doing the total tally.
21:29
Speaker 1: And I want you to listen carefully because we hear
21:31
Speaker 1: numbers like billion this, fifty billion here, seventy five here,
21:34
Speaker 1: a hundred yere, and you somewhat become numb to it.
21:38
Speaker 1: So I want you, when you listen us to not okay,
21:41
Speaker 1: become numb to it. I want you to listen to this,
21:44
Speaker 1: and I want you to think about how much of
21:46
Speaker 1: your tax dollars just went to deal with this issue.
21:50
Speaker 1: And by the way, I wouldn't be surprised if they
21:53
Speaker 1: did another round of forgiveness before election day as well.
21:56
Speaker 2: Take a listen. Breaking news this morning.
21:58
Speaker 11: President Biden has announced more student loan handouts this morning,
22:02
Speaker 11: saying he'll cancel seven point seven billion dollars in student
22:05
Speaker 11: debt for one hundred and sixty thousand borrowers. The administration
22:08
Speaker 11: has already approved almost one hundred and sixty billion dollars
22:11
Speaker 11: in student loan debt cancelation for more than four million people.
22:15
Speaker 2: In a statement.
22:16
Speaker 11: Released this morning, Biden writes, quote, I will never stop
22:19
Speaker 11: working to cancel student debt, no matter how many times
22:22
Speaker 11: Republican elected officials try to stop us. I assume he's
22:27
Speaker 11: referring to the Supreme Court. Joining me now is Virginia
22:30
Speaker 11: Congressman Bob Good. He's the chairman of the House Freedom
22:32
Speaker 11: Caucus and a member of the Education and Budget committees. Congressman,
22:35
Speaker 11: I should we assume that it's the Supreme Court that
22:39
Speaker 11: the President is saying he's not going to listen to.
22:42
Speaker 5: Well, he's going to stop on January nineteen of twenty
22:46
Speaker 5: twenty five because he's not going to be president anymore.
22:48
Speaker 5: But this president thinks he has constitutional authority, does not
22:52
Speaker 5: have authority. He said he didn't have what about a
22:54
Speaker 5: year and a half ago when he said he didn't
22:56
Speaker 5: have authority on his own to do unilaterally do it.
22:58
Speaker 5: Nancy Pelosi said he didn't have authority to do it,
23:00
Speaker 5: and yet he continues to do it anyway, He's spending
23:03
Speaker 5: money that we don't have. He's further bankrupt in the
23:05
Speaker 5: United States, and the further harm in the economy. Not
23:09
Speaker 5: to mention the fact, we had in our Education Committee
23:11
Speaker 5: a hearing with Secretary of Cardonia recently and I asked him,
23:15
Speaker 5: I asked him if student loan debt is legitimate, is
23:18
Speaker 5: a legitimate debt? Is a debt that should be paid?
23:20
Speaker 5: And he wouldn't answer that question. I also asked him,
23:23
Speaker 5: should we continue to make student loans if we're not
23:25
Speaker 5: going to require borrowers to pay him back?
23:27
Speaker 2: And he wouldn't answer that question. Well, what do you
23:29
Speaker 2: mean is it real?
23:30
Speaker 11: I mean, what is the question that you're asking in
23:33
Speaker 11: terms of is this real, real debt that we're forgiving?
23:37
Speaker 5: Well?
23:37
Speaker 2: What were you getting?
23:38
Speaker 5: Well, Biden his administration seemed to think that student loan
23:41
Speaker 5: debt is somehow illegitimate, that people who borrow it shouldn't
23:44
Speaker 5: have to pay it back, that somehow they were maybe
23:46
Speaker 5: forced into it and they shouldn't have to make payments.
23:48
Speaker 5: I asked them, you know, should people have mortgages make
23:51
Speaker 5: those payments? People have car loans or credit card loans?
23:53
Speaker 5: Should they make those payments. Why is this student loan debt?
