1 00:00:00,240 --> 00:00:02,840 Speaker 1: People think that the President of the United States has 2 00:00:02,880 --> 00:00:07,240 Speaker 1: the power for debt forgiveness. He does not. He can postpone, 3 00:00:07,720 --> 00:00:11,520 Speaker 1: he can delay, but he does not have that power. 4 00:00:12,160 --> 00:00:15,200 Speaker 1: That has to be an act of Congress. The president 5 00:00:15,320 --> 00:00:19,400 Speaker 1: can't do it, So that's not even a discussion. Not 6 00:00:19,440 --> 00:00:25,440 Speaker 1: everybody realizes that. But the president can only postpone, delay, 7 00:00:25,480 --> 00:00:29,120 Speaker 1: but not forgive. That is a quote from Democrat House 8 00:00:29,160 --> 00:00:35,440 Speaker 1: Speaker Nancy Pelosi twenty seven days before Joe Biden unilaterally 9 00:00:35,520 --> 00:00:45,559 Speaker 1: forgave student debt. This is Verdict with Ted Cruz. This 10 00:00:45,600 --> 00:00:48,360 Speaker 1: episode of Verdict with Ted Cruz is sponsored by American 11 00:00:48,440 --> 00:00:51,040 Speaker 1: Hartford Gold. If you're like me, then you are growing 12 00:00:51,080 --> 00:00:53,800 Speaker 1: more and more concerned about the state of our country 13 00:00:54,040 --> 00:00:57,640 Speaker 1: and about your own future. Inflation is at the highest 14 00:00:57,720 --> 00:01:00,360 Speaker 1: rate that we've seen in forty years, and interest rates 15 00:01:00,360 --> 00:01:04,320 Speaker 1: are skyrocketing. In fact, market experts like Jamie Diamond, who 16 00:01:04,440 --> 00:01:07,640 Speaker 1: is the CEO of JP Morgan, are not only predicting 17 00:01:07,640 --> 00:01:10,679 Speaker 1: that we will face an economic recession, they're using phrases 18 00:01:10,720 --> 00:01:15,679 Speaker 1: like economic hurricane and unprecedented. 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Again the 37 00:02:10,160 --> 00:02:13,760 Speaker 1: phone number is eight five five seven six eight one 38 00:02:13,960 --> 00:02:16,720 Speaker 1: eight eight three. Or you can send the word cactus 39 00:02:16,880 --> 00:02:19,880 Speaker 1: via text message to six five five three two. You'll 40 00:02:19,880 --> 00:02:23,560 Speaker 1: be glad you did. Welcome back to Verdict with Ted Cruz. 41 00:02:24,040 --> 00:02:28,840 Speaker 1: I am Michael Knowles, joined as ever by Senator Cruz. 42 00:02:29,800 --> 00:02:31,440 Speaker 1: We're so happy to be with all of you, and 43 00:02:31,520 --> 00:02:34,679 Speaker 1: condolences to all of the poor schmucks out there who 44 00:02:34,720 --> 00:02:38,239 Speaker 1: actually paid off your student debts or your kids student debts. 45 00:02:38,760 --> 00:02:40,480 Speaker 1: You really blew it, folks. You could have gotten a 46 00:02:40,480 --> 00:02:43,120 Speaker 1: freebe but you did the right thing, and now too 47 00:02:43,160 --> 00:02:47,400 Speaker 1: bad for you. It's fairly stunning. You know. I'm reminded 48 00:02:47,440 --> 00:02:50,000 Speaker 1: of mel Brooks when he observed it's good to be 49 00:02:50,040 --> 00:02:54,359 Speaker 1: the king. What Joe Biden is doing is completely lawless. 50 00:02:54,520 --> 00:02:57,920 Speaker 1: So Senator I not only take your word for it 51 00:02:57,960 --> 00:03:01,240 Speaker 1: that this is not legal, I so take Nancy Pelosi's 52 00:03:01,280 --> 00:03:04,040 Speaker 1: word for it. Never thought I would say that's statement. 53 00:03:04,160 --> 00:03:07,320 Speaker 1: But when's the last time Nancy and I agreed this 54 00:03:07,919 --> 00:03:10,600 Speaker 1: might be the one and only time Joe Biden bringing 55 00:03:10,639 --> 00:03:14,520 Speaker 1: the country together. I think the argument they tried to 56 00:03:14,560 --> 00:03:18,320 Speaker 1: make was that this in some way related to the 57 00:03:18,400 --> 00:03:22,320 Speaker 1: Heroes Act after September eleventh, and they're all these kind 58 00:03:22,360 --> 00:03:26,680 Speaker 1: of bizarro expost facto explanations of how Biden did this. 59 00:03:26,760 --> 00:03:28,880 Speaker 1: But I take both of your word for it that 60 00:03:28,880 --> 00:03:32,320 Speaker 1: it's not really legal, and yet obviously he is doing 61 00:03:32,320 --> 00:03:33,800 Speaker 1: it so well. He might not have the right to 62 00:03:33,800 --> 00:03:36,800 Speaker 1: do it, he apparently has the power to do it. 63 00:03:37,240 --> 00:03:39,760 Speaker 1: My question then, is less about the law and more 64 00:03:39,800 --> 00:03:43,640 Speaker 1: about the politics of this Biden. I guess he just 65 00:03:43,680 --> 00:03:46,360 Speaker 1: thinks he's buying votes and the way that machine politics 66 00:03:46,360 --> 00:03:50,240 Speaker 1: has often bought votes. Is this going to work in November. Well, 67 00:03:50,320 --> 00:03:53,280 Speaker 1: let's thank those one at a time. On the law question, 68 00:03:53,920 --> 00:03:55,760 Speaker 1: I think it is clear that he does not have 69 00:03:55,880 --> 00:03:58,400 Speaker 1: the legal authority to do this, and this week's cloak 70 00:03:58,480 --> 00:04:01,680 Speaker 1: Room on Verdict Plus is entirely about that we do 71 00:04:01,720 --> 00:04:08,000 Speaker 1: a deep dive into the statutes, into the asserted justifications. 72 00:04:08,560 --> 00:04:11,440 Speaker 1: The Biden Department of Justice put out a new memorandum 73 00:04:11,480 --> 00:04:14,720 Speaker 1: from the Office Legal Counsel trying to claim it had 74 00:04:14,760 --> 00:04:17,479 Speaker 1: the authority to do this, and so on cloak Room, 75 00:04:18,240 --> 00:04:21,239 Speaker 1: I go into the statutes, into the details and explain 76 00:04:21,320 --> 00:04:23,880 Speaker 1: why all of that is nonsense. And in terms of 77 00:04:23,920 --> 00:04:28,880 Speaker 1: the politics, I don't know. So there are cross cutting concerns, 78 00:04:28,920 --> 00:04:30,800 Speaker 1: and the honest answer is I don't know how this 79 00:04:30,839 --> 00:04:35,720 Speaker 1: will play politically. Let me give the argument for why 80 00:04:35,760 --> 00:04:38,680 Speaker 1: it will play badly for the Democrats, and then I'll 81 00:04:38,720 --> 00:04:41,960 Speaker 1: give the argument why it'll play well. The argument why 82 00:04:42,000 --> 00:04:47,239 Speaker 1: it plays badly is that it is reverse Robin Hood. 83 00:04:48,000 --> 00:04:51,080 Speaker 1: Robin Hood stole from the rich and gave from the poor. 84 00:04:51,279 --> 00:04:53,560 Speaker 1: This is Joe Biden stealing from the poor and giving 85 00:04:53,560 --> 00:04:55,599 Speaker 1: to the rich. And let me give you some statistics. 