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Speaker 1: I'm Michael Berry, and it is an honor to be

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Speaker 1: filling in for Clay and Buck, who will be back

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Speaker 1: with you on Wednesday after a July fourth break Tomorrow.

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Speaker 1: On Wednesday, they will be talking to former New Jersey

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Speaker 1: Governor Chris Christie and it should be interesting to hear

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Speaker 1: how Chris Christy responds to his inability to make any

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Speaker 1: moves in the polls. But I will leave that to

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Speaker 1: Clay and Buck for now. Let's start with someone else

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Speaker 1: I'm not fond of, and that's Lindsey Graham. On the

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Speaker 1: evening of January sixth, after the stop the Steel rally,

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Speaker 1: the President Trump, President Trump speaks to his fans and

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Speaker 1: they walk over to the Capitol. And regardless of what

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Speaker 1: you believe happened that day, I believe a number of

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Speaker 1: FBI agents were encouraging inducing some sort of violent rally,

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Speaker 1: which didn't occur. The only death that occurred was to

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Speaker 1: an American patriot who she was a veteran, was killed

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Speaker 1: by an officer who wasn't punished and should have been.

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Speaker 1: There were a lot of things going on at the time.

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Speaker 1: They were supposedly a bomb placed at the Republican headquarters

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Speaker 1: and the Democrat headquarters. There was supposedly all this violence,

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Speaker 1: but the very guy we have on video encouraging it, well,

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Speaker 1: we're told that he was a great guy, and he's

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Speaker 1: the one guy who wasn't prosecuted. Adam Kin Singer and

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Speaker 1: Liz Cheney sure did try to send a lot of

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Speaker 1: patriots to prison, and many of them ended up there.

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Speaker 1: And Lindsey Graham, what did he do that day? Well,

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Speaker 1: that evening, Lindsey Graham said he did not want to

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Speaker 1: be associated with the people who.

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Speaker 2: Had told or Uncle Sam outfits little ladies and American

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Speaker 2: patriots and small business owners and veterans, people who conducted themselves,

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Speaker 2: in my opinion, in a commendable manner.

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Speaker 1: Or we were told it was an insurrection. Wel come,

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Speaker 1: nobody had guns. What exactly was this all about? Seemed

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Speaker 1: to me like a group that were disenchanted that their

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Speaker 1: presidential candidate hadn't won, whether it was due to a

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Speaker 1: cheat or lack of turnout or whatever you think that

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Speaker 1: may have been. But we focus on Lindsey Graham, the

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Speaker 1: Republican senator from South Carolina who vacillates between trashing Donald

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Speaker 1: Trump and his supporters and loving Donald Trump, depending on

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Speaker 1: the mood. On January sixth, Lindsey Graham had this to say,

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Speaker 1: and before we start, Lindsey Graham then said that it

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Speaker 1: seemed like Joe Biden would be the best man to

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Speaker 1: be president after this because he would do the best job.

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Speaker 1: And you think about how many people have gone to prison,

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Speaker 1: think about how many people have been harassed, think about

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Speaker 1: everything Joe Biden has done, none of which is a

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Speaker 1: surprise to any of us. As Denny Green, then coach

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Speaker 1: of the Arizona Cardinals said after they almost beat the

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Speaker 1: Patriots but didn't, he is who we thought he was,

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Speaker 1: and nobody knows that better than Lindsay Graham. He's been

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Speaker 1: in politics for thirty years, in the Senate for twenty,

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Speaker 1: Joe Biden fifty years in the United States Senate. Lindsey

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Speaker 1: Graham knows exactly who Joe Biden is. So when he

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Speaker 1: said this on January sixth, he knew what he spoke

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Speaker 1: will actually come out of this thing.

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Speaker 3: Still, moments like this reset we'll take a while people

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Speaker 3: have calmed down. People who are I don't want to

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Speaker 3: be associated with that this is their group within our group.

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Speaker 3: What this does is there'll be a rallying effect for

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Speaker 3: a while in through the country, it says we're better

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Speaker 3: than this, and Biden knows that totally.

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Speaker 1: He'll be a maybe the best person to have right.

