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FOXNEWS The Story With Martha MacCallum July 7, 2024

democrats in the mid-terms as it may wallop another inflation boom on our economy. the white house struggles with this question. how much does this cost? you know, the questions are still coming out, depending how many people take advantage of it. that remains to be determined. it will be a function of what percentage of eligible borrowers take up this opportunity. we have to get a better sense of what we re talking about as far as costs. martha: yeah. that s where that is. let s bring in marc thiessen, fox news contributor. mark, great to have you with us this afternoon. what is your take on this as it settles in and the numbers up to half a trillion in new spending by some estimates with this new bill to relieve people of their burdensome student debt. it really depends how much it will cost them, how much people pick up the $10,000 on the sidewalk. yeah, right. anybody that doesn t take them up on this offer, give me a break. the pen wharton model says it ....

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FOXNEWS The Story With Martha MacCallum June 4, 2024 19:03:00

Mark. it says this. nothing separates people more today than the line between those that have and have not gone to college. by giving away as much as $40,000 to families privileged with a college education, biden is benefiting the most fortunate among us at the expense of those least fortunate making existing inequalities worse. we heard the opposite of that from the press secretary at the white house who said this is super targeted to these people that need help. yeah, they are taking $40,000 from families who either didn t go to college or whose kids aren t going to college and giving it to couples making $249,000. that s what the this is. you re going to have hospital janitors paying for the medical school debt of doctors. you re going to have teachers paying for the debt of their well-to-do parents. firefighters paying for the graduate school debt of the rich ....

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FOXNEWS The Story With Martha MacCallum June 4, 2024 19:02:00

Break. the pen wharton model says it will cost $300 billion at least. on the low end of the estimate. this, if you wanted proof that the democratic party is no longer the party of the working class and the party of the elites, this is the evidence here. the pen wharton model says between 69 and 73% of the debt being forgiven will be for people in the top 60% of the income distribution. you re going to half of all student debt is graduate school debt, law school. it s medical school. business school. so you re going to have cops and construction workers paying for the debts of future lawyers and doctors and business moguls who have huge earning potential. that is regressive and it s not good public policy, but it s also not good social policy. it s a complete abandonment of the working class. martha: this is an editorial from the washington examiner, ....

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Wait, How Did Student Debt Even Become A Thing?

The debate around student loans in the U.S. often focuses on individual responsibility, but debt didn't grow to $1.6 trillion without federal and state policy. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20190624:13:17:00

Families belong together. it is a little bit crazy for people to do what they have to do, which is to get a quality education and then find themselves in the absurd position of having to pay that debt off for decades. well, we are going to change that. trace: bernie sanders set to reveal a plan to wipe out $1.6 trillion in student loan debt. he says he wants the federal government to wipe the slate clean for 45 million americans. the plan would include all private and graduate school debt, and he plans to ask wall street to pay for it. let s bring an byron york, chief political correspondent at the washington examiner and fox news contributor. great to see you. bernie sanders has long been saying college should be free. first time we are really hearing that it should be free and we ....

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