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Transcripts for MSNBC The Katie Phang Show 20240604 13:10:00

Robert and gorsuch about, quote, fairness. those justices did not seem to take that into consideration when they overturned roe v. wade in the dobbs case, which impacted millions of americans. isn t it intellectually and legally dishonest to talk about fairness when the text of the heroes act less body to do exactly what he wants to do here? you know, what justice roberts is calling fairness there is really republican policy arguments. for wider biden should not have made this decision. and the supreme court is not a policy making body. the issue of whether it is fair to relax student loan requirements has been done in industries. there has been relief in the auto industry, relief in the airline industry, tax breaks for the wealthiest americans. so that is the fairness arguments about whether something should be done here for student debt holders. and that argument belongs in the congress of the united states, which chose not to act. with the president did here was ....

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Transcripts for MSNBC Morning Joe 20240604 11:04:00

Down to street level and see how this might impact people saddled with the debt. the question is who does this ultimately affect on the ground every single day. first off, to set the stage, the vast majority of student debt holders, around 74% owe less than $40,000. more than half of all borrowers owe less than $20,000. in a nutshell, there are basically three categories of people most affected by this. one, you have younger people who are just now starting off to pay off the first loans. number two, people who have lower credit scores. three, blacks and latinos who will end up having a higher share of their debt eliminated when compared to their white counterparts. that s ultimately because if you look at that data, it shows the students of color do two things. they take out smaller loans and owe more after graduation. if you look at that, 90% of black students and 70% of latinos take out loans compared to 66% of white students. four years after graduation, the average black college ....

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