Speaker 1: Hey, hey, hey, ooh we're back.
Speaker 2: We're black, we're brown.
Speaker 1: And ambition, ambition, ambition, ambition, ambition. We're only down to
Speaker 1: one brown today because Mandy's on a trip. First of all, Okay,
Speaker 1: so I'm taking this on Monday the what is today?
Speaker 1: Monday the twenty second, So yesterday, Sunday, the twenty first.
Speaker 1: History was made because our current president, Joseph I believe
Speaker 1: Robin is his middle name, Biden, decided that he was
Speaker 1: not going to seek re election and not going to
Speaker 1: be the nominee for Democratic.
Speaker 2: Party for twenty twenty five.
Speaker 1: Well, he's for sure he's not going to be president
Speaker 1: for twenty twenty five because he decided to step down
Speaker 1: and so, and he threw his endorsement behind our current
Speaker 1: vice president, Kamala. I always want to come, come on, Kamala,
Speaker 1: but I'm like, it's Kamala, like Kama Kamala.
Speaker 2: Harris and the world was thrown into a tizzy. Honey.
Speaker 1: I was literally at brunch with a friend of mine.
Speaker 1: We had taken a walk. So I walked so much
Speaker 1: this weekend sidebar. I walked like thirteen miles on on Saturday,
Speaker 1: and like eight miles or so, No. Nine and a
Speaker 1: half miles on Sunday, your girl was walking, and so.
Speaker 2: We went for a walk and.
Speaker 1: Someone texted me and said, you know, oh my goodness,
Speaker 1: you know, ain't this your girls? I just I think
Speaker 1: I mentioned last week. I just was invited to the
Speaker 1: Vice President's president. If I hadn't, if I didn't mention
Speaker 1: that I was, she's on the economic tour stop and
Speaker 1: I'll talk to you about some of the things I learned.
Speaker 1: But it was kind of like, WHOA, Okay, I think
Speaker 1: we're all, you know, I suspect, but you don't know
Speaker 1: that I don't live in that house. And so yeah,
Speaker 1: I think we're all a little bit shocked and surprised,
Speaker 1: and I want to talk about kind of like what
Speaker 1: I learned at the Vice President's residence. She is currently on,
Speaker 1: like I said, an economic tour, and she talked about
Speaker 1: some of the economic gains of this current administration have done.
Speaker 2: She also, because.
Speaker 1: It was an economic tour stop that partnered with the
Speaker 1: Black Chamber of Commerce. They had their annual conference in DC.
Speaker 1: I don't know if it's in DC, but they had
Speaker 1: their annual conference, and so they had the reception at
Speaker 1: the Vice President's residence. She specifically focused on the economic
Speaker 1: progress for black communities. So I want to kind of
Speaker 1: share some of that stuff with you later on in
Speaker 1: the show, because I had promised the girls, right, we
Speaker 1: was gonna talk about student loan debt relief because as
Speaker 1: you know, your girl been, I've been in DC a
Speaker 1: lot lately, okay, because one of my boo lives there,
Speaker 1: you know, my new villa, my new booll. But I
Speaker 1: guess relative to like, you know, all the loss and stuff.
Speaker 1: But and so he lives there, and so but I
Speaker 1: have been going for official business and I was invited
Speaker 1: to my first Congressional briefing, as I mentioned, I think
Speaker 1: last episode, and it was specifically about student loan debt relief.
Speaker 1: And it was held by Senate Majority Leader Chuck Schumer,
Speaker 1: who's the Senator of New Jersey, not New Jersey, I'm sorry,
Speaker 1: New York. He's very in New York. Senator Elizabeth Warren,
Speaker 1: I believe she's Massachusetts. Don't give me a line, Senator Warnock,
Speaker 1: and Representative ayan La Pressley.
Speaker 2: And so what was so.
Speaker 1: Awesome about it is not only did I get a
Speaker 1: chance to go, it was only six other creators there,
Speaker 1: and they really gave us a tremendous breakdown that I'm
Speaker 1: going to actually share with you, because I was like,
Speaker 1: can I get this digitally? OK?
Speaker 2: And they said yes.
Speaker 1: They gave us a tremendous breakdown of kind of like
Speaker 1: some student loan debt relief backs. So I was like,
Speaker 1: wait what, and I'll say something new just happened, and
Speaker 1: I'll mention that too, and then they also kind of
Speaker 1: gave a breakdown of like what this current administration has
Speaker 1: done in favor of student on debt relief.
Speaker 2: And I figured i'd share some of those things.
Speaker 1: With you, but before I forget, if you want, like
Speaker 1: the stuff I'm going to share today, if you're wanting
Speaker 1: a copy of it, because I did ask for a
Speaker 1: digital copy, if you go to my IG the Bunchetista,
Speaker 1: there should be like a reel where you're going to see, like,
Speaker 1: you know, like me talking about that day, me going
Speaker 1: to Capitol Hill, YadA, YadA, YadA, and then I'll say
Speaker 1: type the word details below and I will send you
Speaker 1: via DM a copy of what I'm sharing with you now.
Speaker 1: So if you want that free copy, and you know
Speaker 1: you do, go ahead on over to IG.
Speaker 2: Check my reels.
Speaker 1: Look for the reels about me, but going to Capitol
Speaker 1: Hill type details and I'll send you to you for free,
Speaker 1: because honestly.
Speaker 2: It was fascinating. So you want to hear about it.
Speaker 2: Here it go.
Speaker 1: Let me pull it up because I was like, wait,
Speaker 1: say what now? So just some fast facts real quick?
Speaker 1: Am I gonna be able to look at this big? Honestly,
Speaker 1: technology is not my fund. You know what, I'm not
Speaker 1: even gonna I'm not even gonna do this. I know
Speaker 1: what I'm gonna do because I printed it out because
Speaker 1: I know how I do u u uh. So I
Speaker 1: was gonna look at it my computer, so it looks
Speaker 1: like I wasn't looking at my computer.
Speaker 2: But I'm just.
Speaker 1: Gonna look because the girl. First of all, I'm a
Speaker 1: sucker for like swag, Like look look at this. Look
Speaker 1: at this folder they had given you a girl. It
Speaker 1: says the United States send it.
Speaker 2: You know. I got to keep it good because my
Speaker 2: mama's gonna want it. She's gonna want everything.
Speaker 1: And look, I got a loan name tag the Tiffany Alice. Yes,
Speaker 1: I might keep this on my desk though she can't
Speaker 1: have everything. So let's talk about some of the fast
Speaker 1: facts about student loan debts at a glance.
Speaker 2: Are you ready here? Go?
Speaker 1: So right now, according to the United States government right now,
Speaker 1: roughly about forty three million with an American struggle with
Speaker 1: federal student loan debt. We're ne ever talking about, like,
Speaker 1: so federal student loan debt is you know how sometimes
Speaker 1: some people get private loans. I don't know if I
Speaker 1: ever had private loans. I think allline were federal, but
Speaker 1: you know, the private loans. Unfortunately, I've seen you guys
Speaker 1: ask for like, you know, what can we do about
Speaker 1: private student loan debt? And unfortunately, the federal government doesn't
Speaker 1: have jurisdiction there you owe that person directly. But federal
Speaker 1: student loan debt affects forty three million Americans, which is
Speaker 1: basically all y'all right, Students take on loans on the
Speaker 1: promise that college education will provide a ticket towards middle
Speaker 1: class and we all know the middle class in middle classing.
Speaker 1: You know, but between nineteen eighty, you know, in twenty twenty,
Speaker 1: the cost of college increased by guess how much?
Speaker 2: Hey, Because I was born.