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Speaker 1: I mean, how bad can you get it, Joe Biden? Okay,

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Speaker 1: pretty bad. I think we've sunk to the depths and

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Speaker 1: we're getting an idea. So now fast forward to a

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Speaker 1: couple of days ago. Lindsey Graham has gone back the

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Speaker 1: favorite son he would have you believe of Pickin's, South Carolina,

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Speaker 1: and he's going to be introducing Donald Trump. The police

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Speaker 1: chief said that there were fifty thousand people at this rally.

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Speaker 1: So Trump's about to speak to the gathered and Lindsey

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Speaker 1: Graham gets up on stage to introduce him. This is

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Speaker 1: not only the state he's from, this is the community

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Speaker 1: he's from. And these people didn't forget listen to them,

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Speaker 1: boo him and enjoy.

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Speaker 4: Ladies and gentlemen, please welcome United States Senator Lindsey Graham

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Speaker 4: or monsters.

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Speaker 3: Thank y'all, welcome to Pickens. Thank you all for coming.

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Speaker 1: Thank you very.

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Speaker 3: Much, thank you, thank you all, thank you all for coming.

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Speaker 3: Thank you very very much, thank you, thank you, thanks

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Speaker 3: a much. Well, well, you want to find something in common.

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Speaker 3: All right, thank y'all, thank you all very much. Welcome

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Speaker 3: to Pickens County. A little bit about this county. Just

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Speaker 3: calm down for a second. I think you'll like this.

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Speaker 3: Pickens County has more medal of honor winners per capita

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Speaker 3: than any place in the nation. I was born in

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Speaker 3: this county. I live fifteen miles down the road.

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Speaker 1: They don't seem too impressed. Even throwing in the medal

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Speaker 1: of honor winners didn't win him any applause. Mind you,

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Speaker 1: this is a crowd that's on the verge of going

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Speaker 1: crazy for Donald Trump in his speech booing the man

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Speaker 1: chosen before that to introduce him. Perhaps it's because, going

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Speaker 1: back to twenty sixteen, Lindsey Graham has been claiming that

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Speaker 1: a win in Ukraine is in the offing, and the

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Speaker 1: man loves loves to claim that Putin is about to

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Speaker 1: be toppled, and that you're boys blood needs to be

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Speaker 1: spilled and your back pocket pillaged to pay for his effort.

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Speaker 1: Lindsey Graham has a strange, twisted, perverse love of sending

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Speaker 1: our young men into battle. And people have had enough.

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Speaker 1: The rise of the Tea Party, the rise of the grassroots,

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Speaker 1: the absolute rejection of the neo cons is the biggest

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Speaker 1: most important change in Republican Party voters in the last

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Speaker 1: fifteen years, and interestingly, Trump reflects that and DeSantis seems

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Speaker 1: to be following the same path because they recognize that's

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Speaker 1: where the heart and soul of the Republican voter is.

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Speaker 1: We'll get to your calls later in the show. I

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Speaker 1: want to start by focusing on to start with the

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Speaker 1: two biggest cases to come out of the Supreme Court

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Speaker 1: last week. One of them related to affirmative action in

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Speaker 1: university admission and one of them related to student loan

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Speaker 1: debts in university admissions, or as I would like to

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Speaker 1: frame the question who gets into college and who pays

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Speaker 1: for it? But before we do that, to really because

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Speaker 1: the university and getting into the right university and paying

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Speaker 1: these obscene amounts of money for the university seems to

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Speaker 1: be a national preoccupation. I have a son who is seventeen,

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Speaker 1: about to enter his senior year. I have a younger son, Crockett,

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Speaker 1: who's a freshman about to enter his sophomore year, and

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Speaker 1: we've been doing college tours. Most people I know who

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Speaker 1: have high school students are in one way or another

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Speaker 1: considering what their child's going to do when they graduate

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Speaker 1: high school, and in most cases that involves some level

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Speaker 1: of higher education. Maybe it's the military, and in some

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Speaker 1: cases maybe it's the military, partly from patriotism and partly

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Speaker 1: because it helps pay for school. Very few people think

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Speaker 1: about vocational institutions, even though those are the real life

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Speaker 1: skills that will give you a career and a profession

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Speaker 1: that you can make money. So what is the importance

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Speaker 1: of this university? Before we get to the two Supreme

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Speaker 1: Court rulings and why they are important, let's step back

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Speaker 1: and ask the question, why is the university and the

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Speaker 1: particular university so important? It seems almost like a summer camp.

