Speaker 1: People think that the President of the United States has
Speaker 1: the power for debt forgiveness. He does not. He can postpone,
Speaker 1: he can delay, but he does not have that power.
Speaker 1: That has to be an act of Congress. The president
Speaker 1: can't do it, So that's not even a discussion. Not
Speaker 1: everybody realizes that. But the president can only postpone, delay,
Speaker 1: but not forgive. That is a quote from Democrat House
Speaker 1: Speaker Nancy Pelosi twenty seven days before Joe Biden unilaterally
Speaker 1: forgave student debt. This is Verdict with Ted Cruz. This
Speaker 1: episode of Verdict with Ted Cruz is sponsored by American
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Speaker 1: be glad you did. Welcome back to Verdict with Ted Cruz.
Speaker 1: I am Michael Knowles, joined as ever by Senator Cruz.
Speaker 1: We're so happy to be with all of you, and
Speaker 1: condolences to all of the poor schmucks out there who
Speaker 1: actually paid off your student debts or your kids student debts.
Speaker 1: You really blew it, folks. You could have gotten a
Speaker 1: freebe but you did the right thing, and now too
Speaker 1: bad for you. It's fairly stunning. You know. I'm reminded
Speaker 1: of mel Brooks when he observed it's good to be
Speaker 1: the king. What Joe Biden is doing is completely lawless.
Speaker 1: So Senator I not only take your word for it
Speaker 1: that this is not legal, I so take Nancy Pelosi's
Speaker 1: word for it. Never thought I would say that's statement.
Speaker 1: But when's the last time Nancy and I agreed this
Speaker 1: might be the one and only time Joe Biden bringing
Speaker 1: the country together. I think the argument they tried to
Speaker 1: make was that this in some way related to the
Speaker 1: Heroes Act after September eleventh, and they're all these kind
Speaker 1: of bizarro expost facto explanations of how Biden did this.
Speaker 1: But I take both of your word for it that
Speaker 1: it's not really legal, and yet obviously he is doing
Speaker 1: it so well. He might not have the right to
Speaker 1: do it, he apparently has the power to do it.
Speaker 1: My question then, is less about the law and more
Speaker 1: about the politics of this Biden. I guess he just
Speaker 1: thinks he's buying votes and the way that machine politics
Speaker 1: has often bought votes. Is this going to work in November. Well,
Speaker 1: let's thank those one at a time. On the law question,
Speaker 1: I think it is clear that he does not have
Speaker 1: the legal authority to do this, and this week's cloak
Speaker 1: Room on Verdict Plus is entirely about that we do
Speaker 1: a deep dive into the statutes, into the asserted justifications.
Speaker 1: The Biden Department of Justice put out a new memorandum
Speaker 1: from the Office Legal Counsel trying to claim it had
Speaker 1: the authority to do this, and so on cloak Room,
Speaker 1: I go into the statutes, into the details and explain
Speaker 1: why all of that is nonsense. And in terms of
Speaker 1: the politics, I don't know. So there are cross cutting concerns,
Speaker 1: and the honest answer is I don't know how this
Speaker 1: will play politically. Let me give the argument for why
Speaker 1: it will play badly for the Democrats, and then I'll
Speaker 1: give the argument why it'll play well. The argument why
Speaker 1: it plays badly is that it is reverse Robin Hood.
Speaker 1: Robin Hood stole from the rich and gave from the poor.
Speaker 1: This is Joe Biden stealing from the poor and giving
Speaker 1: to the rich. And let me give you some statistics.
