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Mainstream Media鈥檚 Dirty Lie About Student Loan Debt Relief - YouTube
Channel: The Young Turks
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and i know there's a lot of people who
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think we should relieve student debt you
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relieve student debt and in a very again
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perverse way it might actually create
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more inflation so
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all of this becomes so super complicated
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austin i was going to ask you about
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student debt andrew brought it up
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i mean
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as fiscal policy this seems like the
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wrong time to do it now that of course
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is andrew rosorkin and chuck todd chuck
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todd who
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he's supposed to be basically like a
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straight news person he doesn't opine on
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stuff
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and there he's making clear no he
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doesn't want student loan debt to be
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cancelled but it's the least surprising
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thing in the world none of the people
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who's ever going to appear on that show
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is going to think that it's ever time
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for the government to do something that
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helps regular people how could it be
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it's time it's any time that's how it's
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always never the time when the
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government would actually help you out
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if you know if it's tough times if we're
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in a recession caused by a public health
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crisis well then it's certainly not time
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if we finally get past it well now we're
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trying to you know redevelop our economy
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and everything is it really time to put
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the brakes on then it's never time
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but i know we obviously think that there
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is a time right now where maybe pressure
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can work with joe biden he's indicated
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that he is considering in the next few
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weeks announcing some sort of student
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loan debt cancellation now of course
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that was before the scotus decision
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people's eyes might have been taken off
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the prize maybe they will use that to
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weasel out of the uh the the promises
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that he's made but i want to talk about
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what this might look like i know jank
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you were asking how much would it cost
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to cancel certain levels of student loan
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debt so it depends on do you ask but
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generally i've looked up multiple
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different sources saying that to cancel
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ten thousand dollars in federal student
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loan debt for each borrower would cost
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somewhere between 320 and 380 billion
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dollars and that by the way would
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eliminate the entire student loan debt
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for about uh one out of three uh people
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who have debt now if you were to raise
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that up to fifty thousand dollars for
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every single person then that would cost
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about nine hundred billion dollars and
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it would take away about eighty percent
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of everyone's student loan debt so you
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got about 320 billion on the low end 900
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billion on the high end that's sort of
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the figures that we're talking about you
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know i just there's a reason why i asked
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for that because
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mainstream media always quotes the
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number not of 320 and 389 they always
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quote 1.75 trillion
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but wait is that the proposal that's to
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get rid of all student debt in the
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country period right
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the proposal that biden is considering
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is getting rid of 10 000 only 10 000 of
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student debt and only for some people
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which would be less than 320 million
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because it would eliminate a bunch of
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people okay
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but mainstream media doesn't want you to
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do it because that well that might hurt
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bankers or other rich friends of theirs
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so
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instead of saying 300
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billion they say 1.75 trillion
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but wait nobody's considering that
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proposal so biden very clearly said i am
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definitely not considering that proposal
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forget at all he said i'm not even
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considering the 50 000 number no way so
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why are you giving the much higher
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number it is factually incorrect why
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because they want to trick you into not
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doing student debt now
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on the other hand
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we just passed tons and tons of aid to
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ukraine
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i think they should get that aid i'm
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happy that they're getting it but
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billions tens of billions of dollars
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nobody blinked deny i this
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andrew ross sorkin didn't go on tv going
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well i mean with inflation should we
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really be sending all this money to you
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great
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chuck todd the neutral
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objective reporter on msnbc didn't come
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out and say i mean is this the time for
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aid to ukraine i mean is this the time
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no because that's all going to defense
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contractors so they high five behind the
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scenes they're like it honestly the
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group think is so thick that before they
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brainwash you they brainwash themselves
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to them it never occurs to them to
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question how we're going to pay for
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defense contractors
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yeah do they have defense contractor
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lobbyists on their air all the time yes
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do they ever identify them as such no
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they identify him as former general
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former colonel blah blah blah right and
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uh do do they
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uh
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have advertisers often that are defense
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contractors yes
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would they want to insult them and lose
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millions of dollars no
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okay but no they if you listen to them
