Transcripts For CSPAN Washington Journal 20131026

Government surveillance are expected together on the 12th anniversary of the patriot act. That is where we let to begin with you. Where we want to begin with you. With european leaders calling for new restrictions on such actions, we are opening up our phone lines to you this morning. How concerned should america be about the government spying on foreign allies and partners . That is our question for you. Republicans can call at 202585 3881. 3880. Rats, 202585 882. Pendents, 2025853 you can also catch us on your favorite social media, twitter and facebook. Or you can email us at journal cspan. Org. That story on u. S. Spying on its allies, revelations about the u. S. Listening in on phone conversations of World Leaders. Are some papers from around the world, the front page of the Guardian Newspaper shows german canceler german chancellor angulo Merkel Angela merkel. Here is a german newspaper talking about the nsa efforts. That is angulo Merkel Angela merkel and some of the folk she has been in contact with. The headline of the Washington Post this morning ash this morning the story goes on to note we want to get your thoughts and comments. Already coming in on our Facebook Page this morning, www. Facebook. Com cspan, derek writes in we will be taking your thoughts on that subject throughout our first 40 five minutes of the washington journal today. As those conversations going on between a merkel and hollande, this story happening courtesy of foreign policies you can find it online on Foreign Policys the cable. We are opening our for months to talk about this subject. Our phone lines to talk about the subject. Peter is first from cambridge, massachusetts on our line for democrats. Good morning. Caller that is brookline, massachusetts. Have called into washington journal on this topic before, this nsa spying. Every time i hear you focus on it i get angrier and angrier. I get less and less surprised but i get more angry and more furious. Host why is that . Loyal obama a supporter. I voted for him twice. We wanted a change from the Banana Republic years of george w. Bush, with the u. S. Department of justice roaming free, eavesdropping and snooping with the patriot act. It ought to be repealed. I heard you say it is the 12th anniversary. Its bad enough that this spyingent would abandon on american citizens on their cell phones, internet, and their communications and library records. That is bad enough. We need to get a coalition to fight terrorism. I am all in favor of that. To spy on these allies like west germany and france and great written, that is even worse. What kind of message are we sending to the western world . Host here is a column by gideon rockman today in the Financial Times would you agree with that statement . Caller not this american and not Many Americans in my area around boston and across this country. We ought to have a civilian uprising to defeat these policies of snooping. One brief final comment and then on september 11 we all realize that the western under attack by these islamic militants and al qaeda and their allies. They wouldve gone after the eiffel tower and brandenburg gate. Working with our allies. I am all in favor with that. To spy on that is outrageous. Host we appreciate the call. One is the big story today the wire this morning there is a picture of edward snowden, the source of these leaks. The story, in part we are getting your thoughts. We will go to our independent line. From pittsburgh, pennsylvania, claude thank you to washington journal. Thank you for letting us voice our opinion. It is something that madison and the Founding Fathers were putting together, this republican emphasis on allowing the citizenry to voice their view and host what is your view on their view. Host what is your view . Caller pretty much inline with the previous caller. I think our poor i think our Foreign Policy a nightmare waiting to happen. We are engendering the hatred and the disgust of the world, friends and enemies. We seem to want to blame the arabs for everything, blaming actions policies and that have nothing to do with them. The media is extremely biased. The apathy and lafarge he of the senate and congress who will not take a stand and lafarge he and lethargy of the senate and congress who will not take a stand. Rock obama is only one third of the government. Barack obama is only one third of the government. They will not do anything to challenge the spectral interest the special interests. We need to come together and bring some form of cooperative venture with our allies and our adversaries because it is going to blow up if we continue on this insane course. Host let me ask you, some of the papers noting this in ,days the New York Times many of the european complaints seem to be directed at a domestic audience and may not result in concrete changes to the relationship with the u. S. That has weathered so many storms. Some of these folks overseas notice spying is going on all the time. Do you agree with that . Caller you are speaking with someone who has no expertise in the field. Eavesdrop on our citizenry doesnt say much about those who but we dontle, seem to be indicting them and bringing them to justice. They should be identified. We think snowden did an excellent job of bringing this kind of the cage and in moral, unjustifiable policy and in moral this kind of the immoral, and unjustifiable policy. Host a tweet one other tweet this morning from steve we are taking your calls and comments this morning on the subject. We will go to stephen from las vegas, nevada on our line for republicans. Good morning. Caller i heard the last couple of callers. Is, i used to be a volunteer shop people do not have that Business Leadership or Customer Service training coming up through high school. What i found out is that the fbi has to get approval to tap anybodys phones. Im not too sure about the internet, but cell phones anyway. I have been thinking about merkel the last couple of days. From is not anybody immune that type of telecommunication tapping and internet stuff in the whole world. Learning how to trade stocks on the internet and building a business plan, it just makes sense. Until there is technology to stop interference from other people tapping in, you just have to be more intelligent about those types of things. As we noted, todays the 12th anniversary of the patriot act. There is a rally against mass surveillance that is scheduled to take place today. Stationont of union here in washington dc. Heres the website for that rally. That is expected to happen at noon. Along with that website, several celebrities participated in a video they posted about the nsa efforts. I want to play you a bit of that video now. [video clip] intersection and collection of call detail records and internet traffic including audio, video, photograph, documents, chat logs, and emails. Every american is at risk of getting caught up in the an assay traffic. Including average citizens not suspected of a crime. We have also learnt the largescale collaboration with telecom giants, internet companies, and service providers. Some concern email providers chose to shut their doors rather than pay government subpoenas to hand over their users. Does the nsa let any type of data at all on millions or hundreds of millions of americans cap go no, of americans . No, sir. We have had too much secrecy in this country. Actorseveral hollywood joining that video, promoting that rally that is happening at noon today. This is the 12th anniversary of the patriot act. We are taking your calls and comments about some of these revelations this week about spying on allies and how it is actually affecting u. S. Relationships with its allies. The newe story from york times we will go to larry from knoxville tennessee on our line for democrats. What do you think about this subject . Caller good morning. I think this just brings the Congress Needs to stop trying to defund obamacare and cook up some new laws that would take care of these problems. Iieve that anything believe it was the Supreme Court decision. Anybody can grab it because it was there. Congress needs to enact new laws to prevent this from happening. I think they all spy on one another. I think that is a major concern. Host in other headline on this in the Financial Times we will go to and you on the phone for wisconsin on our line we will go to intro the phone on her line for democrats we will go to andrew on the phone from wisconsin. We will go onto charles from roseville, tennessee on our line for republicans. Good morning. Morning this is charles from rogersville, tennessee. I am presently in a va hospital in tennessee. I was laying here watching you. You are on, when i was in the air force back in the 70s, i flewmiddle aircraft speed everybody stop aircrafts. Everybody spies on everybody. Of the problem is we have a president the problem is we have a president with no leadership. No one in the world even fears us anymore. Get back to a later that is for the people of the United States. When he look looks at an airman or marine, he knows what it looks like. This man does not know what he is doing in the white house. It is pretty evident that he is taking over 16 of our economy by taking over the house taking over the Health Insurance. I have been a Health Insurance agent for 25 years. I had to shut down my business because of of obamacare. The employees in my office, we. Ust got letters no one is going to be able to be covered after the 31st of december. A lot of my clients that are insured through the years have been bombarded. All of them are losing their insurance or it is doubling and tripling. I think leadership in the white house is a problem. Host he brings up the subject of the healthcare law that has caused so much controversy. Here at the front page of the Washington Post that story in several of the papers around the country today. It was also the subject of some comments by texas senator ted cruz. Ted cruz spoke at the iowa reagan dinner about the Affordable Care act. Front page of the Houston Chronicle health site fix. Cruzs comments, calling it a disaster and a train wreck. [video clip] one of the things we congress in the fight over obamacare is we elevated the National Debate over what a disaster, over what a train wreck, how much obamacare is hurting millions of americans all across this country. Is called the Patient Protection and Affordable Care act. It does not provide tech divide protection. It is not affordable. Doesit is denying not provide protection, it is not affordable, and it is denying care to millions of americans. If you log onto the website you have to be very patient. [applause] collectively, millions of americans have made the case that obama care is not working, that it is the number one job killer in this country. Millions ofg americans to lose their job. Young people are not finding jobs because of obamacare. Single moms across this country are being forced to work part time, trying to feed their kids on 29 hours a week because of obamacare. Hardworking families that are struggling to provide families for their children are getting skyrocketed Health Care Insurance premiums because of obamacare. People all over this country right now are getting notifications that their Health Insurance is being canceled because of obamacare. If you want to read more about the contractor that was tapped to fix the problems with the healthcare website, that story isnt todays Washington Post todaysn todays washingotton post we are talking about u. S. Efforts to spy on their allies. Revelations about phones being tapped, World Leaders we will go to larry from tennessee on our line for democrats. Good morning. The fellow from rogersville and ted cruz. Could see more with the president is doing but they are putting their whole that putting their hoods on backwards. Putting their hoods on backwards. If your neighbor is cooking method, do you not want to know yet if the guy behind you is a pedophile, you dont want to know . About there talking weject of spying and caller are seeing transparency and transparency. We dont want to know what mexico or merkel is inking . Is thinking . Ignorance is bliss but i do not want to be that happy. People want to stay in the dark and bring everything and blame everything on the black guy. You are not living where i am living. Host maria is up next from westville, new jersey. Feel that it is hypocrisy on part of the europeans to be complaining. If anybody wants to they can google an agreement for world war ii still in effect. Australia, britain, canada, new zealand, and the United States, and gives them more access to the private workings of our citizens that even the nsa. We have a nice Little Network of their. If thiso also say that results in hampering our trade agreements, i say hurray for that and for that. Our president is not using his power to add great favorable trade agreements. We have somebody who does not protect our borders. I think we ought to bring our troops home and take care of the United States first. Host is there a little bit of everybody does this in terms of spying on their allies . Caller yes. What shocks me the most is that our government we have to hark back to our founding thisrs, who warned against. We have to be independent. All of this partnership has brought Us Bankruptcy and hatred. I fear for our country. We have to come home and take care of our own. Host that is maria this morning. The Los Angeles Times lead editorial talked about this subject of that everybody does it. The lead editorial starts with we will go now to john on our line for republicans from arlington, virginia. This is just hypocrisy. It is a little on our side. Nobody seems