Speaker 1: According to Brookings, the left wing think to the media,
Speaker 1: and income of households with student loans is seventy six thousand,
Speaker 1: four hundred. Only seven percent of those are below the
Speaker 1: poverty line. So these are not typically the poor that
Speaker 1: we're talking about that have student loans. But look they've
Speaker 1: gone to college or grad school, so that that tends
Speaker 1: to move you up in the income skis strata to
Speaker 1: begin with, among those making payments on their loans. So
Speaker 1: if you exclude the people who aren't making any payments
Speaker 1: and you focus just on those making payments on their loans,
Speaker 1: the media income is eighty six thousand, five hundred dollars,
Speaker 1: so that's starting to get up there, and only four
Speaker 1: percent are in poverty. Overall, the top forty percent of
Speaker 1: American households hold sixty percent of the student loans. How
Speaker 1: many Americans have degrees, Well, thirty seven percent of Americans
Speaker 1: have a bachelor's degree and fourteen percent of Americans have
Speaker 1: a graduate or professional degree. That's courted the Census Bureau
Speaker 1: and the unemployment rate for college graduates right now is
Speaker 1: two point nine percent. Approximately eighty seven percent of American
Speaker 1: adults do not have student loans, so it is benefiting
Speaker 1: a relatively small, discreete class um. This could play very
Speaker 1: badly for Joe Biden if the people who are paying
Speaker 1: for it are pissed off. You know this is this
Speaker 1: will cost every taxpayer on average two thousand, one hundred
Speaker 1: dollars to give away this money. So, Senator, do you
Speaker 1: remember a couple of years ago there was a voter
Speaker 1: or constituent on the campaign trail he approached Liz Warren,
Speaker 1: your colleague, when Senator Warren was pitching student loan forgiveness,
Speaker 1: and he didn't like the idea I'm having. Yep, I
Speaker 1: just want asking questions. My daughter's getting out of school.
Speaker 1: I saved all my money. Just am I gonna get
Speaker 1: my money back? So you're gonna pay for people who
Speaker 1: didn't save the money, so that those of us that
Speaker 1: did the right thing get screwed. My buddy hit Fun
Speaker 1: bought a car, went on vacations. I saved my money.
Speaker 1: He made more than idea, but I worked a double.
Speaker 1: The ship worked extra, my dallars works. He his ten.
Speaker 1: So you're laughing, Yeah, that's exactly what you're doing. We
Speaker 1: did the right thing and we get screwed. I appreciate
Speaker 1: I didn't look like that was playing very well in Peoria.
Speaker 1: And so I do think folks like that guy questioning
Speaker 1: Elizabeth Warren are going to be pissed off. I do think, Uh,
Speaker 1: steel workers and truck drivers and plumbers have a reason
Speaker 1: to be pissed off. All of this could bounce badly
Speaker 1: for Democrats. Don't let me give you the flip argument.
Speaker 1: It may be a political master stroke. Why is that that?
Speaker 1: There's there's a school of thought and economics that's called
Speaker 1: public choice theory, and public choice theory examines how decision
Speaker 1: making is made in a democratic society. And essentially what
Speaker 1: it focuses on is when you have a relatively small
Speaker 1: group with a concentrated benefit and you have a large
Speaker 1: group with a diffuse harm. The small group cares a
Speaker 1: lot about it, and the large group typically doesn't. And
Speaker 1: so look that there is a real risk if if
Speaker 1: you are that that slacker barista who who wasted seven
Speaker 1: years in college studying completely useless things now has loans
Speaker 1: and can't get a job. Joe Biden just gave you
Speaker 1: twenty grand, like holy cow, twenty grand that you know,
Speaker 1: maybe you weren't going to vote in November and suddenly
Speaker 1: you just got twenty grand. And you know, if you can,
Speaker 1: you know, get off the bond for a minute and
Speaker 1: head down to the voting station or just send in
Speaker 1: your mail in ballot that the Democrats have helpfully sent you,
Speaker 1: it could drive up turnout, particularly among young people and
Speaker 1: the people who are getting screwed. It's not necessarily the
Speaker 1: case that they understand they're getting screwed. It's a little
Speaker 1: more diffuse of I'm paying taxes, but it's not like
Speaker 1: you get a bill in October, Dear Michael, send in
Speaker 1: your two thousand, one hundred dollars to pay for slacker
Speaker 1: boys loans getting forgiven. When I think of the whatever
Speaker 1: the estimated three hundred billion to six hundred billion dollars
Speaker 1: that this could cost, we don't have a really firm
Speaker 1: number yet, I think, yeah, that's a lot of money.