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oh that's outrageous no way no you have
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to do the defense okay well how about
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just giveaways to corporations just
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yesterday on the show we talked about
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how they're considered giving 50 billion
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dollars
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to tech companies
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that are the richest companies in the
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world including amazon
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50 billion dollars
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never ask the mainstream media how are
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you going to pay for that
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nobody came out why is this the right
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time with inflation to needlessly take
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50 billion in cash and hand it to
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corporations who don't need it at all
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with no checks on it why are you doing
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it how well for research and development
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is it specifically for research and
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development no can they just use it to
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buy back their own stock and literally
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build matches with it yes
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because bernie actually tried to put a
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provision saying they can't do stock
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buybacks they have to actually use it
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for the purpose we're claiming
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and they said no bernie they can use it
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for whatever no we're just lying about
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that bernie stop annoying us this is
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just a
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unbelievable gargantuan giveaway to the
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rich by the way that's not all they're
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considering a 125 billion dollar
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giveaway
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in general to corporations
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and chuck todd has never said
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this doesn't look like the time to give
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away hundreds of billions of dollars to
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corporations student debt relief that's
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actually human beings
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no way get out of here that's not the
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moderate position that would help
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americans no we don't want that the
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moderate position to help corporations
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and only corporations they did that same
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trick with medicare for all too we went
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through a an entire pandemic we're still
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dealing with covid19 and
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millions of americans still don't have
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health care and they did the same trick
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during 2016 with the bernie sanders
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campaign talking about how medicare for
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all was going to cost some some crazy
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number like 40 trillion dollars they
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don't talk about how it's actually over
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10 years
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and i forget the exact number of that
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now
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but they use those gigantic numbers to
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scare people and at the same time when
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you look at the defense budget
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those are even bigger numbers and it's
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constantly approved with a rubber stamp
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with no thought outs that well of course
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we have to give weapons to uh other
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countries now i'm not saying we
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shouldn't give weapons to ukraine they
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obviously do need them but we never seem
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to think about
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you know
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actually doing stuff for average people
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too
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and there's never any consideration of
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doing that
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nobody thinks about it and it's just
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automatically we're just going to shovel
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money at defense contractors at big
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corporations
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and but whenever it comes to people oh
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is it really time is it time for health
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care is it time for student loan uh debt
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relief which by the way 10 000 drop in
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the bucket it goes down to biden saying
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nothing will fundamentally change
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because when you look uh at the banks
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you said that earlier today or early in
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the segment
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well the banks uh make a lot of money
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off student loan asset-backed securities
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and if he does something about student
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loan debt if he actually cancels the
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entire thing that's going to really
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affect the markets and he doesn't like
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that okay i got to say more about that
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isn't this funny guys again you could
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double check everything we're talking
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about we're not right-wing media telling
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you oh you got to tan your testicles in
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order to kirk over covert or whatever
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the health packer carlson says and we're
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and so mainstream media loves
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right-wingers left-wingers they're all
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the same
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remember everybody corporations are the
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only correct answer okay but no i want
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you to double check us i want you to
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double check the facts so when it came
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to buildback better that had paid family
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leave lower drug prices etc they caused
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they said 1.7 trillion dollars what a
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giant price tag 1.7 trillion okay when
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it comes to the defense budget well
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that's about 800 billion but that's just
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for one year the 1.7 trillions for 10
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years so if you did the same
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unit of time for the defense budget
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it wouldn't be 1.7 trillion like build
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back better it would be
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8 trillion
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eight trillion
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and never ever questioned in mainstream
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media everybody just assumes obviously
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you have to do that do you have to do
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the entire 8 trillion
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is it possible to defend america with a
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little under 8 trillion and maybe take
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for example 1.7 trillion of that and
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give us health care and give us child
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care and give us paid family leave and
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by the way there was a million
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provisions that the american people
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loved in that bill that is and and when