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Speaker 1: It's just place you're going to go and you're going

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Speaker 1: to learn about yourself, and you're going to explore, and

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Speaker 1: you're going to get room and board while you're there,

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Speaker 1: and you're going to meet all these interesting people. And

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Speaker 1: at the end of it all, what, there's not a

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Speaker 1: job waiting, especially if you're a sociology or a psychology major.

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Speaker 1: So why take on all this debt? Why is the

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Speaker 1: federal government owning you this money? Why aren't people able

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Speaker 1: to pay this debt back? If going to the university

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Speaker 1: was going to increase your earning capacity. And why is

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Speaker 1: it so important to let black kids into the university

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Speaker 1: and keep Asian kids out? What's the overarching goal? What

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Speaker 1: exactly are we trying to accomplish. Let's step back from

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Speaker 1: our immediate political thoughts, because this is a highly political issue,

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Speaker 1: and consider that in those rulings coming up. And there

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Speaker 1: you have it. The day you get to sit in

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Speaker 1: the big seat for Clay and Buck and the technology

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Speaker 1: works against you. Bearer with me, we are making it happen. Fortunately,

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Speaker 1: it's the best team in radio and they are working

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Speaker 1: with my own lack of ability with engineering issues. But

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Speaker 1: here we go. So the discussion I want to have

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Speaker 1: relates to the university and this massive expenditure individuals and

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Speaker 1: our government are making so that you can have this

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Speaker 1: supposedly four years some of you had five, six or seven.

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Speaker 1: Some people don't get a degree, some people never go,

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Speaker 1: some people go to the military, someple go to vocational schools.

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Speaker 1: But for whatever reason, we have decided that this massive

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Speaker 1: expenditure of money needs to be outlaid to go to college.

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Speaker 1: Total national consumer debt is sixteen point five to one

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Speaker 1: trillion dollars, which ought to frighten you. Seventy one percent

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Speaker 1: is your largest asset, your mortgage. The second largest source

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Speaker 1: of loans are student loans at almost ten percent. That's

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Speaker 1: more than auto loans at nine percent. It's more than

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Speaker 1: credit cards at five and a half percent. And consider

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Speaker 1: this fact some people take credit card loans to supplement

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Speaker 1: their student loans while they're going to college. Is it

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Speaker 1: really healthy for people to spend four or more years

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Speaker 1: not working, taking on loans to go to the university

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Speaker 1: toward what end, to get a better job, to explore

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Speaker 1: potential career. Ask yourself, this is what you went to

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Speaker 1: college for what you're doing today. I went to law school,

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Speaker 1: and now I'm just begging the clay Buck team to

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Speaker 1: figure out how to get me connected because I don't

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Speaker 1: have an engineer here, which means I wish I'd gone

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Speaker 1: to engineering school or at least spent some time running

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Speaker 1: aboard instead of just talking on a radio show. But

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Speaker 1: if we're spending so much money on student loans as

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Speaker 1: a nation, as a people, what's the purpose? Why is

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Speaker 1: it so important? Two major Supreme Court cases came down

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Speaker 1: last week that relate to two major things regarding the

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Speaker 1: university number one who gets in. See, universities want to

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Speaker 1: put black kids in front of white kids, no matter

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Speaker 1: what the black kids have done and what the white

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Speaker 1: kids have done. If the black kids scores are lower

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Speaker 1: than the white kids, oh that's okay. If the black

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Speaker 1: kid doesn't do as well in school as the white kid,

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Speaker 1: well we still want to put that kid in front

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Speaker 1: of the Why what ind why are we sending these

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Speaker 1: people to the university in particularly the IVY leagues. What

