S8 Ep212: CONGRESSIONAL SPENDING AND THE REVERSE MIDAS TOUCH Colleagues Dave Hebert and Peter Earle. Hebert and Earle argue that Congressional spending exacerbates problems in education and healthcare by subsidizing demand while restricting supply through regulatio
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 19 December 2025
⏱️ 11 minutes
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| 0:00.0 | This is CBS, Iron the World. I'm John Batchner. I welcome Dave Ebert and his colleague Peter Earl, both from A.I.E.R. Publishing in the American Spectator, something that has been very made clear to me these last years. The national debt exceeding $30 trillion. |
| 0:23.6 | No solution is possible except one. |
| 0:27.5 | Congress has to stop spending too much money. |
| 0:31.3 | Stop spending money entirely. |
| 0:33.0 | Just cut it out. |
| 0:34.5 | And where can they start? |
| 0:36.1 | Gentlemen, a very good evening to you. Identifying education |
| 0:39.4 | as a policy that Congress loves to boast about because it makes everybody smile. The Department |
| 0:47.1 | of Education is breakthrough science and the best we have of research about how to raise young Americans for the future. |
| 0:56.2 | Except, Dave, I start with you. |
| 0:59.1 | The Department of Education is not in charge of the universities. |
| 1:02.7 | That's a separate entity. |
| 1:04.0 | The Department of Education, we can ring-fence it because it involves itself with primary education. |
| 1:10.0 | At the same time, universities take the key from the Department of Education for what should |
| 1:15.2 | and should not be rewarded. |
| 1:17.6 | I'll ask a very simple question to start with, Dave. |
| 1:20.5 | Why, when I entered college in 1966, was the tuition for one semester, $1,900. |
| 1:27.1 | And today, I didn't even know how many zeros I should add to that. |
| 1:30.3 | What happened, Dave? Good evening to you. |
| 1:32.3 | Well, good evening to you too, John. |
| 1:34.3 | It's so great to be with you tonight. |
| 1:36.3 | So when it comes to college, what we find is that Congress has consistently plowed |
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