86 00:04:56,200 --> 00:05:01,360 Speaker 1: According to Brookings, the left wing think to the media, 87 00:05:01,360 --> 00:05:04,840 Speaker 1: and income of households with student loans is seventy six thousand, 88 00:05:04,880 --> 00:05:08,520 Speaker 1: four hundred. Only seven percent of those are below the 89 00:05:08,560 --> 00:05:12,120 Speaker 1: poverty line. So these are not typically the poor that 90 00:05:12,160 --> 00:05:14,520 Speaker 1: we're talking about that have student loans. But look they've 91 00:05:14,520 --> 00:05:17,480 Speaker 1: gone to college or grad school, so that that tends 92 00:05:17,480 --> 00:05:20,720 Speaker 1: to move you up in the income skis strata to 93 00:05:20,800 --> 00:05:25,080 Speaker 1: begin with, among those making payments on their loans. So 94 00:05:25,160 --> 00:05:27,440 Speaker 1: if you exclude the people who aren't making any payments 95 00:05:28,120 --> 00:05:31,080 Speaker 1: and you focus just on those making payments on their loans, 96 00:05:31,640 --> 00:05:34,880 Speaker 1: the media income is eighty six thousand, five hundred dollars, 97 00:05:35,600 --> 00:05:38,920 Speaker 1: so that's starting to get up there, and only four 98 00:05:39,000 --> 00:05:46,160 Speaker 1: percent are in poverty. Overall, the top forty percent of 99 00:05:46,200 --> 00:05:51,800 Speaker 1: American households hold sixty percent of the student loans. How 100 00:05:51,839 --> 00:05:54,839 Speaker 1: many Americans have degrees, Well, thirty seven percent of Americans 101 00:05:54,880 --> 00:05:58,840 Speaker 1: have a bachelor's degree and fourteen percent of Americans have 102 00:05:58,880 --> 00:06:01,640 Speaker 1: a graduate or professional degree. That's courted the Census Bureau 103 00:06:02,640 --> 00:06:05,360 Speaker 1: and the unemployment rate for college graduates right now is 104 00:06:05,400 --> 00:06:10,679 Speaker 1: two point nine percent. Approximately eighty seven percent of American 105 00:06:10,720 --> 00:06:16,120 Speaker 1: adults do not have student loans, so it is benefiting 106 00:06:16,279 --> 00:06:21,840 Speaker 1: a relatively small, discreete class um. This could play very 107 00:06:21,960 --> 00:06:26,640 Speaker 1: badly for Joe Biden if the people who are paying 108 00:06:26,760 --> 00:06:29,200 Speaker 1: for it are pissed off. You know this is this 109 00:06:29,480 --> 00:06:34,440 Speaker 1: will cost every taxpayer on average two thousand, one hundred 110 00:06:34,440 --> 00:06:36,840 Speaker 1: dollars to give away this money. So, Senator, do you 111 00:06:36,920 --> 00:06:40,000 Speaker 1: remember a couple of years ago there was a voter 112 00:06:40,120 --> 00:06:43,719 Speaker 1: or constituent on the campaign trail he approached Liz Warren, 113 00:06:43,839 --> 00:06:48,120 Speaker 1: your colleague, when Senator Warren was pitching student loan forgiveness, 114 00:06:48,520 --> 00:07:00,640 Speaker 1: and he didn't like the idea I'm having. Yep, I 115 00:07:00,720 --> 00:07:03,799 Speaker 1: just want asking questions. My daughter's getting out of school. 116 00:07:03,880 --> 00:07:07,360 Speaker 1: I saved all my money. Just am I gonna get 117 00:07:07,360 --> 00:07:10,480 Speaker 1: my money back? So you're gonna pay for people who 118 00:07:11,360 --> 00:07:13,360 Speaker 1: didn't save the money, so that those of us that 119 00:07:13,440 --> 00:07:18,160 Speaker 1: did the right thing get screwed. My buddy hit Fun 120 00:07:18,280 --> 00:07:20,840 Speaker 1: bought a car, went on vacations. I saved my money. 121 00:07:21,480 --> 00:07:23,880 Speaker 1: He made more than idea, but I worked a double. 122 00:07:23,880 --> 00:07:26,480 Speaker 1: The ship worked extra, my dallars works. He his ten. 123 00:07:26,920 --> 00:07:30,160 Speaker 1: So you're laughing, Yeah, that's exactly what you're doing. We 124 00:07:30,280 --> 00:07:32,720 Speaker 1: did the right thing and we get screwed. I appreciate 125 00:07:32,800 --> 00:07:38,080 Speaker 1: I didn't look like that was playing very well in Peoria. 126 00:07:38,280 --> 00:07:41,440 Speaker 1: And so I do think folks like that guy questioning 127 00:07:41,480 --> 00:07:45,080 Speaker 1: Elizabeth Warren are going to be pissed off. I do think, Uh, 128 00:07:45,760 --> 00:07:49,840 Speaker 1: steel workers and truck drivers and plumbers have a reason 129 00:07:49,920 --> 00:07:52,880 Speaker 1: to be pissed off. All of this could bounce badly 130 00:07:53,520 --> 00:07:55,560 Speaker 1: for Democrats. Don't let me give you the flip argument. 