to remember back in the spring with all the talk china was doing about over here. Id dont hear anybody i didnt hear anybody say then that everybody does it. Guys wondering where these iswhere it really hurts us tapping the german chancellor and then have some jerk come onto the oreilly show, impairing her with the fuehrer comparing her with the fuehrer. I think that at insult to injury. The brazilians are upset. It is a National Pride thing when you spy on the leader of a country. You can say we are looking for information about terrorism. When they spy on the phone calls of these leaders that are supposedly our friends, that is not a great idea. As i said, a lot of people do it, but earlier in the year he did not hear that attitude at all. Heres the twitter page of glenn greenwald, columnist from , who hasian been working with edward snowden. His latest post as europe a reps over spying, nsa chief says government must stop the media we are taking your calls and comments on this subject this morning. We will go to steve in ft. Worth texas on our line for democrats. Good morning. Go ahead. Caller good morning. I think this whole issue of spying is indicative of a lack of sound leadership, where we have a government that has proven themselves to be incapable of a cop pushing anything in a worldclass standard. We have no standards as a government. Our leaders are nothing more than criminals. They are not worthy of their position. I have no respect for them. If they dont resigned i think people in this country should overthrow them. They cannot get obamacare to work, they cannot get our economy to work. What do people do . I never spied on my friends. I do not trust my government, therefore i dont think i want them to lead my country. Maryland up next on our line for independents. The biggest shock i find in this debate is that americans are actually shocked us is happening. We left this group. They have their own world. Hey have been going on forever americans are naive. They are worried about their sports and beer. They dont want to hear anything else. A want to use any excuse to continue the status quo. Think thating to people dont know this happens all the time. I grew up in the 60s. That is how it is. We let it happen. Host a few more posts on our Facebook Page. Sharon writes in below that, George Franks writes those are posts on our Facebook Page. You can also catch up on twitter and callin on the subject. A few other news items i want to point out for you today. Yesterday, the president was ed an innovative screw innovative brooklyn to School Brooklyn school. This is the same school the president praised in his state of the Union Address earlier this year. Theelivered a message about urgency of education reform in the global economy. One of the other things he addressed in that speech was the cost of college education, that is something we are going to be cocking about an hour later segments today on washington journal. I want to play you a clip of the president yesterday afternoon. [video clip] at the moment the cost of Higher Education keeps going up. We need to make sure were doing everything we can to reduce the burden of Student Loans on young people. Here is how much two years of college will cost students and their families, zero. Nothing. [applause] i noticed the parents were the first to clap. [laughter] they like that. That is a huge burden. That is thousands of dollars you are saving. When you start working, you are going to have that much less of a burden in terms of debt, which means you can afford to buy a house sooner, you can afford to start your business sooner. That kind of attitude is a lot easier when you are not urgent with a lot of Student Loans. Not urgent with a lot of Student Loans. With a lot ofd Student Loans. Look at the cost of college and the amount of federal loans and grant money that is available. You can stay tuned for that later this morning on the washington journal. Were still talking about this on itsf the u. S. Spying allies. Plenty of lead editorials today, including the New York Times that is the lead editorial in todays New York Times. Peter is up next from california on our line for republicans. Morning. Ood i just read that editorial with you. I happen to agree with its to a certain extent. Allies does heon wrote of the trust we have in them, with them, amongst them. I think that is important in intelligence gathering. I think definitely, on a similar point, the emphasis of the spying should be on the middle eastern countries, al qaeda, al shabaab, those types of organizations that we can get information from. If we can get information through whatever source, i think that is the most important thing. That is the key to be studied. That is kind of the point i want to make. Host from california this morning, thank you for the call. We will go to brendan from columbia falls, montana on our line for democrats. I guess this is kind of a question. All of thesew that things that snowden has says and all of these papers believe that this is true, how do we know this is true . That we are spying on all of these people . I have not seen in a documentation any documentation to prove what he is saying is true. He is being harbored over in russia. Do you suppose the russians are saying, lets start some trouble . Host i will read you the state departments spokeswomans response to this. I will go back to you after reading that. Is true, theyf it probably spy on us, they are all admitting they do. Where was the outrage when china they are still doing it. Stealing all of our technology. Other countries do the same. I am a citizen who thinks im not doing anything it should be investigated. I dont feel like it is taking any of my freedom away. Jasper, next from georgia on our line for independents, ted, good morning. I would like to set congressman grace straight. Host lets stay on the subject of u. S. Spying. Er host we dont want to sidetrack the conversation too much. Caller ill tell you. We will move onto mason from franklin indiana on our line for republicans. Good morning. Caller my first point is this is the government that wants all of your personal information, wants to run your health care, wants to run your personal life, yet we have a government where the irs taxes off of political and that political position. Are they going to use my information against me because i am in indiana, which is a republican state . Not only have they lost the trust of our closest allies, they have lost the trust of americans. There is more than just the website problem that keeps people from entering information on the government website. They cannot keep this information secured. Yes, they want to know all of our personal information. Thatiggest problem here is , not that we are spying on our friends, but it is that the government is no longer our friend. Host denise is up next from cincinnati, ohio. Good morning. Caller hello. Thank you, good morning. I agree with a previous caller wholeheartedly, how do we know the information being put out there is true . Edward snowden is a traitor. He has been treated like a whistleblower. That is not true. He is a pot. A pod the gentleman that spoke about all the things the government is doing against us, he wants to pull the government down in order to define our current president. You have to keep your enemies closer. What we are doing is no more than any other country. Our nation is doing security. Clarks last call on the subject, we will go to and from baltimore, maryland. Caller thank you for taking my call and thank you for cspan. Has always spying been on and it is understandable. My major problem is with all of the domestic spying. Votes, nobody has been on their soapbox or high horse to repeal the patriot act, which is the first the worst violation of our constitution. They are listening to our phone calls, our emails, which is definitely unreasonable search and seizure. To think about our Fourth Amendment rights that are being violated every day for the nsa and other agencies and get up in arms about that. Host ed brings up the patriot act. Today is the 12th anniversary of the patriot act being signed. Happening today at Union Station here in washington dc. Cspan cameras will be covering that rally. Showing that online at cspan. Org. That is going to do it for the first 45 minutes today. Up next we will talk about the role of millennials in politics and how young people viewed the healthcare debate. Later, Dan Fitzpatrick of the wall street journal joins us to break down the Jpmorgan Chase settlement in the lead up to the financial crisis. On newsmakers, house energy and Commerce Community chairman and Commerce Committee chairman fred upton talks about the problems of the Affordable Care act website. Catch the full interview tomorrow at 10 a. M. On cspan. [video clip] since we had our hearing on thursday last week, there are a number of members, republican and democrat, that are calling for a for the delay in terms of signing things up. We are going to take a good look at that and see where we are and having some announcement in the next week or so. Maybe a little longer than that. We are going to be looking at this. Remember in the house last summer, and of july, when the president made his announcement that the business mandate would be delayed, we thought was fair is fair. We had a vote. Almost every republican voted for it. I know senator mansion, senate or donnelly from indiana, three been calling for a delay here. We will see what happens. There will be some discussions in the next couple of days. It sounds like something is happening behind the scenes. I cant, because it is not done. We have highlighted some real trouble. Certainly real frustration with signing up for this point as well. A number of tv shows in the last couple of days, they brought them people to try to sign up and they cannot do it. We did that yesterday at the hearing. They turned around ipad and it is complete blank screen. Colin totold call in in a couple of days. I presume hundreds of thousands of folks across the country on one hand they are being forced out of their present insurance plan, told to sign up for this, and cannot do it because of the failure of the operate. Erate in washington journal continues. Host we turn to the topic of millennials in politics with matthew siegal. Is new Health Care Law highly charged. One that could one thing that could spell the success or failure is if young people sign up. Do you see young people embracing this program, today care about health care . Massachusetts is any barometer, i think young people will sign up. There are enough people that and rolled in those market places to ensure that the death spiral did not occur. There were not enough people to keep her to keep premium rates low. We want Health Insurance. Early five percent of millennials, born after the year 1980, state they do not want Health Insurance. This argument that young people for some reason perceive themselves to be infallible to illness or to accident is simply disingenuous. Host that five percent number, where is that from . Caller it comes from an Advocacy Group called young and principles, who did extensive polling on uninsured young people. 19 million lack Health Insurance . Callerguest correct. Website a lot of the problems, how do you think that is affecting young people in their ability to sign up . How do you think the outreach effort has gone for millennials . Guest the website problems have been unfortunate. It gets to the type of issue of what talents our government can webk in terms of development and technology. It also gets to the issue of these huge bureaucracies you need in order to win the contracts to design websites. That is an issue that my generation views as unacceptable. That said, i also think we are a pragmatic group. Understand that from time to time websites are going to have glitches. Last week facebook had delays. Twitter is constantly overcapacity. That sort of issue we find on the internet is common. Deadline for enrollment is extended to compensate for the fact that there have been delays on the website, that is an acceptable solution for most people. Ad was highlighted in the Los Angeles Times what do you make of these kinds of ads . There is tongueincheek humor associated with them. About be helpful, talking insurance in a way that is more pop culturally relevant. Help in thisys sense of a Public Policy kind of you. Kind of view. People are looking at Health Insurance as a personal matter. It is why it is important to make things more personalized when we talk about insurance and offered to show the tangible threat of getting sick or getting pregnant or developing adding an an accident, which requires you to spend money out ofpocket if you do not have insurance. To enrollare critical and the exchanges in order for them to work. Young people, as you know, our healthy. To 2. 7 billion we have a longterm interest in making sure the system works for everyone. Young people are going to get old and potentially sick one day two. He have to approach these exchanges in the spirit of cooperation, not recklessness. We dont want to sabotage the system. Are not looking at Public Policies about invalidating them. Lets not try to the wreck of the policy. If you want to talk to matthew, give us a call. Our phone lines are open. We also have a specific line set up for those 18 to 30, if you want to call in. Will you said a young man are especially critical to this the new Health Care Law. Made by an argument opponents that young people have less to gain for signing up. They are generally healthier than Older Americans and this represents a bad deal for young people. Why dont you address that . Completely false. 