if they borrow money they are paying exorbitant interest rates that we haven t seen for 30 or 40 years. so that s really what s by way, those mortgage numbers are even worse. remember the new rule change that went into effect on monday, may one that says if you have a good credit score you will be forced to pay more to subsidize the people that have bad credit scores. they say it s only $40 a month. add that up over 30 years, $14,000. you are spending an extra $14,000 to bail out people that have bad credit. harris: you know what people will do? they won t buy right now. the fed likes that. it cools the economy. that hurts businesses who make their money when we buy houses. and the people who are buying houses don t have good credit that s badment harris: three bank failures are unfolded under biden s watch. they re imploding, or have
we have good jobs in so many advantages in life. get some scholarships, good. but what about 45 million other americans with student debt? the news coverage was not encouraging. student loan debt in this country is now bigger th rd debt. it not only hurts the students. that s our number one concern. it kills the whole economy. delaying having kids, they re delaying getting married, they re delaying buying houses. i think it s a crisis right now for families and students. not just the borrowers, economists and pundits across the political spectrum are warning this could have drastic effect on our economy. for that, it is a student loan bubble. yes, even him. 2.5 trillion dollars and counting. crushing student debt. is there a story here? to find out, i did what any good journalist would. i googled it in the middle of the night. every opinion column, every quote in a new story, all came down to the same one expert, allen colin, one of the nation s foremost expert
you know, i thought about like, maybe it wasn t a great idea to have him. but i don t know. fuck it. he s really cute. right? - and we re lucky. we have good jobs and so many advantages in life. - get some scholarships, kid. - but what about the 45 million other americans with student debt? the news coverage was not encouraging. - student loan debt in this country is now bigger than credit card debt. - and what does it do? it not only hurts these students. that s our number one concern. it kills the whole economy. - they re delaying having kids. they re delaying getting married. they re delaying buying houses. - i think it s a crisis right now for families and student borrowers. - it wasn t just the borrowers. economists and pundits across the political spectrum were warning this could have drastic effects on our economy. - for that is the student loan bubble. - yeah, even him. - down to $1.5 trillion and counting. - crushing student debt. - was there a story here? to find out, i did w
action. you know, will the government start bolstering a new generation, will the government, you know, really start to embrace private tech sector again? and that s where i want to go. they have been as you say, there has been a lot of different talk. you have communist party officials saying the attack on big tech is over. there are others saying we want people to start buying houses again. what a lot of people are wondering, is the chinese government trying to get growth at any cost, or is it genuinely now in favor of using the private sector and celebrating and encouraging the private sector? well, what we have seen so far are really big efforts, trying to get the economy going again. as you said, you know, getting