Speaker 1: In nineteen seventy nine, honey, so that was around my time.
Speaker 1: To twenty twenty, college increased by one hundred and eighty percent.
Speaker 2: That's crazy, while wages have not kept up. You already know.
Speaker 1: Imagine your wage is increasing by one hundred and eighty percent,
Speaker 1: they're not. So college has gotten so expensive, and yet
Speaker 1: income has not gotten so expensive. And so now many
Speaker 1: millions of student loan borrows are barely treading order, especially
Speaker 1: if you're of the brown ambition persuasion, if you know
Speaker 1: what I mean. So, under our current President Biden, things
Speaker 1: have started to change, and I'm going to show you how. So.
Speaker 1: He was able to cancel student loan debt for more
Speaker 1: Americans than any other president in history combined.
Speaker 2: I'm going to give you the exact stats.
Speaker 1: Under his administration, nearly five million people before the Supreme
Speaker 1: cork stepped.
Speaker 2: In like a hater and blocked it.
Speaker 1: But under his administration, nearly five million people have gotten
Speaker 1: student loan debt relief. In fact, he has canceled approximately,
Speaker 1: get this, ten percent of all student loan debt. That
Speaker 1: was tremendous. I'm like, why y'all not be telling people?
Speaker 1: Do y'all tell people? Because I'm sitting here in this
Speaker 1: briefing like eyes blinking, like what? I also got to
Speaker 1: ask people individual questions which I'll tell you some of
Speaker 1: the things they shared. And so unfortunately there are those
Speaker 1: who are working over time to block student loan debt cancelations.
Speaker 2: I wonder why.
Speaker 1: So there are like they people have fought in particularly
Speaker 1: the Republicans quite honestly, have filed lawsuits in order to
Speaker 1: block the president's cancelation plans. In twenty twenty three, the
Speaker 1: Supreme Court blocked President Biden's initial plan to cancel student
Speaker 1: loan debt for around forty million Americans. Matter of fact,
Speaker 1: let's do the googles. How many Americans? How many Americans
Speaker 1: are there in America? I don't even know. Let's see
Speaker 1: how many America's population, and they're.
Speaker 2: Their pop ulation.
Speaker 1: So the population of America is three hundred and thirty
Speaker 1: basically six million people, right, and that's everybody. So we're not,
Speaker 1: you know, obviously not everybody. You know, you might be
Speaker 1: ten years old, you know, that's what they're counting. But
Speaker 1: think about forty million people, you know that we're on.
Speaker 1: So if forty three million are affected by federal student loan,
Speaker 1: his policies were going to affect forty million of those
Speaker 1: people before it got blocked by the student Loans under
Speaker 1: something called the Heroes Act, you know, but he didn't
Speaker 1: let that set him back.
Speaker 3: Right.
Speaker 1: So here's the thing, except for just most recently he
Speaker 1: was like, we're gonna work around.
Speaker 2: He started to work through the.
Speaker 1: Department of Education and said we can do some work
Speaker 1: on this side. But just recently, just literally a few
Speaker 1: days ago, they have now blocked that as well. I mean,
Speaker 1: it's not the Heroes Act.
Speaker 2: It's gone.
Speaker 1: We're not doing that no more. They're like, uh, the
Speaker 1: Supreme Court already ruled on it.
Speaker 2: It's over.
Speaker 1: But this way of going through the Department of Education,
Speaker 1: there was still some hope there and there still is.
Speaker 1: It's pause while they review, which is unfortunate because it's like,
Speaker 1: why can't people get student loan debt forgiveness or help?
Speaker 2: Hold that thought and we'll be right back.
Speaker 3: State firm agents are small business owners too, so they
Speaker 3: know how to help help you choose personalized policies that
Speaker 3: fit your needs, like a good neighbor state farm is there?
Speaker 3: Talk to your local agent today.
Speaker 1: Now here's the thing you have to ask yourself when
Speaker 1: something is blocked, who was on the other side for
Speaker 1: who benefits? You know, let me tell you who benefits
Speaker 1: working class and middle class families. Obviously the majority of
Speaker 1: student loans are held by those with no household wealth.
Speaker 1: So what does that mean. It means money in the bank.
Speaker 1: Showed you what you think. There's nothing there, you know,
Speaker 1: like people are not saving. People have more debt than
Speaker 1: they have assets. So the majority are working class families
Speaker 1: and middle class families.
Speaker 2: Who hold student loan debt. This is who would benefit
Speaker 2: from cancelation. People with four year degrees. Did you get us? Said?
Speaker 1: People with four year degrees? So, people with that, I'm
Speaker 1: sorry for your degrees. This part shocked me. I did
Speaker 1: not know that the majority, well not the majority, but
Speaker 1: forty three percent of bars who don't have four year
Speaker 1: degrees are the ones who are strugg with student loan debt.
Speaker 2: Did you get us? Said?
Speaker 1: So I'm thinking like, oh, you get student loans to
Speaker 1: go to a four year college so you can make
Speaker 1: more money. No, forty three percent, so it's not quite half,
Speaker 1: but not too far off. Forty three percent are people
Speaker 1: who are borrowing money for maybe trade school, maybe associates,
Speaker 1: some sort of like a continuing education that's not a
Speaker 1: four year degree. Because we know that four year degrees
Speaker 1: increase your income. You're earning potential tremendously. So forty three
Speaker 1: percent of borrows are taking out money. And it's not
Speaker 1: what you would think the typical, you know, it's not
Speaker 1: the people who are like, well, at least when I'm done,
Speaker 1: I'll be a doctor or attorney or engineer necessarily to
Speaker 1: be able to pay these back.
Speaker 2: Public service workers.
Speaker 1: So currently the President has canceled student loan debt for
Speaker 1: almost a million public service workers under his Save plan.
Speaker 2: The first year a first year da da, da da.
Speaker 1: Let me see, oh this is really all because this
Speaker 1: would have been so helpful for me. A first year
Speaker 1: teacher with a bachelor's degree would see a two thirds
Speaker 1: reduction in the total student loan payments. So if you're
Speaker 1: a first year teacher and you're like, you know what,
Speaker 1: I want to be a teacher, although I've gone to
Speaker 1: school and I have all the student loan debt, you
Speaker 1: would see your student loan payment go down by two thirds,
Speaker 1: which is tremendous. Especially when I started teaching, I was
Speaker 1: making thirty nine thousand dollars a year, which is in
Speaker 1: New Jersey girl, nothing.
Speaker 2: And so imagine I also was paying student loans.
Speaker 1: And I'm going to tell you something about applying, so
Speaker 1: we've all, well, we're gonna go get into the student
Speaker 1: loan repayment programs. I applied, and I had been paying. Well,
Speaker 1: you know, I want to get into that, n amnut.
Speaker 1: If I want to tell you who also benefits from cancelation,
Speaker 1: women Women hold about two thirds of student loan debt.
Speaker 2: Did you know that?
Speaker 1: You know, we know that women tend to go to
Speaker 1: school above and beyond men, but so many women are
Speaker 1: taking out student loan debt, so the cancelation would dramatically
Speaker 1: affect women, which is most of y'all who listen to
Speaker 1: this pod.
Speaker 2: Right, and also people of color. This was a stat that.
Speaker 1: Blew my mind. We know this to be like, we
Speaker 1: know that there is a tremendous difference economically from black
Speaker 1: and brown people and financially and those who are not
Speaker 1: people who are white. Right, This stat blew my mind.
Speaker 1: So I actually gonna read it verbatim because I want
Speaker 1: to make sure that you hear me, and hear me well,
Speaker 1: twenty years after taking out their student loans, a typical
Speaker 1: white barrower owes about six percent of the original debt.
