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0:35

Hey,

0:35

everybody. Today, Charlie Kirk show. Joe Biden's

0:38

bribery scam

0:40

gets challenged in the US

0:42

Supreme Court. We dive

0:44

into great detail about the student

0:47

loan cabal, the cartel. What

0:49

could be done about it? It is a

0:51

deep episode. I think you'll learn something,

0:53

and I'd love your thoughts, freedom at charlie kirk

0:55

dot com. Get involved with turningpoint USA,

0:57

TPUSA dot com, that is TPUSA

1:00

dot com. Start a high school chapter

1:02

or college chapter today at TPUSA

1:05

dot com. As always, you can email me your

1:07

thoughts, freedom at charliekirk dot com. Buckle

1:09

up everybody here. We

1:11

Go. Charlie, what you've

1:12

done is incredible here. Maybe Charlie Kirk

1:14

is on the college campus. I want you to know we

1:16

are lucky to have Charlie Kirk.

1:18

Charlie Kirk's running the White House post.

1:22

I wanna thank Charlie, he's an incredible guy.

1:24

His spirit, his love of this country. He's

1:26

done an amazing

1:27

job, building one of most powerful youth

1:29

organizations ever created turning

1:31

point USA. We will not embrace the

1:34

ideas that have destroyed countries,

1:36

destroyed lives, and we are gonna fight

1:38

for freedom on campuses across the

1:40

country. That's why we are here. Brought

1:44

to you by the loan experts I trust andrea

1:46

and Todd at Sierra Pacific Mortgage at

1:49

andrea and Todd dot com. Right

1:54

now, there is a challenge

1:56

to Joe Biden's executive order

1:59

on student loan bribery. The Supreme

2:01

Court today is hearing oral arguments in

2:03

a case stemming from Biden's

2:06

attempt to buy off the American

2:08

public. You might remember he signed

2:10

an executive order trying to

2:13

make law or effectuate some

2:16

sort of policy change via what was called

2:18

mass forgiveness on student loans. Now

2:21

Biden announced this six months ago,

2:23

right, before the midterms, in

2:25

an attempt to forgive ten thousand

2:27

dollars in student loans for every person

2:29

earning less than a hundred and

2:31

twenty five thousand dollars or

2:34

every person in a household earning less

2:36

than two hundred and fifty thousand

2:38

dollars. He also is forgiving

2:40

twenty thousand dollars for a repurchase who benefited

2:43

from a Pell grant. Now,

2:45

what's a lot more radical than the debt bribery

2:48

or forgiveness is, the more important

2:50

point, is how Biden is trying to rewrite

2:53

the rules for future student

2:55

loans. His plan is to

2:57

slash required payments to just

2:59

five percent of discretionary income,

3:02

down from ten percent, and he's expanding

3:04

what is considered, quote, nondiscretionary income.

3:07

This means that a huge number of people have

3:10

loans and have jobs and aren't in

3:12

poverty still won't be making any payments

3:14

on their loans. The government will just

3:16

forgive all of them for free. Now, this is important.

3:19

Post the passage of Obamacare, the

3:21

Affordable Care Act. We've basically nationalized

3:24

our student loan industry. There used to be a market

3:27

for private student loans. Where

3:29

you would dress up in a suit and tie just like this,

3:32

you would go to your local banker. If

3:34

you were senior in high school, you would present

3:36

your grades, your career plans, you would

3:39

look the local banker in the eye and

3:41

say my name is Joe Smith. And

3:44

I have a's in engineering and I

3:46

have b's in mathematics and I

3:48

would like to go to the University of Wisconsin

3:50

Madison, and I would like a thirty thousand

3:52

dollar loan and banker would ask you some questions.

3:56

The banker would say, well, why should we take

3:58

a risk on you, this local community bank?