Speaker 1: But in the perspective of all the other money that
Speaker 1: the federal government spends, it's it's just not going to
Speaker 1: make a huge difference. So that is one great fear,
Speaker 1: and then the other fear long term as to whether
Speaker 1: or not this is a Democrat political masterstroke is you've
Speaker 1: now created a system of incentives whereby people will be
Speaker 1: more likely to go to college, assuming that they're not
Speaker 1: going to have to pay back their loans, assuming that
Speaker 1: the big Daddy government is going to come in and
Speaker 1: take care of them whenever a Democrat is in the
Speaker 1: White House. And the thing we know about college these
Speaker 1: days is it doesn't train you for jobs. It doesn't
Speaker 1: give you a liberal education that seemed to go out
Speaker 1: the window decades ago. All it really seems to do
Speaker 1: is make people more likely to vote for Democrats. So
Speaker 1: even forgetting even about the midterm elections or twenty twenty four,
Speaker 1: in the long term, as a result of this education
Speaker 1: bill that almost certainly will not result in any real
Speaker 1: additional education for people, you could have Democrats grooming a
Speaker 1: whole new generation of voters to be more likely to
Speaker 1: support them. Well, I think that's possible. I think there's
Speaker 1: another effect that this act is going to drive up inflation.
Speaker 1: I think significantly. You know, it's amazing, between this and
Speaker 1: the build back Broke bill they just jammed through, the
Speaker 1: Democrats have just spent another trillion dollars. Inflation is the
Speaker 1: number one issue in the country, and they're just pouring
Speaker 1: gasoline on it. You know, we just saw today the
Speaker 1: Wall Street Journal reported that that home mortgage rates have
Speaker 1: jumped up even more to five and a half percent.
Speaker 1: You know, look, that's real economic pain for a first
Speaker 1: time home buyer for for that matter, or anyone trying
Speaker 1: to buy a home. One of the effects of the
Speaker 1: inflation most concentrated is going to be on college tuition.
Speaker 1: You know, everyone this does nothing about the crisis. I
Speaker 1: actually agree there's a student loan problem because universities are
Speaker 1: engaged in hyper inflation. You know, they've got you know,
Speaker 1: you're and my alma maters have endowments, you know, thirty
Speaker 1: forty fifty billion dollars, and yet they're bilking students out
Speaker 1: of massive amounts. They keep jacking up the prices year
Speaker 1: after year after year. And they've got tenured faculty who
Speaker 1: teach one class. They've got you know, fifty diversity administrators
Speaker 1: who all make six figure checks. This is the very
Speaker 1: worst of leftist politics, which is they take care of
Speaker 1: their friends and they give them money. You look at
Speaker 1: this build back Broke bill where they paid off all
Speaker 1: these left wing environmentalist groups who are just making billions
Speaker 1: of dollars, and all the Washington lobbyists that are making
Speaker 1: billions of dollars, they take care of their friends and
Speaker 1: they screw their enemies. I mean, for the left, it
Speaker 1: is a zero sum game of reward and retribution, and
Speaker 1: it creates a vicious cycle where all the people they're
Speaker 1: paying off are then going to keep trying to keep
Speaker 1: the people paying them off in power. I'm reminded of
Speaker 1: one of my favorite Simpsons episodes where where Grandpa Simpsons
Speaker 1: has been getting checks for I think it was having
Speaker 1: like itch an Itchy and scratchy cartoon or something, and
Speaker 1: he hadn't done it. It was a mistake, and and
Speaker 1: and Lisa says, well, Grandpa didn't. Didn't you think it
Speaker 1: was strange that you were getting checks in the mail
Speaker 1: for not having done anything? And he says no, Lisa,
Speaker 1: I just figured the Democrats were back in power. Well,
Speaker 1: speaking of the friends of the Democrats, and actually speaking
Speaker 1: of your ability, you know, to send your kids to
Speaker 1: school and to make any money at all, Senator, I
Speaker 1: don't know if you saw this headline, but someone is
Speaker 1: coming for your job. You have got a major figure.