Speaker 1: So twenty years later they took out their student loan,
Speaker 1: they graduated at twenty one years old. Let's say you've
Speaker 1: graduated at twenty. By age forty, you still owe six
Speaker 1: percent damn you still Oh that sounds crazy. But wait,
Speaker 1: the typical black barrow twenty years that same twenty year
Speaker 1: old that graduated college, and when they're forty years old,
Speaker 1: guess how much that black bar I'm gonna give you
Speaker 1: a moment, guess how much that black barrower still owes
Speaker 1: on student loan debt? Not six percent, ninety five percent
Speaker 1: of their original debt after twenty years.
Speaker 2: Did you hear what I said?
Speaker 1: So you have gone to school, done all the things,
Speaker 1: twenty years later, you still basically owe everything from when
Speaker 1: you first graduated. If you're a black bar on average,
Speaker 1: that statistic blew my mind. It is an albatross around
Speaker 1: your neck at forty used to owe what you owe?
Speaker 1: Then why interest people making interest payments for barns deferral.
Speaker 1: We all know that there is a racial wealth gap.
Speaker 1: Not making as much as your white counterparts, so you're
Speaker 1: not able to put as much toward it. I mean.
Speaker 1: And also two black folks tend to earn less even
Speaker 1: at the same job as their non black counterparts. But
Speaker 1: that's That really hurt my heart because it's like, after
Speaker 1: twenty years, you're still in bondage to student loan debt.
Speaker 1: This is why cancelation would be tremendous. So we've all
Speaker 1: heard about the racial wealth gap, and one of the
Speaker 1: there are multiple components that aid in the racial wealth gap,
Speaker 1: basically the gap between how much the net worth of
Speaker 1: people of color and especially black folks versus white white folks.
Speaker 2: Like what is that gap?
Speaker 1: And the gap is tremendous, and so it's like, well,
Speaker 1: what aids in that. One of the things that aids
Speaker 1: in that is home ownership. There's way less homes, you know,
Speaker 1: although with the times we live in now and they're
Speaker 1: so crazy, still home ownership aids in the increased.
Speaker 2: Wealth for any American. Right.
Speaker 1: So for example, I bought my home for one hundred
Speaker 1: eighty thousand dollars in twenty seventeen. I renovated it and
Speaker 1: put like one to eighty into it. So that's like
Speaker 1: what three something, right, And that house is now worth
Speaker 1: about five point fifty. So now that five hundred thousand
Speaker 1: dollars contributes to my to my net worth. I bought
Speaker 1: this kind of that I'm living in now. I bought
Speaker 1: it for like five oh six or something like that.
Speaker 1: I don't know what it's worth now, but it'll likely,
Speaker 1: especially in New Jersey, be worth way more than five years.
Speaker 1: So home ownership, Like, my parents bought their home in
Speaker 1: Westfield for two hundred and twenty five thousand dollars when
Speaker 1: I was nine or ten, So that was thirty five
Speaker 1: years ago. No, let's just say so, yeah, thirty five
Speaker 1: years ago they bought this house for two hundred and
Speaker 1: fifty thousand.
Speaker 2: That house is worth well over a million dollars.
Speaker 1: And so even if I would tell my parents, you
Speaker 1: guys are millionaires, They're like, no, we're not, but you
Speaker 1: are because your assets, say so, they don't owe any money.
Speaker 1: The house is paid off, their cars are paid off,
Speaker 1: they don't have debt, and so they have a net
Speaker 1: worth that would make them quote unquote millionaires. So this
Speaker 1: is what homes can do. I mean, I know right now,
Speaker 1: right now, home ownership is really funky. But I'm just
Speaker 1: telling you that home ownerships not only do not enough,
Speaker 1: they are not enough Black homeowners because a myriad of
Speaker 1: reasons not standing, one of which is that we're not
Speaker 1: making enough. There's racism. Also, what happens is our homes
Speaker 1: are undervalued. There are billions of dollars lost because our
Speaker 1: homes are undervalued. I had told you all this story
Speaker 1: some years prior, where I had got my home. What
Speaker 1: is that thing called appraised? And black homes are appraised,
Speaker 1: under appraised significantly more than any other home. And so
Speaker 1: the guy came. He seemed nice enough. My husband and
Speaker 1: I had renovated the home. He kept commenting on whoever
Speaker 1: lived here before I did a good job of renovations,
Speaker 1: as if it couldn't have been us. I didn't want
Speaker 1: to say nothing to him because I was like, y'ad,
Speaker 1: just get out of my house and do what you
Speaker 1: gotta do. He underp praised my house by like thirty thousand.
Speaker 1: I felt like it seemed low. I asked my realtor
Speaker 1: friends what would my house go for on the market.
Speaker 1: They gave me the number. I said, you know, that's
Speaker 1: not what the appraiser said, and they're like, girl, that
Speaker 1: seems low.
Speaker 2: And I said, well, I don't want.
Speaker 1: To make everything a black thing. And then here came
Speaker 1: the New York Times. The New York Times is doing
Speaker 1: an article I had posted about being underappraised. The New
Speaker 1: York Times is doing an article about black homes being
Speaker 1: under appraised. They saw my posts on socials, said can
Speaker 1: we interview you?
Speaker 2: No, it's either a Wall Street journal. I'm sorry that
Speaker 2: can we interview you? Said?
Speaker 1: Sure you can, and they said, give us your appraisal
Speaker 1: and we will do an independent appraisal. They did, and
Speaker 1: they that not only was my home under praise by
Speaker 1: thirty thousand dollars, it was intentional because the man who
Speaker 1: under praised my property, although he commented on all the
Speaker 1: brand new renovations, I mean it was a gut job,
Speaker 1: he wrote.
Speaker 2: He gave my property a symbol.
Speaker 1: There's like symbols that you can give each property and
Speaker 1: it would say something like, this house is a tear down,
Speaker 1: this house is a new build, this house is newly renovated.
Speaker 1: This house is kind of like has a lot of
Speaker 1: wear and tear. He wrote my house down as a
Speaker 1: wear and tearhouse, even though it had been brand new,
Speaker 1: fully renovated. Meanwhile, he told me what a great job
Speaker 1: this renovation is. You knew, sir, your racism is showing.
Speaker 1: So he intentionally put that down. And on top of that,
Speaker 1: he also used comparable. So when you are praising a home,
Speaker 1: you have to look at other homes in the area
Speaker 1: that are similar. He used homes that were broken down
Speaker 1: to the ground.
Speaker 2: Baby.
Speaker 1: Meanwhile, we had just moved in six months prior. There
Speaker 1: were still stickers on the window from our renovation, and
Speaker 1: he was like, oh, this house is similar to the
Speaker 1: broke down crack house you know on the other side
Speaker 1: of town. Girl, you tried it so much so that
Speaker 1: I'm actually I'm working on a bill to make a
Speaker 1: law making that like illegal and punishable. Like I'm still
Speaker 1: working on that law, you know, with my friend, a Congresswoman,
Speaker 1: Angelovia McKnight. And so that like the networth of black
Speaker 1: and brown people, especially black folks when it comes to
Speaker 1: home ownership, some of that racial wealth gap is as
Speaker 1: a result of not being able to afford homes, but
Speaker 1: also homes being undervalued, and also how much.
Speaker 2: Money you owe in student loans.
