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Newt's World

Episode 455: Student Loan Debt Forgiveness

Newt's World

Gingrich 360

News, Politics

4.76.3K Ratings

🗓️ 4 September 2022

⏱️ 33 minutes

🧾️ Download transcript

Summary

President Biden’s recent announcement to forgive $10,000 dollars of student loan debt for single borrowers making less than $125,000 a year and couples making less than $250,000 a year, has made those with student loan debt grateful for the relief and those who have already paid off their loans and those who never went to college raising questions about fairness. However, we need to better understand the root cause of the student loan debt crisis in America. Newt’s guest is Josh Mitchell. He is a reporter in the London bureau of The Wall Street Journal, and his book: “The Debt Trap: How Student Loans Became a National Catastrophe” is out in paperback now.

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Transcript

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0:00.0

Yellowstone, television's number one show is back on Paramount Network.

0:03.6

I John Dutton, who solemnly swear to uphold the Constitution of the State of Montana,

0:08.4

against all enemies, foreign and domestic.

0:10.8

Featuring an all-star cast led by Academy Award winner Kevin Costner,

0:13.9

the invasion is over. They will fight you dirty.

0:16.0

Is there any other way?

0:17.2

As the Dutton family fights to protect their legacy, they'll learn power has a price.

0:21.1

Signed as a declaration of war.

0:23.2

We're already at war.

0:24.2

Yellowstone, new episodes Sundays at 8 p.m. Eastern, exclusively on Paramount Network.

0:34.9

On this episode of Neutral, I wanted to talk about President Biden's recent announcement

0:40.7

to forgive $10,000 of college loan debt to single borrowers,

0:44.8

making less than $125,000, and to couples making less than $250,000 a year.

0:50.8

Biden's announcement last week has made those in the college loan debt grateful for the relief,

0:56.7

and those who've already paid off their college loans, and those who never went to college,

1:01.2

raising questions about fairness.

1:03.2

But as everyone reacts to the announcement and takes their sides,

1:07.0

we need to better understand the root cause of the student loan debt crisis in America.

1:13.2

Is it the spiraling cost of college tuition?

1:16.1

Easy access to student loans?

1:18.6

Loaning large sums of money to students who may not be able to pay it back?

1:23.5

Or is it even more complicated than that?

...

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