4:00

And sometimes you'd have to bring your parent to

4:02

cosign the loan. And

4:04

you'd have to all of a sudden understand the significance

4:06

that signing on the dotted line that this loan

4:08

has to be paid

4:09

back. But

4:11

over the last couple decades, one of the

4:14

less covered stories when it comes to student

4:16

loans, and I write about this extensively in my

4:18

book, the college scam, which is thoroughly

4:22

researched with pages and pages of footnotes,

4:25

is that we basically nationalized the entire

4:27

student loan in this ninety eight percent to ninety

4:29

nine percent of all student loans

4:32

are underwritten by the federal government.

4:34

They're underwritten by the US taxpayer. Now,

4:37

this is important for a lot of reasons. Number

4:39

one, no longer does a

4:41

high school student have to dress up or

4:44

not even dress up, but just act professionally and

4:46

go into a local community

4:48

bank. Look somebody in the eye.

4:50

Have to present themselves. And

4:53

say, I would like loan for these reasons. You are

4:55

now able to borrow tens of thousands

4:57

of dollars, sometimes hundreds

4:59

of thousands of dollars from your pajamas. In

5:02

your basement on a website called

5:04

fabsa, FAFSA

5:07

dot gov. In fact, almost every

5:09

college, except Hillsdale College

5:11

requires you to fill out fast

5:13

for not just student loan grants, not

5:16

just grants, but any sort of

5:18

student loans whatsoever. Now I've

5:20

said for quite some time and I argue in my book

5:22

rather provocatively that the student

5:24

loan interest rate has been too low

5:26

for too long. That if you go study

5:28

engineering and you have good grades in high school, you

5:30

should get a much lower student loan interest

5:32

rate than somebody who is studying

5:35

North African lesbian poetry. Sorry,

5:37

it's not as good of a bet for the taxpayer

5:39

to say that you're gonna be able to repay that.

5:42

Instead, we have a one size fits all

5:44

model. Where regardless of

5:47

what you're studying or regardless

5:49

of your grades, you basically

5:52

get the same

5:54

student loan interest rate. There's

5:57

no requirements at all

5:59

that you would be a good credit risk. No requirement

6:01

that that their degree might be something

6:03

viable. Look, the

6:06

the entire student loan Kabbal, the

6:08

cartel right now, is built

6:10

around this idea. That pretending

6:13

gender studies are the same

6:15

as engineers. And

6:18

they're pretending that academic screw

6:20

ups, people that didn't take, high school

6:22

seriously are the same as academic all stars.

6:25

We have way too many people going to college

6:27

in our country, way too many people.

6:29

It's unpopular to say that, but actually growing in

6:31

popularity. The college dropout

6:34

rate is forty one percent.

6:37

There are colleges that are folding by the

6:39

week. There's too many of them.

6:42

But the actual legal case of

6:44

this challenge is important. I do

6:46

wanna focus on the student loan component

6:48

for just a little bit longer. Now mind

6:50

you, our audience is a little bit split on

6:53

this. Some of our turning point

6:55

USA students are a

6:57

little bit supportive of

6:59

getting student loan forgiveness. I don't think they should

7:01

be, but some of them say, you know, We're

7:04

a hundred, hundred, twenty thousand dollars in debt.

7:06

Others are completely and totally opposed on

7:08

good principled reasons. Some students approach

7:10

me on campus and they say, we deserve this.

7:12

They're obviously less conservative students. And

7:15

we deserve the student

7:17

loan forgiveness and there's couple questions.

7:19

What about what

7:21

is the answer or the counter to

7:24

students that worked their way

7:26

through college, that got a second

7:29

job, that saved money, The

7:31

entire idea of student loan bribery is

7:34

an insult to any student

7:36

that paid their way through college. What

7:39

about students that saved money? Or

7:41

got money from their parents because their parents

7:43

decided to save money in a college fund, all of

7:46

that gets invalidated. What

7:48

is the answer or the counter? To

7:50

the millions of students that

7:54

knew they were not going to become professional

7:57

athletes. But

7:59

only did sports in college. And

8:02

sports in college is no joke, six

8:04

AM practices. Intense workouts,

8:07

traveling frequently, strict

8:10

dietary standards, no joke to be a college

8:12

athlete. But a majority of

8:14

college athletes, if you ask them by the time they

8:16

become a junior or senior, yeah, I mean,

8:18

they love the sport, but it's also they get an academic

8:20

advantage for it. And by the way, they've earned it. But

8:24

what Joe Biden is basically saying is

8:27

all those six AM workouts, all that travel,

8:29

all that pushing yourself to be able to

8:31

get College could be more affordable

8:34

for you? Your loss.

