Welcome to the commentary magazine Daily Podcast today is Thursday August 25th 2022.

I am John Potthoritz the editor of commentary magazine Noir Rothman is out for the week.

So with me as always executive editor, A Greenwald Hyab, Ajahn and media commentary columnist

Christine Rosenhykristin.

Ajahn remember the inflation reduction act boy that was amazing because we somehow mysteriously

managed to reduce inflation by $300 billion while spending $700 billion.

Well guess what no inflation reduction no more according to Joe Biden because he is just

at a one fell swoop and with a mysterious mysteriously assigned executive power announced

he's spending up to half a trillion dollars to forgive student loans on let me see if I understand

this right on singletons making less than 125,000 a year and family members making less than 250,000

a year. I don't quite understand how that breaks doesn't matter really doesn't matter half a

trillion dollars in spending poof like that no congressional authorization no oversight nothing

using some emergency power created to forgive student indebtedness for people who joined the

military after 9-11 that seems to be the modality that's some modality and let's talk about

we got we got to do 15 different things here we can talk about the policy as policy

then we can talk about the policy as philosophical citizenship questions that it raises and then

we can talk about the politics so unfortunately the politics is the only thing that's really

interesting here because the policy what's wrong with the policy is so self evident to me but

maybe we need to explain it anyway so Christine your your your your sort of object lesson here as

somebody who see I never had student loans the last year that I was in college the tuition

room and poured at the University of Chicago was $6,100 which somehow my parents were able to

to muster so that's how old I am I started $4,500 tuition room and the up $6,100 tuition

...