131 00:07:57,120 --> 00:08:02,080 Speaker 1: It may be a political master stroke. Why is that that? 132 00:08:02,560 --> 00:08:06,520 Speaker 1: There's there's a school of thought and economics that's called 133 00:08:06,560 --> 00:08:11,400 Speaker 1: public choice theory, and public choice theory examines how decision 134 00:08:11,480 --> 00:08:15,480 Speaker 1: making is made in a democratic society. And essentially what 135 00:08:15,600 --> 00:08:19,360 Speaker 1: it focuses on is when you have a relatively small 136 00:08:19,440 --> 00:08:25,560 Speaker 1: group with a concentrated benefit and you have a large 137 00:08:25,640 --> 00:08:31,320 Speaker 1: group with a diffuse harm. The small group cares a 138 00:08:31,400 --> 00:08:35,760 Speaker 1: lot about it, and the large group typically doesn't. And 139 00:08:36,000 --> 00:08:38,880 Speaker 1: so look that there is a real risk if if 140 00:08:39,000 --> 00:08:44,079 Speaker 1: you are that that slacker barista who who wasted seven 141 00:08:44,200 --> 00:08:48,040 Speaker 1: years in college studying completely useless things now has loans 142 00:08:48,080 --> 00:08:51,120 Speaker 1: and can't get a job. Joe Biden just gave you 143 00:08:51,200 --> 00:08:54,880 Speaker 1: twenty grand, like holy cow, twenty grand that you know, 144 00:08:55,000 --> 00:08:57,080 Speaker 1: maybe you weren't going to vote in November and suddenly 145 00:08:57,160 --> 00:08:59,280 Speaker 1: you just got twenty grand. And you know, if you can, 146 00:08:59,400 --> 00:09:01,079 Speaker 1: you know, get off the bond for a minute and 147 00:09:01,520 --> 00:09:04,360 Speaker 1: head down to the voting station or just send in 148 00:09:04,440 --> 00:09:07,839 Speaker 1: your mail in ballot that the Democrats have helpfully sent you, 149 00:09:09,520 --> 00:09:15,880 Speaker 1: it could drive up turnout, particularly among young people and 150 00:09:16,080 --> 00:09:20,240 Speaker 1: the people who are getting screwed. It's not necessarily the 151 00:09:20,360 --> 00:09:23,680 Speaker 1: case that they understand they're getting screwed. It's a little 152 00:09:23,760 --> 00:09:28,559 Speaker 1: more diffuse of I'm paying taxes, but it's not like 153 00:09:28,800 --> 00:09:33,360 Speaker 1: you get a bill in October, Dear Michael, send in 154 00:09:33,440 --> 00:09:37,760 Speaker 1: your two thousand, one hundred dollars to pay for slacker 155 00:09:37,880 --> 00:09:41,440 Speaker 1: boys loans getting forgiven. When I think of the whatever 156 00:09:41,600 --> 00:09:45,400 Speaker 1: the estimated three hundred billion to six hundred billion dollars 157 00:09:45,480 --> 00:09:47,160 Speaker 1: that this could cost, we don't have a really firm 158 00:09:47,240 --> 00:09:50,079 Speaker 1: number yet, I think, yeah, that's a lot of money. 159 00:09:50,600 --> 00:09:54,360 Speaker 1: But in the perspective of all the other money that 160 00:09:54,440 --> 00:09:57,000 Speaker 1: the federal government spends, it's it's just not going to 161 00:09:57,080 --> 00:10:00,240 Speaker 1: make a huge difference. So that is one great fear, 162 00:10:00,440 --> 00:10:04,160 Speaker 1: and then the other fear long term as to whether 163 00:10:04,240 --> 00:10:07,520 Speaker 1: or not this is a Democrat political masterstroke is you've 164 00:10:07,600 --> 00:10:12,160 Speaker 1: now created a system of incentives whereby people will be 165 00:10:12,400 --> 00:10:15,000 Speaker 1: more likely to go to college, assuming that they're not 166 00:10:15,120 --> 00:10:16,959 Speaker 1: going to have to pay back their loans, assuming that 167 00:10:17,120 --> 00:10:19,040 Speaker 1: the big Daddy government is going to come in and 168 00:10:19,400 --> 00:10:21,480 Speaker 1: take care of them whenever a Democrat is in the 169 00:10:21,559 --> 00:10:23,920 Speaker 1: White House. And the thing we know about college these 170 00:10:24,040 --> 00:10:27,240 Speaker 1: days is it doesn't train you for jobs. It doesn't 171 00:10:27,360 --> 00:10:29,840 Speaker 1: give you a liberal education that seemed to go out 172 00:10:29,880 --> 00:10:32,800 Speaker 1: the window decades ago. All it really seems to do 173 00:10:33,520 --> 00:10:36,760 Speaker 1: is make people more likely to vote for Democrats. So 174 00:10:37,120 --> 00:10:39,920 Speaker 1: even forgetting even about the midterm elections or twenty twenty four, 175 00:10:40,080 --> 00:10:43,120 Speaker 1: in the long term, as a result of this education 176 00:10:43,200 --> 00:10:46,600 Speaker 1: bill that almost certainly will not result in any real 177 00:10:46,760 --> 00:10:50,160 Speaker 1: additional education for people, you could have Democrats grooming a 178 00:10:50,240 --> 00:10:52,520 Speaker 1: whole new generation of voters to be more likely to 179 00:10:52,559 --> 00:10:55,720 Speaker 1: support them. Well, I think that's possible. I think there's 180 00:10:55,760 --> 00:10:59,720 Speaker 1: another effect that this act is going to drive up inflation. 181 00:11:00,000 --> 00:11:04,360 Speaker 1: I think significantly. You know, it's amazing, between this and 182 00:11:04,520 --> 00:11:06,959 Speaker 1: the build back Broke bill they just jammed through, the 183 00:11:07,040 --> 00:11:09,880 Speaker 1: Democrats have just spent another trillion dollars. Inflation is the 184 00:11:10,000 --> 00:11:13,200 Speaker 1: number one issue in the country, and they're just pouring 185 00:11:13,360 --> 00:11:18,800 Speaker 1: gasoline on it. You know, we just saw today the 186 00:11:18,920 --> 00:11:22,319 Speaker 1: Wall Street Journal reported that that home mortgage rates have 187 00:11:22,920 --> 00:11:25,280 Speaker 1: jumped up even more to five and a half percent. 188 00:11:26,480 --> 00:11:29,640 Speaker 1: You know, look, that's real economic pain for a first 189 00:11:29,679 --> 00:11:31,920 Speaker 1: time home buyer for for that matter, or anyone trying 190 00:11:31,920 --> 00:11:37,360 Speaker 1: to buy a home. One of the effects of the 191 00:11:37,440 --> 00:11:41,600 Speaker 1: inflation most concentrated is going to be on college tuition. 