8:37

So what Joe Biden has done, and

8:40

is being challenged by the US supreme court is

8:42

by a stroke of the pen. I can

8:44

come in and I can also say to the people that

8:46

never went to college and God bless them.

8:48

The carpenters, the welders, the

8:51

police officers, the firefighters, the

8:53

muscular class, the folks in

8:55

east Palestine, Ohio for example,

8:57

the people that built this country, what

8:59

do they get out of this? You

9:02

see, the regime Joe Biden

9:04

unilaterally seems to act in

9:07

favor of foreign interests and

9:12

high society elites with

9:14

the stroke of a pen. This

9:17

is a quote unquote bribery, a

9:19

quote unquote bailout for people that

9:21

largely did not make prudent decisions

9:25

when they decided to go to college. Now,

9:28

I simultaneously sympathize with

9:31

some of the complaints Charlie, I was told

9:33

I had to go to college. I was told I had to borrow

9:36

this money. I was told I I get that. I write about

9:38

it extensively in my book, and I have sympathy

9:40

for you. But

9:42

I do not think having the US taxpayer

9:45

subsidize your

9:47

poor decisions is moral is

9:49

a good precedent, nor do I think it's

9:51

constitutional. And we must

9:53

understand the precedent of which

9:56

Joe Biden acted. What was

9:58

His argument, what

10:01

did he say was happening in the

10:03

quote unquote environment that allowed

10:05

him to act to

10:07

be able to bribe students and eliminate

10:11

student loans, student loan debt.

10:14

Well, the answer is something that history tells

10:17

us very clearly, he needed a crisis.

10:21

He needed an emergency. You

10:24

see never let a crisis go to waste as Rama

10:26

Emmanuel would say, and they saw an opening

10:28

and they went for it. Every

10:31

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10:34

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10:37

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11:19

I'm curious about your experience and your perspective

11:21

on this. Rick said exactly right, Charlie.

11:23

In nineteen eighty one, I had to march into

11:25

home federal savings and loan here in Columbus,

11:27

Indiana. Go through everything you just described.

11:30

And come back to have my father cosigned

11:32

my loan so I could go to university

11:34

to get my degree in business management. It's

11:36

a lot of checks and balances. Almost none of that

11:39

exists anymore. Students are told

11:41

by their high school guidance counselors to

11:43

go fill out all this money. If you actually

11:46

ask students on college campuses a

11:48

breathtaking amount and polls show this do

11:50

not even know the specific amount of

11:52

money that they owe. And

11:55

then they use this as a political talking

11:58

point to get more votes

12:00

in the future. So go send your best

12:02

prize possession to colleges. They don't learn

12:04

almost anything. Be

12:06

filled with all these bad ideas, men can become

12:09

pregnant, borders don't matter, America's evil,

12:11

constitution must be shredded, all of

12:13

these bad ideas. And

12:16

then they're simultaneously building

12:19

this massive debt burden. They

12:22

graduate and A majority

12:24

of the students that actually end up graduating

12:27

will get jobs that do not require

12:29

a college degree. And even worse

12:31

than that, twenty to thirty percent end

12:33

up getting jobs in completely different

12:36

field than what they studied.

