Democrats Shocked By Pushback to Unconstitutional Student Loan Giveaway

BUCK: There’s been a surprise even to Democrats in the aftermath of the announcement last week on student loan debt that this is not as… It’s popular with a segment of the Democrat base, to be sure. And for everyone, you should note that the big complaint from the AOC wing of the Democrat Party is it’s not enough money.

CLAY: Yeah, they didn’t do enough.

BUCK: It’s never enough money. But, for example, here Elizabeth Warren when she’s asked if student loan forgiveness is unfair to those who have actually paid their loans:

WARREN: I wanted to be a public-school teacher from the time I was in second grade. My daddy ended up as a janitor, and there was no money for me to go to college. But I found a public university that cost $50 a semester. And for a price I could pay for on a part-time waitressing job, I finished a four-year diploma. I became a special education teacher, and it opened a million doors for me. That opportunity is not out there today for any of our kids. Instead, we’re saying to these young people, “You’ve got to get an education, but we are gonna wrap the chains of debt around you.”

BUCK: Can I just be honest for a second with everybody? I mean, I always am, but in particular on this one. You know what really opened the door for her professionally? Pretending to be a Native American, okay?

CLAY: (laughing)

BUCK: We’re talking… What really broke down the doors, what really shattering the glass ceiling for Elizabeth Warren, who otherwise would have had an entirely unremarkable career in whatever it was she was doing — in law, you name it — it was pretending to be a highly advantaged minority group for the purposes of hiring and tenure, et cetera.

So that’s how she actually used… Her whole story (impression), “My daddy was a janitor” and the whole thing? Yeah, I’ve heard that a million times from her. She also never even answered the question about whether it’s unfair. What about people who already paid back their loans? They don’t have good answers for this, Clay.

CLAY: Well, it’s also — loan forgiveness is — overlooking the major issue here, which is… Buck, you’ve actually told this story about your dad that’s somewhat similar to the story that Elizabeth Warren is telling, and I’m sure a lot of you out there have stories about what you paid for college versus what it costs today.

We have allowed the system of government to so take over inside of these college and universities, this socialistic style, that they’re increasing for the last two generations, they’ve been increasing every year — tuition — more than inflation such that they’ve priced many people out. Their tuition dollars, $80,000 a year to go places.

BUCK: My dad texted me after the show on Wednesday because I brought this up. He went to college on a scholarship and then to go to business school in 1970 — he went to Harvard Business School in 1970 — tuition was, guess, Clay? What was annual tuition in 1970?

CLAY: $5,000, $8,000 a year?

BUCK: Good guess: 3500 bucks.

CLAY: $3,500.

BUCK: It’s like 75 grand now, and that’s before you paid for rent or anything else. That’s just tuition.

CLAY: And so that’s the real conversation we should be having is how did college and grad school tuitions metastasize to such an extent to where kids who otherwise would go, didn’t go. But, Buck, not only did people pay their loans. A lot of people went to colleges that were cheaper than they otherwise would have to avoid having loans. A lot of people go to grad school, maybe don’t go to grad school because of the loan factor.

And now you are going to parachute in and just bail ’em out? And I spent a lot of time over the weekend talking about this because everyone that I talk to agrees that what Joe Biden did is flagrantly unconstitutional. The challenge that is out there right now — and this is for the young lawyers to try to unravel — how do you establish standing to challenge the decision that Joe Biden made to potentially spend up to a trillion dollars in taxpayer costs? That is a legal challenge the likes of which many of the brightest minds right now are trying to come up with.

BUCK: Maybe they can give us more lectures about the dictators in our midst while they do things that their own side said, “We don’t have the power to do,” yet again. I saw the number now is a trillion. I know we talked this last week.

CLAY: Up to a trillion.

BUCK: Up to a trillion is what it’ll cost. You know, trillion here, trillion there, it does add up, folks. It does. And just remember that as the price of eggs has gone up 100% in the last year. I eat a lot of eggs; so I notice that.