192 00:11:42,559 --> 00:11:45,480 Speaker 1: You know, everyone this does nothing about the crisis. I 193 00:11:45,480 --> 00:11:50,120 Speaker 1: actually agree there's a student loan problem because universities are 194 00:11:50,280 --> 00:11:52,920 Speaker 1: engaged in hyper inflation. You know, they've got you know, 195 00:11:53,040 --> 00:11:57,800 Speaker 1: you're and my alma maters have endowments, you know, thirty 196 00:11:57,920 --> 00:12:01,920 Speaker 1: forty fifty billion dollars, and yet they're bilking students out 197 00:12:02,000 --> 00:12:05,160 Speaker 1: of massive amounts. They keep jacking up the prices year 198 00:12:05,200 --> 00:12:07,920 Speaker 1: after year after year. And they've got tenured faculty who 199 00:12:08,000 --> 00:12:15,200 Speaker 1: teach one class. They've got you know, fifty diversity administrators 200 00:12:15,280 --> 00:12:18,680 Speaker 1: who all make six figure checks. This is the very 201 00:12:18,840 --> 00:12:25,439 Speaker 1: worst of leftist politics, which is they take care of 202 00:12:25,600 --> 00:12:28,160 Speaker 1: their friends and they give them money. You look at 203 00:12:28,200 --> 00:12:30,280 Speaker 1: this build back Broke bill where they paid off all 204 00:12:30,360 --> 00:12:34,400 Speaker 1: these left wing environmentalist groups who are just making billions 205 00:12:34,480 --> 00:12:36,600 Speaker 1: of dollars, and all the Washington lobbyists that are making 206 00:12:36,640 --> 00:12:39,199 Speaker 1: billions of dollars, they take care of their friends and 207 00:12:39,320 --> 00:12:43,520 Speaker 1: they screw their enemies. I mean, for the left, it 208 00:12:43,720 --> 00:12:48,719 Speaker 1: is a zero sum game of reward and retribution, and 209 00:12:48,920 --> 00:12:52,880 Speaker 1: it creates a vicious cycle where all the people they're 210 00:12:52,920 --> 00:12:57,240 Speaker 1: paying off are then going to keep trying to keep 211 00:12:57,320 --> 00:12:59,280 Speaker 1: the people paying them off in power. I'm reminded of 212 00:12:59,360 --> 00:13:04,920 Speaker 1: one of my favorite Simpsons episodes where where Grandpa Simpsons 213 00:13:04,960 --> 00:13:08,480 Speaker 1: has been getting checks for I think it was having 214 00:13:08,640 --> 00:13:11,319 Speaker 1: like itch an Itchy and scratchy cartoon or something, and 215 00:13:11,400 --> 00:13:13,839 Speaker 1: he hadn't done it. It was a mistake, and and 216 00:13:14,040 --> 00:13:17,280 Speaker 1: and Lisa says, well, Grandpa didn't. Didn't you think it 217 00:13:17,400 --> 00:13:20,320 Speaker 1: was strange that you were getting checks in the mail 218 00:13:20,440 --> 00:13:23,800 Speaker 1: for not having done anything? And he says no, Lisa, 219 00:13:23,840 --> 00:13:29,120 Speaker 1: I just figured the Democrats were back in power. Well, 220 00:13:29,679 --> 00:13:33,760 Speaker 1: speaking of the friends of the Democrats, and actually speaking 221 00:13:33,880 --> 00:13:36,480 Speaker 1: of your ability, you know, to send your kids to 222 00:13:36,559 --> 00:13:39,199 Speaker 1: school and to make any money at all, Senator, I 223 00:13:39,240 --> 00:13:41,559 Speaker 1: don't know if you saw this headline, but someone is 224 00:13:41,600 --> 00:13:45,120 Speaker 1: coming for your job. You have got a major figure. 225 00:13:45,200 --> 00:13:48,719 Speaker 1: At least according to CNN and MSNBC, coming after you, 226 00:13:49,480 --> 00:13:53,800 Speaker 1: the future former congress Lady Liz Cheney is launching a 227 00:13:53,880 --> 00:13:57,600 Speaker 1: political action committee. She's targeting not Democrats, of course, she's 228 00:13:57,679 --> 00:14:03,960 Speaker 1: targeting Republicans. And you or at the top of the list. Well, 229 00:14:04,280 --> 00:14:06,679 Speaker 1: you know, you can tell a lot about a person 230 00:14:06,800 --> 00:14:08,640 Speaker 1: by their friends, and you can tell even more by 231 00:14:08,679 --> 00:14:12,800 Speaker 1: their enemies. Listen, I gotta say, Liz Cheney, I've known 232 00:14:12,920 --> 00:14:15,319 Speaker 1: Liz a long time. I've known her twenty plus years. 233 00:14:16,800 --> 00:14:21,480 Speaker 1: Yet there are some people who Donald Trump just broke that. 234 00:14:21,640 --> 00:14:27,560 Speaker 1: They just they hate Trump so much that their mind 235 00:14:27,680 --> 00:14:31,280 Speaker 1: went on Fritz. And I gotta say, Liz is unrecognizable. 236 00:14:31,400 --> 00:14:34,360 Speaker 1: She has become a left wing Democrat now and like 237 00:14:34,520 --> 00:14:36,640 Speaker 1: ten years ago, the idea that Liz Cheney was a 238 00:14:36,720 --> 00:14:39,280 Speaker 1: left wing Democrat would have been ludicrous. Obviously, her dad 239 00:14:39,400 --> 00:14:43,720 Speaker 1: was Dick Cheney. He was a conservative Republican. She was. Look, 240 00:14:43,800 --> 00:14:47,840 Speaker 1: they're both too neo Connie for me. They're both too 241 00:14:47,960 --> 00:14:51,360 Speaker 1: eager to get us involved in foreign wars. But that 242 00:14:51,600 --> 00:14:57,240 Speaker 1: being said, on taxes, on social issues, on most issues, 243 00:14:57,400 --> 00:15:02,360 Speaker 1: Liz Cheney was a down the road conservative Republican. And 244 00:15:02,520 --> 00:15:04,400 Speaker 1: by the way, that's where Wyoming is, and and and 245 00:15:04,800 --> 00:15:09,160 Speaker 1: then Trump came into power and her mind just shattered, 246 00:15:09,360 --> 00:15:12,440 Speaker 1: and and and she what's amazing is that she's become 247 00:15:13,160 --> 00:15:15,800 Speaker 1: It's not even just that she says, Okay, I don't 248 00:15:15,840 --> 00:15:18,520 Speaker 1: like Donald Trump, like I don't like his what he says, 249 00:15:18,560 --> 00:15:21,040 Speaker 1: I don't like how he acts. That's I understand someone 250 00:15:21,080 --> 00:15:22,760 Speaker 1: who says that I don't like everything he says and 251 00:15:22,840 --> 00:15:24,920 Speaker 1: does I like the policies we had acted together. I 252 00:15:25,000 --> 00:15:27,760 Speaker 1: work closely with him on that. But she doesn't limit 253 00:15:27,800 --> 00:15:30,200 Speaker 1: it to that. It's it's like Bill Crystal as someone else, 254 00:15:30,400 --> 00:15:35,720 Speaker 1: like Liz Cheney who has just become a liberal Democrat 255 00:15:35,760 --> 00:15:40,600 Speaker 1: who what they say, you know, Cheney's uh