12:38

But they're still filled with those bad ideas

12:41

and they're also filled with resentment that

12:43

they have this student loan debt

12:45

around their neck. We

12:48

we should not punish good

12:50

behavior, and that is exactly what Joe

12:52

Biden was doing here. Students that

12:54

decided to go to community college

12:57

and then go to four university. You know how many

12:59

students? They look at their families'

13:01

financials? They look at their

13:03

own personal financial health. And yeah,

13:05

it's attractive if you let's just take a state,

13:07

let's just say Tennessee. And

13:09

all your friends and suburban Nashville

13:12

are going to University of Tennessee, Knoxville, and

13:14

they get to go rush in the fraternities and sororities

13:16

and they get to go to the football games and the basketball

13:18

games. And your grades are pretty

13:20

good, but you say, man,

13:23

I don't know if I can afford that. So instead you decide

13:25

to go to the local community college, which

13:28

is not as exciting as going to go rush and have

13:30

returned to your sorority at Knoxville, but

13:32

you make the prudent financial

13:35

decision and maybe you're able to transfer to

13:37

UT Knoxville or one of their other

13:39

campuses, but you kinda missed

13:41

that freshman sophomore. Freshman

13:43

sophomore moment that kind

13:46

of chapter in life, but it's okay, but you're in a better financial

13:48

position, then you have to hear the president of the United States

13:50

basically say, you made a dumb

13:52

choice. This only encourages

13:56

further borrowing. You get more

13:58

of what you incentivize. You

14:00

get more of what you subsidize.

14:05

But the real baseline

14:07

of this here is the

14:09

legal case. And it's pretty boring, but it's

14:11

important. What the Biden regime is doing,

14:14

is they used a two thousand three

14:16

post nine eleven law that

14:18

allowed the Secretary of Education to

14:20

waive or modify any statutory

14:23

or regulatory provision in

14:25

response to a quote, national

14:30

emergency. The

14:32

Biden administration said COVID is a national

14:35

emergency so they can totally ignore

14:37

all student loan laws. This

14:40

case is bigger than student loans, and boy, can

14:42

I go at length about the student

14:44

loan topic? I could talk about the college

14:47

scam and the college cartel and how

14:49

you have to be so careful those of you in this

14:51

audience sending your kids and grandkids to college. You

14:53

may never see them again. They might become

14:55

religiously, theologically, philosophically,

14:58

and politically unrecognizable. Please

15:00

be careful sending your kids to college. But

15:04

this case in front of the Supreme Court is

15:06

much bigger than that. It

15:08

is can a president use

15:13

a declaration of emergency

15:16

to give one group

15:19

money forgiveness,

15:22

bribery at the expense of another

15:24

group without an

15:26

act of Congress. And they'll

15:29

try to do this for every possible emergency

15:31

you can imagine. They'll try to do this for a

15:33

climate emergency. They'll try to do

15:35

this for gun violence emergencies?

15:39

There is no greater threat to

15:41

liberty. In America today, than

15:43

a leader declaring an emergency. And

15:46

that's a shame because there are legitimate emergencies.

15:48

There are hurricanes. There are floods. There

15:50

are tornadoes, there are fires, you

15:53

need to have the government be able to act quickly

15:55

and decisively. But boy, is that

15:57

ability to declare an emergency being

15:59

abused? Not only is

16:01

it being abused, it seems if we have

16:03

crisis hunters, we have

16:05

crisis seekers in our government.

16:08

They go out of their way to try to find a crisis,

16:10

exploit it to give themselves more

16:12

power, to become dictator for a

16:14

day, which becomes dictator for a month, and

16:17

dictator in perpetuity. US

16:19

supreme court is currently debating this.

16:22

It's unclear how they're going to rule,

16:24

and I'm gonna get maybe give you a little bit of

16:26

of a tease here based on just some public

16:29

comments. But I am curious just

16:31

on the student loan issue itself. What are your

16:33

thoughts on this? How do you feel about subsidizing

16:35

somebody's poor decisions to

16:37

go study something that is

16:40

not applicable to the job market. Alright.

16:44

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20:23

I wanna read an email here. This

20:25

is a anonymous email. said keep this anonymous,

20:27

please. But, Charlie, I work in enrollment

20:30

for a particular college. We will

20:32

sign anybody up for student loans.