Speaker 1: Because net worth is what you own your assets versus
Speaker 1: what you owe your liabilities, own, assets owe liabilities, right,
Speaker 1: that is what your net worth is. And so if
Speaker 1: the things you own are undervalued and you owe more
Speaker 1: and more and more student loan debt, your net worth
Speaker 1: is tremendously lower. So imagine what would happen if the
Speaker 1: forty million people that the that the current administration was
Speaker 1: trying to assist with student loan debt relief got that relief.
Speaker 1: And what a lifting of network that would be to
Speaker 1: black communities who don't want that. I'll tell you who
Speaker 1: don't want it. But I just couldn't believe. I couldn't
Speaker 1: believe twenty years later that black households are still owing
Speaker 1: basically everything that.
Speaker 2: They borrowediw.
Speaker 1: Ugh. So other people who would benefit from cancelation older Americans.
Speaker 1: So studies found that nine over nine million, or about
Speaker 1: twenty percent of all federal borrows are at.
Speaker 2: Least fifty years old.
Speaker 1: That's crazy, right, In the past twenty years, the number
Speaker 1: of bars over the age of sixty has increased six times,
Speaker 1: while the amount old by older Americans has increased by
Speaker 1: nineteen times. So people are getting older and older and
Speaker 1: dragging their what they owe with them because it is
Speaker 1: becoming almost impossible to pay down these student loan debts.
Speaker 1: And so this current administration was really trying to create
Speaker 1: space for people to have help, because if I'm still
Speaker 1: paying hundreds and hundreds of dollars a month in student loans,
Speaker 1: I don't have the access to buy a home. I
Speaker 1: don't have the access to join the stock market and
Speaker 1: invest I don't have the access to put avoid side
Speaker 1: money for retirement, which also aids in networth building. I
Speaker 1: don't have the access to travel. I might not have
Speaker 1: the access to have children because it just costs too much.
Speaker 1: It was a lot, honestly, if you like it. So
Speaker 1: I'm going to go over like some other ways that
Speaker 1: you can still apply for student loan forgiveness, and but
Speaker 1: I just wanted you to have that kind of like
Speaker 1: at a glance. And if you want a copy of this,
Speaker 1: like I said, of what I'm sharing with you, if
Speaker 1: you go to my ig the Budget EASTEM, there will
Speaker 1: be a real where you could type details underneath it
Speaker 1: and I'll send you a copy of it for free.
Speaker 1: I'll literally slide in your DMS. Okay, details, okay, all right.
Speaker 1: Now here are some student loan debt relief options. So
Speaker 1: one is probably the most popular that people have heard
Speaker 1: of is the Public Service Loan Forgiveness Program that's PSLF.
Speaker 1: I applied for this when I was teaching preschool and
Speaker 1: I was denied. And now I find out why.
Speaker 2: Because the PLF came into existence into law by twenty
Speaker 2: twenty four.
Speaker 1: So it was that ten years ago, you know, like
Speaker 1: twenty twenty four PLF came into existence. So PLF cancels
Speaker 1: the debt of people who have worked in public service federal, state, local,
Speaker 1: tribal government, or qualifying nonprofit.
Speaker 2: Organizations, which I did for ten years or more.
Speaker 1: Right now, guess how many people in ten years that
Speaker 1: this program actually gave for forgiveness?
Speaker 2: To guess how many people?
Speaker 1: Guess we just talked about there are forty three million
Speaker 1: people who are affected by federal student loans, and some
Speaker 1: of those people, a great majority of those people are
Speaker 1: people who you know, would qualify for public service loan forgiveness.
Speaker 1: But in ten years before the current resident like cleaned
Speaker 1: it up, only seven thousand bars received relief.
Speaker 2: That's why I was then child. It was denying everybody.
Speaker 2: The devil was busy. Okay, so that's crazy. Only seven
Speaker 2: thousand and ten years? What is what's the ds?
Speaker 1: Let me break that down, Let me bring me let
Speaker 1: me what's my calculator because the math is not mathing calculator.
Speaker 1: So ten years, let me see, seven thousand divided about
Speaker 1: ten years, seven hundred people a year?
Speaker 2: What in the entire hell. That's crazy right now.
Speaker 1: Guess what, So before he got shut down to the ground,
Speaker 1: you know, guess how many public service workers to the
Speaker 1: PPSLF program. Once the president became president and he put
Speaker 1: this into action, guess how many people Because basically people's
Speaker 1: payments were like not being corrected, We're not being we're
Speaker 1: not being counted correctly, paperworkers being lost. So he had
Speaker 1: to clean up the messy cysm them of the Public
Speaker 1: Service Loan Forgiveness program. In so doing, Guess how many
Speaker 1: people actually were able to get canceled student loan debt.
Speaker 1: Guess how many from seven to ten years to nine
Speaker 1: hundred and forty two thousand since he's been president.
Speaker 2: That's transformational. And I knew one of the ladies who
Speaker 2: did this.
Speaker 1: So one woman, I think she worked for a nonprofit hospital,
Speaker 1: and she said that the forgiveness saved her about a
Speaker 1: million dollarsand student loans.
Speaker 2: I said, gir, you took out a million dollars.
Speaker 1: She said, no, but I took out a few hundred thousand,
Speaker 1: and with the interest over the next ten twenty years
Speaker 1: of paying it, it would have cost me a million
Speaker 1: dollars out of pocket. She was a doctor a million dollars.
Speaker 1: Her life is transformed as a result of that nine
Speaker 1: hundred and forty two thousand public service workers, and the
Speaker 1: number keeps growing, okay. Or Another program is called the
Speaker 1: Income Driven Repayment Program the IDR plan. The IDR plan
Speaker 1: lowers people's monthly payments based upon their income and other factors,
Speaker 1: and cancel people's debts after twenty to twenty five years
Speaker 1: of payment. Now this one is what blew my mind.
Speaker 1: So this program started in the early two thousands. Hey, look,
Speaker 1: I'm like literally like, oh, maybe me want to chout.
Speaker 1: Guess how many people since this program's inception, before this
Speaker 1: president came along, actually qualified for the IDR plan under
Speaker 1: Betsy Devau Betty Debal, that rich lady who was like
Speaker 1: the Secretary of Education, and we were all like, why
Speaker 1: she's the word. She don't care, she didn't so under her,
Speaker 1: Guess how many people actually got repayment forgiveness. Guess how
Speaker 1: many people this thing started in the early two thousands.
Speaker 2: You will never.
Speaker 1: Guess thirty two people. You heard that, not thirty two thousand,
Speaker 1: not three hundred and twenty three to two thirty two.
Speaker 2: That's it.
Speaker 1: Thirty two people had received cancelation through IDR income driven repayment.
Speaker 2: That's crazy.
Speaker 1: So again, one of the President's number one things was
Speaker 1: to revamp this system, and he has canceled more than
Speaker 1: a million borrows since he improved the IDR plan right,
Speaker 1: addressing long stand administrative failures and the misuse of forbearance
Speaker 1: by loan officers. Because you used to go to a
Speaker 1: loan officers, I can't pay, they put you on forbearance
Speaker 1: versus say we have this income driven repayment plan. You
Speaker 1: know they used to push forbearance deferment versus there's actually
Speaker 1: a plan. You've been paying for twenty years. You know
Speaker 1: you you can, you know you can. You can have
Speaker 1: that forgiven thirty two people to one million people. Lord
Speaker 1: another plan that you know, unfortunately has been shut down
Speaker 1: by the Supreme Court. This one it was the SAVE Plan,
Speaker 1: saving on Valuable Education. So the SAVE Plan is President
Speaker 1: Biden's new id IDR plan. So he created this plan
Speaker 1: and it's the most borrow friendly IDR plan yet, cutting
Speaker 1: many bars payments in half and drive popping some bars
Speaker 1: down to zero payments.