50 of young people have a pre existing condition. Legislation,f this this law will help you. That yoursure Insurance Company cannot drop you or give you incredibly high premiums to get covered. Your parentstay on Health Insurance plan until you are 26 years old. Tot has allowed 6. 60 million her main covered. If you are a young person today is under employed, you will get subsidies under the Affordable Care act. It is estimated that 90 of people aged 19 to 25 will get to makeo get Health Insurance more affordable. If you are not one of those , the best benefit of the aca is rather than getting one of these plants that gives you catastrophic coverage at incredibly high deductibles, you will get a comprehensive package of benefits that will give you regular checkups and benefits checkups and medical care, Mental Health exams and those wereons previously outofpocket costs that young people had to incur. It will be part of the aca and will be accessible for more people. What is your group . Urtime. Org is a Nonprofit Group that breaks down Public Policies into simple language and bullet points and graphics to and to educate our generation. We fight for young peoples Voting Rights and also stand up for what we call pro generational issues, issues important to the project the broad majority of millennials. Where does your group get its funding from . Most of ourt funding from Family Foundations and private individuals. We are nonpartisan. , we believe inrs full transparency. I would say that the political persuasion of our group reflects young people in the sense that we are socially liberal. Young people are strongly in support of Immigration Reform, strongly in support of Marriage Equality, strongly in support of equal pay and so forth. Of fiscal issues i would say we are in organization that is fiscally concerned in the sense that the job and later session job and labor market come as well as National Debt and current Budget Priorities will have acture, beautiful impact on our generation. We try to look at those policies one by one and weigh them in a thoughtful and decent way. Host if you want to talk to matthew, the president and cofounder of our time closed time, here are the phone lines. Called group out there generational opportunity has out promoting an opt campaigned for young people to opt out of coverage under the Affordable Care act. I want to play a clip from one of their ads. [video clip]. Health insurance . Signed up for obama care. Youe need young people like to pay for the older wealthier people. We will double your price for free. Come on, chad. Dont change the channel, this will be good for you. Become part of the system. One big happy system. You buy it, please . Signed up, we have to have you on the exchange. Do it for your country, chad. Chad . Your fooling, mom already likes me on facebook. Matthew segel, the opt out campaign that is being promoted, i will give you a chance to respond. See what the to alternative is. Opting out is fun to say but what are they proposing . People get insurance that does not have a competent package of Preventative Care associated with it the moment means you will end up paying for regular checkups out of your pocket, or if you get sick you will end up paying for drugs out of your pocket anyway . Is not financially more prudent on the individual level. I know that group is concerned about deficit reduction. If currently 18 of our gdp is spent on health care, that is insane compared to every other country that works competitively. European countries have nine or 10 of their gdp at healthcare cost. Accountable Care Organizations incentivize doctors to be financially rewarded on the basis of giving their patients less care and more preventative measures. Also more preventative measures. Currently, we have what is e for Service Medical system in which if you are a doctor, you are paid money based on every procedure you offer to your patients. Perversely incentivizes doctors to give people more care. The aca is moving that in a different direction. It is incentivizing people to be healthier, be less dependent on medical, which reduces the deficit and has less taxes on young people longterm. I welcome the opportunity to discuss that, but in terms of our longterm budget priority, we have to reduce health care in anrica, and the aca is important step in a direction. Host phone lines are open to want to talk to Matthew Segal from ourtime. Matt, good morning. Caller i am from massachusetts where we started doing this a few years ago, this experiment of forcing citizens to buy a product from a private corporation. You know, i am not too happy with it. I see the penalty phase is about 1200 if you dont pay for it in massachusetts. He will be you will be assessed by the Massachusetts Department of revenue. It is kind of expensive. Beyond that, i see the benefits to the state budget, which is about 34 billion. Fully 70 billion of that is fully 17 billion of that is for paying for other peoples Health Insurance. It has fully grown from about 9 billion to about 17 billion. On the budget. How was i going to work nationwide . How is that going to work nationwide . Notion of the the Affordable Care act working nationwide is that if more system,pt into the there will be competitive bids for ebusiness on part of Health Care Company steered this was originally conceived of by conservatives. It was romneycare. The speared of having Health Insurers compete for consumers, and when they are competing for a larger pool, they will lower prices. That is how supply and demand works. That is what is article the more people opt in in the speared of cooperation so that the lock and work and aiken movies prices for everyone. If only a few people, and even worse, if only six people and role in the aca, then premiums will go up and it will fail. Guest a question host a question from laura porter is ourtime worried about the nations debt that the next generation will be responsible for paying off . Guest we are definitely concerned about the debt. We have expenditures right now that are not necessarily growing the economy. For instance, the government shutdown. It cost 24 billion. But that in perspective put that in perspective. The agricultural departments budget a year is 22 billion. So that is a reckless and needless expenditure that in any sense of the world is increasing our longterm debt, but it is not growing be economy in any way. The difference is if you put money in Higher Education or Early Childhood education or head start or nutrition programs or permitted of health measures, that not only makes people more Preventative Health measures, that only makes a vote more healthy, but it helps. Not every exposure has a return on investment, but there are certainly a senators that do not have a return on an investment, and those are the ones we have to weed out. Host you bring up the shutdown speared how to be shutdown affect millennials . What do you think the biggest effect was on young people . Cost besides the fact the 24 billion, there is a study that recently came out from Macroeconomic Advisers that said that the governing by a manufactured crisis has cost our over the00,000 jobs last few years. That is one way that the shutdown and that this whole completely defined style of governance has cost our generation, but the larger issue is trust in government heard if we are governing by continuing resolution, what kind of precedent does that set for the next generation who would like to see our Congress Debate the real issues like Immigration Reform that are affecting millions of people in our generation . Millions of dreamers are dealing with the cost of Higher Education or the job market. That is the purpose of congress. The way that most young people see it. It is not to have these standoffs and score political victories on cable news. Host what these impacts you talk about, do you think enough young people are getting involved in politics and making their voices heard on these issues . Guest no. Not enough young people are getting their voices heard nor getting involved in politics. Product the part of the problem with shutdowns as you ize young people. If the government to pass on the, pass anything, it would give the young people face at the institution is not completely broken and it is accountable to the people. Right now, the institution is not working. The institution is destructive. There is a particular group of people and the decision to have a philosophy that is really to destroy government or to at least shrink it down to besides were you can drown it in the bathtub, as they say, or as Grover Norquist said. That is in no way a productive spirits of the next generation who want to see our congressional leaders, senators operate. Host more calls for a Matthew Segal, president and cofounder of ourtime. Barbara is up next from clarksville, tennessee, on our line for democrats. Good morning. Caller matthew, i think you forld pukeep up the push young people to go through these exchanges and to sign up for health care. It is very important that young people vote so that everyone in this nation will have the chance to have this insurance. Dont be discouraged by people calling in or even in your community saying that they dont approve of it or they dont want it because we have a lot of people in the communities that get insurance on medicaid free. Their children are free until late turn age 21 to what about the rest of the people until they turn 21 . What about the rest of the people . People getting the insurance free they do not care about the rest of us. You keep up the good fight. Host we also have a line this morning for folks 18 to 30 years old. A such a line set up for you. You can call in on that line. Telepath called in on the line, he is from island heights, new jersey, republican. Good morning. Caller how are you guys doing today . Host good. You were on with Matthew Segal of ourtime. Caller i have a question for you. Why should we be forced to pay a fine if we do not have Health Insurance . As you may know, you are currently forced to get auto insurance. Precedent anhe america that there are certain types of insurance that make us all safer when we opted to a system because they protect our to provide for ourselves in the instance of calamity. The idea that we get people into a pool in order to give them coverage so that if they do get sick, they dont wind up in bankruptcy, i think, is a good Public Policy. Especially in light of the fact that 50 of banker sees in america were due of bankruptcies in america were due to disastrously high medical bills. Host are you still there, caller . Gone. Ller is we will go to john from rochester, new york, on our line from independents. Caller good morning. Good morning, matthew. I thank you arty touched on a little but about the debt, but you know i was curious and your generation, what is your is youron what thinking, matthew, share with us when the day comes somewhere down the line when the debt crisis is not an argument about raising the sailing the ceiling but about the renders turning off the faucets, no more money coming into america. By that time, the National Debt is 111 trillion. What does that they look like to you because i think it is coming. Guest good question. Inre is an interesting oped the Washington Post from former senator kent conrad. He said that for republicans to say that revenue is off the table is reckless, and it would to democrats saying that they wont touch entitlements. The fact of the matter is both sides are going to have to give in from their intransigent extremes and compromise. That is the fact of the matter. Real, oldfashioned sausage making, as senator conrad put it. Sometimes it is ugly, sometimes people emerge from the process not feeling great because they had to give up too much, but if were going to have a grand bargain, i think revenue has got to be on the table. Likent merely say things Life Expectancy should not be ow red in or we can kn and say things like we should not raise the cap on people earning over 113,000 dollars a year for social security. These are the sorts of intransigent statements that have led us into this governing by continuing resolution, and i think most young people would just look at the charts that show the Current System is unsustainable, the current interest in our debt is unsustainable. Definitely in the next several decades. There are some easy policy solutions that we all know our nobrainers here, but we frequently neglected them simply because we are bound by the and stringent the intransigent factions of political party. That is up and have to fight record as our generation runs for office and becomes the primary officeholders in congress, that will change quickly. Host are you planning to run for office yo . Guest no, i am not. I much happier educating people in creating a media awareness and awareness so i can influence people to potentially run and get involved. At this time, i am much more concerned with getting out a point of view and a rallying call to action for people to want to take part in the political process. Host how did you get involved in this . Guest i went to Kenyon College in ohio, and my college in 2004 was part of the long lines in ohio. Stood nearly 12 hours in line to vote. That was such an insane idea to me that i created a Voting Rights organization in college, which was the genesis for ourtime. Org, which i run now. Host matthew, do you think young people should be accountable to themselves for their life and not depend on or blame the government . Why . Guest i think it is a combination. I do not think you should simply be accountable on yourself for everything. I believe as most people do and a certain degree of personal responsibility, but sunday will are just down