20:34

I considered leaving many times, but

20:37

I decided to stay to ask the important

20:39

questions most counselors don't

20:41

care to ask. Thanks

20:43

to your program and your podcast,

20:46

I always ask the following question,

20:48

quote, why do you need this degree? If

20:51

they have a if they don't have a good answer,

20:53

I then walk them through whether or not

20:56

the program of interest is going

20:58

to have any return on their investment

21:00

or their debt. God bless you for that. This

21:03

has led me to sign up way more

21:05

computer programmers nurses

21:07

and engineers who originally were

21:09

looking into a communications degree.

21:13

This debt forgiveness is an awful

21:15

idea because the majority

21:17

of admission counselors are not asking

21:20

these questions. Well, God bless you. Thank you

21:22

for listening. That it's a very

21:24

powerful email. I wanna play a piece of tape

21:26

here just to kind of show you how

21:28

focused the Democrats are on this.

21:30

Let's just actually go back in time to

21:33

CBS News report. This was the news

21:35

report on what Joe Biden did which

21:39

is just flat out bribery. You

21:41

should just call it that. It's, hey, if you're

21:43

a plumber, if you're an electrician, if you worked

21:45

with if you worked your way through college, if

21:47

you were a college athlete, too

21:50

bad. And I really think, before I play

21:52

forty, I think the college athlete

21:55

wrinkle has been really

21:58

not focused enough. It has been deemphasized

22:01

and it should be. College athletes

22:03

basically work their way through college. In fact,

22:05

you can make an argument Getting a second

22:07

job in college or a third job is

22:10

easier than being a college athlete. I would

22:12

certainly make that case especially. With

22:14

some of the high intensity sports that both

22:16

men and women go through the training

22:18

is so unbelievably rigorous and hard on you play

22:20

cut forty. To the Supreme Court now where Justice

22:23

will hear arguments today over president Biden's

22:25

plan to forgive student loan debt for more

22:27

than forty million Americans. Opponents

22:30

say that mister Biden has taken his presidential

22:32

powers too far. And for

22:33

now, the program is on hold until

22:36

the justices make a decision. Now

22:38

under the plan up to forty three million

22:40

people would be eligible for some student

22:42

loan debt relief. People making less than one

22:44

hundred and twenty five thousand dollars a year could

22:46

see ten thousand dollars in debt forgiven,

22:48

and people who got Pell grants could get up to

22:50

twenty thousand dollars forgiven. The congressional

22:53

budget office says the program will cost more

22:55

than four hundred and thirty billion

22:57

dollars. AFTER PRESIDENT BIDEN ANNOUNCED

23:00

THE PLAN LAST August twenty six MILLION

23:02

PEOPLE APPLIED BEFORE LOWER COURT

23:04

PUT IT ALL ON

23:05

HOLD. A very simple fix to

23:07

this by the way would be to push for colleges

23:10

to actually be on the hook for the loans

23:13

that go into default. Or how

23:15

about this? Requiring these

23:19

massive hedge funds that call themselves

23:21

college endowments to start

23:23

having some skin in the game. I'm

23:26

gonna just go off the top of my head in the publication

23:29

of this book. Here it is. Here's

23:31

as of the publication of this book. Harvard

23:34

University's endowment is

23:36

forty one point eight billion dollars.

23:38

It's probably more today. Yale

23:41

University, thirty one billion dollar

23:43

endowment. This is a tax free endowment. Now

23:45

that's not that's actually technically a little

23:47

deceiving. There was a measure where they have

23:50

to pay an excise tax on profits. It's so

23:52

small. It's so minuscule. It's so ridiculous.

23:55

But so it's I I said it was tax free once

23:57

and all the fact fact checkers came after

23:59

me. Stanford University,

24:02

twenty eight billion dollar endowment.

24:04

Harvard's at fifty billion now. Thank you, Blake.

