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The Byron York Show

Can Biden Buy Votes With Student Debt Relief?

The Byron York Show

Radio America

News Commentary, News, Politics

4.81.2K Ratings

🗓️ 19 April 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

For years Democrats have used student debt relief as a selling point in elections and it looks like the upcoming midterms will be no different. Recent polls suggest that young people won't turn out in November and that's exactly what the Democrats need to happen. Even if Biden does not cancel student debt, he can extend the payment moratorium as long as he wants and attempt to grab young people's attention that way.

Transcript

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0:00.0

Hello, and welcome to another edition of the Byron York Show, the no-chit-chat podcast.

0:09.8

We'd like to get right into it, and what we're going to get into today is the question

0:13.8

of whether Joe Biden and the Democratic Party can buy votes with student debt relief.

0:20.7

It's a big deal, midterm elections are coming up, a lot of money involved, a lot of voters

0:25.5

involved.

0:26.5

We need to go back to the 2020 Democratic presidential primary race.

0:31.6

It was a bidding war in which the various candidates advocated spending trillions and trillions

0:38.3

of dollars to enact sweeping progressive agendas.

0:43.3

Now some of the agendas were a little more sweeping than others, but they were all huge.

0:48.5

They all amounted to unprecedented increases in federal spending.

0:52.8

Now one of those was the issue of student loans.

0:56.2

So Bernie Sanders, the most progressive of the progressives, wanted to cancel all $1.6

1:02.3

trillion in student debt.

1:04.4

Just cancel it, throw out all student loans, that's 40 million plus Americans who have

1:09.2

them throw them out, and somehow make Wall Street pay for it, because Wall Street

1:13.2

ought to pay for everything.

1:14.7

Now Elizabeth Warren, pretty much as progressive as Bernie Sanders, she wanted to forgive

1:21.0

everybody's student loans up to $50,000.

1:25.0

The least progressive candidate in the bunch, Joe Biden, at least the most cautious candidate.

1:30.4

He wanted to forgive a minimum of $10,000 per person in federal student loans.

1:37.2

So all of the candidates were pledging to either get rid of or make a serious debt in

1:44.9

student loans.

...

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