2/22/24: Biden cancels more student debt, Biden crimes implode badly
The David Pakman Show
David Pakman
4.8 • 6.2K Ratings
🗓️ 22 February 2024
⏱️ 64 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Let's start today with some meaty policy. Here is yet another step towards the student loan forgiveness that I'll be |
| 0:17.2 | honest I'm even surprised Joe Biden is this interested in doing the Biden |
| 0:22.0 | administration is canceling student loans for more than |
| 0:25.8 | 150,000 additional borrowers, nearly six months ahead of schedule, under a new plan. This is going to be about 1.2 |
| 0:37.4 | billion dollars in student debt for about 153,000 borrowers. These are borrowers who took out what are being described as relatively |
| 0:45.6 | modest student loans and have been on track with repayment for a decade. |
| 0:50.7 | You will be shocked to hear, by the way, that some of the folks who are getting a student |
| 0:57.5 | loan debt forgiveness under this plan have been making 10 years of repayments, originally took out $12,000 or less and still haven't paid |
| 1:10.2 | it off. |
| 1:11.2 | If you want to understand how out of sync college costs are with what |
| 1:17.2 | people are actually earning here is president Joe Biden making this |
| 1:21.6 | announcement and this is great news. |
| 1:24.1 | Under my save plan we're cutting in half to 5% the undergraduate borrowers |
| 1:30.0 | what undergraduate borrowers have to pay after their living expenses are accounted for. |
| 1:36.1 | That means no one with an undergraduate loan, whether it's a community college or a four-year |
| 1:40.1 | college, will have to pay more than 5% of the discretionary income to repay those loans starting in July. |
| 1:47.0 | And that's income after you pay for necessities like food and housing. |
| 1:51.0 | Already 7.5 million Americans have enrolled in the so-called Save Plan. |
| 1:56.8 | And there's more than 4 million of those bars |
| 1:58.6 | had their monthly payments drop to zero |
| 2:01.1 | if they're living paycheck to paycheck below a certain level. |
| 2:05.0 | This plan is the most generous re-planment program ever and today we're doing it even |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from David Pakman, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of David Pakman and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.