24:07

Princeton University, twenty six

24:09

billion dollar endowment. University

24:12

of Pennsylvania, fourteen point eight

24:14

billion dollar endowment. Oh,

24:16

now Harvard's I'm sorry. Harvard is now at fifty

24:18

three billion dollar endowment. To

24:21

give you an idea, Harvard's

24:23

endowment is more

24:25

than the GDP of

24:27

some countries, just their endowment

24:30

And Harvard is able to look

24:32

at kids and say we want to take your money

24:34

so that you could go further and further into

24:36

debt. So

24:39

here's the updated total. And again, as

24:41

a publication of the book, we talk about

24:43

this at great length, but just

24:46

disappeared. Okay. Harvard

24:48

University, forty nine billion, Yale University,

24:50

forty one billion, Stanford University, thirty seven

24:52

billion, Princeton University, thirty

24:54

five billion. MIT, twenty four

24:57

billion. University of Pennsylvania, twenty

24:59

billion. University of

25:01

Notre Dame. Sixteen billion Northwestern

25:04

in Illinois, fourteen billion

25:06

dollars, Columbia

25:08

thirteen billion Washington University

25:11

in St. Louis, twelve billion Duke University,

25:13

twelve billion University Chicago, ten billion, Vanderbilt

25:15

University, ten billion, Emory University,

25:17

nine billion, Cornell, nine billion, Johns Hopkins,

25:20

eight billion Dartmouth, eight billion. The only

25:22

one that I'm actually supporting the endowment

25:24

to get bigger the two Liberty University in Hillsdale

25:26

are finally getting into the billions. Praise God,

25:29

they deserve it. They need it. They actually invest

25:31

in their students and don't teach their kids, they hate

25:33

America. Mind you,

25:35

that's a total right

25:37

near seven hundred

25:40

billion dollars in

25:42

college endowments. And

25:44

you have to go pay more taxes to go send

25:46

money to Ukraine. You

25:48

have to go pay more taxes to go bail

25:50

kids out. Because they studied

25:52

something silly. How about this? Congratulations,

25:56

Harvard, on your fifty three

25:58

billion dollar endowment. We're

26:00

gonna take ten billion of that because

26:03

you haven't paid capital gains tax on

26:05

that because one of the advantages of

26:09

The scheme

26:12

that exists is they're able

26:14

to reinvest that basically effectively

26:16

tax free with some excise taxes here or there.

26:19

Why don't you have to be on the hook for

26:21

the damage that you've proliferated

26:23

with these kids? And by the way, my

26:26

passion on this topic to

26:28

try and have these colleges.

26:32

Pay for this would be little less if

26:34

they actually were producing fruit.

26:37

That loved America. They

26:39

are the Woot Han Institute

26:41

of virology equivalent of idea

26:44

pathogens in our country. Every

26:47

bad idea that

26:49

we have seen infect our military, infect

26:52

our corporations, infect the

26:54

core Fabric, fiber

26:57

of our society originates on

27:01

campuses. It's

27:03

real question. Is this a

27:05

alleged money laundering scheme to

27:07

pay off colleges for their Marxist indoctrination?

27:11

Let's play another piece of tape here. Cut

27:13

forty three, Corey

27:14

Bush. She calls it student loan relief.