circus act 256 00:15:40,720 --> 00:15:44,960 Speaker 1: on on the January sixth Commission is indistinguishable from what 257 00:15:45,080 --> 00:15:48,280 Speaker 1: Nancy Pelosi would say. It's indistinguishable from what Chuck Schumer 258 00:15:48,320 --> 00:15:51,760 Speaker 1: would say. And so we just had the primary and 259 00:15:53,200 --> 00:15:57,320 Speaker 1: in in Wyoming, and you know, she had won by 260 00:15:57,760 --> 00:16:00,080 Speaker 1: I don't know, seventy eighty percent last time around in 261 00:16:00,120 --> 00:16:03,520 Speaker 1: the primary. This time she didn't just lose. She lost 262 00:16:04,080 --> 00:16:07,000 Speaker 1: by almost forty points. Thirty nine points is what she 263 00:16:07,160 --> 00:16:11,720 Speaker 1: lost by. And the reason is simple. She doesn't represent 264 00:16:11,840 --> 00:16:14,880 Speaker 1: the people of Wyoming anymore. The people of Wyoming are conservative, 265 00:16:15,400 --> 00:16:19,560 Speaker 1: and she's decided she is a Washington, DC left wing 266 00:16:19,680 --> 00:16:23,120 Speaker 1: Democrat now. And so it's completely unsurprising, you know, right 267 00:16:23,200 --> 00:16:28,880 Speaker 1: after she gets just trounced by the voters, there's no remorse, 268 00:16:28,960 --> 00:16:34,280 Speaker 1: there's no contrition, there's no gush. You know, for some reason, 269 00:16:34,320 --> 00:16:37,120 Speaker 1: the people of Wyoming don't think I'm representing them anymore. 270 00:16:37,120 --> 00:16:40,280 Speaker 1: There's none of that. It is. Instead, she says it's 271 00:16:40,320 --> 00:16:44,080 Speaker 1: her mission to do what defeat conservative Republicans. And I 272 00:16:44,120 --> 00:16:45,920 Speaker 1: guess it's a badge of honor that I'm the number 273 00:16:45,960 --> 00:16:48,440 Speaker 1: one person on her list. That she's going to take 274 00:16:48,560 --> 00:16:50,520 Speaker 1: the PAC money she raised, and I think she's gotten 275 00:16:50,520 --> 00:16:55,160 Speaker 1: like seven eight million dollars that came from lefty Democrats 276 00:16:55,240 --> 00:16:58,560 Speaker 1: all over the place, and she's going to use that 277 00:16:58,760 --> 00:17:02,400 Speaker 1: now to attack Republican And listen, there are two things 278 00:17:02,480 --> 00:17:06,200 Speaker 1: Liz Cheney is doing. Number One, she's got a fundraising 279 00:17:06,240 --> 00:17:09,840 Speaker 1: grift where she will raise money like the Lincoln Project. 280 00:17:09,880 --> 00:17:12,600 Speaker 1: Lincoln Project is a great example where it's a fundraising 281 00:17:12,680 --> 00:17:15,800 Speaker 1: grift of people who used to be kind of sort 282 00:17:15,800 --> 00:17:19,080 Speaker 1: of Republicans who now make millions of dollars when they're 283 00:17:19,160 --> 00:17:23,440 Speaker 1: not engaged in other illicit activities. Now make millions of 284 00:17:23,520 --> 00:17:27,960 Speaker 1: dollars raising money from lefties to attack Republicans. And they're, 285 00:17:28,040 --> 00:17:33,960 Speaker 1: to use that phrase useful idiots because their attacks arguably 286 00:17:34,080 --> 00:17:36,320 Speaker 1: have some saliots, because they can say I was once 287 00:17:36,359 --> 00:17:38,520 Speaker 1: a Republican, now I can be a left wing Democrat 288 00:17:38,600 --> 00:17:41,720 Speaker 1: attack them. So she'll engage in a fundraising grift for 289 00:17:41,840 --> 00:17:45,520 Speaker 1: a while. My guess is she probably runs for president, 290 00:17:46,280 --> 00:17:52,320 Speaker 1: she gets crushed, and then she will happily retire to 291 00:17:52,560 --> 00:17:55,800 Speaker 1: being a commentator at either MSNBC or CNN. I don't 292 00:17:55,800 --> 00:17:59,320 Speaker 1: know which one it'll be, or maybe Mother Jones. I mean, 293 00:17:59,400 --> 00:18:02,800 Speaker 1: I mean, I think those are choices. Now, Senator, speaking 294 00:18:02,880 --> 00:18:07,639 Speaker 1: of large amounts of money and empowering bad forces, the 295 00:18:07,720 --> 00:18:10,520 Speaker 1: Iran nuclear deal seems to be back on the table. 296 00:18:10,720 --> 00:18:13,720 Speaker 1: The Obama administration crafted this deal and sent palettes of 297 00:18:13,800 --> 00:18:18,040 Speaker 1: cash to Iran and paid obeisance to Iran after they 298 00:18:18,119 --> 00:18:20,159 Speaker 1: captured our sailors and set them on the path to 299 00:18:20,240 --> 00:18:22,680 Speaker 1: getting a nuclear weapon, all of which was very, very bad. 300 00:18:22,960 --> 00:18:26,879 Speaker 1: And then Obama leaves, Trump comes in, and the Republicans 301 00:18:26,920 --> 00:18:30,879 Speaker 1: and Trump tear up the Iran nuclear deal. Now Biden 302 00:18:30,960 --> 00:18:34,000 Speaker 1: seems to be reviving it, although the details are a 303 00:18:34,040 --> 00:18:37,000 Speaker 1: little bit unclear. I know you've been very, very involved 304 00:18:37,040 --> 00:18:39,800 Speaker 1: in this issue. What do we need to know? Look, 305 00:18:39,920 --> 00:18:42,440 Speaker 1: Biden is desperate to an announce that an Iran deal, 306 00:18:42,520 --> 00:18:45,200 Speaker 1: and he doesn't care what the substances he is willing 307 00:18:45,280 --> 00:18:49,399 Speaker 1: to give the Ayatola. I think literally anything the Ayatola wants. 