Ever-Expanding Hopes for A Student Loan Bailout
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 29 December 2020
⏱️ 13 minutes
🧾️ Download transcript
Summary
It wasn't a big piece of the presidential campaign, but since the election, proposals to bail out student loan borrowers have become dramatically more ambitious. Neal McCluskey explains the folly of more freebies for the well-off.
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Transcript
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| 0:00.0 | I'm Caleb Brown, host of the Cato Daily Podcast. |
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| 0:43.0 | Daily Podcast and the Cato Institute. |
| 0:47.0 | This is the Cato Daily Podcast for Tuesday, December 29th, 2020. |
| 0:52.0 | I'm Caleb Brown. One of the big ideas floating around |
| 0:54.8 | Capitol Hill is a massive proposed bailout for student loan debt. Neil McCluskey |
| 1:00.2 | directs the Cato Institute's Center for Educational Freedom, we discussed why a bailout wouldn't do a thing |
| 1:05.8 | to lower the cost or improve the benefits of higher education. |
| 1:10.3 | What were the promises made by Joe Biden in the campaign about student loan bailouts? |
| 1:19.2 | When he was running for President, Joe Biden didn't talk about bailouts of the magnitude that we've been hearing |
| 1:26.7 | about since the election. |
| 1:30.2 | So Senator Schumer, along with Senator Warren, |
| 1:33.0 | he's been talking about, potentially for giving $50,000 |
| 1:37.0 | a debt, or up to $50,000 in debt, |
| 1:39.7 | for every person who has student debt in America or at least federal student debt and |
... |
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