Speaker 1: At least according to CNN and MSNBC, coming after you,
Speaker 1: the future former congress Lady Liz Cheney is launching a
Speaker 1: political action committee. She's targeting not Democrats, of course, she's
Speaker 1: targeting Republicans. And you or at the top of the list. Well,
Speaker 1: you know, you can tell a lot about a person
Speaker 1: by their friends, and you can tell even more by
Speaker 1: their enemies. Listen, I gotta say, Liz Cheney, I've known
Speaker 1: Liz a long time. I've known her twenty plus years.
Speaker 1: Yet there are some people who Donald Trump just broke that.
Speaker 1: They just they hate Trump so much that their mind
Speaker 1: went on Fritz. And I gotta say, Liz is unrecognizable.
Speaker 1: She has become a left wing Democrat now and like
Speaker 1: ten years ago, the idea that Liz Cheney was a
Speaker 1: left wing Democrat would have been ludicrous. Obviously, her dad
Speaker 1: was Dick Cheney. He was a conservative Republican. She was. Look,
Speaker 1: they're both too neo Connie for me. They're both too
Speaker 1: eager to get us involved in foreign wars. But that
Speaker 1: being said, on taxes, on social issues, on most issues,
Speaker 1: Liz Cheney was a down the road conservative Republican. And
Speaker 1: by the way, that's where Wyoming is, and and and
Speaker 1: then Trump came into power and her mind just shattered,
Speaker 1: and and and she what's amazing is that she's become
Speaker 1: It's not even just that she says, Okay, I don't
Speaker 1: like Donald Trump, like I don't like his what he says,
Speaker 1: I don't like how he acts. That's I understand someone
Speaker 1: who says that I don't like everything he says and
Speaker 1: does I like the policies we had acted together. I
Speaker 1: work closely with him on that. But she doesn't limit
Speaker 1: it to that. It's it's like Bill Crystal as someone else,
Speaker 1: like Liz Cheney who has just become a liberal Democrat
Speaker 1: who what they say, you know, Cheney's uh circus act
Speaker 1: on on the January sixth Commission is indistinguishable from what
Speaker 1: Nancy Pelosi would say. It's indistinguishable from what Chuck Schumer
Speaker 1: would say. And so we just had the primary and
Speaker 1: in in Wyoming, and you know, she had won by
Speaker 1: I don't know, seventy eighty percent last time around in
Speaker 1: the primary. This time she didn't just lose. She lost
Speaker 1: by almost forty points. Thirty nine points is what she
Speaker 1: lost by. And the reason is simple. She doesn't represent
Speaker 1: the people of Wyoming anymore. The people of Wyoming are conservative,
Speaker 1: and she's decided she is a Washington, DC left wing
Speaker 1: Democrat now. And so it's completely unsurprising, you know, right
Speaker 1: after she gets just trounced by the voters, there's no remorse,
Speaker 1: there's no contrition, there's no gush. You know, for some reason,
Speaker 1: the people of Wyoming don't think I'm representing them anymore.
Speaker 1: There's none of that. It is. Instead, she says it's
Speaker 1: her mission to do what defeat conservative Republicans. And I
Speaker 1: guess it's a badge of honor that I'm the number
Speaker 1: one person on her list. That she's going to take
Speaker 1: the PAC money she raised, and I think she's gotten
Speaker 1: like seven eight million dollars that came from lefty Democrats
Speaker 1: all over the place, and she's going to use that
Speaker 1: now to attack Republican And listen, there are two things
Speaker 1: Liz Cheney is doing. Number One, she's got a fundraising
Speaker 1: grift where she will raise money like the Lincoln Project.
