i have never seen total fraud like the radical left. after years of anti-cop riots and rhetoric, they are accusing conservative. are we alone? congress changed the definition of ufos suggesting they aren t man made. a ufo expert will join me to show what s really going on. you are watching the collapse of an empire in live time. we are going broke. what kind of idiot thinks you can continue to print money, give it to people to spend on stuff, and there will be zero consequences. my idol, the late great milton friedman talked about this. that is the free lunch myth. the myth that somehow or other government can provide goods and services, can spend money at nobody s expense. it s cheap to turn out those pieces of paper. but does not give society something for nothing? not at all. if you print money, people have more money to spend. if they spend more money on the same amount of goods, prices go up. in effect everybody is paying a tax through inflation. dan: milton friedman w
involving donald trump and hillary clinton. potentially because of political bias. unfortunately, we still don t know exactly what the fbi was searching for and we don t know the justification behind the raid. as gregg jarrett put it in a piece on foxnews.com, quote, the doj s redacted trumpet raid affidavit revealed precious little. earlier today former president trump reacted on truth social writing, quote, nothing mentioned on nuclear. a total public relations subterfuge by the fbi and doj or our close working relationship regarding document turnover. we gave them much. the big question tonight, where does it all go from here? joining us with analysis, the author of the price of principle. harvard law professor alan dershowitz along with former u.s. attorney brett tolman and fox news legal analyst gregg jarrett. thank you for joining us. you are a former u.s. attorney. i will start with you. i cannot get past the fact that a judge less than two months ago had to recuse the
president donald trump. good morning. welcome to morning joe. it is thursday, august 25th. i m willie geist. with us, msnbc contributor mike barnicle. former aide to the george w. bush white house and state departments, elise jordan. the president of the national action network and host of politics nation, reverend al sharpton. and white house editor for politico, sam stein. let s dive into the story that has everybody talking right now. 43 million people in line to have at least a chunk of their student loan debt erased. as many as 20 million people could clear all of their student debt. those are the figures from the white house following an executive action yesterday by president biden. the president pushed back at criticism that debt cancellation will make inflation worse. by resuming student loan payments at the same time as we provide targeted relief, we re taking an economically responsible course. as a consequence, about $50 billion a year will start coming
$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
borrower. it s a game-changer. we re also fixing what is called this has been the bane driving me crazy when i was out of office. this program forgives student loans to encourage students with loans if they go into public service. think of the millions that are. public school teachers. local police officers, workers at local charities, members of the military and national guard. think of the folks that work for federal, state, local governments, responding to national disasters. all of the firefighters and cops. the program is designed so that if you serve in one of these jobs you ll be able to actively assist whether you do and make your loan payments for ten years even if it s not consecutive years. your remaining balance will be completely forgiven. it s a great idea, but the program is a mess. it s so inefficient and complicated. too many people give up. think of a service member, deferring their student loan payment while they re deployed. the system is so restricted t