on their luck and we want to trust those people aside but some people are just down on their luck and we want to cast those people aside . No. We want to have some safety net for the less fortunate of us to get a little help. Host nicole is on our line for those 18 to 30. She is a democrat from washington, pennsylvania. Good morning. You were on with Matthew Segal. Caller good morning. I want to thank you, mr. Segal, for coming on a talking on behalf of the millennials and the movement that i see in younger people. I am on the border of this group. I am 30. But i am also a college professor, and i spent a lot of time dealing with Public Opinion and the political ideals of the younger generation. Personally learned the lessons of not having insurance as a young woman. Accidentsck climbing that interested not cover, and i issue, so an appendix i was fortunate to learn those lessons young. The effects of not having insurance and the value of having insurance. I see this general point of view coming from my students more and more as time goes on. One because they are concerned that they want get consistent jobs when they get out of college. They are stuck with debt, and theyre looking at the world from a more freelance point of view. So this idea that they will not have insurance from employers is something that i think is a constant concern with young people. Along with the general concern housing, employment here to secondarily, the second issue i see them being concerned about is this idea of longterm health. Ost and care they see elderly people not being able to afford their health care, they see their parents anchoring more Serious Health issues as they get older. They want to try to avoid falling into that sort of position in their life. They are looking for solutions for a largescale governmental change that will allow them to live in a society that is not burdened by these types of debt. I think theyre looking for very comprehensive conversations on the issue. I see students being very disgruntled with soundbite politics and with smallscale discussions that dont include comprehensive issues. That is just my comment. I just wanted to thank you for your work and for encouraging young people to get involved in this political conversation. Host Matthew Segal. Guest i will say thank you for your comment and i agree with you. Ulture hasints, coulte disincentivized so many people from getting involved. He longterm Health Care Costs you mentioned, i got to that i did earlier with the accountable feee organizations and the for service of a system which i think creates a wrong kind of a service, but you also have to deal with endoflife care, and there is a lot of data that shows there are incredibly high bills associated with the last few weeks of peoples lives. By designing living wills and encouraging mandatory living wills, that people have to preemptively deal with those issues, that will help lower cost. I also think looking at the cost of drugs, medical devices itself is critical. Yet again, if you look at the cost of certain medical procedures and devices in europe and australia, they are significantly cheaper because theres a more central thetiating force against companies to help drive down costs. I think the more we can create negotiating clout on behalf of a Larger Consumer base to lower cost. Study came out that 15 of youth out of school and work. Almost 6 million young people are not working. According to a Study Released that is quoting an ap story. Those who have neither a death nor a job. Why . Guest first of all, it is unconscionable, right . Leaving a whole generation behind because we have not had any will to invest in common sense, nobrainer Solutions Like perhaps expanding Public Service positions, which would not only match an appropriate amount of need in the sense that we have all these different projects, whether it is taking care of our elderly, repairing schools, investing in it for structure, dealing with disaster relief, so idealistic young people would want to solve problems. On top of it, there is not even been a discussion about in this town. Why has this happened . I think we had a great recession, i think there has been a tax code that favors special interests over the broad majority of citizens in our country. That is why it happened. But the real issue is what are we going to do to fix it . Host did previous generations get more help than this generation is getting . Or conversely does this generation need more help . Guest well, there was the new deal which created the civilian conservation corps which put so many people to work. There is the g. I. Bill would help so many people get college education. Now look at Student Loan Debt and we have not talked about that. Student loan debt is outlandish. Persons shareng nets 27,000 per year. , finance andficit Higher Education is reckless and stupid. We should move toward models like oregon and say we are going to be free College Enrollment. This is a rubber may just ask ill pay it forward here and were going to give you free College Enrollment in return for 3 of your income for 20 some odd years postgraduate. Therefore you do not have as much debt. You will have some debt from room and board costs, but that is a lot more tenable for people. And onlinere loops innovation in massive online open curriculum that can lower the cost of college. For some reason, we have not seen people adequately deal with the actual cost of Higher Education. Weve only seen to deal with Interest Rates, which happen this summer, which is a ridiculous distraction from the core system core symptom. Well be talking about the cost of education in our last segment of the washington journal today, new reports on the subject. More calls for Matthew Segal, founder and president of ourtime. Rick is up on our line for republicans. Caller how are you doing, matthew . Guest good, how are you . Caller good. Do you know the kinds of between progressivism and a Constitutional Limited Government . Progressivism, as latimer linens, if you had a centralized health centralized health care, you control the health care of the person, and you control the person. And your body is your private property, and it has your private property is yours. And you have rights. What this bill does and all this mean, more government stuff that is going on that you guys believe in is actually causing more government, which is less freedom. True liberals stand for Less Government and more freedom, and progressivism is actually wanting more government, which is less freedom. Progressivism are the aristocrats back in the late 1800ss, and they said they stand for the communist philosophy, but they do not believe in the revolutionaries like the blood in the street. In other words, theyre basically in authoritative positions in key parts of our government to control us, control human nature. Guest there is a strong civil libertarian streak along particularly among the Marriage Equality were young people do not want to see the government define what marriage is, the federal government or the State Government for that matter. Even more so with regards to our colossally failed one in the sense that we have now seen auto and washington legalized marijuana, and we weve nothing colorado and washington legalize marijuana. It provides more revenue for is unfortunately incarcerates black and brown men. Marijuana is actually safer than how call and tobacco than alcohol and tobacco, particularly since there is almost zero deaths per year. With regards to health care, i think the real problem is the fact that it is unaffordable for people. Most people want Health Insurance. People want Health Insurance so that they are covered in case of an emergency, theyre covered in case they get cancer, theyre covered in case any number of unfortunate symptom strike them. How are we going to make that accessible to people . By encouraging people to opt into a pool. You are lowering prices for everyone, you are giving people preventative measures, and you are dealing with a Public Policy that is literally bankrupting americans. I dont think we can be so absolute as to think that any policy that encourages people to enroll is a direct assault on ones liberty. I think part of the reason we have opted into a society and social contract in the first place is to give up some sense of liberty for our collective general where fair. Welfare. That is a compromise. Host does ourtime endorse any candidates . Partisano, we are a non organization. We do not endorse political candidates. Host is there a politician right now that you think speaks for millennials in either party . Guest that is a good question. I would say you have seen a huge popularity particularly around the Student Loan Debt issue with Elizabeth Warren in the sense that she was a National Leader why arein saying we saddling the next generation with debt . Teasing them with low Interest Rates now that are going to inevitably climb later. That is the sort of rhetoric that is going to get a good lot of young people fired up. She has some Energy Around her. Cory booker has some Energy Around him as a young and passionate new senator. On the republican side of the aisle, there are some youth Energy Around rand paul, particularly in his statements on the war on drugs and marijuana legalization. Host speaking of rand paul, what about ron paul, the oldest member in the republican primary field and the last election but also got a whole lot of. Why do you think that happened . And hehe certainly did had a mission that she had a message that was do so to to some degree antiestablishment. Washington dc has turned a lot washington, d. C. Has turned a lot of people off. He also made some sense on issues that appeal to the civil libertarian streak in millennials. Up next from is chattanooga, tennessee on our line for democrats. You were on with Matthew Segal of ourtime. Caller thank you for taking my call. Hear me out on this. I have a couple of things. As far as the exchanges, i think the millennials should have had a chance to design the website, apps, Something Like devcon bringing the brightest and the best to set up the websites. Guest i agree with you. Caller just like the 401 k s, you had pensions in the old days. Now, with the Affordable Care act, you did to take your insurance with you. The world has changed. And millennials should be in control of that. Your job does not depend on your insurance. Thirdly, you have got Childhood Obesity and earlyonset diabetes. Those are precondition those are preexisting conditions and young babel had to deal with that going forward. I think you should add that to your talking points to young people. I am not here to disseminate talking points, you but your point on preexisting conditions is spot on. There are a lot of young people today with asthma, which is a preexisting condition. Course previously converted to Insurance Companies hiking their premiums, and that is unfair because people with preexisting conditions is not like they are not part of our families or people that are friends of ours. They are disproportionately burdened given the way they are born or what condition they are born with. To your other point about pensions and so forth, i think people believe in a safety net that is not necessarily contingent upon the whims of the stock market. Look at what happened in the financial collapse. So that is why young people do believe in a safety net, want to see it maintain. I just think we need to have realistic conversations around a little bit of the give and take that will allow it to persevere well into the 21st century. Host john is up next from new jersey on our line for independents. Good morning. Caller good morning. You areo you saying that your group is nonpartisan. Anybody watching this knows that that is really not the case. Thano lean more liberal you do conservative, i will say. Guest that is generational. Thetlined we reflect philosophy of our generation. I outlined where our generation stand that we try to do our best about representing them. Caller ok. You mentioned people like cory booker just a minute ago. Guest i also mentioned rand paul. Buter i understand that, when you say somebody like cory booker just because you save rand paul does not mean that barack obama is in the same sentence. Let me get my point. You mentioned things well, it is important that people get on these changes, the young people of your generation. In the same breath you say you can say on your parents address until they are 26. If you are on your parents address until the you are 26 and you are relying on them to get they are notnge, going to get on the change. You also say when someone gets hurt, they cant go and pay their outofpocket costs. One other thing you mention is contraception. That is not catastrophic. That is a couple of pennies out of somebodys pocket. Its not like you do not want anybody to pay for anything. Matthew segal, i will give you a chance to respond. Guest that is not true. First call, there are copays with doctors visits, and i do believe there should be some skin in the game for everyone in order to realize that there is no such thing as a free ride when it comes to medical bills. That is part of what put us in the deficit in the first place. I mentioned that earlier. But with regards to the 26 provision, almost every republican in Congress Supports that position. No one wants to reveal the 26 provision. Even even back in 2000 and 20 Affordable Care act was being debated, even back in 2009 when Affordable Care act was being debated, nobody wanted to repeal that. When he turned past 26 you enroll in these changes when you turn past 26 you enroll in these exchanges. The Preventive Care that is part of the Affordable Care act