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Speaker 1: is so important about that? Do you get a badge,

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Speaker 1: secret handshake, an automatic job offer? How did we allow

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Speaker 1: this to happen? That the universities control success in this

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Speaker 1: country to the extent that they even do. That's what

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Speaker 1: I want to talk about. Hopefully we've secured our engineering

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Speaker 1: issues and we'll continue that conversation coming up. So four

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Speaker 1: hundred billion dollars, that's what Joe Biden wants to spend

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Speaker 1: your taxpayer dollars helping out forty three million Americans who

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Speaker 1: owe between twenty thousand and say forty thousand dollars. It's

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Speaker 1: up to ten thousand dollars that they'll wipe away of

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Speaker 1: your student loans and up to twenty thousand if it's

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Speaker 1: Pelgram money, So taxpayer dollars will be redirected from people

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Speaker 1: who didn't go to college, or who paid for their

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Speaker 1: own college and paid off their student loans, or worked

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Speaker 1: while they were going to school. Taxpayer dollars will pay

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Speaker 1: back student loans for people who don't want to pay

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Speaker 1: them back. And I'm old enough to remember last month

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Speaker 1: when Republicans caved to the Democrats in their debt sealing

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Speaker 1: deal because dead burn it Americans pay their bills. Remember,

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Speaker 1: we had to have a debt sealing increase because we

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Speaker 1: had to pay off our debts, because Americans make good

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Speaker 1: on our debts. That's what the Democrats kept telling us.

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Speaker 1: But now we're saying that university students don't have to

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Speaker 1: pay off their debts. Well, last month's debt sealing debate

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Speaker 1: was a way to take on more debts to pay

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Speaker 1: off the debts we already had. And now what we're

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Speaker 1: doing is a four hundred billion dollar wealth transfer from

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Speaker 1: taxpayers to university students, some of whom graduated, some of

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Speaker 1: whom didn't, who don't want to pay back their loans.

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Speaker 1: The case was Biden versus Nebraska. John Roberts wrote the

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Speaker 1: majority opinion. It was a six to three ruling, the

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Speaker 1: Conservatives in favor, the liberals against. This goes back to

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Speaker 1: something that happened during the Trump administration. Betsy Devas, who

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Speaker 1: was the Education Secretary, used something called the Heroes Act.

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Speaker 1: The Heroes Act was passed after September eleventh, and that

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Speaker 1: gave the Secretary of Education the ability to modify this

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Speaker 1: student loan program during a time of crisis. I think

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Speaker 1: we can all agree that nine to eleven was a crisis,

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Speaker 1: but for some reason, the Secretary of Education at the

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Speaker 1: time needed the ability to keep people from having to

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Speaker 1: pay back their student loans. We didn't give that protection

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Speaker 1: for your home, for your car, or for your credit cards.

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Speaker 1: But for some reason, when there's an emergency, the Heroes

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Speaker 1: Act says, college students just aren't able to pay back

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Speaker 1: their student loans. So we've got to give the Secretary

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Speaker 1: of Education the ability to keep them from having to

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Speaker 1: pay back their student loans, or to forgive them or

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Speaker 1: at least in the short term. Well, twenty thousand dollars

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Speaker 1: per borrower at four hundred billion dollars supposedly would help

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Speaker 1: forty three million Americans. But what nobody discusses is university endowments.

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Speaker 1: Harvard University has a fifty billion dollar university endowment that

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Speaker 1: means two and a half million people could have the

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Speaker 1: entirety of their student loans wiped out if Harvard saw

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Speaker 1: fit to do so. But while Harvard receives money from

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Speaker 1: the government and from the students through the student loan

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Speaker 1: that the taxpayer pays for, somehow Harvard can separately build

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Speaker 1: a revenue stream of their investments that never has to

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Speaker 1: go to pay back these students or pay for these

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Speaker 1: students to resolve their debts. When this program was announced

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Speaker 1: on August twenty second, student loan repayment had already been

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Speaker 1: on HOLL for two years. So most of these students

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Speaker 1: that are now complaining that they can't pay back their loans,

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Speaker 1: they haven't paid back their loans since we were COVID