Speaker 1: Lincoln Project is a great example where it's a fundraising
Speaker 1: grift of people who used to be kind of sort
Speaker 1: of Republicans who now make millions of dollars when they're
Speaker 1: not engaged in other illicit activities. Now make millions of
Speaker 1: dollars raising money from lefties to attack Republicans. And they're,
Speaker 1: to use that phrase useful idiots because their attacks arguably
Speaker 1: have some saliots, because they can say I was once
Speaker 1: a Republican, now I can be a left wing Democrat
Speaker 1: attack them. So she'll engage in a fundraising grift for
Speaker 1: a while. My guess is she probably runs for president,
Speaker 1: she gets crushed, and then she will happily retire to
Speaker 1: being a commentator at either MSNBC or CNN. I don't
Speaker 1: know which one it'll be, or maybe Mother Jones. I mean,
Speaker 1: I mean, I think those are choices. Now, Senator, speaking
Speaker 1: of large amounts of money and empowering bad forces, the
Speaker 1: Iran nuclear deal seems to be back on the table.
Speaker 1: The Obama administration crafted this deal and sent palettes of
Speaker 1: cash to Iran and paid obeisance to Iran after they
Speaker 1: captured our sailors and set them on the path to
Speaker 1: getting a nuclear weapon, all of which was very, very bad.
Speaker 1: And then Obama leaves, Trump comes in, and the Republicans
Speaker 1: and Trump tear up the Iran nuclear deal. Now Biden
Speaker 1: seems to be reviving it, although the details are a
Speaker 1: little bit unclear. I know you've been very, very involved
Speaker 1: in this issue. What do we need to know? Look,
Speaker 1: Biden is desperate to an announce that an Iran deal,
Speaker 1: and he doesn't care what the substances he is willing
Speaker 1: to give the Ayatola. I think literally anything the Ayatola wants.
Speaker 1: It is a political mission for Biden in the White
Speaker 1: House and to say it is indefensible. You know, it
Speaker 1: was a year ago that Biden surrendered to the Taliban
Speaker 1: and Afghanistan. Biden is right now trying to give Iran
Speaker 1: and the Iatola nuclear weapons. That that is the effect
Speaker 1: of the deal that they're negotiating is to make it
Speaker 1: inevitable that Iran has nuclear weapons. And let's be clear,
Speaker 1: the Iatola leads chance of death to America and death
Speaker 1: to Israel with thousands of people. In fact, every year
Speaker 1: they celebrate in Iran what they call Death to America Day,
Speaker 1: and that is it is the anniversary of the Islamic
Speaker 1: Revolutionary Guard taking American hostages in nineteen seventy nine in Iran,
Speaker 1: and that is in effect a national holiday where they
Speaker 1: celebrated in Iran every day. Right now, today, the current
Speaker 1: Iatola Commune is actively trying to murder the former Secretary
Speaker 1: State of the United States Mike Pompeo, the former National
Speaker 1: Security Advisor in the White House, John Bolden, and another
Speaker 1: State Department official, Brian Hook. All three of them have
Speaker 1: hit squads being paid for by the Iranian government actively
Speaker 1: trying to murder them. And you may recall a couple
Speaker 1: of months ago, Tony blink In the Secretary of State
Speaker 1: was testifying in the Senate Form Relations Committee, and I
Speaker 1: asked him in the hearing, I said, is it true
Speaker 1: that the State Department is right now paying two million
Speaker 1: dollars a month for security for Pompeo and Hook to
Speaker 1: protect them from Iranians trying to murder them? He said, yeah,
Speaker 1: that's true. And I said, is it true that as
Speaker 1: you were sitting down in Vienna negotiating with the Iranians,
Speaker 1: that the Biden State Department asked the Iranians, hey, would
Speaker 1: you guys stop actively trying to murder former senior US
Speaker 1: government officials, and that they said no, no, we will
Speaker 1: not stop trying to murder them. And you still sat
Speaker 1: there and said, Okay, well, let's keep negotiating and and
Speaker 1: Blincoln back pedaled and he obfuscated. He didn't want to
Speaker 1: answer that question because the answer is yes, and about
Speaker 1: the only thing I got candor from Lincoln on as
Speaker 1: I said. My next question was, I said, mister secretary,
Speaker 1: would you agree that trying to murder the US Secretary
Speaker 1: of State is a pretty bit big damn deal At
Speaker 1: Blncoln was forced to laugh and say, yeah, okay, that
Speaker 1: that is a big deal. But who I'm stopped Biden,
Speaker 1: it is ludicrous. Here's some good news. The chances that
Speaker 1: the next Republican president, which I think will be in
Speaker 1: twenty twenty five, will rip up whatever ridiculous deal these
Speaker 1: guys negotiate. I think they're very close to one hundred percent.
