SUPERINFLATION? Biden CANCELS Student Loan Debt | The News & Why It Matters | 8/24/2022
Sara Gonzales Unfiltered
Blaze Podcast Network
4.8 • 5.8K Ratings
🗓️ 24 August 2022
⏱️ 44 minutes
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| 0:00.0 | Today, Biden follows through on his promise to cancel student loan debt big wins for school boards in Texas and Florida. |
| 0:07.0 | And big tech continues to crack down on the evil crisis pregnancy centers. Of course, the evil crisis pregnancy centers. |
| 0:14.0 | We've got all of that and more coming up and it all starts right now. |
| 0:35.0 | Welcome to the news and why it matters. I am Sarah Gonzalez and I am joined today by Elijah Schaefer host of slightly offensive, |
| 0:43.0 | which I would actually deem as greatly offensive. It is. It is so offensive. We even had a live stream last night get pulled because the slightly part is getting removed a little bit and it's going fully, but that's because I had Gavin again is on and he's alleged. |
| 0:58.0 | He can't stay slightly. He says too much truth. |
| 1:03.0 | We're also joined by a pastor Mark Driscoll. He is senior pastor of Trinity Church and it is your first voyage on the program. No pressure. Just don't screw it up. No problem at all. I was here years ago with Glenn and it. |
| 1:18.0 | I felt like I was walking into an airport. Yeah, it's a little bit like we'll feel like you're in a hangar in here. It does except for the fact that like none of us can afford a jet. So. Yeah, well not under the Biden administration. |
| 1:30.0 | No, but no, it is funny because people come in here and I there are a lot of I mean even Fox News CNN, you know, major media outlets. You go to do a hit with them and it's it's very cramped. |
| 1:44.0 | Yeah, it's a very small room. Everything is very close together and people walk in here and they're like. Holy crap. This is a studio. You have your own zip code for the studio. |
| 1:55.0 | Yeah, they they film the terminator here and the only reason why they didn't make a new one is because the terminator got lost. |
| 2:01.0 | That's a big place. |
| 2:03.0 | He's still looking around. You can find them. We just appreciate Glenn for letting us slubs continue to come into the building and film our programs. |
| 2:11.0 | I want to get into the news of the day. So we talked about this yesterday on the program. There was a report that had surfaced that said that Joe Biden was planning to forgive and cancel a certain amount of student debt. |
| 2:24.0 | Today it was officially announced that Biden will cancel $10,000 in federal student loans for millions of borrowers who earn you have to earn less than $125,000 a year individually or 250,000 for couples who file jointly. |
| 2:39.0 | Now, Pell Grant recipients who this is like the majority of student loan borrowers will be eligible for 20% of student loan cancellations and Pell grants are federal their federal subsidies given based on financial. |
| 2:53.0 | Needs typically don't have to be repaid, but Biden also announced if that wasn't good enough, Biden also announced that he is extending the moratorium on student loan debt payments until December 31st this. |
| 3:06.0 | I can't even I don't even remember how many times he has extended this at this point. It's been over and over and over again. |
| 3:13.0 | And you know, interesting move to forgive all of this debt in the time of inflation and recession. Really interesting. |
| 3:24.0 | Wonder what economists consulted him on this, but also an interesting move because you might say I don't think Joe Biden as the president has the power to actually do this. |
| 3:36.0 | Will you be correct because Nancy Pelosi even just several months ago this was in April of 2022 even admitted that the president doesn't actually have the power to forgive and cancel student debt. |
| 3:50.0 | Let's listen to that. |
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