308 00:18:50,640 --> 00:18:54,520 Speaker 1: It is a political mission for Biden in the White 309 00:18:54,560 --> 00:19:00,320 Speaker 1: House and to say it is indefensible. You know, it 310 00:19:00,400 --> 00:19:02,720 Speaker 1: was a year ago that Biden surrendered to the Taliban 311 00:19:02,800 --> 00:19:06,800 Speaker 1: and Afghanistan. Biden is right now trying to give Iran 312 00:19:06,960 --> 00:19:10,280 Speaker 1: and the Iatola nuclear weapons. That that is the effect 313 00:19:10,320 --> 00:19:13,440 Speaker 1: of the deal that they're negotiating is to make it 314 00:19:13,520 --> 00:19:16,320 Speaker 1: inevitable that Iran has nuclear weapons. And let's be clear, 315 00:19:17,480 --> 00:19:23,440 Speaker 1: the Iatola leads chance of death to America and death 316 00:19:23,520 --> 00:19:27,680 Speaker 1: to Israel with thousands of people. In fact, every year 317 00:19:27,920 --> 00:19:31,080 Speaker 1: they celebrate in Iran what they call Death to America Day, 318 00:19:31,480 --> 00:19:38,240 Speaker 1: and that is it is the anniversary of the Islamic 319 00:19:38,359 --> 00:19:43,960 Speaker 1: Revolutionary Guard taking American hostages in nineteen seventy nine in Iran, 320 00:19:44,080 --> 00:19:47,320 Speaker 1: and that is in effect a national holiday where they 321 00:19:47,400 --> 00:19:52,800 Speaker 1: celebrated in Iran every day. Right now, today, the current 322 00:19:52,880 --> 00:19:59,200 Speaker 1: Iatola Commune is actively trying to murder the former Secretary 323 00:19:59,280 --> 00:20:02,560 Speaker 1: State of the United States Mike Pompeo, the former National 324 00:20:02,640 --> 00:20:06,800 Speaker 1: Security Advisor in the White House, John Bolden, and another 325 00:20:07,520 --> 00:20:11,080 Speaker 1: State Department official, Brian Hook. All three of them have 326 00:20:11,760 --> 00:20:16,399 Speaker 1: hit squads being paid for by the Iranian government actively 327 00:20:16,520 --> 00:20:19,920 Speaker 1: trying to murder them. And you may recall a couple 328 00:20:19,960 --> 00:20:22,120 Speaker 1: of months ago, Tony blink In the Secretary of State 329 00:20:22,240 --> 00:20:24,960 Speaker 1: was testifying in the Senate Form Relations Committee, and I 330 00:20:25,080 --> 00:20:28,720 Speaker 1: asked him in the hearing, I said, is it true 331 00:20:29,840 --> 00:20:34,440 Speaker 1: that the State Department is right now paying two million 332 00:20:34,600 --> 00:20:40,440 Speaker 1: dollars a month for security for Pompeo and Hook to 333 00:20:40,520 --> 00:20:43,080 Speaker 1: protect them from Iranians trying to murder them? He said, yeah, 334 00:20:43,119 --> 00:20:46,439 Speaker 1: that's true. And I said, is it true that as 335 00:20:46,480 --> 00:20:50,560 Speaker 1: you were sitting down in Vienna negotiating with the Iranians, 336 00:20:51,760 --> 00:20:55,880 Speaker 1: that the Biden State Department asked the Iranians, hey, would 337 00:20:55,920 --> 00:21:00,760 Speaker 1: you guys stop actively trying to murder former senior US 338 00:21:00,840 --> 00:21:06,000 Speaker 1: government officials, and that they said no, no, we will 339 00:21:06,119 --> 00:21:09,920 Speaker 1: not stop trying to murder them. And you still sat 340 00:21:09,960 --> 00:21:13,200 Speaker 1: there and said, Okay, well, let's keep negotiating and and 341 00:21:13,480 --> 00:21:18,399 Speaker 1: Blincoln back pedaled and he obfuscated. He didn't want to 342 00:21:18,400 --> 00:21:21,359 Speaker 1: answer that question because the answer is yes, and about 343 00:21:21,359 --> 00:21:23,360 Speaker 1: the only thing I got candor from Lincoln on as 344 00:21:23,359 --> 00:21:26,560 Speaker 1: I said. My next question was, I said, mister secretary, 345 00:21:28,080 --> 00:21:32,440 Speaker 1: would you agree that trying to murder the US Secretary 346 00:21:32,480 --> 00:21:36,040 Speaker 1: of State is a pretty bit big damn deal At 347 00:21:36,400 --> 00:21:39,359 Speaker 1: Blncoln was forced to laugh and say, yeah, okay, that 348 00:21:39,600 --> 00:21:42,520 Speaker 1: that is a big deal. But who I'm stopped Biden, 349 00:21:45,680 --> 00:21:53,560 Speaker 1: it is ludicrous. Here's some good news. The chances that 350 00:21:53,720 --> 00:21:56,200 Speaker 1: the next Republican president, which I think will be in 351 00:21:56,280 --> 00:22:01,680 Speaker 1: twenty twenty five, will rip up whatever ridiculous deal these 352 00:22:01,760 --> 00:22:04,560 Speaker 1: guys negotiate. I think they're very close to one hundred percent. 353 00:22:05,040 --> 00:22:08,160 Speaker 1: And that's something I'm trying to make very very clear. 354 00:22:08,240 --> 00:22:10,520 Speaker 1: I'm trying to lay the basis for it, lay the 355 00:22:10,600 --> 00:22:14,199 Speaker 1: factual credit it for it. The aetola. The biggest thing 356 00:22:14,240 --> 00:22:16,879 Speaker 1: the aetola wants an agreement is some sort of promise 357 00:22:16,960 --> 00:22:19,840 Speaker 1: that will bind the next president. Because Trump the most 358 00:22:19,920 --> 00:22:23,320 Speaker 1: important national security decision he made was to tear up 359 00:22:23,359 --> 00:22:27,159 Speaker 1: the older Rand deal. The next Republican president, whoever it is, 360 00:22:27,240 --> 00:22:31,119 Speaker 1: I think there's widespread agreement whoever the next Republican president is, 361 00:22:31,600 --> 00:22:35,800 Speaker 1: will tear up whatever disastrous deal this is. That's a 362 00:22:35,960 --> 00:22:39,480 Speaker 1: very good thing. And you know, look, one of the 363 00:22:39,600 --> 00:22:42,960 Speaker 1: things that the Biden team is desperately trying to find 364 00:22:43,119 --> 00:22:46,680 Speaker 1: is some way to tie the hands of the next president. 365 00:22:46,720 --> 00:22:49,680 Speaker 1: I don't think they'll succeed, but they're trying to write 366 00:22:49,760 --> 00:22:53,680 Speaker 1: into the agreement clauses that, you know, hand over a 367 00:22:53,760 --> 00:22:56,399 Speaker 1: massive amount of money if the next administration pulls over. 368 00:22:56,480 --> 00:22:59,920 Speaker 1: They're trying to put poison pills in there to prevent 369 00:23:00,200 --> 00:23:03,960 Speaker 1: the next administration from pulling out. We'll see what they 370 00:23:04,040 --> 00:23:07,080 Speaker 1: come up with. But I think regardless, the next president 371 00:23:07,200 --> 00:23:10,399 Speaker 1: is pulling out of this disastrous deal because allowing the 372 00:23:10,480 --> 00:23:15,680 Speaker 1: Aetola to have a nuclear weapon is an unacceptably high 373 00:23:15,800 --> 00:23:18,639 Speaker 1: risk that that weapon would be used to murder millions 374 00:23:18,680 --> 00:23:22,880 Speaker 1: of Americans. Now, the Biden administration is clearly working overtime 375 00:23:23,000 --> 00:23:27,360 Speaker 1: in this regard, but gen Z is not working overtime. 