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That? do you think the government should be in this business? absolutely not. banks should not have the responsibility for deciding who goes to college, and if they are the sole financers of student loans, that s exactly what would happen. of course the number of loans doubled because they can t turn people down. if you have five or six thousand dollar credit card, a bank might say no, you can t go to college. don t turn it over to banks of. brenda: gary b., take him on. go ahead. the banks are deciding who can pay and who can t. why is going to college a right? exactly. hold on a second. if you can t afford to go to harvard, that s a choice. either harvard wants you or you go to a community college or something else. i went to a private bank for my loan when i went to graduate school, you know. me, too. lehigh doesn t say oh, my gosh, you know what? if we can t pay, we ll pay your bill. it was up to me to pay the bill ....
Students are leaving with so much debt. college tuition, room and board, is so high right now. why is it so high? because students have easy access to money it flows right through to the college. they continue to raise their tuition much faster than the rate of inflation. you know, brenda, when your kids go to college, i m willing to bet you re going to spend, probably be on the hook for over half a million dollars for just one of your kids. it s astronomical. what s the average kid spending now, close to 100 or 120,000 for four years? that s tuition wise, so if it went to the private sector, it would be more competitive. even if you think there s going to be, as jonas said, the the se amount of money out there, the government needs to get out of this business. this is like the mortgage. the government is saying college education, better than other uses of the money. by the way, it s the taxpayer that s on the hook for that nearly $1 trillion in debt, a lot of which won t be paid back. ....
Jon: we re looking to cut two or three cents out of every federal dollar in spending, is that right? it is less, 10% or less, for across the government. which, you know, i can speak for, you know, just for myself. americans families over last several years have been cutting that sort of stuff from their budget. jon: for instance in, my world, if i were looking to cut some money, i could, you know, shave my cable tv bill. i could, maybe stop eating out at restaurants. or could i give away the family dog and tell me kids they can t go to college. and, it appears what the federal government is doing, is taking the most severe, sort of draconian measures, possible, under this system. to take this at face value, would be, would be to make the argument that the federal government, in, the monstrosity that is the federal government, does not have 10%, 9%, 8%, of waste and fraud and abuse that could be cut. ....
Go there because you can t go to college. and what we re finding now is that, you know, you could get out of school and you know, get out of high school, learn how to become a really good plumber and make a hell of a lot more than a college grad that s sitting in a cubicle all day. absolutely. own your own business. expand out. we have these gaps in our economy now from people that hoity-toity, you know, mark halperins you used to look down on, but now, seriously, there s so many opportunities. i m a very big supporter of voc ed. joe klein, as you know one of the things we re seeing in the education system is at the very high end, the very elite schools are doing fine. and what used to be considered the bottom end, the community colleges, vocational education, they are doing very well, too, because people need them. there are jobs out there that are unfilled because the skill set of the applicants doesn t ....
Doesn t have any leg to stand on when it comes to women and the economy. he claims to. he does not. let me just say, i mean, willie geist and i find this highly offensive. we used to have binders filled with women as well. we don t want to hear about your college days. well, yeah. ridiculous. joe, i know you do take a different view on the binders full of women, maybe now we know why, given your past history with binders. yeah. let me ask you a more serious question. the recurring criticism of both of these candidates is that neither has been very specific. and in particular, the president really going on the attack against mitt romney the other night. do you think he s really laid out a vision of what he wants to do for the next four years? no, he hasn t. neither has mitt romney. neither one of these candidates have told americans, okay, you re having problems right now? this has been the roughest four years you ve had of your entire adult lifetime. we were just talkin ....