Speaker 2: One of my friends, she was able.
Speaker 1: To qualify for this, so bars who kept up with
Speaker 1: their acquired payments will also no longer see their loans
Speaker 1: grow due to unpaid interests.
Speaker 2: So I love that.
Speaker 1: So as long as you're paying, your interests for going
Speaker 1: to grow, because payment is one thing, but payment plus
Speaker 1: interest really slows you down, right, So I love that that.
Speaker 1: Like with this planet, it's like, as long as you pay, girl,
Speaker 1: we're not gonna grow your interest because that was one
Speaker 1: of the things that you guys asked me over and
Speaker 1: over and over and over again. Can they lower interests?
Speaker 1: Can they lower interest? They said, we can eliminate it
Speaker 1: as long as you're paying. Okay, not eliminated. We can
Speaker 1: stop it from growing. No more interest add on payments
Speaker 1: as long as you're paying. So so far President Biden
Speaker 1: has canceled the student loan debt of four hundred and
Speaker 1: fourteen thousand bars through Save and So. But this is
Speaker 1: the program that I believed that was blocked by the Supreme.
Speaker 2: Court, which is really disheartening.
Speaker 1: Okay, there's also relief for people cheated by schools. This
Speaker 1: current administration has provided for relief for people who are missileed
Speaker 1: by school or whose schools closed while they were enrolled.
Speaker 1: You know, you hear about Member oh there used to
Speaker 1: be that school that Mario not Mario, who is that
Speaker 1: guy Romeo masterpiece son? Remember he was like in this
Speaker 1: commercial about some school that you could some night school
Speaker 1: that you could be a part of. Anyway, some of.
Speaker 2: These schools were garbage schools. They were not real. They
Speaker 2: are the private quote unquote schools.
Speaker 1: That did not get you a job, and many of
Speaker 1: them closed. Member Trump had a school his included. So
Speaker 1: so far he has canceled student loan debt of one
Speaker 1: point six million borrowers who were cheated by their schools
Speaker 1: or saw their institutions closed, right and so like, and
Speaker 1: just one last one, the total permanent disability discharged. So
Speaker 1: I have a friend that has a disability that and
Speaker 1: it's like, you can't work as much for some people's disabilities,
Speaker 1: and so this cancels debts for people who have total
Speaker 1: and permanent physical or mental disability, which makes sense. I remember,
Speaker 1: in particular that when I was teaching, there was a
Speaker 1: woman who something was wrong. I just remember being like,
Speaker 1: how is she teaching? She had her masters and everything else.
Speaker 1: I found out that she was in a really terrible
Speaker 1: car accident that left her mentally. I don't want to
Speaker 1: use the word disabled, but that's all I can think of.
Speaker 1: But she was still working as a teacher because she
Speaker 1: had her master she was able to get a job.
Speaker 1: And I was like, I found out later because with
Speaker 1: her student loans she couldn't afford to not work. That's crazy,
Speaker 1: and so for her total and permanent disability discharge wud
Speaker 1: be so helpful.
Speaker 2: And so far this.
Speaker 1: Current president has canceled student loan debt of more than
Speaker 1: five hundred and forty eight thousand bars with total and
Speaker 1: permanent disability. Okay, now, there was this new plan, chum
Speaker 1: that I saw that the you know, the courts have.
Speaker 2: Temporarily paused.
Speaker 1: But on the same day that the Supreme Court struck
Speaker 1: down his first cancelation plan, Present and Biden announced a
Speaker 1: new plan to cancel people's student loan debt under the
Speaker 1: Higher Education Act. This is what I was saying before
Speaker 1: Plan B. This is Plan B because Plan A is
Speaker 1: out the windows since since they've since struck that down.
Speaker 1: Will will provide relief for bars who own more than
Speaker 1: they did when they started repaying their loans. Did you
Speaker 1: know that was possible that you can borrow money, be
Speaker 1: paying and still own more because of interests? So he
Speaker 1: would reply because so many of you guys asked about
Speaker 1: interest interest interests. So this is what Plan B is
Speaker 1: supposed to do that they have since paused because of
Speaker 1: a lawsuit. Why also, bars who have been paying back
Speaker 1: their student loans for at least twenty years. Remember I said,
Speaker 1: the average black bar twenty years later will still own
Speaker 1: ninety five percent of that loan.
Speaker 2: This will also help. Plan B will help bars who.
Speaker 1: Attended colleges and universities that failed to provide value. So
Speaker 1: that's up for debate, right, Bars who are otherwise eligible
Speaker 1: for loan re relief but have not yet applied, and
Speaker 1: bars who experience financial hardship. Combined with President Biden's other
Speaker 1: cancelation plans, Plan B will help cancel student loan debt
Speaker 1: of thirty million Americans. And they just recently I just
Speaker 1: saw this. They just recently paused due to a lawsuit.
Speaker 1: And so the Department of Education is in the middle
Speaker 1: of a long rulemaking process required by law. But the
Speaker 1: administration hopes on rolling out the final version this fall.
Speaker 1: But like I said, I just saw that there's a
Speaker 1: lawsuit kind of pausing this. Yeah, I just so one
Speaker 1: question I did ask, like cause you know, like I said,
Speaker 1: I was there with the senators and representatives, and I said,
Speaker 1: so oftentimes when something is forgiven, So let's just say
Speaker 1: you had a mortgage and you had foreclosure and they
Speaker 1: took the house, and now you don't have to pay that,
Speaker 1: you know, your mortgage anymore. If you have anything forgiving
Speaker 1: over six hundred dollars, you can get a tax bill.
Speaker 2: So I asked about that.
Speaker 1: I said, what about a tax bill, because if you
Speaker 1: forgive my student loan debt of one hundred thousand dollars,
Speaker 1: the unfortunately, the government says, when you do, don't have
Speaker 1: to pay.
Speaker 2: You made money. I'm gonna say that again.
Speaker 1: The government says, when you owed, but don't have to pay,
Speaker 1: that's income anything over six hundred dollars. And so I said, so,
Speaker 1: what about if somebody gets one hundred thousand forgiven, you know,
Speaker 1: two hundred thousand forgiven, fifty thousand forgiven, a thousand forgiven,
Speaker 1: don't we have to pay because it's going to trigger.
Speaker 2: A tax bill.
Speaker 1: And so they said, as the way these plants are
Speaker 1: written right now, that there will be no tax bill
Speaker 1: through the end of twenty twenty five. Right, So, yeah,
Speaker 1: the end of twenty twenty five, and then I guess
Speaker 1: we'll see, depending on who wins the selection, like what
Speaker 1: it looks like after that. So that means if you
Speaker 1: get your student loans forgiven or you've gotten them forgiven
Speaker 1: between now and you know the end of twenty twenty five,
Speaker 1: you won't have a tax bill because you could potentially
Speaker 1: end up paying twenty thirty percent taxes, you know, on
Speaker 1: forgiven items. Is there something that I share that's made
Speaker 1: you say, wow, what that's crazy?
Speaker 2: Yeah, honestly, I hope to.
Speaker 1: I want to bring because obviously I'm not an expert
Speaker 1: on student loan debt relief right. And like I said,
Speaker 1: if you want a copy of like what I just
Speaker 1: information I just share with you.
Speaker 2: It's totally free. Go head on over to my ig
Speaker 2: the Bunjanista.
Speaker 1: Type details under the real where I talk about going
Speaker 1: to the congressional briefing. Just type details and I'll DM
Speaker 1: it to you so you can have it for yourself,
Speaker 1: because information should be free and available.
Speaker 2: Here's the thing, here's the thing we started out, here's
Speaker 2: the thing, and where's Maddy?
