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The Hartmann Report

Is Student Debt a Crime Against America's Future?

The Hartmann Report

Thom Hartmann

Congress, Economics, Climate Change, The Hartmann Report, Debate, Democracy, America, Thom Hartmann, News

4.41.2K Ratings

🗓️ 8 July 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

The burden of student debt has become an increasingly pressing issue prompting a debate on its long-term implications for America's future. Critics argue that this mounting debt is tantamount to a crime against younger generations by hindering their ability to thrive & contribute to society.

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Transcript

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0:28.1

iHeartRadio

0:42.7

This is the Tom Harbin program.

0:45.5

Hey, welcome back to our program and one of the articles that I wrote and published during the time

0:58.1

that we were on vacation was titled a student at a crime against America's future.

1:03.9

Now, I've talked about this before on this program and in other venues and in fact,

1:07.5

I've been talking about it for 20 years or longer, but 20 years on the air on this program.

1:13.2

But I want to just give you the ammunition for these arguments one more time,

1:16.7

just in case you're new or you're unfamiliar with it or it wasn't at the tip of your mind.

1:22.1

The Supreme Court struck down, well, was it a week ago, a little over a week ago,

1:27.1

struck down President Biden's proposed $10 to $20,000 forgiveness of student loan debt

1:32.7

for millions of Americans in debt.

1:35.6

This is a particular slap on black women who hold almost two-thirds of all the student loan

1:44.0

debt in the United States, which is a pretty shocking statistic when you consider it.

1:49.6

Nearly two-thirds of $2 trillion of student loan debt is held by black women in the United States.

1:57.3

And the Supreme Court said, nope, not going to do it. Now, clearly, this is the Supreme Court

2:03.2

doing policy-making rather than deciding things along constitutional lines.

...

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