amount of the student loan debt could never get rid of the debt. they were stuck with it forever. think about that for a moment. america s middle class was beginning to crumbable in the face of the rising education cost. in the end it did crumble, as you know. what did congress do? congress rushed in to side with the creditors and make the crisis far worse for normal people. joe biden was part of the problem. he did far more than most to make it happen. why would biden do that? he and his family had been thoroughly bribed by big finance. by the credit card companies. to be fair, they weren t alone in that. we are not going to lie to you. in 2005, every single republican in congress voted for the bankruptcy bill. george w. bush the president at the time signed it in to law. what did voters think of that? they were not impressed. why would they be impressed? the republicans were crushed in the next two elections. in 2008, they lost to barack obama who voted against the bankruptcy bill. s
texas is going to pass a law that out laws sanctuary cities that will put injunctions on sheriffs who fail to come ply with detainer provisions. also, we are going to ensure that local taxpayers have to pick up the tab, instead of the state of texas, for noncompliance immigration laws. also, we re going to force upon them the labor to potential unlimited damage. how are we going to pay the price for a sang dhu ware city policy. the state of texas is now coming out-of-pocket for education cost, law enforcement cost related to sanctuary city policies that may be affecting people who are illegal to those particular counties.
look back over the last 10 or 20 years and the cost of education has skyrocketed. that isn t because education cost goes up, it s because of the value of the money that s goes down. young people know this and they are studying and looking at economics and looking at the federal reserve system because it is the business cycle that can be explained by understanding monetary policy and the federal reserve. economic liberty is very important. you come to the conclusion that economic liberty is important because individual liberty is important. in our founding jefferson stated very clearly. our lives are gifts from our god. and therefore your income, the fruits of your labor should be yours and not the government s to spend. [ applause ] so we were given a country and it was a great country and great prosperity, the largest middle class in the world.
hour three of the candidates are taking part in a rock the caucus rally, targeting younger voters. i want you to listen in here. i think we got michele bachmann, ron paul, rick santorum, all of them looking for the last-minute vote. let s listen in to do business if you re a job creator because of our tax code. i m a tax lawyer. i want to abolish the tax code and do away with it and put it in its place a pro-growth code so that you can wildly succeed with your future and with your plan. i want a future for you. i want a hope for you. and we can do that if we open up the opportunities in the tax code. change our climate for doing business. and grow the economy. that s my goal for you. and what i want to do, too, is bring down the price of a gallon of gas. gasoline was $1.79 a gallon the day that barack obama became president. we can get it back to that again because the united states is the number one energy resource-rich nation in the world. and i want to open that up f