Speaker 1: Yeah?
Speaker 2: Yet sensual being on?
Speaker 1: Anyway, Whenever I say here's the thing, it always makes
Speaker 1: me think of Kelly Clarkson.
Speaker 2: Kelly Clarkson. So here is the thing.
Speaker 1: Student loan debt I believe is a racial justice issue
Speaker 1: because those that would benefit most from student loan debt
Speaker 1: are women and black and brown people, middle class, working class.
Speaker 2: It's a social justice issue.
Speaker 1: Because there is a blocking of aid and assistance to
Speaker 1: people who needed most.
Speaker 2: And you have to ask yourself.
Speaker 1: Why, Why would helping people to have access to more
Speaker 1: money to improve their lives want to be blocked? Why?
Speaker 2: Child?
Speaker 1: You know, I someone said, ain't no hate like Christian love.
Speaker 1: I'm gonna say again, as somebody who considers your self Christian,
Speaker 1: ain't no hate like Christian love. These supposed conservative Christians.
Speaker 1: I mean, one of the number one components of that faith,
Speaker 1: of my faith is generosity. It's kindness, it's grace, it's forgiveness.
Speaker 1: And yet they're like, no, absolutely not. If Jesus were
Speaker 1: here today, they would.
Speaker 2: String that man up. They don't the girl. It's never
Speaker 2: been about that.
Speaker 1: That's why I when I see people arguing with people,
Speaker 1: because I don't argue with you on line, I just
Speaker 1: block you if I even see it. If I'm being honest,
Speaker 1: you know, cause I know somebody'll gonna be mad at
Speaker 1: this episode. Child say, I don't read the emails. Child,
Speaker 1: you're gonna be young. Let the intern or whoever look
Speaker 1: at these emails. I don't read the emails. Even with
Speaker 1: you side of my DM child the wave. I have
Speaker 1: my Instagram filtered. If I haven't allowed you to talk
Speaker 1: to me, I won't see it. And even when you're
Speaker 1: in the comments, I got someone who looks through the
Speaker 1: comments and deletes all the foolishness. Because what I don't
Speaker 1: want to do is I don't go back and forth.
Speaker 1: My black name is stronger than that baby's grip. Okay,
Speaker 1: because my piece, child, what I look like going back
Speaker 1: and forth?
Speaker 2: Do you?
Speaker 1: But what I realize is that I also am not
Speaker 1: looking to try to talk sense into people who worship nonsense.
Speaker 1: People know that DEI is a good thing, and that
Speaker 1: the more diversity you have on a company, the more
Speaker 1: money you make.
Speaker 2: They don't care. They rather lose money than see you win.
Speaker 1: People know that student loans to really help families, really
Speaker 1: help people who need most. They don't care because people
Speaker 1: rather lose then to see you win. People know that
Speaker 1: you know it's only getting tougher and tougher and tougher
Speaker 1: out here. This is why people don't want.
Speaker 2: To have kids.
Speaker 1: They don't care because there are people who worship power
Speaker 1: so much. They rather get low in the muck and
Speaker 1: the dirt with you than to help you elevate if
Speaker 1: it means you're gonna be any closer to them. That's
Speaker 1: why I don't go back and forth. They know, they
Speaker 1: know it's intentional. It's intentional. They did a study on
Speaker 1: Americans where it showed if you gave Americans a choice,
Speaker 1: I think I might have said this of they would
Speaker 1: get a raise, and if they got a raise, they
Speaker 1: would still be paid less than everybody else in the office.
Speaker 1: So meaning like I go from fifty thousand to sixty thousand,
Speaker 1: but everybody else is making sixty five, right, Or.
Speaker 2: I could not get a raise and then everybody else
Speaker 2: would be making fifty or fifty five. What would I
Speaker 2: choose as an American?
Speaker 1: Would I rather get myself a ten thousand dollar raise, No,
Speaker 1: I'm making five thousand dollars less than everybody else. Or
Speaker 1: would I rather not get a raise at all, knowing
Speaker 1: everybody makes less than me. Do you know more than
Speaker 1: half the people say make less than me? It's like, Sis,
Speaker 1: did you hear what I said? If they make less,
Speaker 1: you make less?
Speaker 2: Yup?
Speaker 1: If they make less you Yep? That is how some
Speaker 1: people navigate that they rather have and make and have
Speaker 1: access to less, just so you can have even less
Speaker 1: than them. It's wickedness, it's evil, and it's unfortunate. That's
Speaker 1: why I don't go back and forth because what I
Speaker 1: look like like going back and forth with wickedness and evil. Child,
Speaker 1: you already know that's between you and whatever make it
Speaker 1: you be looking at because A kno the god I serve,
Speaker 1: I know that's right. So yeah, I just wanted to
Speaker 1: share that We're gonna take a quick break and when
Speaker 1: I'm back, we're gonna talk about like I met the
Speaker 1: Vice president. I take a picture of a video with her,
Speaker 1: and I'm gonna share she's on an economic tour. I
Speaker 1: just want to share you some core points and then
Speaker 1: you know, then we'll chatt agan.
Speaker 2: On for all right, we are back at Black and
Speaker 2: and Ever. Honey.
Speaker 1: Okay, So, just last week, before the announcement that our
Speaker 1: current president was not going to seek nomination, you know,
Speaker 1: I was able to go to the Vice President's residence
Speaker 1: alongside for the Black Business Leaders reception.
Speaker 2: It was pretty awesome. So I got the invite.
Speaker 1: I had been invited to do something with the vice
Speaker 1: president before, but I couldn't do it because I had
Speaker 1: something else speaking engagement I couldn't get out of. And
Speaker 1: so they invited me out again and I said, yes,
Speaker 1: I'd love to come, and so.
Speaker 2: So it was just like this whole hull of balloot.
Speaker 1: They were like, okay, when you come in, make sure
Speaker 1: you call us, and so you go through security, which
Speaker 1: of course is a lot of security, and then we
Speaker 1: want you to go to the left or instead of
Speaker 1: the right, because on the left that's why you get
Speaker 1: to take pictures.
Speaker 2: I said, not me being a VIP player. Hey, this degree.
Speaker 2: So your girl went to the left, to the left,
Speaker 2: to the left, everybody to the left. So went to
Speaker 2: the left.
Speaker 1: When I got there, I met my handler, if you will,
Speaker 1: Hay Morgan, and she was like, ooh girl, okay, you
Speaker 1: want to take picture with the Vie President.
Speaker 2: I said, sure do.
Speaker 1: She said, okay, you're going to go inside the house
Speaker 1: because the reception was in the garden in the back, which.
Speaker 2: Is beautiful, this beautiful pool. It was killed one over.
Speaker 1: She said, I'm gonna do a real about it, because oh,
Speaker 1: you know you can do you can always go to
Speaker 1: my highlights and see like my day it's called BP
Speaker 1: so like on ig So went to the back. She said, okay,
Speaker 1: this is the house. You're gonna go inside. They're gonna
Speaker 1: check your name. Of course, you know I'm probab whipped
Speaker 1: up my ID like five times. Once you get on property,
Speaker 1: you're gonna check your name, make su're on the list
Speaker 1: to be inside the house. In the end, you're gonna
Speaker 1: go to the next whatever stage, they're gonna check your
Speaker 1: name again. They're gonna give you this announcement card that
Speaker 1: has your name on it. Mine said, Tiffany, the budget
Speaker 1: lista influencer. I was like, I don't know about influencer.
Speaker 1: I prefer financial educator. But whatever, girl, we're not here
Speaker 1: to squabble bobble.