will make people less dependent on going to the doctor, and therefore will save money in their pockets, which they can put into the economy to grow the economy and create jobs in other places. Yet again, it is looking at this in a more conference of view about what is good collectively for americas economy. Seconds, ae last 30 viewer on twitter wanted to ask about mandatory military service for young people. Guest i think it is a provocative concepts. Im not necessarily 100 opposed to it. I think to a certain degree, at least mandatory civilian or National Service im not opposed to because i think giving everyone a sense of duty and civic obligation would certainly increase the civic life in our country and encourage more people to help right the menu write the menu so their interests are represented. Host Matthew Segal is cofounder and president of usa today, of ourtime. That is ourtime. Org. Coming up, we will break down jpmorgans efforts in the wake of those mortgage bonds that were sold in the lead up to the financial crisis. Later, we will break down the newest report from the College Boards trends in Higher Education. We will be right back. I saw firsthand the tragedies that children face when they are not cared for by loving parents. Was in the Sheriffs Office where i first witnessed the horrors of child sex trafficking , and it convinced me that we needed to do more to protect our youth at risk of abuse. Like me and other youth, we become accustomed to being isolated, much like the victims of domestic violence. By adopting to multiple moves from home to home. This allows us to easily adapt to when traffickers move us multiple times from hotel to hotel, city to city, and or state to state. And these exporters go without fear of punishment due to the lack of attention on young people from the population gone missing. No one looks for us. I really want to make this clear no one looks for us. When they hear the term child sex trafficking, most americans think that it only happens in other countries or that foreign children are brought here to be sold in large cities. In fact, we have learned that most of the victims of child sex trafficking are American Kids who are trafficked into small towns and large, urban areas. If people are not aware of it, they are not looking for it. Houses weekend on cspan, ways and means looks at changing foster care system to prevent sex trafficking. This morning its a lucky certain on cspan. On cspan2, spend two days in austin live at the texas book festival with panels commemorating the 50th anniversary of the jfk assassination. On cspan3s American History tv, in a country deeply divided, how did candidate lincoln resolve the political and moral dilemmas created by the issues of slavery, sunday evening at 7 30. Washington journal continues. The big news in the financial world this week involves effort by j. P. Morgan chase co to reach a settlement with the Justice Department and other federal federal regulars over the scale that has turned out to be low quality Mortgage Securities in the lead up to the 2008 financial crisis. To explain the evolving deals that have been happening this week, we are joined by Dan Fitzpatrick who has been all over this story for the wall street journal. Dance instructor, thank you for coming on. Fitzpatrick, to it for coming on. J. P. Morgan settles with fannie , and we see a 5. 1 billion deal and there. Explain this. Designedis was always to be part of the 13 billion deal. The fannie and freddie deal was negotiated separately from this larger deal we have been writing about with the Justice Department feared fannie and freddie basically decided to do their own thing, put out their , jvm did the same last night, and the hope still is a they can wrap this into a larger deal, they are actually still negotiating, and that is not done. In fact, there are still some snags around that that we wrote about this morning. Host the larger deal is with the Justice Department itself. How many different charges would be wrapped up in the settlement, whether it is 13 billion or 13 billion minus the 5 billion to date . Some of that will we do not know the extent of yet. We know theres at least two, maybe three Justice Department we will call them cases because they have not yet reached the stage of the lawsuit. We do not there is also a lawsuit ryans Jpmorgan Chase by the new York State Attorney general, eric schneiderman. There was also a lawsuit brought by the credit union regulator. Creditor of the nations. And then of course there is this fannie and freddie deal that we wrote about today. Basically, what is underlying all of this is that Jpmorgan Chase is trying to get as many of these cases out from under it as possible. Settle all of them at the same time if they can, and really gets clearance on any sort of future lawsuits in this area, in the area of the securitization of mortgages, which is what a lot of banks did. A lot of these mortgages were to fannie then sold mae and freddie mac. They were among the biggest buyers of these mortgages leading up to the crisis, which is why the number that we sell this morning was so big. The 5. 1 billion. Host if you are the Justice Department or some of these other entities that have these cases that we have been talking about, why settle rather than move forward . Well, it is a very good question. I think one important distinction we need to make here is in the case of the Justice Department about what they have refused to do any negotiations with Jpmorgan Chase is to take a criminal investigation often table. Jpm has tried very hard over the last three months to basically get the Justice Department to say we will drop it in exchange for again this big number. I think this is a linewe this is a new that we are seeing the Justice Department take. We think they will do the same thing with other banks, saying you can write us a big check, but we are not going to drop these criminal investigations against uv could we might drop the civil investigations, which is what against you. Drop the civil investigations, which is what we are seeing here, but not the criminal peer frank lee, a a lot of things are concerned about it. But not the criminal one. A lot of banks are concerned about. Here is a an article the tiger paper roars host this task force that is restaurants that is referenced here, is lena. Guest explained that. Guest it was to reflect the selling going up to the crisis. It was in part to address criticisms that the government had not really held these banks accountable for any sort of misconduct to the crisis. There are a number of members on the task force, eric schneiderman, the new York State Attorney general is one of them. I think what that task force has done lets take the case of se issued a bunch of subpoenas, farmed out different aspects of the alleged misconduct to different u. S. Attorneys offices around the country. For example, the u. S. Attorney in sacramento, ben white, he was the one assigned to look at just jpmorgans issuances as opposed to bear stearns or Washington Mutual, the two banks that Jpmorgan Chase purchased during the 2008 financial crisis. Then wied was able to find ben white was able to find one female employee, a whistleblower of sorts, not cooperating with that investigation. That is a criminal investigation as well as a civil investigation out of that office in sacramento. Employee has pointed the u. S. Attorney to emails that seems to indicate or at least she fills seemed to indicate that she warned jpmorgan that higherups that jpmorgan that the press were not forthright, honest about the quality of these mortgages that were being sold to investors, the investigation. That one employee really helped , and itors elder case has given prosecutors deleverage any issue with Jpmorgan Chase to say we are not going to act down criminal. We can settle settle, but we will continue with this criminal case. We can settle the civil, but we will not consider but we will continue to promote oks. We will continue this criminal case. Host from under open. Republicans can call 202 585 3881. Democrats can call 202 585 3880. 202 5853882. If you are outside the u. S. , it is 202 5853883. Dentist frederick covers wall street Dan Fitzpatrick covers wall street for the wall street journal. First up is jordan from laramie, wyoming. Good morning, you were on with Dan Fitzpatrick. Good morning. Thank you for your serving caller good morning your to why for your service, cspan. There is an Organization Called acorn they put a lot of pressure that put a lot of pressure on commerce would put a lot of pressure on the banks. Address that organization, acorn, i will take my answer off the air. Stuart. Will will take my answer off the air. Thank you. Guest im not assembly with that organization, as you probably are. Say is that i know there is sort of a big debate about but i think is still ongoing, right, about why the banks did what they did leading up to the crisis. In terms of the banking of all , providingrime loans loans to borrowers who did not have jobs or income. Know, there are obviously two sides to that argument. I think perhaps pointing to one side that might argue that banks to open up their pool of loans to as many borrowers as possible, borrowers who perhaps were lower on the income scale, and that sort of encourage them from washington and that sort of encouragement from washington is what drove them to make so many bad loans moving up to the crisis. A little bit talk about the role of the u. S. Government going back to when jpmorgan acquired Washington Mutual and bear stearns . Yeah, again, this is another debate that is still playing out. In a 2008, jpmorgan purchased first bear stearns in early 2008, really before the crisis. 2008, when the crisis was really at a full boil, it purchased Washington Mutual, which was a seattle based thrift that failed. Regulars took it over, and then after a bidding process, Jpmorgan Chase was the winning bidder. Reallywo transactions vaulted Jpmorgan Chase to the top of the banking world. Parts oft a presence the country had not been in before. Street, it really turns Jpmorgan Chase into the top player or one of the two or three top players on wall street. Jpmorgan chase benefited from these transactions greatly. At the time, they were to dod to do old both transactions. Jpmorgan was viewed as a healthier bank, a strong bank, as a rescuer. At the time, regulators were looking for strong banks to take over weak banks. As a result because this was happening so fast, jpmorgan did not do a ton of Due Diligence in either of these transactions. There were these hastily produced agreements, especially in the case of Washington Mutual. Here ine years later, this a doj settlement that we were talking about, jpm is in essence paying for some of the mistakes made by bear stearns and Washington Mutual before it even purchased these companies. Jpmorgan has argued to justice that you should not it is unfair to hold us accountable for the mistakes of these companies that we acquired. I think there is a view in that when jpmorgan inherited these companies, it also inherited their problems. We are now going to hold you accountable for that. One thing we wrote about this morning, one sort of interesting element in these talks, and we will see how this plays out over the next week, but there is a dispute between Jpmorgan Chase and the fdic, which ensures insures all of the nations banks, all of the depositors of the nations banks, i should say. There is a dispute over who should pay for the mistakes of Washington Mutual. Jpmorgan wants to put all the Washington Mutual liabilities in essence on fdic or on the receivership that is left over from the Washington Mutual failure. Fdic is saying it is all on Jpmorgan Chase. It is going to be up to the Justice Department to really make a decision about who is right. The settlement we have written about, 30 billion, hangs in the balance. Host or team billion dollars, hangs in the balance. Host what do we know about when that can be finalized . Guest there is a possibility over the next week again be finalized. Of course without that last week. On october 18. That is when a tentative agreement was settled during a phone conversation between attorney general eric holder and ceo of Jpmorgan Chase. They reach a tentative deal pier we thought they were be a deal last week, but there is the snack that i am referencing around the Washington Mutual liabilities that is really sort of how that. Were just going to have to see over the next week how that plays out, and that is why we saw last night fannie and freddie go ahead with their own deal. I think they just wanted to get that out there, not wait for this larger deal to come together because there is still some uncertainty around it. Host several folks waiting to talk to you, Dan Fitzpatrick of the wall street journal. Steve on our line for independents. Caller thank you for taking my call. I have a comment and a question. Jamie dimon promise thats of company was capable managing its risks and every thing along that line which although not happen. In the olden days before they were legal changes, banks were required to retain an interest in loans they made, and that was kind of a way that banks could be required to really have good practices because if they did not, they would lose money. Recently, the banks and others are allowed to secure their interests in these loans, misrepresent their quality, and then sell it off entirely. This is why i think so much of the bad stuff happened. ,y question is when was it and how much was jpmorgan and jamie dimon involved in changing the regulations so that they could not have any continuing interest in these loans . And securitize the whole thing and sell them off. Host Dan Fitzpatrick. Guest frankly i am not sure i know the answer to that. I will say that Jpmorgan Chase before the financial crisis more anistorically was Investment Bank then it was a commercial bank with branches and deposits. 