23:55
Speaker 5: This administration somehow thinks it's illegitimate and the actual borrowers
23:59
Speaker 5: shouldn't pay him back and that debt should instead be
24:01
Speaker 5: transferred to the taxpayers who didn't borrow the debt.
24:04
Speaker 11: Well, I don't understand the way this is happening at all.
24:08
Speaker 3: I mean.
24:08
Speaker 2: On July tenth, twenty twenty.
24:10
Speaker 11: Three, the Supreme Court ruled in Biden versus Nebraska six
24:15
Speaker 11: to three. The court struck down the administration's student loan
24:18
Speaker 11: forgiveness program and agreed with those pushing against it under
24:24
Speaker 11: the court's ruling.
24:26
Speaker 2: Again last year July.
24:28
Speaker 11: Twenty twenty three, under the Court's ruling, the US Department
24:31
Speaker 11: of Education was prohibited from implementing the Biden Harris Administration's
24:36
Speaker 11: debt relief program. Why does this president continue to forgive
24:40
Speaker 11: student loan debt despite the fact that the Supreme Court
24:44
Speaker 11: has ruled this unconstitutional?
24:47
Speaker 2: And eden before the Supreme Court did it, we passed it.
24:49
Speaker 5: My Congressional Review Act passed both houses of Congress, the
24:52
Speaker 5: House and the Senate on a bipartisan basis, overturning his
24:55
Speaker 5: previous student loan transfer scheme. And yet he vetoed it,
24:58
Speaker 5: and thankfully the Supreme Court stepped in, as you noted.
25:01
Speaker 5: But this is a lawless president who's trying to buy
25:04
Speaker 5: votes and again thinks that the American taxpayer should provide
25:07
Speaker 5: free college.
25:08
Speaker 2: So he's trying to buy.
25:09
Speaker 5: Votes for the upcoming election, just like he did last year.
25:12
Speaker 5: It's going to fail, but he's going to continue to try.
25:14
Speaker 5: He's going to relentlessly try until he's no longer president.
25:17
Speaker 11: It's quite extraordinary to me that he continues doing this
25:20
Speaker 11: despite the Supreme Court ruling.
25:23
Speaker 2: What is the Supreme Court here for?
25:24
Speaker 11: If we're not listening, we're just blowing off what they said.
25:28
Speaker 5: Well, this is a lawless administration. They don't enforce the
25:30
Speaker 5: border laws. They're weaponizing their Department of Injustice and federal
25:35
Speaker 5: law enforcement against their political opponents. So it's no surprise.
25:37
Speaker 5: So they don't think they're bound by the Supreme Court
25:40
Speaker 5: or the Constitution in terms of who's able to spend money.
25:42
Speaker 5: They don't want to work through Congress. Fact that they
25:44
Speaker 5: can't work through Congress. That's why the Congressional Review Act
25:47
Speaker 5: overturned his previous student loan transfer scheme that was nearly
25:50
Speaker 5: a trillion dollars.
25:51
Speaker 2: This is all quite extraordinary to me. Korean. Your reaction, Well.
25:55
Speaker 12: I think that the president is desperate to get any
25:58
Speaker 12: votes that he can, especially for young people. But funny enough,
26:02
Speaker 12: young people aren't having any of it. I've been reporting
26:04
Speaker 12: with progressive groups like the Sunrise Movement, and they're fixated
26:08
Speaker 12: on the oil on oil drilling, and they think Biden
26:11
Speaker 12: is drilling too much. Meanwhile, his core voters think that
26:14
Speaker 12: he's not drilling enough. So really, there's nothing that the
26:16
Speaker 12: president can do to win right now. And this is
26:20
Speaker 12: a political play out.
26:21
Speaker 1: But it's interesting that it's a political play did you
26:24
Speaker 1: hear that? Like, he can't win on anything right now.
26:28
Speaker 1: He can't win on Israel, he can't win on oil,
26:31
Speaker 1: he can't win on electric vehicles, he can't win on
26:33
Speaker 1: the economy, can't win on the on the on foreign
26:36
Speaker 1: policy issues, like, he just can't win on any of it.
