4.6 • 4.5K Ratings
🗓️ 25 August 2023
⏱️ 46 minutes
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0:00.0 | Hello, hello, hello, and welcome to Useful Idiots. I'm one of your host, Katie Halper. |
0:10.3 | And I'm the second host, Aaron Mate. Hello, everybody. And reminder to go to Useful Idiots.substack.com |
0:16.6 | or Useful Idiots.locals.com to support the show and get bonus content, including extended |
0:23.0 | interviews and Thursday through down, which is your midweek dose of media madness, where |
0:27.5 | we react to very interesting, provocative, funny media clips. |
0:33.5 | But first up, we have the four basic food groups, Democrats suck, Republicans suck. Isn't |
0:38.9 | that weird? Isn't that terrible? Let's kick it off with Democrats suck. And remember, Joe Biden |
0:44.2 | was going to resolve the issue of student debt? Well, he ran into some roadblocks, but guess what, |
0:49.2 | everybody's got a new plan. And here it is. My fellow Americans, you know, I'm a firm believer in |
0:54.6 | education beyond high school. And that should be a ticket to the middle class. Not a burden |
0:59.2 | that weighs people down for decades to come and find and pay their debt. On day one of my |
1:03.4 | administration, I promised to fix the problems that the existing student loan program that hurt borrowers |
1:08.4 | for much too long. And I'm proud we're keeping that promise. We've already approved over $116 |
1:13.7 | billion in debt cancellation for 3.4 million Americans, no matter how many lawsuits, |
1:19.6 | challenges, or roadblocks, Republican elected officials, or specialists just try to put in our way. |
1:24.6 | It's a day I'm proud to announce a new program called a save plan. It's the most affordable |
1:30.2 | student loan plan ever. And here's how it works. To pay back that loan, you had to pay 10% of your |
1:35.9 | discretionary income. That's all the income available to you after you pay for food, housing, |
1:41.1 | and all your basic needs. Under my new plan, reducing that payment to just 5% of your disposal income. |
1:48.5 | That's going to save the typical borrow around $1,000 a year. It's going to give borrow a little |
1:53.5 | bit more breathing room. And if your annual income is less than $30,000, your monthly payment will be |
1:59.5 | zero until it gets above $30,000. As long as you pay what you owe under this plan, you'll no longer |
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