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was biden the most popular he was the
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most popular after he passed covert
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relief bill okay because that actually
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had progressive positions in it they
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were small and they were temporary but
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it at least had progressive positions in
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it he was sky high he has done nothing
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since then he's lost 25 points the
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bottom has fallen out and they're like
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that's why you shouldn't do progressive
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positions
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and they all say they all say it in
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unison so guys isn't it amazing isn't it
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interesting i'm asking you if you're a
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moderate moderate democrat moderate
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republican etc what they call a monitor
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isn't it interesting they want to
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student debt relief and you can see it
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not only in the stories that we already
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covered you'll be able to see it in the
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future when you turn on sienna and msnbc
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and fox news what's the conventional
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wisdom they never agree right i mean fox
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is over here msnbc is over here that's
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the they are msnbc way left fox is right
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it said
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no they all agree on this you shouldn't
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have student debt relief we've already
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done two or three segments of boxing's
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going ah student debt you know that's
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terrible okay janine pirro saying oh you
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should pay your debts your bums she owes
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six hundred thousand dollars for a
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former campaign okay
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and and now huh msnbc agrees with fox
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news
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oh they're all
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multi-billion dollar corporations
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and they believe in giveaways for
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corporations but nothing for the actual
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americans what do they disagree on
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should you tan your testicles or not who
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cares
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who should 13 people in the country
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that are on girls tracks teams be on
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boys tracks teams we have a country with
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330 million people we're talking about
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that oh big disagreement big
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disagreement everybody get distracted
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have you taken all the money out yet
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chuck go keep it going keep it going i'm
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distracting all of them with squirrels
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oh dr seuss books that's so important
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defense give him all the money give all
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the money to the contractors give all
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the money to the drug companies okay oh
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look at this uh the critical race theory
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well we disagree so much student debt
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relief it's a wall of conservative
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corporate propaganda
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no no to the american people no to the
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is this the time this is not the time
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hey we all agree right you say this is
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not the time you say this is not the
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time and i say this is not the time
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well when are you gonna have a
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progressive on saying it is the time
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when are you going to have a progressive
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on that actually says the facts isn't it
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interesting that the right wing is all
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over television
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corporate uh democrats and republicans
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are all over television the one people
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not allowed on are the one people who
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have the truth the set of people who
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would tell you wait but chuck and andrew
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and all of you every goon on here you're
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you're not telling the truth look at the
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two different programs yeah ah
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conveniently they're not allowed on
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television so nobody ever finds it there
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was a brief window where one show was
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letting some progressives on
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unfortunately it was chris cuomo so
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that's right and and by the way rick
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sanchez on cnn did a segment on money in
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politics and we didn't covered it we're
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like whoa okay give cnn credit that was
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a real segment where he pointed out the
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donors he was fired within two or three
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weeks they say ostensibly for a
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different reason okay cuomo's and you
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know to be fair to msnbc they also had
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some fire breathers talking about how
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wall street is extracting money from the
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system and not actually doing anything
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and you should watch out for that dylan
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radigan mm-hmm he's ed schultz
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me
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wait none of us are on anymore that's
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weird to be fair i i i only mentioned
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chris chrome i don't think there's a
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conspiracy that took him down i think he
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did that stuff yeah yeah cuomo is a
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different situation right it's not
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there's guys we live in the real world
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okay cuomo clearly had issues right
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um
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so but ed schultz didn't have those
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issues phil donahue didn't have those
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issues that's an old-school msnbc host
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that was taking over actually banfield
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didn't have those issues radigan didn't
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have them yet anyone who mentions an
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honest assessment of how corporations
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are bilking you
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all of a sudden they're not on air
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anymore
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it's there's a progressive blockade
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because
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in reality all of mainstream media is
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working for corporations they are
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corporations they're all gigantic
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corporations
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that hire mouthpieces but instead of
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putting them in their pr department they
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put them on air as reporters and anchors
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it's not an accident that they're
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tricking you they're trying to trick you
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thanks for watching the young turks
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