Speaker 2: Okay.
Speaker 1: So they said you're gonna get a card. The cards
Speaker 1: should be read, and I said, okay. She said, because
Speaker 1: you're not allowed to take your person obviously, so with
Speaker 1: just to meet the vice president and the second gentleman.
Speaker 1: But you, Tiffany, because your card is read, you could
Speaker 1: take your cell phone. I said, okay, So everybody can't
Speaker 1: take a cell phone, she said, because you know if
Speaker 1: you want to take a selfie, because they're like, girl,
Speaker 1: basically post, which I am at because I have planned
Speaker 1: to post anyway. So they were like, okay, take your
Speaker 1: phone with you. You can ask Madame Vice President, may
Speaker 1: I take a selfie with you? I said, girl, I
Speaker 1: was boll of times like this, so waited in line.
Speaker 1: Remember so you know Cynthia Bailey from Real Housewives of
Speaker 1: Atlanta and she was there.
Speaker 2: I was like, hey, saying this. She was really nice.
Speaker 1: Took a picture of her Valencia, she worked at Google
Speaker 1: and all these major places. Took a picture where her
Speaker 1: She's that's the home. Mean. Rohan Marley was there. Yes,
Speaker 1: Bob Marley's son. Yes, Lauren Hill's ex husband. And okay,
Speaker 1: like the joy of my license.
Speaker 2: In Zion his son, Yeah, dot Siam he was there.
Speaker 2: He was a the light.
Speaker 1: Okay, Lauren, girl, I can see honey because he was
Speaker 1: so fun, so fun.
Speaker 2: Took a picture of.
Speaker 1: It.
Speaker 2: Was just oh. Angie Stone was there. You know, black brother,
Speaker 2: I love you. Yeah, that Angie Stone. She was there. Beautiful.
Speaker 1: Everybody was really friendly and nice. First of all, can
Speaker 1: I say, like, you know you do the work, but
Speaker 1: you don't realize how far reaching the work is.
Speaker 2: The girls was coming up to me.
Speaker 1: I'm talking about from the photographer to the Black Chamber
Speaker 1: of Commerce CEO or presidents.
Speaker 2: Of their chapters to everyone. Oh my god, but you
Speaker 2: need you know you're this lobbyist.
Speaker 1: Young woman came up to me no less than like
Speaker 1: ten fifteen people were like, I just want to thank
Speaker 1: you for your work. I just want to thank you
Speaker 1: for your work. I was like me, oh me, not
Speaker 1: half me, but a hold me. So that was really
Speaker 1: heartwarming and really really heartwarming, you know. And I just
Speaker 1: took a ton of pictures with people who were just like,
Speaker 1: thank you so much. My friend Ty Alexander was on
Speaker 1: the one and two. She DJ'ed, so I didn't realize
Speaker 1: the fancy black don't be dancing because I was dancing.
Speaker 2: I was like, oh, just me, okay. Me and Rohan,
Speaker 2: who was the only one cut the step so we
Speaker 2: was like, I see you. He was like I see you.
Speaker 1: Locks I said, okay, he was there with his partner.
Speaker 1: We'll not to put his business out there sold let
Speaker 1: me not get him in trouble and so yeah, so
Speaker 1: it was a good time. So I got my announcement card.
Speaker 1: I go in and I was like, oh my god,
Speaker 1: so excited to me. I said, my mom is going
Speaker 1: to freak out what she finds out to meet you.
Speaker 1: And she said, well, your mom' should be so proud
Speaker 1: of you, I said, Madame Vice President. I went off
Speaker 1: script because as I ought to do, I said, Mandam
Speaker 1: Vice President keep saying on a video. She started laughing
Speaker 1: because she knows because her mother is of West India,
Speaker 1: is West Indian, so you know our foreign born mamas
Speaker 1: shall they can't wait to tell the auntie. So I
Speaker 1: whipped out my cell phone and I said, hey, mommy,
Speaker 1: I know I didn't go to law school.
Speaker 2: Hopefully this mixed up for it. And I panted to
Speaker 2: her and she said, hey, mommy, you should be so
Speaker 2: proud of your daughter.
Speaker 1: She's doing so good. Girl, I said, she is going
Speaker 1: to love this. We took a Celfie and then they
Speaker 1: have an official picture taker. They took our pictures and
Speaker 1: stuff like that. You know, I met the second gentleman.
Speaker 1: He was really nice, and then you know, want about.
Speaker 2: My business super dope.
Speaker 1: I even met this one woman who was like, oh
Speaker 1: my god, my god, I love you so much. And
Speaker 1: my friend was like, you know who that is? I
Speaker 1: said no, She said, that's Stevie Wonder's wife.
Speaker 2: He's Stevie Wonder's wife. She was so nice.
Speaker 1: I told her how my niece loved her husband and
Speaker 1: wanted to meet her. I told her, like the sweet
Speaker 1: story how Amelia was like, I want to meet him
Speaker 1: because we had saying her the Stevie one d version
Speaker 1: of the Birthday song, and then he had said.
Speaker 2: Kids can get that song. I thought that was just
Speaker 2: for adults, and I was like, yes, kids can get
Speaker 2: the Stevie Wonder version. She said, who's Stevie Wonder? Show
Speaker 2: me him? So I showed her on YouTube.
Speaker 1: She said, oh, I want to meet him. I said, girl,
Speaker 1: you cannot meet him, and she was like, look up
Speaker 1: where he lives, and so it showed that he was
Speaker 1: from Detroit, Michigan, and she she knows maps very well.
Speaker 1: She said, that's not that far. Can you call his
Speaker 1: mommy and see if he could talk to my mother?
Speaker 1: Her mother, who's my sister, to talk to mommy to
Speaker 1: see if I can meet him, which I thought was
Speaker 1: so cute. She's trying to get a play date with
Speaker 1: Stevie Wonder. So she's turning to she was turning seven,
Speaker 1: and so we looked up his mother because she insisted,
Speaker 1: and it turns out his mother passed away. And his
Speaker 1: wife was like, yes, you know, she was telling me.
Speaker 1: I said, yes, we know because we looked it up.
Speaker 1: And she got very sad for him that his mother
Speaker 1: passed away. And she was like, oh my god, that
Speaker 1: is so sweet. I'm going to tell Stevie that story.
Speaker 1: And it was funny because we looked up and said
Speaker 1: that he had seven children, and she was like.
Speaker 2: Seven kids. That's a lot of lunches to make in
Speaker 2: a morning, which I thought was hilarious. Oh my gosh.
Speaker 1: And then I had her do a video to Amelia
Speaker 1: where I said, hey, Amelia, guess who I met. This
Speaker 1: is not Stevie Willingder mommy, but this is his wife.
Speaker 1: And she's going to tell Stevie Wonder how much you
Speaker 1: love his song.
Speaker 2: And she was like, hi, Amelia, and she was so nice,
Speaker 2: and she said she's going to see it. Maybe he
Speaker 2: can make a video for her. Girl. The way Amelia
Speaker 2: be getting the things that she wants.
Speaker 1: Okay, we need to all take a lesson from Amelia. Anyway,
Speaker 1: I showed it to her and she was grinning from
Speaker 1: you know, ear to ear, which was so cute. So
Speaker 1: it was a time, honey id time with the fancy
Speaker 1: blacks down at the Vice President's residence. So one of
Speaker 1: the things I learned, so the Vice President maybe one
Speaker 1: day president, because you know, you never know. She is
Speaker 1: on this Economic Opportunity Tour and so she is going
Speaker 1: from all these different states across the country and highlighting
Speaker 1: the policies or how the policies of the Biden Harris
Speaker 1: administration have benefited the American people.