2004 with theil merger of bank one and chase that it took on more of a retail presence. Jamie dimon did not become part of the company until 2004, 2000 five as part of that merger. He was the ceo of bank one. I am not sure i can draw a line the question that you are asking. I think it is sort of outside of his scope. Kiki on twitter points out that jpmorgan has set aside a reported 28 billion in reserves for these legal actions. She said because they knew mortgages would have further legal action. What further legal action are we looking at besides this 13 billion . What is the rest of that set aside for . St again, they do have 23 billion in legal reserves to cover any future settlements, legal costs, etc. So they are hoping that settlement with doj will clear up a lot of the mortgage stuff, although as we talked about, it is not settled the criminal case. And Jpmorgan Chase still faces scrutiny from regulators on a number of fronts. The regulators are looking into and daughterssons of chinese officials and whether or not there is a connection between that hiring and certain deals it was able to win in china. That is just one example. Another example is there is a criminal investigation into how or whether or not the bank provided adequate warnings around the fraud of bernard made off. For about two decades, Jpmorgan Chase was Bernie Madoffs primary day. Prosecutors are looking into whether or not the bank had any sort of inkling of what was going on, and if it did, didnt try to provide some kind of warning to regulators about that. Those are just two examples. I mentioned the mortgage rea lm. Even with the settlement, it is not a lemonade all of their problems there. There are still a number of lawsuits. There is one very prominent lawsuit where Deutsche Bank National Trust company is seeking damages as much as 10 billion from Jpmorgan Chase again over mistakes made by will Washington Mutual. Made by Washington Mutual. This goes back to the debate over who should pay for Washington Mutual the fdic or Jpmorgan Chase. There is a potential huge payment they may have to make. And then there are all these private investors. Forget for a moment about freddie mae and freddie mac. The governmentsponsored entities. There are all these private investors who purchase the same mortgagebacked securities that went bad. They are also now seeking huge payouts from Jpmorgan Chase. There is one group in particular, we wrote about this and this past week, that is seeking around 6 billion from again over these securities a bought that went bad and that they failed Jpmorgan Chase misrepresented in the selling of these securities. It is really a laundry list of stuff that theyre going to have to deal with. That is why the legal reserve pot is so large. Host we are talking with Dan Fitzpatrick, he covers the Banking Industry from new york city, up there in new york on wall street for the wall street journal. Previously wrote about banking from the wall street atlanta bureau. He is taking your calls and questions on this deal that is in the works with the Justice Department, the deal that was announced last night with fannie and freddie. Up from southfield, michigan, on our line for democrats. Kevin, good morning. Caller good morning. Thank you, cspan. Antiwhite, the surface patrick. My question is this and thank you, mr. Fitzpatrick. What about the individual homeowners that were pressured into buying these mortgages and then ended up the values after they take doubts, and now you have people short selling houses. I mean, you get the big payouts, all of the big payouts are going to the freddie macs and all over the place, but when is it going to trickle down to the individual, small people that got hurt . Host Dan Fitzpatrick. That asell, i will say part of this 13 billion settlement that we keep talking about, i should say there is a portion of that which we think is around 4 billion that is actually supposed to go to homeowners. Homeowners who are in situations than theye more owe more on the mortgages than the homes are actually worth, that they are underwater, the term that is used. Billion that the 4 will go to these homeowners in ,he form of rentable reductions reductions on the principle of their loan. The discussion between eric holder and jamie dimon that i referenced earlier, they talked specifically about targeting cities, big metro areas that were particularly hard hit by the housing crisis. Cameit was one city they up in their conversation. Jpmorgan has a pretty big presence there, and jamie dimon knows that area somewhat. As an example, a discussion around perhaps sending some of this relief to homeowners in a detroit in the form of principal reduction. There have been other attempts like this, these large settlements. There have been so many that it is hard to keep track, but there have been two or three in the last i would say two or three years that it had a component that sounds very similar to what i just described. Principal reduction, Loan Modifications for homeowners. Been mixedere have results and how effective those programs have been, and how much actual relief the homeowners actually see, i think the trick obviously here is in the execution, and there have been some stumbles on the part of not only the banks but the surenment, too, in making that that money gets to homeowners and that it is effective relief. That there is Effective Communication between the homeowners and the banks. Host victor on twitter make the comment the financial web is so entangled that it has taken this long just to prosecute these bankers. Keep it up, doj. It brings up the question of statute of limitations on some of these. Can you address that . Guest yeah, well, there is a case we have not talked about, another case this week with another bank, bank of america. A jury found that bank of employees well as one were both liable for fraud. Of thesethe selling mortgages to fannie mae and freddie mac. What is interesting about that in terms of the statute of limitations is that prosecutors have dusted off an old law left crisis, saving l and loans crisis from the 1980 for ths. They have up to 10 years to pursue these fraud charges. I think you will see prosecutors use that more often, especially now that they are successful in this case with the bank of america. That was a sort of surprise to many this week. Host because the previous statute went back to about five years, right . Guest exactly. We were same sort of an extension here from five to 10, meaning a lot of this activity occurred around 2005, 2006, 2007. Prosecutors have maybe up until 2017 to bring these cases. We are nowhere near the end of this. We are more sort of in the middle than the and i would say. Up fromris is jacksonville, alabama on our line for independents. You are on with jan for stretcher you were on with Dan Fitzpatrick from the wall street journal. Caller thank you for taking my call. I was just everyone look into matt pavey on this issue. Where i am from an alabama, Jefferson County that was going to be the biggest bankruptcy of a city at that time. Into, werelooked still dealing with this. Most dont even know the jpmorgan was directly involved in that because they were making millions in fees. Dealing with this issue in the 13 billion is a drop in the bucket when you list all the securities that were bundled up. Talking about bernie made off, with their dealings with him on cspans own website, there was a hearing exposing him. A lot of their. A lot there. Can you address the tax write offs . We think a portion of this will be taxdeductible. What is in question is how much. It is at the discretion of the government to allow jpmorgan to take as much or as little of this as it can in terms of tax deductibility. One thing i do know about how bet works is that there will a penalty portion of this. Ettlement, about 2 billion there is no taxdeductible t around that. Ability around that. There are lawsuits or probes, like what we saw last night with the fannie and freddie may settlement. This jpmorgan have to admit wrongdoing in some of these settlements . Guest that is been a sticking point. It did not admit to any wrongdoing in the settlement last night. With the dojis settlement, what will they admit to . That is part of what is still being negotiated. Is being pushed to admit that they did not follow their own Due Diligence standards, which jpm has been resisting. That is one of the main unresolved issues that have to be crossed off for this deal to be concluded. Dan fitzpatrick of the wall street journal has been covering this closely in new york. Omment on our twitter page we go to the phones. John is waiting on our line for republicans. Good morning. A question about fannie mae and freddie mac, but a few comments about the financial crisis. Maybe eric holder needs to sue his whole boss. Com,d read thekaiserreport then check out a video called the warning. Bill clinton deregulated the glasssteagall act, which eventually led up all led up to all this in responsibility in our financial markets. What about fannie mae and freddie mac . Appointees by bill clinton got 130 million worth of bonuses for buying these toxic mortgages and bundling them and selling them. All thisbility for mess is deep and wide. These government regulators were in on these ponzi schemes, with bernie made off madoff doing nothing. Laura is up next on our line for independents. I read a bookear called, all the devils are here. As i recall, Goldman Sachs was involved in a lot of this funneling or whatever you want to call these processes. Why are they not being signed in . When iit so offensive see these im going to call being paid enormous salaries. 70 million, 80 million a year ceo pay. Im sure the people under them also make substantial moneys. The poor people that were i cant even find the words. Host if you can address lauras question about the role of Goldman Sachs . The securities and Exchange Commission did bring a case against goldman a few years is roughly in this same subject area. It was a prominent case. When it was filed, goldmans stock plunged, and there was a lot of concern about the impact on the firm, on its ceo lloyd blankfein. Goldman was able to get out of that by paying a large fine. There really has not been as much scrutiny on that firm since. Now is now sort of the bank on the hot seat. Is entering a new phase where its trying to take a harder line against these firms, and not just except the boilerplate, we neither admit nor deny these charges, which i believe that was sort of the s. E. C. Casef the against goldman. Line inseeing a harder reaction to criticism, and also trying to hold these institutions accountable for what they view as wrongdoing. Host you bring up public perception. Jamie diamond dimon, here are two headlines involving him. Jamie dimon is a colossus no more, from bloomberg newsweek. Dimon will be just fine. What has the settlement done to jamie dimon and his stature on wall street . Guest one thing we have not is the london whale trading controversy of last year. Jpmorgan lost more than 6 billion on a series of trades on a small london outpost of the bank. A group of traders made a bunch of bets that went bad. There were a number of investigations, hearings. Jamie dimon had to appear before a senate committee, the house as well. There was a lot of speculation jamiess might lead to departure. Speculationme more around this settlement, and all of the legal problems. Jamie has been resilient through all of this. One thing we have written about and others have written about is that jamie and his board seem aligned around this view, especially now that they are being unfairly punished for some that theacquisitions bank made during the financial crisis at the urging of regulators. That argument is right or not right, but the point being that he and his board do seem to be aligned in that view. Explain why helps he is still there, why he is still chairman, why he is still ceo. Appears that he has the support of his board, and for jamie, that is the most important thing. Comments on twitter, wondering if this settlement confirms that ceo types are way overpaid and not very bright. A caller on our line for democrats. Dimons ideank mr. That hes not responsible for the company he acquires is specious. The average businessman buys a company and there is something wrong with it, hes responsible for that from that point forward. The whole problem with this topic seems to be that it is rampant throughout. You have the original lenders to happened witht chase, it happened with bank of america, and so on. They did the origination, we mathematician. Whales, who have created these fake securities that are fraudulent when delivered to the public. Worldwide money laundering. Why in the world of these organizations even allowed to continue to operate . Supervisory suggestions would suggest that the higher it goes, the more they are fined. Idea that there is not any jail time is unrealistic. Barred andbeing paying fines instead of being banned from the industry. For the common man, none of this would be tolerated. One subject that has gotten a lot of attention is when eric holder said that some firms are too big to jail. Theres been a lot of speculation about whether that was an offthecuff remark, or reflected the view of the administration. What were seeing now with jpm by justice to show that it is willing to take a criminal case to its conclusion. Its going to continue with this criminal investigation of Jpmorgan Chase, even if