headlines, but it is far from over says my guest sweden s foreign minister, car bilt. and why was a french bank fined $9 billion by the u.s. government? i ll tell you how america is wielding a unique weapon that is the economic equivalent of a killer drug. also, washington is dysfunctional and can t fix the student debt problem, but i will take you up a mill high to a place in america that has figured out a fix. so you have seen that there are two different approaches, right? but first here s my take. the obama administration s decision to seek $500 million to train and fund moderate elements of the syrian opposition has been greeted with bipartisan support in washington. the general consensus is that if the administration had done three years ago what it is doing now, the situation in syria would not have turned into a
about that and the inevitable question, how is president obama handling these and other foreign policy challenges? and the crisis that hasn t gone away between russia and the west over ukraine. it may not be atop the headlines, but it is far from over says my guest sweden s foreign minister, car bildt. and why was a french bank fined $9 billion by the u.s. government? i ll tell you how america is wielding a unique weapon that is the economic equivalent of a killer drug. also, washington is dysfunctional and can t fix the student debt problem, but i will take you up a mill high to a place in america that has figured out a fix.
students. look what i m doing for the economy. didn t he nationalize the student loan program? yes. our taxpayer money that lends the money to students. now he s going to extend the period at which they can pay back at a rate which is going to be less income. it is going to be based on their income? that is correct. what you ve got here is the taxpayer footing the bill some way down the road, years down the road. and we don t know what that bill is going to be, but it is going to be a bill and the taxpayer will have to pay. meanwhile five months from the election the president gets the political kudos, being able to say look what i ve done for the economy. look what i ve done for the young people. vote for me. if he really wanted to help the young people, in addition to addressing the student loan program, is find them jobs. isn t that ultimately what it is? jobs out there. of course. we ve been saying this for years. you give me 4%, 5% economic growth, i ll give you a lot
which actually, it s not really well-understood, but they disproportionally favor wealthier students and families. and so if you have this kind of quiet, you know, big financial aid system, that isn t really doing its job making college affordable. i think most of us would agree. it s making it a bit cheaper, but you still have this kind of rising student aid problem, student debt problem, and, you know, just it s, you know, the $1 trillion in student loans sitting on the economy right now, et cetera, et cetera. okay. so the way you break this down, you say $63 billion for all the kids in the country that want currently that would be going to public universities. that s how much it would cost for them to go and $70 billion is being put into these different programs. so does that mean that the federal government would make money, essentially, on a plan like this, and i m also curious how this money would be dispersed. well, it gets complicated. i have kind of laid out my my dr
fraudulent. just because the number s wrong? supposed to be a 10 and it s a 100. make absolutely no sense, it s inconsistent. professor, it s a pleasure. hope to be seeing a lot of you, if only because i m hopeful that we ll actually start to see some reconciliation with the banks and i think you should be a big part of that. zach, same for you. keep up the sensational work. you should always keep track of zach s publications and writings and journalism on the huffington post pretty much every day. and certainly, most days. sometimes the kids got to do some reporting. he can t write every day. coming up here on the d.r. show, from housing debt to student debt, as the president preps to unveil relief for student, is this plan on par with the size of the student debt problem? plus, living on a prayer, what the 99% have in common with the pope. the pope s appeal for a higher