Biden has expressed interest in canceling up to $10,000 in federal debt per borrower, but several Democrats are pushing for the White House to forgive as much as $50,000 for each borrower.
2020 presidential candidate elizabeth warren have spent years demanding more and more subsidies and claiming that the u.s. government would save a fortune. here s the massachusetts senator in 2013. let s all be clear about what the current student loan interest rates produce for the united states government. the cbo, the agency in charge of estimating these costs for the government, maintains that this year the united states government will make $51 billion in profits from the student loans. paul: we re back with james freeman, allysia finley and kyle peterson. allysia, the senator saying student loans would be a profit center for the federal government. what went wrong? well, they were basing this on some kind of interest rate arbitrage. the government would borrow at a lower rate than it would lend to students. what went wrong is, basically, the obama administration decided
taxpayers. nevertheless, democrats like 2020 presidential candidate elizabeth warren have spent years demanding more and more subsidies and claiming that the u.s. government would save a fortune. here s the massachusetts senator in 2013. let s all be clear about what the current student loan interest rates produce for the united states government. the cbo, the agency in charge of estimating these costs for the government, maintains that this year the united states government will make $51 billion in profits from the student loans. paul: we re back with james freeman, allysia finley and kyle peterson. allysia, the senator saying student loans would be a profit center for the federal government. what went wrong? well, they were basing this on some kind of interest rate arbitrage. the government would borrow at a lower rate than it would lend to students. what went wrong is, basically,
the same thing was true during the investigations and the impeachment of bill clinton. october 5th, 1998, the republican house judiciary committee voted to launch an impeachment inquiry into president clinton. just between then and the end oafter that year, which is when the house voted to impeach him, president clinton signed over 150 bills into law. and yes, some of those were like naming post offices and stuff. but some of it was major legislation that he proposed and negotiated with congress, even while congress was investigating him for possible impeachment, and then ultimately impeaching him. i mean, just two days after the impeachment inquiry was opened into clinton, clinton signed an education bill with new programs he d proposed to get disadvantaged students into college, to reduce student loan interest rates. a few weeks later congress agreed to fork over $100,000. head start early child coordinate education program.
after that year, which is when the house voted to impeach him, president clinton signed over 150 bills into law. and yes, some of those were like naming post offices and stuff. but some of it was major legislation that he proposed and negotiated with congress, even while congress was investigating him for possible impeachment, and then ultimately impeaching him. i mean, just two days after the impeachment inquiry was opened into clinton, clinton signed an education bill with new programs he d proposed to get disadvantaged students into college, to reduce student loan interest rates. a few weeks later congress agreed to fork over $100,000. head start early child coordinate education program. remember, this is with a republican-controlled house that was not keen on government spending, even when it wasn t preparing to impeach the democratic government who would have to sign anything they passed. oh, also in the meantime, clinton got israel and the palestinians to sign a peace agreement.