Speaker 2: Okay.
Speaker 1: And so it kicked off in April and she's been
Speaker 1: going ever since. And so here's some of the top highlights.
Speaker 1: Are you ready, Okay? So One, this administration has been
Speaker 1: making unprecedented investments in small businesses and achieving the fastest
Speaker 1: creation of black owned small businesses in more than thirty years,
Speaker 1: with the share of black businesses of in their tenure
Speaker 1: black business owners has doubled, which I thought was pretty incredible.
Speaker 1: So they've been doing more than thirty years, doing more
Speaker 1: than four years that has been done in thirty years
Speaker 1: because of their unprecedented investments. Also, this administration, according to them,
Speaker 1: created a record number of jobs, including two point six
Speaker 1: million jobs for black workers while achieving the lowest black
Speaker 1: unemployment rate on record and the lowest gap between black
Speaker 1: and white unemployment.
Speaker 2: That's tremendous.
Speaker 1: Also increasing the wealth of American families, with black wealth
Speaker 1: up by sixty percent relative to before COVID nineteen pandemic,
Speaker 1: representing the largest increase on record. Remember we talked about
Speaker 1: the black wealth gap or the wealth gap, the racial
Speaker 1: wealth gap, so this is helping to Their administration has
Speaker 1: been helping to on purpose to slim down that wealth gap. Also,
Speaker 1: this administration has increased access to capital for underserved.
Speaker 2: Communities while working to achieve a goal of.
Speaker 1: Increasing the share of federal contracting dollars to small disadvantaged
Speaker 1: businesses by fifteen percent fifty five zero by twenty twenty five,
Speaker 1: translating into an additional one hundred billion dollars to minority
Speaker 1: owned businesses. If you like me, I am women, I'm
Speaker 1: certified women own minority owned business and so having access
Speaker 1: to contracting dollars is critical and the fact that this
Speaker 1: is going to result in one hundred billion dollar infusion
Speaker 1: into minority owned businesses is tremendous.
Speaker 2: Also, before the block they.
Speaker 1: Have forgiven more student loan debt than any other administration
Speaker 1: in history, combined boosting investments and education, including giving a
Speaker 1: record seven billion dollar investment in HBCUs that's historically black
Speaker 1: colleges and universities, tremendous. They've also erased over five hundred
Speaker 1: million in medical debt to date with support from the
Speaker 1: American Rescue Plan. And also this is so critical because
Speaker 1: I'm pre diabetic. I just found out capping the cost
Speaker 1: of insolence for seniors, insulin for seniors, and expanding access
Speaker 1: to healthcare with tax credits that led to a forty
Speaker 1: nine percent increase in Black Americans who are enrolled in
Speaker 1: the Affordable Health Affordable Care Act Member that's Obamacare.
Speaker 2: So like capping that insul, I think it was I
Speaker 2: want to say it was like.
Speaker 1: Thirty five dollars because insulin. If you're a diabet because
Speaker 1: you don't get insolent, you won't be here. You won't
Speaker 1: be here, and it is possible that your medicine calls
Speaker 1: so much that you have to choose between sustaining yourself
Speaker 1: with life and food or sustaining yourself with medicine. So
Speaker 1: having that insolent cap because diabetes affects black populations far
Speaker 1: more than any other population. They've also been making housing
Speaker 1: more affordable and lowering childcare costs, securing a thirty percent
Speaker 1: increase in funding to the Childcare Development Block GRANT. I
Speaker 1: don't know, like right now, everybody tell me childcare is
Speaker 1: on the up and up. If there's a block grant,
Speaker 1: y'all need to google it to see what you can
Speaker 1: do for your babies, you know. And lastly, investing in infrastructure, roads, bridges,
Speaker 1: public transfers, transit, waterways, and more, including four billion to
Speaker 1: reconnect underserved communities that were previously cut off from economic opportunities.
Speaker 1: And so you know, like, according to the Office, Vice
Speaker 1: President Harris has been long focused on ensuring that minority
Speaker 1: and low income communities have capital and resources that they
Speaker 1: need to thrive.
Speaker 2: And so she had been meeting with a lot of
Speaker 2: business owners and entrepreneurs. And we hope that work continues.
Speaker 1: At the end of the day, at the black end
Speaker 1: of the day, we hope that work continues not just
Speaker 1: for black and brown people, but for all people. If
Speaker 1: I'm being honest, this is not all lives matter, but
Speaker 1: for all people. I saw this and I'm gonna end
Speaker 1: with this. I saw this woman say on Instagram the
Speaker 1: other day, I thought it was really poignant that what's
Speaker 1: good for black women end up being good for everyone.
Speaker 1: That It's like black women are like a thermostat that
Speaker 1: like when we are thriving, it means all the other
Speaker 1: people around us thrive. If you notice, when something happened,
Speaker 1: the first people to rally around are black women. Just
Speaker 1: last night, you know, once the President endorsed Kamala As
Speaker 1: you know, as his replacement for Democratic nominee, black women
Speaker 1: got into action and I was part of a historic
Speaker 1: call of forty four thousand black women on Zoom. There
Speaker 1: were so many women on Zoom they called the CEO
Speaker 1: of Zoom to lift how many people could attend, and
Speaker 1: even still, we were spilled over to clubhouse, we spilled
Speaker 1: over to.
Speaker 2: Google meets. Forty four thousand women.
Speaker 1: That call alone in three hours, raised a million dollars,
Speaker 1: and so far since then, over fifty million dollars has
Speaker 1: been raised for the we don't know who our vice
Speaker 1: president pick will be for the Kamalumn bid for presidency.
Speaker 2: That is the power of investing in.
Speaker 1: Black women that we lift as we climb, we create
Speaker 1: access and opportunity for everyone around us. It's not just
Speaker 1: about black women, but to help black women is to
Speaker 1: help everyone. And so there's so much at stake during
Speaker 1: this election coming up.
Speaker 2: I'm not gonna lie. Give me a lot of anxiety,
Speaker 2: a lot of nervousness, a lot of fear. I know
Speaker 2: a lot of you. Some people are calling me a sale.
Speaker 2: Oh you're a sellout for Kamala girl. What's the alternative?
Speaker 2: The hell is wrong with you? That's your boy? Orange
Speaker 2: go ahead says, Let's see how you faire. You know, like,
Speaker 2: what are we even talking about? What's the alternative?
Speaker 1: I get it, nobody is perfect, but you know what,
Speaker 1: I'd rather have access to my reproductive.
Speaker 2: Rights that have already been cirkailed. Project twenty five is
Speaker 2: not a joke. Literally, things are already in place where
Speaker 2: it's like this, what's gonna look like? Okay, I just
Speaker 2: don't understand.
Speaker 1: We can acknowledge that someone is not perfect and know
Speaker 1: the Lord what the alternative is is way worse.
Speaker 2: Okay.
Speaker 1: So I hope you get your mind right and get
Speaker 1: your vote right and decide that you're going to choose
Speaker 1: what is best for you, whatever that looks like. I'm
Speaker 1: not here to tell you who to vote for. But
Speaker 1: I'm here to tell you keep it cute when it
Speaker 1: comes to my comments.
Speaker 2: Because this girl I block.
Speaker 1: I'll see you on Friday. Hopefully this was a good
Speaker 1: lesson Again, do not forget. If you want what I
Speaker 1: just shared as far as student on debt relief, go
Speaker 1: to my IG. Type details in the real about my
Speaker 1: Capitol Hill briefing and I will send it to you
Speaker 1: for free in your DMS until Friday. Y'all.
Speaker 2: Bye,