Speaker 1: And that's something I'm trying to make very very clear.
Speaker 1: I'm trying to lay the basis for it, lay the
Speaker 1: factual credit it for it. The aetola. The biggest thing
Speaker 1: the aetola wants an agreement is some sort of promise
Speaker 1: that will bind the next president. Because Trump the most
Speaker 1: important national security decision he made was to tear up
Speaker 1: the older Rand deal. The next Republican president, whoever it is,
Speaker 1: I think there's widespread agreement whoever the next Republican president is,
Speaker 1: will tear up whatever disastrous deal this is. That's a
Speaker 1: very good thing. And you know, look, one of the
Speaker 1: things that the Biden team is desperately trying to find
Speaker 1: is some way to tie the hands of the next president.
Speaker 1: I don't think they'll succeed, but they're trying to write
Speaker 1: into the agreement clauses that, you know, hand over a
Speaker 1: massive amount of money if the next administration pulls over.
Speaker 1: They're trying to put poison pills in there to prevent
Speaker 1: the next administration from pulling out. We'll see what they
Speaker 1: come up with. But I think regardless, the next president
Speaker 1: is pulling out of this disastrous deal because allowing the
Speaker 1: Aetola to have a nuclear weapon is an unacceptably high
Speaker 1: risk that that weapon would be used to murder millions
Speaker 1: of Americans. Now, the Biden administration is clearly working overtime
Speaker 1: in this regard, but gen Z is not working overtime.
Speaker 1: And I know that we are going overtime, but I
Speaker 1: have to get your opinion on this. This is completely
Speaker 1: outside of the Iran deal or even the Education Bill.
Speaker 1: Is just a cultural matter. But it really shocked me
Speaker 1: as reading the Wall Street Journal that there is a
Speaker 1: trend that has taken over TikTok and all sorts of
Speaker 1: commentary among the zoomers, among Gen z, you know, the
Speaker 1: people younger than millennials, which is the trend of quiet quitting.
Speaker 1: And quiet quitting is when you keep your job. You're
Speaker 1: not You don't quit, you don't resign, you don't even
Speaker 1: get fired. You just do the bare minimum. You clock
Speaker 1: in at nine o'clock on the dot, you clock out
Speaker 1: at five o'clock on the dot. You don't pick up
Speaker 1: your phone, you don't work weekends, you don't do anything.
Speaker 1: And it was so bizarre to read this because I
Speaker 1: was always raised that you just work hard and you
Speaker 1: never stop working hard. And all the guys at the
Speaker 1: top are working really hard. I know you work about
Speaker 1: twenty seven hours a day. I've seen it up close
Speaker 1: in cities all around the country. How do you explain
Speaker 1: this trend and do the zoomers have any sort of
Speaker 1: point when they're looking for work life balance. Well, Michael,
Speaker 1: I gotta say, I think you're being agist, and it
Speaker 1: may just be that you've gotten too old and you're
Speaker 1: too far removed from the youngsters and you need someone
Speaker 1: like me. Who's who's more in touch with the utes. Listen,
Speaker 1: we have a prominent example of someone doing this, Joseph
Speaker 1: Robinette Biden Julian The guys had a job for a
Speaker 1: year to and he hasn't left his basement. You know
Speaker 1: it it um Look. I do think the pandemic had
Speaker 1: all sorts of harms, but it was particularly harmful to
Speaker 1: gen z. It was particularly harmful to people starting their careers.
