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The Mark Simone Show

Mark Interviews Economist Steve Moore

The Mark Simone Show

iHeartRadio and Mark Simone

News

4.3695 Ratings

🗓️ 25 August 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Mark and Steve go over President Biden's student loan forgiveness plan. The move will will cost tax payers 300 billion dollars . Both believe colleges should pay for student debts with their endowments.

Transcript

Click on a timestamp to play from that location

0:00.0

Steve Moore, how you doing?

0:01.6

Good. It was so great to see you at the Cudlow, Larry Cudlow party the other night.

0:05.8

That was a lot of fun and good to see you in person after talking to you on the radio so often.

0:10.7

And so I'm doing fine, but I have to say that I'm not so sure the country is doing so well.

0:17.7

Okay, but wait a minute.

0:18.8

They spent like $2 trillion last year above the regular budget, $800 billion two weeks ago, $300 billion on these student loans.

0:26.7

You're the expert.

0:28.0

This is insane, isn't it?

0:30.4

It's really starting that up, isn't it?

0:32.3

And by the way, let me correct you.

0:33.4

I actually spent $3 trillion last year because the first bill was $1.9 trillion,

0:39.1

then the so-called infrastructure bill was another $1 trillion.

0:42.2

And the irony of this, you know, foolish and I think actually mendacious student loan forgiveness bill is that, you know,

0:51.4

just about a week and a half ago, Biden's talking, you know, crowing about,

0:54.8

oh, we're reducing the budget deficit with our inflation Acceleration Act.

0:59.0

And this is, this is going to be wonderful.

1:01.3

Look at how fiscally responsible we are.

1:03.5

And I don't believe those numbers.

1:04.9

But then, you know, seven days later, he says, oh, by the way, we're going to put $700, or sorry, $300 billion more

1:12.7

costs on the backs of taxpayers, and increase our debt by $300 billion.

1:18.7

And this is just getting insane.

1:20.6

And by the way, if somebody other than these kids who are the deadbeats who don't pay their

...

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