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The Erick Erickson Show

S11 EP151: Hour 1 - The Student Loan Bailout Scam

The Erick Erickson Show

Erick Erickson

News, News Commentary

4.5874 Ratings

🗓️ 23 August 2022

⏱️ 34 minutes

🧾️ Download transcript

Summary

Biden wants to buy the vote of deadbeats by forgiving their students loans on the back of the productive who’ve paid theirs back and GOP voters need to stop looking looking for only the information that confirms their world view.

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Transcript

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0:00.0

Welcome to the Eric Erickson Show podcast, Hour One.

0:13.6

I want you all to know that I am on top of the student loan story.

0:19.6

And I will repeat everything I said because I have no idea where I dropped out.

0:23.8

And it's going to be repetitive for some of you.

0:26.4

In a large part, because I got to reemphasize this.

0:30.5

Spare me the hate mail.

0:31.5

Just spare me the hate mail for a few moments.

0:35.0

As I have told you guys, so ad nauseum you're now bored of me telling you, we're in the seasonal

0:40.9

cyclical polling bouts for Democrats. So the Democrats have announced a plan. The White House will

0:47.7

announce it on Wednesday. $10,000 in student loan debt forgiveness for individuals who earn less than

0:53.8

$125,000. In addition to the baseline of student loan debt forgiveness for individuals who earn less than $125,000.

0:55.4

In addition to the baseline of student loan debt forgiveness for individuals who fall under a

1:00.4

certain income level, administration officials have also recently discussed the possibility of

1:05.5

additional forgiveness for specific subsets of the population, according to sources familiar with the internal discussions

1:12.9

in the administration.

1:15.1

Now, this is the White House looking at the bounce.

1:18.7

You've had all of these headlines over the last week or two saying, oh my gosh, oh my gosh,

1:24.6

the wind is it Biden's back now. I mean, you suddenly have the Titanic theme song played in the background. And yes, there is an iceberg ahead for the Democrats. There is absolutely fundamentally an iceberg ahead for the Democrats. They don't even realize the problem that's coming for them,

1:46.8

and it's not going to go well for them.

1:49.3

The reason it's not going to go well for them is the economy.

1:52.6

But on top of that, let's just think about this.

1:55.9

And by the way, feel free to chime in on the student loan thing.

...

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