Speaker 1: It's very harmful to kids too. I mean kids who
Speaker 1: had school shuts down, shut down. That was incredibly harmful.
Speaker 1: But you know, you have a lot of people in
Speaker 1: their early twenties who have their first job and their
Speaker 1: first job was during the pandemic where they worked from
Speaker 1: home and they just zoom from home. And I get
Speaker 1: to say now, and I talked to a lot lots
Speaker 1: of people in the workplace who say that that. You know,
Speaker 1: twenty somethings say hey, I'm just going to work from
Speaker 1: home this week, and they think that it's it's just
Speaker 1: the way it's done, that you just zoom in. And
Speaker 1: there are lots of problems with that, one of which
Speaker 1: is that that often people who are working from home
Speaker 1: don't work like they claim. I'm working, and magically they're
Speaker 1: doing everything from you know, playing golf to sleeping to
Speaker 1: you know, running on the beach, but none of which
Speaker 1: are actually the job presumably you're paid to do. But
Speaker 1: it also really hurts young people not to be in
Speaker 1: the office. And I look at you know, I mean,
Speaker 1: I think back to when I was in my twenties
Speaker 1: and just starting working, the experience of being there, of
Speaker 1: being in the office, culture, of seeing people who are
Speaker 1: more experienced, of learning from them. You know, look, I
Speaker 1: worked obviously as a lawyer. It is still very much
Speaker 1: the case that the way you learn how to be
Speaker 1: a lawyer, you don't learn how to be a lawyer
Speaker 1: in law school. You learn to be a lawyer much
Speaker 1: like they did in the days of Abraham Lincoln, which
Speaker 1: could you carry someone's briefcase. You just watch someone, you
Speaker 1: apprentice under someone who is doing it, and you learn
Speaker 1: by osmosis. You learn by just observing and being there
Speaker 1: and seeing the day to day rhythm and how you
Speaker 1: do it. And I do think young people in particular
Speaker 1: who think I don't ever need to go into the
Speaker 1: office to work are robbing themselves of really critical education
Speaker 1: and on the job training and that at the end
Speaker 1: of the day, it's not healthy for society, but it's
Speaker 1: not healthy for them either. Like working hard and you know, listen,
Speaker 1: I had years after years after years of you know,
Speaker 1: working sixteen, eighteen, twenty hours a day, and that that discipline.
Speaker 1: If if you want to do things that are important
Speaker 1: and significant, it takes that time and commitment and energy.
Speaker 1: And so I do worry that all of the lessons
Speaker 1: society is teaching the younger generations are lessons that are
Speaker 1: going to be really harmful for them in the long term. Well,
Speaker 1: I'm glad that I could. I could get that insight
Speaker 1: from someone who is young and hip to what the
Speaker 1: youths are talking about, and I can take that back
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Speaker 1: episode of The Cloak Room coming up with our friend
Speaker 1: Liz Wheeler. Liz, what are you going to talk about? Hi,
Speaker 1: Michael High, Senator. Yes, So it's very obvious that Biden's
Speaker 1: student loan debt cancelation executive order is unfair to people
Speaker 1: who have paid their debts off. It's also very expensive.
Speaker 1: It's going to cost the American taxpayer billions of dollars.
Speaker 1: It's redistribution of wealth, but opposite from what the Democrats
Speaker 1: usually advocate for. This is actually taken from the poor
Speaker 1: to give to the rich. It's also inflationary. It's going
Speaker 1: to increase or worse in inflation. But here's here's a
Speaker 1: million dollar question. Is Joe Biden canceling student loan debt
Speaker 1: via this executive order even legal? That's what we're going
Speaker 1: to explore it today on the Cloakroom. Join us at
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