376 00:23:27,400 --> 00:23:29,639 Speaker 1: And I know that we are going overtime, but I 377 00:23:29,760 --> 00:23:32,680 Speaker 1: have to get your opinion on this. This is completely 378 00:23:33,119 --> 00:23:36,120 Speaker 1: outside of the Iran deal or even the Education Bill. 379 00:23:36,240 --> 00:23:38,600 Speaker 1: Is just a cultural matter. But it really shocked me 380 00:23:38,640 --> 00:23:40,520 Speaker 1: as reading the Wall Street Journal that there is a 381 00:23:40,640 --> 00:23:44,399 Speaker 1: trend that has taken over TikTok and all sorts of 382 00:23:44,840 --> 00:23:47,639 Speaker 1: commentary among the zoomers, among Gen z, you know, the 383 00:23:47,760 --> 00:23:51,760 Speaker 1: people younger than millennials, which is the trend of quiet quitting. 384 00:23:52,240 --> 00:23:55,560 Speaker 1: And quiet quitting is when you keep your job. You're 385 00:23:55,640 --> 00:23:58,320 Speaker 1: not You don't quit, you don't resign, you don't even 386 00:23:58,359 --> 00:24:02,439 Speaker 1: get fired. You just do the bare minimum. You clock 387 00:24:02,600 --> 00:24:05,560 Speaker 1: in at nine o'clock on the dot, you clock out 388 00:24:05,600 --> 00:24:07,280 Speaker 1: at five o'clock on the dot. You don't pick up 389 00:24:07,280 --> 00:24:09,720 Speaker 1: your phone, you don't work weekends, you don't do anything. 390 00:24:10,080 --> 00:24:14,200 Speaker 1: And it was so bizarre to read this because I 391 00:24:14,440 --> 00:24:16,920 Speaker 1: was always raised that you just work hard and you 392 00:24:17,040 --> 00:24:19,000 Speaker 1: never stop working hard. And all the guys at the 393 00:24:19,040 --> 00:24:21,240 Speaker 1: top are working really hard. I know you work about 394 00:24:21,240 --> 00:24:23,359 Speaker 1: twenty seven hours a day. I've seen it up close 395 00:24:23,640 --> 00:24:27,000 Speaker 1: in cities all around the country. How do you explain 396 00:24:27,080 --> 00:24:30,520 Speaker 1: this trend and do the zoomers have any sort of 397 00:24:30,640 --> 00:24:34,280 Speaker 1: point when they're looking for work life balance. Well, Michael, 398 00:24:34,280 --> 00:24:37,639 Speaker 1: I gotta say, I think you're being agist, and it 399 00:24:37,760 --> 00:24:40,040 Speaker 1: may just be that you've gotten too old and you're 400 00:24:40,080 --> 00:24:44,080 Speaker 1: too far removed from the youngsters and you need someone 401 00:24:44,200 --> 00:24:51,080 Speaker 1: like me. Who's who's more in touch with the utes. Listen, 402 00:24:52,119 --> 00:24:56,000 Speaker 1: we have a prominent example of someone doing this, Joseph 403 00:24:56,080 --> 00:24:59,520 Speaker 1: Robinette Biden Julian The guys had a job for a 404 00:24:59,600 --> 00:25:04,240 Speaker 1: year to and he hasn't left his basement. You know 405 00:25:04,440 --> 00:25:12,960 Speaker 1: it it um Look. I do think the pandemic had 406 00:25:13,000 --> 00:25:16,240 Speaker 1: all sorts of harms, but it was particularly harmful to 407 00:25:16,359 --> 00:25:21,080 Speaker 1: gen z. It was particularly harmful to people starting their careers. 408 00:25:22,560 --> 00:25:24,639 Speaker 1: It's very harmful to kids too. I mean kids who 409 00:25:24,680 --> 00:25:27,320 Speaker 1: had school shuts down, shut down. That was incredibly harmful. 410 00:25:27,400 --> 00:25:31,359 Speaker 1: But you know, you have a lot of people in 411 00:25:31,440 --> 00:25:33,639 Speaker 1: their early twenties who have their first job and their 412 00:25:33,680 --> 00:25:36,719 Speaker 1: first job was during the pandemic where they worked from 413 00:25:36,760 --> 00:25:39,199 Speaker 1: home and they just zoom from home. And I get 414 00:25:39,280 --> 00:25:40,960 Speaker 1: to say now, and I talked to a lot lots 415 00:25:40,960 --> 00:25:44,720 Speaker 1: of people in the workplace who say that that. You know, 416 00:25:44,840 --> 00:25:46,719 Speaker 1: twenty somethings say hey, I'm just going to work from 417 00:25:46,760 --> 00:25:50,800 Speaker 1: home this week, and they think that it's it's just 418 00:25:51,000 --> 00:25:53,840 Speaker 1: the way it's done, that you just zoom in. And 419 00:25:56,320 --> 00:25:58,600 Speaker 1: there are lots of problems with that, one of which 420 00:25:58,760 --> 00:26:01,000 Speaker 1: is that that often people who are working from home 421 00:26:01,160 --> 00:26:05,400 Speaker 1: don't work like they claim. I'm working, and magically they're 422 00:26:05,440 --> 00:26:09,440 Speaker 1: doing everything from you know, playing golf to sleeping to 423 00:26:10,640 --> 00:26:13,960 Speaker 1: you know, running on the beach, but none of which 424 00:26:14,000 --> 00:26:19,800 Speaker 1: are actually the job presumably you're paid to do. But 425 00:26:19,920 --> 00:26:22,440 Speaker 1: it also really hurts young people not to be in 426 00:26:22,520 --> 00:26:26,200 Speaker 1: the office. And I look at you know, I mean, 427 00:26:26,240 --> 00:26:30,040 Speaker 1: I think back to when I was in my twenties 428 00:26:30,080 --> 00:26:35,000 Speaker 1: and just starting working, the experience of being there, of 429 00:26:35,640 --> 00:26:39,280 Speaker 1: being in the office, culture, of seeing people who are 430 00:26:39,359 --> 00:26:43,800 Speaker 1: more experienced, of learning from them. You know, look, I 431 00:26:44,119 --> 00:26:48,040 Speaker 1: worked obviously as a lawyer. It is still very much 432 00:26:48,160 --> 00:26:49,639 Speaker 1: the case that the way you learn how to be 433 00:26:49,680 --> 00:26:51,040 Speaker 1: a lawyer, you don't learn how to be a lawyer 434 00:26:51,040 --> 00:26:55,040 Speaker 1: in law school. You learn to be a lawyer much 435 00:26:55,160 --> 00:26:57,400 Speaker 1: like they did in the days of Abraham Lincoln, which 436 00:26:57,520 --> 00:27:00,440 Speaker 1: could you carry someone's briefcase. You just watch someone, you 437 00:27:00,560 --> 00:27:04,520 Speaker 1: apprentice under someone who is doing it, and you learn 438 00:27:04,640 --> 00:27:07,760 Speaker 1: by osmosis. You learn by just observing and being there 439 00:27:07,800 --> 00:27:10,280 Speaker 1: and seeing the day to day rhythm and how you 440 00:27:10,440 --> 00:27:15,400 Speaker 1: do it. And I do think young people in particular 441 00:27:15,440 --> 00:27:17,080 Speaker 1: who think I don't ever need to go into the 442 00:27:17,200 --> 00:27:26,080 Speaker 1: office to work are robbing themselves of really critical education 443 00:27:26,240 --> 00:27:32,080 Speaker 1: and on the job training and that at the end 444 00:27:32,119 --> 00:27:34,160 Speaker 1: of the day, it's not healthy for society, but it's 445 00:27:34,160 --> 00:27:39,720 Speaker 1: not healthy for them either. Like working hard and you know, listen, 446 00:27:39,800 --> 00:27:44,600 Speaker 1: I had years after years after years of you know, 447 00:27:44,840 --> 00:27:53,680 Speaker 1: working sixteen, eighteen, twenty hours a day, and that that discipline. 448 00:27:53,760 --> 00:27:56,919 Speaker 1: If if you want to do things that are important 449 00:27:56,960 --> 00:28:01,240 Speaker 1: and significant, it takes that time and commitment and energy. 450 00:28:01,280 --> 00:28:05,840 Speaker 1: And so I do worry that all of the lessons 451 00:28:05,960 --> 00:28:11,840 Speaker 1: society is teaching the younger generations are lessons that are 452 00:28:11,880 --> 00:28:14,679 Speaker 1: going to be really harmful for them in the long term. Well, 453 00:28:14,680 --> 00:28:16,679 Speaker 1: I'm glad that I could. I could get that insight 454 00:28:16,880 --> 00:28:19,359 Speaker 1: from someone who is young and hip to what the 455 00:28:19,440 --> 00:28:22,400 Speaker 1: youths are talking about, and I can take that back 456 00:28:22,480 --> 00:28:24,560 Speaker 1: and stew in that. Before we go, I have to 457 00:28:24,640 --> 00:28:29,960 Speaker 1: remind you to subscribe if you're on Apple, Podcast, Spotify, Stitcher, wherever, 458 00:28:30,320 --> 00:28:33,720 Speaker 1: go subscribe YouTube, make sure you join locals and the 459 00:28:33,840 --> 00:28:36,280 Speaker 1: Verdict plus community because there will be a whole other 460 00:28:36,320 --> 00:28:38,520 Speaker 1: episode of The Cloak Room coming up with our friend 461 00:28:38,600 --> 00:28:40,959 Speaker 1: Liz Wheeler. Liz, what are you going to talk about? Hi, 462 00:28:41,080 --> 00:28:44,640 Speaker 1: Michael High, Senator. Yes, So it's very obvious that Biden's 463 00:28:44,760 --> 00:28:48,320 Speaker 1: student loan debt cancelation executive order is unfair to people 464 00:28:48,440 --> 00:28:51,200 Speaker 1: who have paid their debts off. It's also very expensive. 465 00:28:51,240 --> 00:28:53,640 Speaker 1: It's going to cost the American taxpayer billions of dollars. 466 00:28:53,880 --> 00:28:57,040 Speaker 1: It's redistribution of wealth, but opposite from what the Democrats 467 00:28:57,160 --> 00:28:59,080 Speaker 1: usually advocate for. This is actually taken from the poor 468 00:28:59,200 --> 00:29:01,680 Speaker 1: to give to the rich. It's also inflationary. It's going 469 00:29:01,760 --> 00:29:04,080 Speaker 1: to increase or worse in inflation. But here's here's a 470 00:29:04,120 --> 00:29:07,800 Speaker 1: million dollar question. Is Joe Biden canceling student loan debt 471 00:29:07,920 --> 00:29:12,000 Speaker 1: via this executive order even legal? That's what we're going 472 00:29:12,040 --> 00:29:14,120 Speaker 1: to explore it today on the Cloakroom. Join us at 473 00:29:14,200 --> 00:29:17,120 Speaker 1: Verdict with Ted Cruise dot com slash plus. If you 474 00:29:17,240 --> 00:29:20,440 Speaker 1: use my promo code Cloakroom, you can watch for free 475 00:29:20,640 --> 00:29:23,320 Speaker 1: for the first month of your annual subscription. That's Verdict 476 00:29:23,360 --> 00:29:27,640 Speaker 1: with Ted Cruise dot com slash Plus. Sounds fabulous, by 477 00:29:27,680 --> 00:29:31,160 Speaker 1: the way, speaking of speaking of speaking, we want to 478 00:29:31,240 --> 00:29:35,440 Speaker 1: see all of you in person. Verdict is going back 479 00:29:35,600 --> 00:29:38,479 Speaker 1: on the road. You can apply to have your school 480 00:29:38,560 --> 00:29:41,640 Speaker 1: be one of the Verdict stops at yaf dot org 481 00:29:41,880 --> 00:29:44,800 Speaker 1: slash Verdict. That deadline is coming up, so make sure 482 00:29:44,840 --> 00:29:48,520 Speaker 1: you submit your school today. Hyaf dot org slash Verdict, 483 00:29:48,720 --> 00:29:50,440 Speaker 1: and I very much hope that I will see all 484 00:29:50,520 --> 00:29:53,320 Speaker 1: of you in person soon. In the meantime, I'm Michael Knowles. 485 00:29:53,560 --> 00:30:05,040 Speaker 1: This is Verdict with Ted Cruise. This episode of Verdict 486 00:30:05,120 --> 00:30:07,640 Speaker 1: with Ted Cruz is being brought to you by Jobs, 487 00:30:07,720 --> 00:30:11,400 Speaker 1: Freedom and Security Pack, a political action committee dedicated to 488 00:30:11,480 --> 00:30:16,160 Speaker 1: supporting conservative causes, organizations, and candidates across the country. In 489 00:30:16,240 --> 00:30:19,560 Speaker 1: twenty twenty two, Jobs Freedom and Security Pack plans to 490 00:30:19,680 --> 00:30:22,920 Speaker 1: donate to conservative candidates running for Congress and help the 491 00:30:23,000 --> 00:30:25,120 Speaker 1: Republican Party across the nation.