27:17

Play cut forty three. Do definitely

27:19

it student debt relief plan, it

27:21

takes significant steps to reducing the

27:23

racial wealth gap, and I'm

27:26

gonna address that. We

27:28

know that black bars, specifically

27:30

black women, carry the heaviest

27:33

loom that burden. We know that

27:35

black women already struggle with

27:37

wage discrimination. We earn

27:40

on average fifty eight cents. For

27:42

every dollar a white man

27:43

earns, that ain't right? That

27:46

is a lie. If you

27:48

study the same thing that a white man

27:50

earns, If you're in

27:52

the workforce for as long as a white

27:55

man is, the wage gap disappears. In fact, it

27:57

actually goes to an advantage for females. In

27:59

the major metropolitan areas across

28:01

America, New York, Seattle, San

28:03

Francisco, Portland, Los Angeles

28:05

women are earning more than men. Women are graduating

28:08

college more than men, women are getting master's degree

28:10

more than and for first time women are now getting

28:12

doctorates more than men. Women

28:14

are less likely die at work, women

28:17

are less likely to commit suicide, women

28:19

are less likely to

28:22

die because a drug overdose, So

28:25

spare me the racial

28:29

oppression Olympics, Corey Bush. I

28:32

wanna play another piece of tape here. Remember Nancy

28:34

Pelosi once said the president doesn't have this

28:36

authority, but who's actually keeping track

28:39

of this

28:39

stuff? Play cup forty two. People think that

28:41

the president of the United States has the

28:43

power for debt forgiveness.

28:46

He

28:46

does not. He can postpone, he

28:49

can delay, but he does

28:51

not have that

28:52

power. That would have asked to be

28:54

an act of congress. It

28:56

has to be an act of congress, she says.

28:59

Dictators and despots need

29:02

emergencies. And I understand

29:04

I'm reading some of these emails. They say, well, Charlie,

29:07

I was told to go to college,

29:09

and now I'm a this is a real email, hundred

29:11

and thirty five thousand dollars in debt.

29:13

This helps

29:14

me, sorry, I'm a conservative, but

29:16

I deserve the bailout. No,

29:18

you don't.

29:19

No, you don't. Yes, you

29:21

were lied to. Yes, you were deceived.

29:24

Yes, you were

29:25

swindled. But you have

29:27

agency and you need to take responsibility

29:29

for your actions. If

29:32

there was any organization or institution

29:34

that I would sympathize to make your journey

29:36

easier, it would not be the US taxpayer.

29:40

You'd be colleges. It

29:43

would be these massive hedge funds that

29:45

are sitting on this money, but do not tell

29:47

me the family that cannot afford

29:51

to put food on the table that

29:54

is an electrician in

29:56

Birmingham, Alabama that he

29:58

has to go pay more taxes because

30:01

you decided to go get a lot of degrees,

30:03

to go study some really dumb

30:06

ideas I feel

30:08

sorry for you that you got swindled and you got

30:10

deceived. That is not the

30:12

responsibility

30:13

of the American working muscular class to bail

30:15

you out.

30:19

So what what should we do about this? Well,

30:21

this is one of the major issues facing

30:24

facing young people. And while

30:26

I don't think the American taxpayer specifically

30:29

you should have to bail

30:32

out somebody's bad decisions, I

30:34

do think that there needs to be some compassion

30:37

and some movement towards holding somebody

30:39

accountable. And that somebody,

30:41

I think, should be these universities sitting on

30:44

these massive cash piles. This

30:46

one right here, what a great email? This

30:48

one and I responded to it. Charlie,

30:51

I paid back twenty four thousand dollars

30:53

in student loans, plus I

30:55

paid fifty thousand dollars

30:58

of my two daughter student loans. Do I get

31:00

a bailout? Now the left

31:02

is not moved by this argument. They say, oh, you have money.

31:04

You have rich parents. Wait a second. You know

31:06

how many parents sacrificed for

31:09

decades, took modest

31:12

vacations or no vacations at

31:14

all? Didn't go out to eat as much,

31:16

to try to build the college fund.

31:19

We are one of the most troubling

31:21

financial trends in America is

31:23

how we are disincentivizing, saving.

31:28

A nation that saves is a nation

31:30

that lasts. Now,

31:32

how are we disincentivizing saving?

31:35

Well, first of all, artificially low interest rates

31:37

for twenty years has encouraged

31:40

reckless spending. And

31:43

mal investment. That's why we are gonna

31:46

go through recession because some of these bad

31:48

investments need to pop. You

31:50

can't keep on subsidizing bad businesses

31:53

through all this government money

31:55

and expect that to be a sustainable business

31:57

model. They're gonna have to be ten to fifteen to

31:59

twenty percent of businesses that have to go

32:01

through either laying off employees, closing

32:03

down altogether, merging, getting

32:06

acquired, America

32:08

is at its best or was at

32:11

its best when delayed gratification

32:14

was a core value. The

32:16

west was built on delayed gratification.