we see this 30 billion settlement. They view that as an important shift. As far as the question about why havent individuals been held accountable, thats also very interesting. It has been difficult for tent,utors to show in which is an important element of any criminal case. A show that it was not just bad business decision or bad business strategy, that there was in tent intent to commit fraud. That is a really high bar. In a variety of instances and concerning a variety of figures that are well known, the government has not been able to prove that. Get in one more call before we lose you, Dan Fitzpatrick. Georgetown,ng from massachusetts on our line for independents. Caller good morning, guys. Im with some other colors callers who are seeing criminality in all of this. That on you aware approximately september 15, 2008 that there was a run on the u. S. Treasury, and money was flowing out of the treasury so fast that afternoon that the treasury system was going to go bankrupt if an automatic Electronic Device did not kick in and prevent more withdrawals. The representative for michigan had a moment of truth on cspan and he said, this actually happened on september 11, 2008. With all these massive withdrawals at one time in the morning, which is the peoples why doesnt the s. E. C. Look at the enormous withdrawals, courtney did effort between the big banks to drain the money out of the treasury coordinated effort between the big banks to drain the money out of the treasury . Host is that something you know much about or have covered . Guest i dont. I remember that day and how chaotic it was. There were a lot of concerns, fears. There were runs on Banking Institutions that we known now know about. I cant speak to the callers question. Dan fitzpatrick is covering the jpmorgan settlement and deals in the works. Up next, we will discuss two new College Board reports looking at tuition growth rates and decreases in federal dollars per grants for grants and loans. In thelack was recently news for comments made during his opening prayers about the government shutdown. Simon perez sat down with the chaplain to get his take on congress and his job. [video clip] very black has served as a Senate Chaplain for barry black has served as a Senate Chaplain. Prayers out of the overflow of my devotional life. Day,d the bible every probably for at least an hour. I read the bible to prepare sermons, for my personal spiritual growth, and out of the overflow of my devotional life, my prayers emerge. What i get devotional he i connect to my devotinally devotionally i connect pastorally to the people who make up the senate side of capitol hill. My prayers consist of the synthesis of devotions and pastoral outreach. You used the shutdown, Strong Language such as, deliver us from hypocrisy. Were you trying to make a political point when you said those things . I dont think i was attempting to make a political point. I was trying to describe the environment that i found myself in. I am a pastor first and foremost come and not a politician. I am descriptive rather than prescriptive. Was i was describing phenomena that i saw on both sides of the aisle. For instance, i made a statement, remove the burdens of those who are the Collateral Damage of this federal shutdown. Most of my members were for load. Furloughed. Plea for there not to be a delay in death benefits to the grieving families of our fallen warriors. I did that primarily because i have made scores of death notifications to next of kin as a Navy Chaplain for 27 years. I appreciate the incomprehensible nature of their grief. Praying out of pastoral concern rather than trying to make a political point. What was the response you received from lawmakers . Someone who may have been upset about some of my prayers would probably be a little reluctant to come to me and say so. Most of the feedback i received from both sides of the aisle, the feedback was very, very positive. I see these lawmakers on a regular basis. We participate in a weekly prayer breakfast, we participate in a weekly bible study. They know me. They have been listening to me pray for over 10 years. 99 of the prayers that have been offered at the convening of decadeate for the last have been offered by me. They know that when i go off rogue, they i go know, this must be very important. ,f you cry wolf in every prayer when it comes time to say andthing that is pertinent urgent, no one is going to believe you. The pointed nature of my prayers reflects the fact that most of my prayers are fairly placid. It is only when i am convinced that something urgent needs to be said remember, im not directing this to the lawmakers. Im directing it to the sovereign god of the universe. I think they take that very seriously because the scolding aspect is not the normal quality of my praying. What is your response to people who make the argument that there is separation of church and state . The Supreme Court in march of thechambers, 1983, held up chambers, 1983, held up the constitutionality of prayer. The separation of church and state was referring to the establishment of religion, having an official state religion or governmental religion. What is your favorite part about being chaplain . My favorite part about being the 62nd chaplain of the u. S. Senate is that it provides me with a front row seat to Human History. About theore written legislative branch of government and our constitution than any other branch. Having ae privilege of front row seat to the legislative process. Most people are not so much afraid of dying as they are of never having truly lived. Anyone who has a front row seat to Human History can shuffle off certain that he or she has truly lived. Washington journal continues. The College Board on wednesday released its annual report on trends and College Pricing and student aid. Joining us to discuss these reports is the editor of inside lederman. , doug this is a bit of bad news for families. Guest the College Board is the primary source of data on how much colleges are costing, how much students are spending. Probably the positive news is that the rate of tuition increases are slowing. The prices that people see in headlines and on applications 3 and 4 ,to between public fouryear colleges, it was about a 2. 9 increase, the lowest in 30 years. That is the good news. The other types of colleges were 4 . or 4 showing the average prices of tuition and fees for public, instate. A growing faster than it is still growing faster than inflation. That is the most positive news in here. Flipside of the monitor moderating or moderating influence there is what students actually pay, the net price, net tuition actually rose more than that. A rose for the first time in quite a while. That is because the amount of Financial Aid that the federal government thats how you come up with a net price. Support. Act out the the grant aid from the federal government, which had been sharply increasing in the late 2000s, started dropping in the last couple of years. ,hen you combine those factors what the average student paid at a public fouryear increased by 2 . What a student paid at a four your private institution rose by 4 . The Sticker Price is what gets the headlines. The net price is what is most important. This is the smallest one year increase in 30 years on the public fouryear school. What is that small increase being attributed to . Guest theres a lot of factors in how colleges said their tuition prices. The biggest factor for public is state institutions support. States our system works, provide support to institutions. Inhave seen sharp decreases state support, a steady decline in state support over the years. There was a big dip in the late 2000s in the wake of the recession. Supported public fall, where do they look for revenue . Usually to the students. The states have slowly started to come out of the economic downturn in the last few years, and start to put more money into Institutional Support and Financial Aid. A factors have allowed we saw a bunch of states freeze tuition. 12 of students this year saw no increase in their tuition because states were freezing tuition. When state support starts to climb back up, tuition prices and slow the increase in tuition prices can slow down. Host we are talking with Doug Lederman, the editor of inside higher ed. You can check out his work at insidehighered. Com. Us a call. The lines are on the screen. We also have a special line in this segment for College Students and parents, that line is 2025853883. One other thing i want to ask you about is that tuition and of what a small part the overall cost of college is. What happened with room and board, books, and transportation . Those things tend to edge up. They rose in a couple percent range too. For a lot of students, the amount they pay we tend to have a skewed perspective. More students are not residential than residential these days. For those who pay room and board, that is a hefty price. , which is whatl some of these College Dorms look like. Room and board, transportation the College Boards new number estimates the cost of a public fouryear in aboutoncampus school is 22,800 with all those things for one year. Out, onfouryear come campus, 36,186. The total is 22, like you said. That puts all that other stuff at 13, more than half. Your we are taking comments and questions. The first call is on our line for democrats. I got a scholarship to attend Temple University based upon volunteer work i had done. Six months after the program lost its funding, and to stay in college, i took many jobs offered on campus. Also, reading bulletin boards, i found many grant sources. I have a lot of them listed at wanttruecollegemoney. Com. Freeents, ask for fight Financial Aid information. Host the topline numbers on grants this year is that during 238. 5d 2013, about billion in Financial Aid was distributed to undergraduate and graduate students. Those come in the form of grants, loans, federal tax credits and deductions. We are seeing it dip down from the Previous Year on total federal grants and total federal loans. Fromow you those numbers 2012, 2013. Was 47 billion for federal grants, down from 52 in 2010, 2011. On the long side, 101 billion in 2012, 2013 on loans, down from 100 12 billion available in federal loans from back in 2010, 2011. Why . Guest there was a big expansion. You have to look at those numbers over time. It happened a little bit at the administration, a sharp increase in pell grant money. The pell grant is the primary source of grant money for low income students. That is the original purpose of federal Financial Aid, to allow people to go to college who would not have that opportunity otherwise. Pell grants went from 14. 8 in 2010to 37 billion or 2011, and it jumped back down in 2012, 2013 to about 32 billion. It was getting too expensive. When you see a federal program grow almost three times over seven or eight years, there was some concern in congress and elsewhere that it was growing too fast. Part of the reason it grew was that in those years, there was increase in aid awarded, but a change in criteria. These are not rich people, but people earning even into the low 50,000s a year. Higher education is countercyclical. People go to college when Work Opportunities are not great. We saw in the last couple of years was somewhat better great,ent landscape, not but better. People who had been going to college and getting pell grants went back to work. There was somewhat less demand. Reductions, have state or private group stepped in to help with demand . We have seen improvement in the state economy. There is been a ratcheting back up of state grant support. We had seen institutions making up the difference. The squeeze on colleges is that for them to find enough support to provide enough grant aid to students is getting harder and harder for them. We are seeing downward pressure on tuition. Ability to pay is being stretched past the limits. Shauna is on our line for independents, calling from maine. I was dealing with a banking issue with my mortgage. m a single mother and veteran i was going to school parttime and taking Student Loans out, and getting pell grants. It seems like the issues have been resolved with the Banking Institution on the mortgage part of it, but this past summer my Student Loans doubled. Financials though the institutions that are related to my mortgage lenders gathered my Student Loans up. With all the disarray going on , is itington right now going to be a double whammy . My Student Loans a bold doubled. I had to stop going to school so i could keep my home for my daughter. Im a disabled veteran. I still have my house. Product. Ll my now that my Student Loans have doubled in interest, and i cant afford to go back to school is a long topic. Its a long topic. Student loan Interest Rates have muchcomplicated and a fought political issue as of late. They were set to double last year. That was put off. But i would argue we should do is, lets step back. There is a real broad set of questions being asked right now about whether we have got the best way to finance the Higher Education system and people possibility to pay. Peoples possibility to pay. Families are being stretched beyond their breaking point, and inre seeing government reign what theyre willing to spend on Higher Education. That is why you have got president obama asking hard questions about whether we have the right set of financing for Higher Education. Host this report from the College Board also has information about student debt and how large it is. Student debt has doubled since 2005. The average debt owed by a student is 26,500. One interesting chart from that is the total amount of , 962nding education debt billion right now. 40 of folks who own some of that debt owed less than 10,000. 