26:41
Speaker 2: So if you can't win on any of it, what
26:44
Speaker 2: do you do?
26:46
Speaker 1: You say, the Supreme Court of the United States of America,
26:49
Speaker 1: here's a middle finger. I'm going to do what I
26:52
Speaker 1: want to do, how I want to do it, whenever
26:54
Speaker 1: I want to do it, because I'm a dictator. And
26:55
Speaker 1: a tyrant. And by the way, this is literally what
26:59
Speaker 1: dictators in tyres. They do not abide by the law.
27:03
Speaker 1: They do not listen when they're the law strikes them down.
27:07
Speaker 1: They don't do anything, okay, like, they don't do anything
27:14
Speaker 1: that the that the authorities are, the powers that be
27:17
Speaker 1: tell them to do.
27:19
Speaker 2: That's what makes them dictators.
27:23
Speaker 1: And what the President's doing now is I think saying, look,
27:26
Speaker 1: you guys can't stop me. Okay, you can't stop me
27:30
Speaker 1: by by by election day, and once this money gets
27:34
Speaker 1: debvied out and these debts are paid off, then I'm
27:38
Speaker 1: in I'm in great shape because once it's done, it's done.
27:43
Speaker 2: You guys can slap me on the risks afterwards.
27:46
Speaker 1: But if this is what I have to do to
27:48
Speaker 1: get re elected, then I'm gonna do it. Just look
27:53
Speaker 1: at what Biden administration announced yesterday. They announced yesterday, and
27:57
Speaker 1: this is also about buying votes, that the oil release
28:01
Speaker 1: from the Northeast gasoline supply reserve was going to hit
28:05
Speaker 1: the market. It's a million barrels of oil that are
28:08
Speaker 1: going to be released. We have a oil reserve that's
28:11
Speaker 1: at the lowest level that's been in my lifetime right now,
28:14
Speaker 1: and we're going to release another million barrels, which is
28:17
Speaker 1: four hours of capacity in this country.
28:19
Speaker 2: Okay, so put that into perspective. But why is he
28:23
Speaker 2: doing it.
28:24
Speaker 1: He's trying to artificially lower the price of oil. And
28:28
Speaker 1: why is he trying to artificially lower the price of
28:30
Speaker 1: oil Because it's a holiday weekend coming up, and gas
28:34
Speaker 1: prices are higher than they were this time last year,
28:36
Speaker 1: and the national average is three dollars and sixty three
28:39
Speaker 1: sixty seven cents a gallon whatever it is. So therefore,
28:43
Speaker 1: let's go ahead and release a million barrels of oil
28:48
Speaker 1: to artificially lower the price so that I might have
28:51
Speaker 1: a better chance of getting re elected again. That is
28:57
Speaker 1: buying votes. They will stop at nothing. So think about
29:01
Speaker 1: the plan right now. Lock the Trump up, take away
29:05
Speaker 1: his property and buildings, keep bringing up court cases, and
29:08
Speaker 1: keep him off the campaign trail to interfere with the election.
29:11
Speaker 2: Okay, so that makes sure you throw that in there.
29:14
Speaker 2: We've got him.
29:15
Speaker 1: We got him, you know, six weeks in a courtroom.
29:17
Speaker 1: And during those six weeks, why he's locked up in
29:19
Speaker 1: this courtroom. We're winning, right, like, we're winning, like this
29:23
Speaker 1: is amazing. We we are winning big time because this
29:28
Speaker 1: guy can't be out there campaigning because we've got him
29:31
Speaker 1: stuck in a courtroom in a frivolous lawsuit that the
29:35
Speaker 1: federal government wouldn't even bring.
29:36
Speaker 2: Eight years ago.
29:39
Speaker 1: This is law fair against the President of the United
29:43
Speaker 1: States of America, Donald Trump. And then that's all right.