32:20

That seems so simple and so obvious,

32:22

yet it is so rare to hear a leader

32:25

say that. Our national debt,

32:27

which is now thirty one trillion dollars,

32:30

is a byproduct of not believing in

32:32

delayed gratification. The

32:34

student loan crisis, a

32:36

nation that storms Normandy

32:38

Beach that we saw in World War two by definition

32:41

was saying, I might die

32:43

so that my grandkids can live

32:45

free. Morally,

32:47

we have gone off track. This is all an outgrowth

32:50

of having our priorities all messed

32:52

up. And Biden's attempt

32:54

to try and fix it is even worse. It's

32:57

saying we're going to punish the people

33:00

that made the good decisions. So

33:02

imagine if we tried to fix the housing crisis

33:05

by just having the government pay off fifty

33:07

percent of outstanding mortgages. We

33:09

screw over the people who bought modest homes

33:12

they could pay off earlier. We then screw

33:14

over people who rented or who bought

33:16

cheaper homes with lower mortgages. We'd

33:18

rob half. We'd rob half the country

33:21

to help the other half and would make the price

33:23

of housing go way up. That is exactly

33:25

what is happening right now with college. And

33:28

I hope Joe Biden is unsuccessful. We

33:30

have Amy Coney Barrett, man.

33:32

I don't know. She it's impossible

33:35

to know how they vote, but her questions are little

33:38

A little troubling. Neil

33:40

Gorsech Straytis, I would expect very

33:42

wonky answer, you know,

33:44

rigid constitutionalist, he'll be fine.

33:46

Cavanah, no idea. Clarence Thomas, no way

33:48

he'll go along with this alito. I

33:51

there is no mystery on this

33:53

vote in my personal guess. On

33:56

Thomas Or Alito. I think they're gonna just fine.

33:58

Thomas Alito Gorse is fine. Roberts might

34:00

as well just support it or

34:02

write the opinion of the minority.

34:04

At this point. It is tempting

34:07

to want to use the power of

34:09

the purse or the treasury to

34:12

buy votes. Every failed

34:14

civilization has leaders that emerge

34:16

that have no talent, no popularity, but

34:18

then use the public treasury to try to

34:20

win favor of the people that

34:23

they want to control. And what's so sick

34:25

about this is it's not a

34:27

ton of money. It's just enough to have you

34:29

come back groveling for more. I'm

34:32

not saying that ten thousand dollars is not a lot of money, but

34:34

in the scheme of things, Debts vary

34:36

from thirty to forty to fifty to sixty to seventy

34:38

to eighty thousand dollars in

34:40

student loan debt. And the crux

34:42

of all of this is Joe Biden needed

34:45

the COVID

34:46

emergency. That's what he used

34:48

to his justification. That

34:52

COVID, the Chinese coronavirus, that

34:54

came from a lab, was the reason

34:57

why a stroke of a pen he should be able

34:59

to eliminate somebody's

35:01

debt burden, an

35:03

insult, a middle finger to those of you that

35:05

sacrificed. Work second jobs,

35:07

played college sports for you parents that had

35:09

a college fund that helped your kids through college that

35:11

went to community college. Why

35:14

Republicans did not make this a bigger issue in

35:16

the midterms? Is a mystery to

35:18

me? Maybe you would have saw

35:20

those extra couple hundred thousand Trump voters

35:22

turn out. The muscular class members

35:24

that seemed to not care about voting,

35:27

but I rest my case. Thanks

35:30

so much for listening everybody. Email me your thoughts

35:32

as always freedom at charlie kirk dot

35:34

com. Thank you so much for listening,

35:37

and God bless. For

35:40

more on many of these stories and news you can

35:42

trust, go to charlie kirk dot com.