especially now that the estimated cost of taxpayers is half a trillion dollars over the next ten years. an op-ed in the washington post paul s their plant calls their plans aggressive, and no concerns about taking money from plumbers and giving it writing that low-wage workers will pick up the tabs to cancel the educational debt. how is the president responding to these questions? let s take a look. and about how others don t have to? we see this all the time. i want to flashback to another biden and pelosi moment. they both addressed this issue. people think that the president of the united states has the power for forgiveness. he does not. he can postpone, delay, but he doesn t have that power. that has to be an act of congress. sounded very different. that comes with the same time that the wall street journal confidential memo written by charlie rose, and obama educational department leader council. wrote the floor for persuasive analysis tends to supp
political spectrum pledging to cancel up the $10,000 for those making less than $125,000 and year and twice that for pell grant recipients. bill: $300 billion is the latest hand out on a tab topping $4 trillion. republicans call it reckless. this sends the wrong incentives telling people if you did pay your loan on time and you did the stand-up thing, you are a sucker. this is just another example of politicians saying give it to me and then we ll take it from the people. of all the dumb things joe biden has done this may be the dumbest yet. it is stiff competition. bill: maria bartiromo has analysis. madison all worth and the cost to taxpayers. hello, jacqui heinrich at the white house. the administration just won t say it even though we already know the answer. the press secretary yesterday repeatedly punted on who is paying for this. this morning the education secretary wouldn t even talk dollar amounts. how much does this cost? you know, depending how many
$10,000. senator rick scott says if dems want solutions here is one. stop wasting taxpayer dollars and start holding institutions accountable for student outcomes. former trump senior counselor kellyanne conway with this. it also is a complete farce that they already passed something misnamed as the inflation reduction act and turn around and going to make inflation worse. we are making things more expensive because they continue to spend money that we don t have on things that we don t need. let s dig into the real cost of this bail-out. according to a budget model a one-time cancellation of $10,000 per borrower would cost $300 billion. but if the white house it wipes out $50,000 per borrower that price tag jumps to $980 billion. sometimes the numbers get so big it is hard to keep track and hard to really get a grasp of just how massive this sort of pay out is. it is massive. the bit by bit number is $10,000 for each person with student loan debt outstanding that mak
has found itself dangerously dependent on china. so what exactly is the chinese government s aims in brazil and why isn t the biden administration doing anything to stop the chinese military from establishing a threatening now beach head in our hemisphere? what is that exactly? we re investigating all of it for a new documentary that we ll have soon. one of the reasons that so few people in the united states notice that china is colonizing countries close to our shores, we have problems of our own here in the united states. the american economy primarily, which is in real trouble right now and not something that we can fix with a cleverly crafted bail-out as we ve done before. the problem here isn t that a few reckless people on wall street did crazy things. the problem is deeper than that. it s systemic. you see it in what you buy. everything. the prices of everything are shooting beyond reach for people in the united states. that would include energy, food, goods, housing,
time. carley say, pack a snack and read it. it is worth doing. the market is reacting to the largest federal rate hike in decades. three major indexes taking a beating. the dow closing below 30,000. bill: it signals a bear market taking hold. they shed all their gains since the president took office. dana: adding insult to injury mortgage rates are soaring to their highest level in 13 years. inflation is at a 40-year high forcing nearly 60% of americans to dip into their savings or go into debt. bill: all this putting the white house in crisis mode. good morning. the president has grown increasingly frustrated with his polling and with his media coverage. he sat down with the associated press for the first time, by the way, since taking office with that publication to push back on all this blame saying the economy that he inherited and the pandemic that left psychological scars on the american people have gotten people down. fox news poll this week showed that his ove