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Ron Paul Liberty Report

Lawless! Biden Side-steps Constitution In Promise To Write Off Student Loans

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 25 August 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

In a blatantly unconstitutional move, President Biden yesterday announced that his Administration would be obligating upwards of half a trillion dollars - or more - to "forgive" student loans in households making $125K per year or less. Good thing the Inflation Reduction Act was passed or we might be in real trouble! Also today: Did you know the US was still occupying and bombing Syria?

Transcript

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0:00.0

Hello everybody and thank you for tuning into the Liberty Report.

0:05.1

With us today is Daniel McAdams, our co-host, Daniel.

0:08.5

Good to see you this morning.

0:09.5

Good morning Dr. Paul, how are you this morning?

0:11.0

Doing fine.

0:12.0

Good, good.

0:13.0

The books don't look good and wash in there, they're overspending.

0:17.4

You know, I gave them my two cents worth and that's what they thought it was worth.

0:22.7

They didn't listen to my two cents worth.

0:25.5

They deal in much bigger numbers.

0:27.3

That's right.

0:28.7

But anyway, you know, the gimmick of student loans, that was a very pretty good gimmick,

0:37.3

you know, forgetting votes and all the students bought into it, naively they buy into it and go,

0:44.1

oh, this is almost like free stuff.

0:46.3

Yeah.

0:47.3

It probably someone said, they'll never, they'll never actually collect it.

0:51.7

That's exactly what happened.

0:53.8

They're not collecting it.

0:55.9

But people describe it correctly, that they don't like it because it's unfair.

1:01.8

Of course, they're talking about, you know, the bailout, but nobody complained a whole lot

1:08.4

when they were introducing the program.

1:10.8

Nobody remembers that precise moment that the student loan was set up.

...

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