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Speaker 1: during the Trump administration, so they've had over two years

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Speaker 1: of not paying back their loans, and now the idea

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Speaker 1: that starting in September they have to start making a

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Speaker 1: minimal payment per month is just overwhelming. Why is it

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Speaker 1: that these students who took on all this debt to

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Speaker 1: go to college so they could make more money and

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Speaker 1: have a better career can't pay back their loans. What

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Speaker 1: about people who don't go to college. How do they

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Speaker 1: pay back their loans on their truck? How do they

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Speaker 1: pay back their credit card loans? How do they pay

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Speaker 1: for their mortgages. Why is it that the only group

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Speaker 1: that's getting help bailing them out from their loans are

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Speaker 1: college students, many of whom don't graduate, many of whom do.

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Speaker 1: Why are they so unable Well, because we all know, Hey,

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Speaker 1: they haven't been taught that they have to repay their requirements.

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Speaker 1: It's as if this money was free in the first

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Speaker 1: first place. And if you can borrow money that you'll

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Speaker 1: never have to pay back, it means you'll borrow more money,

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Speaker 1: and the more money you inject into the system, of course,

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Speaker 1: the inflationary effect. It's the quantitative easing of student loans.

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Speaker 1: So that's why the university experience costs so much more

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Speaker 1: than it used to in the early nineties when I

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Speaker 1: was in school. We've got people who when their child

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Speaker 1: is born, are taking on loans, are beginning a savings

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Speaker 1: process to save money so that their student, their kid

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Speaker 1: when they're eighteen years old, can have this four year experience.

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Speaker 1: That's such a life changer. We got people that spend

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Speaker 1: eighteen years with their financial advisor. How much do I

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Speaker 1: need to put into this tax deferred account to be

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Speaker 1: able to pay for my kid to go to school.

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Speaker 1: We've got other people who take on jobs while they're

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Speaker 1: going to school, or they go to night school, or

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Speaker 1: they go to military to get the government payment of

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Speaker 1: their university experience. So why is it that there is

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Speaker 1: created this special class of individuals who apparently cannot or

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Speaker 1: will not pay back their loans and why does it matter? Well,

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Speaker 1: that gets to the case that was Biden versus Nebraska.

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Speaker 1: You see, individuals were trying to sue over this for

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Speaker 1: a number of different reasons, and they couldn't get standing.

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Speaker 1: You can't just complain about a government program and you

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Speaker 1: get to sue. You don't have standing, you don't have

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Speaker 1: the basis to be in the courtroom against the other side.

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Speaker 1: But the State of Missouri Attorney General on behalf of

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Speaker 1: the state of Missouri and six attorneys general brought this lawsuit.

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Speaker 1: And the reason was because the State of Missouri, if

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Speaker 1: these loans aren't paid back, there won't be money in

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Speaker 1: that fund that would be able to fund the next

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Speaker 1: generation of university students, and that is a harm that

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Speaker 1: must be corrected. So, if you don't pay back these

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Speaker 1: accounts that lend the money in the first place, then

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Speaker 1: how does the next generation of student pay for their

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Speaker 1: university experience. There will be no money in the kitty

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Speaker 1: for student loans if these people don't pay their student

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Speaker 1: loan money back. And so that was the harm that

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Speaker 1: was done. Well, if you don't make these people pay

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Speaker 1: the money back, where is the money in the future

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Speaker 1: that is supposed to be lending money for kids to

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Speaker 1: go to school that weren't able to go to school. Well,

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Speaker 1: in the old days, you had to show that you

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Speaker 1: couldn't afford to go to college in order to get

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Speaker 1: the student loan. There would be grants, there would be scholarships,

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Speaker 1: and there would be loans. Then in twenty ten, Barack

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Speaker 1: Obama decides we're not going to have private lenders loaning

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Speaker 1: to students. The government's going to take it over. And

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Speaker 1: when the government takes it over, that gives the government

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Speaker 1: the ability to lend to you or to get away

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Speaker 1: from you. And Michael Berry is to play up. We'll

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Speaker 1: continue coming up