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first major announcement since then, forgiving student loan debt for millions of americans up to $20,000 per borrower. and it s angering republicans and some democrats. hello, welcome, everyone. i m sandra smith. another busy news day. john: i m john roberts in washington. this is america reports. we ll have the president s remarks as they happen during the next hour. republicans say the move will cost taxpayers billions of dollars and worsen an already historic inflation crisis. democrats say, though, that the plan does not go nearly far enough. calling for thousands more in loan forgiveness. reaction already mixed. the government shouldn t pay for it. if you go to school, you pay for it yourself. if you can t, get a scholarship. i think we can live with it. why not give the students a break, that s our future. if you go to school, you should probably pay for it. sandra: a california congressman will react in just moments. john: peter doocy on the north l ....
tanks and aircraft. all kidding aside, he s come off the sidelines. he retired. he helped us get ahead of the challenges that arise at our ports, our railroads and on the road. this is about reducing costs for families. you know, i have to admit to you a lot of us elected officials have been in office for a while. every once in a while something you learn makes you viscerally angry, like if you had the person in front of you, you d want to pop him. i really mean it. there are nine major ocean line shipping companies that ship from asia to the united states. nine. they formed three consortiums. these companies have raised their prices by as much as 1,000%. so everything coming from asia, they get 90 something percent of stuff coming from asia. they ve raised it by 1,000%. that s why i called on congress and they re foreign owned shipping companies that raised their prices while raking in just last year $190 billion in profit. a seven-fold increase in one year. seven-fo ....
Senator. john geramundi, a supporter of president biden s plans he is about to announce and he defended the move earlier, listen. it s not an inflation issue, although everybody wants to holler about inflation. this is really an opportunity for these people that will receive these benefits to be able to get their act together. they are delaying their marriage, delaying the opportunities as they try to pay off this debt. this gives them a necessary break. sandra: your reaction to that, senator. well, obviously it s inflationary if you spend $300 billion or more at a time when we have record high inflation. and contributes to inflation in college tuition. one of the most inflationary sectors, going to college, saving to put a kid through college. and what john says people getting their act together, these are people who took out loans, did so willingly and ....