29:46
Speaker 1: So while we're doing that, well, then we've got to
29:47
Speaker 1: move on to something else. What do we do? What
29:49
Speaker 1: else can we do? Right, like, we got to we
29:51
Speaker 1: gotta do something else. What's the next thing that we
29:53
Speaker 1: got to do?
29:54
Speaker 2: Well?
29:54
Speaker 1: I mean we hey, we got it, I mean we
29:57
Speaker 1: got it. All right, Well, let's see, hold on, how
29:59
Speaker 1: can we have can we handle this?
30:00
Speaker 2: What do we do next?
30:01
Speaker 1: Let's you know what we could do? We could Oh yeah,
30:04
Speaker 1: let's let's let's let's let's pay off some student loan debts.
30:07
Speaker 2: Let's do that.
30:07
Speaker 1: Yeah, that'll work. That'll get people excited. That'll that'll get
30:11
Speaker 1: some people fired up. Here, let's do that. Let's get
30:15
Speaker 1: let's let's make that happen. That'll that'll really get people ready.
30:20
Speaker 1: That'll get people excited. And there's your game plan. This
30:24
Speaker 1: is the Biden reelect campaign, full speed ahead.
30:28
Speaker 2: No matter what.
30:29
Speaker 1: I'll go back to the White House Press heritarial quick
30:31
Speaker 1: because even the media is like kind of scratching their
30:34
Speaker 1: head on this one.
30:35
Speaker 2: And I want you to hear the first.
30:37
Speaker 1: Question that was asked her after she made this big
30:39
Speaker 1: announcement of all the student loan debt that's going.
30:41
Speaker 2: To be paid off by the taxpayers.
30:42
Speaker 6: Wellpen today's briefing by talking about the latest student loan
30:46
Speaker 6: cancelations for I think he said, what do we say
30:48
Speaker 6: until the four point seventy.
30:49
Speaker 2: Five billion Americans?
30:50
Speaker 6: Now I think it's one hundred and sixty thousand, This
30:52
Speaker 6: latest run by Johnson, the Republican House Speaker today described
30:56
Speaker 6: this as a massive wealth transfer for Americans who did
30:58
Speaker 6: not attend college to those you did, and you described
31:02
Speaker 6: as a shameful play to buy more bout six months
31:06
Speaker 6: before an election.
31:07
Speaker 7: I will say, how to a congressional member Mike Johnson,
31:10
Speaker 7: obviously the speaker is that what is shameful is that
31:13
Speaker 7: Republicans continue to get in a way of helping us
31:15
Speaker 7: deliver a little bit of breathing room for Americans who
31:18
Speaker 7: deserve that opportunity, who deserve You heard me talk about
31:22
Speaker 7: about Tiffany, the young woman who one of the things
31:27
Speaker 7: that people should know and if you don't, is that
31:29
Speaker 7: when folks are receiving these debt relief announcements from the President,
31:37
Speaker 7: they have an opportunity to tell their story. They have
31:39
Speaker 7: an opportunity to say why this matters to them. And
31:43
Speaker 7: we're talking about millions of Americans who now have an
31:46
Speaker 7: opportunity to start a life, have an opportunity to move
31:50
Speaker 7: forward in a way that where they can reach that
31:54
Speaker 7: American dream or reach whatever it is that they wanted
31:57
Speaker 7: to do, not just for themselves, for their family. So
32:01
Speaker 7: we believe, and the President's not going to walk away
32:04
Speaker 7: from doing that. He believes it's an important commitment that
32:08
Speaker 7: he made to Americans. It is a broken system.
32:11
Speaker 1: So people taking out student loan debt on their own
32:15
Speaker 1: without a gun to their head means that it's a
32:18
Speaker 1: broken system. And so therefore they can steal money from
32:21
Speaker 1: you and they can give it to others. There you
32:25
Speaker 1: have it, folks, that's the ballgame. Make sure you share
32:29
Speaker 1: this podcast with your family and your friends. Please and
32:31
Speaker 1: help us by writing us a five star review, and
32:34
Speaker 1: I'll see you back here tomorrow.