30 oh 10,000. Guest student debt is one of the issues that has driven home this overall financing problem. That is ofs those who borrow. 60 of students borrow for their Higher Education. Those figures have risen quite a bit. The total debt level has that figure, therellar is data showing it has hit 1 trillion already. That figure has really captured the public imagination. It has surpassed credit card debt. That is one of the things creating real public pressure on Higher Education to get this figured out. The debt levels are increasing. The 200,000 figures you cite are rare, but they are astounding, and they tend to be people who have gone to gradual School Graduate school, medical school, law school. Were going to see the biggest debt issues raised in some of the graduate degree areas where can wee people saying, really afford to be having people humming out of graduate school with 200,000 in debt coming out of graduate school with 200,000 in debt . Host a comment on twitter guest this whole set of data around the College Board report we are talking about are all it. Sed on who pays for that is one of the takeaways from this report am a which is that the reason we have seen net because up this year is outside support to offset tuition increases has abated. Atre are people who look this and say, what the data shows is the federal government has fueled the ability of institutions to continue to raise tuition, and that now that the federal government has pulled back, the schools cannot find ways to do it. It is hard to argue with the we justo say, dont have to start bringing down the cost of education, period . It is easier said than done in some places. A lot of the things you might use to bring down the cost of education such as technology dont necessarily bring down the cost. Down the cost, you also bring down the quality. That is where the hardest discussions will be over the next three to five years, how can we bring down the cost of providing the education without hurting quality . Host a comment on twitter barbara is waiting on our line for democrats. Good morning. Would like to know, or if you can clear my mind a little bit in the state of michigan, we always paid our property tax. Part of that property tax went to the schools, including western and michigan and all the state schools. We are paying from property, we are paying from taxes. Loans. Paying from the and the books. I can barely come home with a book, used, for 200. A height of how they can sell used books, and get that down a little bit . When you look at why College Costs what it costs, a is on the expenditure people. Faculty, staff. Would you go back to the figures you cited about what makes up , iftotal cost of education youre talking about room and board, the climbing wall has become the famous icon for critics of Higher Education. Its hard to look at the fancy amenities out there. The proportion of students who are at schools with climbing walls is tiny. Half of students attend schools where the tuition is under 12,000. Aning said that, it is expensive proposition and there are a lot of efforts out there. Her question about the textbooks, theres a lot of pressure on the publishing industry, on bookstores and others to try to drive down tuition drive down the cost of educational materials. That is one place where technology and digital can make a difference. Theres a Real Movement towards open Educational Resources that can really drive down the cost of education materials. Slower than people would like, but away from hard textbooks. There are ways that cost curve can be bad, but it takes time. Listing the average cost of colleges, tuition, room and region. New england being the most expensive. ,he middle states coming next followed by the western states, just about 20,000. The region with the lowest costs for a fouryear Public Institution is in the southwest, 15,757. That is average tuition fees, room and board for a public, fouryear University According to the College Board. We have a line set up for College Students and parents, if you want to talk to Doug Lederman about these reports that came out this week. 2025853883. We also have our standard democrats, republicans, independents line. Robert is on our independents line. Caller on the first chart he put up, the one that shows the percentage increases of tuition, it is truly interesting that one of them is between the outof state rate, 22,000 dollars versus Something Like 8,000. Which says that the funny 2000 probably represents the real cost. 2000 probably represents the real cost. At the bottom it said, size too to represent conclusions. Host if you follow this continuing line on room and board, fees, and total charge fees, that line is in reference to not having enough information for those statistics. Profit schools dont have anybody who resides on campus. It is a very specific footnote. Sorry about that footnote being shown. If you continue on, it shows room and board and total charges. Thats the basic one. Was that if you look at private, private is doing it for less than a nonfor profit, but it is pay taxes on its profit. I can see why he would have the note about the nonfor profit in re. Ir curren guest there has been a debate about the role of forprofit education. There are an increasing number of students going to forprofit colleges. Those are typically adults. Thats why you dont see any students who live on those campuses, because they are typically office parks, adults going to college after getting off work. There is a pretty intense debate about the appropriateness of federal subsidies for forprofit schools. , some ofrofit schools them do provide education at a lower price than nonprofit, private nonprofit schools. Oft is an interesting part the debate and discussion going on. Question on twitter, how much does German College cost compared to the u. S. . If you compare, european models. Better or for for worse, is moving in our direction. Britain just significantly increased, maybe even tripled its tuition for its state supported college does coll eges and universities. There has been a long history of free tuition in parts of the world, especially latin america. Questioncountry, this of who is going to pay for education is it government, to what extent is it government, to what extent is it students is raising. We are seeing more and more countries going towards Student Loans, adopting student loan and expecting students to pick up the bigger part of the tab. That is for better or for worse. Much every country is realizing if it wants to have a broadly representative Higher Education system, it is expensive. That is one of the things people tend to forget about the u. S. We have a history of having a greater proportion of our citizens in Higher Education. That costs, and someone has to pick it up. There are people out there who believe that Higher Education should be free. I would say thats not likely anytime soon. Host a comment on our twitter page you can follow the conversation on twitter cspanwj. A good group of folks who follow us every day. You can join them as well. On the phone, you can call us up. We have a special line in this segment. It is for College Students and parents, if you want to talk about the subject with Doug Lederman. Catherine is up next from ohio on our line for democrats. Caller good morning. My question is very simple. When did colleges and placesities leave being a of learning to become a big business . I live in the Greater Cincinnati area, and we have mega colleges who have fabulous football and basketball programs. This is all paid for on the backs of the students. One of my grandsons is in his second year at northern kentucky. He had to take a course on jazz. A 19yearold doesnt care anything about jazz, but it was a required course. He had to go to jazz solos to hear it saloons to hear it. As a grandparent, i see the pain that parents and students with all this debt they are acquiring through all the Student Loans. My question is, why when a student graduates, why arent they guaranteed a job . If you put out 60,000 for an education, at least guarantee me that when i graduate that there is a job for me. Host how do you think that would work . Do you think companies should work with specific colleges to do that . Caller if you are a place of learning and you say that you my grandson, hes changed his major. He was going to be a physical therapist. Hes changed his mind and hes going to do something else. , thisst tell the students particular course is overcrowded. There is no jobs in this particular market. You would best be served if you did something else. Guest she raises an interesting point about what college is for. I dont know how much your callers are aware of this. President obama is undertaking a colleges ono rate how they are doing. The pressure were seeing on Higher Education, is probably overdue, and certainly has been building, is to prove their value. Learn . Y helping students are they preparing them for a life of work and a career . There is a process underway to define what the outcomes are, and how colleges will be judged. Its a really important discussion. Guarantee that a job i have two kids in college. I would love for them to come out with a job. I think college is about more than that rated the more we narrowly defined what a Higher Education is that. The more we narrowly defined what a Higher Education is, theres going to be a push to require colleges to report what the job outcomes are for for specific programs. Theres a proposal that would have a one year out salary level for each program. Information the consumers have about what theyre getting into, the better. The more narrowly that is afined if we define College Degree as what you earn a year out of college, that ignores a lot of what we want Higher Education to do. Those of us who send kids to college, we have subcontracted out the growing up of our kids. Does a lot of that socialization. Its a really complicated set of issues. Defining what would one Higher Education to do is an important question. Host a comment on twitter. Accreditation is the system we use in this country to assess Higher Education. His point about administrative costs, we have seen administrative costs increase pretty sharply. There is a study done pretty regularly by a group that looks at how much institutions spend on different parts of the enterprise. One of the things were seeing, as tuitions are going up, were not seeing schools increase what they are spending on instruction. There is variation in there. We are seeing more increase in administrative costs. The colleges like to say that is because government is imposing more regulation on them, but there is no question that what it takes to sort of make a , there haderience been a big increase in Student Affairs and counseling and all sorts of things that are part of helping students get through college, academic support. All these things contribute to the rising cost of education. All these things are things of the colleges think students are demanding. Wall,back to the climbing they say parents, and they want nice dorms for their students, and they have to provide them. Cracking this knot is a challenge, but it is something colleges have to do. We have a parent on the line that we set up for parents and students from las vegas, nevada. My question is why a student cannot get Financial Aid if he already has a bachelors. Egree because hes going for a lesser why he washats denied, because he already has a bachelors degree. Im not sure that should be the case. Have you already talk to the Financial Aid director . Is it a Community College he is going to for the associate degree . Host i believe we have lost the call. Not believe the you are prescribed from getting Financial Aid just because you have a degree. There is a limit on how much time you can spend on federal pell grants, and over how much of a time, how many semesters you can have. That was one of the changes i mentioned before that they made in the poll grant to try to curtail how much was spent on it. R i i dont believe that just because you have a degree, a student should not be able to get Financial Aid. There may be some other reason for it. Those reports on College Pricing, you can find them at collegeboard. Org. You can find Doug Ledermans work on insidehighered. Com. That will do it for todays show on washington journal. Be sure to come back at 7 00 a. M. Tomorrow. Democratic and republican pollsters will be joining us to talk about Public Opinion polls after the government shutdown. Ga will be joining us to discuss the farm bill. And u. S. Efforts on the inhdrawal from afghanistan 2014. [captioning performed by the national captioning institute] [captions Copyright National cable satellite corp. 2013] notes on cspan, a house ways and means subcommittee system about how the abuses in foster care are contributing to sex trafficking. After that, congresswoman Donna Edwards and maryland senator. Obert Barbara Mikulski later, it did discussion about the constitution and the role of law with u. S. Court of appeals ninth circuit judge. This weekend, book tv is like from austin for the texas book festival during coverage starts today at 11 00 eastern and includes two panels looking back at the november 63 assassination of jfk. Sundays coverage starts at noon and includes alan wiseman on our future on planet earth, and kate and asher price look at the texas wind power industry. The texas book festival live this weekend on book tv on c span2. Dont forget, you have a few more days to post your comments on this months book Love Book Club selection walking with the wind cumbersome and john lewis on the early years of the civil rights mome