Biden's Big Student Debt Announcement.
PITOTWIU for the Indebted Masses.
It’s here! It’s finally here! Today we review our predictions for student debt relief and square them with Biden’s proposed plan. There’s a lot to like about the announcement, several unanswered questions and some gaping holes in the plan going forward. Max breaks down the politics, the details and biggest misses of the Biden student debt relief plan and why it’s in danger of being PITOTWIU.
Show Notes
Clips
Episode Timestamp + Link | Clip Link
- 00:02:54 + 00:03:23 | Austin Powers: I Hate You
- 00:04:03 | Big Daddy: Horse Shit
- 00:04:47 | Sully: Can we get serious now?
- 00:04:59 | PBS NewsHour: President Biden announces decision on student debt forgiveness
- 00:07:57 | PBS NewsHour: President Biden announces decision on student debt forgiveness
- 00:10:59 | PBS NewsHour: President Biden announces decision on student debt forgiveness
- 00:11:49 | PBS NewsHour: President Biden announces decision on student debt forgiveness
- 00:13:37 | Team Four Star: I Have So Many Questions
Resources
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The Balance: How Much Trump's Tax Cuts Cost the Government
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World Population Review: Average Family Income 2022
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PBS NewsHour: President Biden announces decision on student debt forgiveness
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Committee For a Responsible Federal Budget: New Student Debt Changes Will Cost Half a Trillion Dollars
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Penn Wharton Budget Model: The Biden Student Loan Forgiveness Plan: Budgetary Costs and Distributional Impact
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Josh Mitchell: The Debt Trap: How Student Loans Became a National Catastrophe
UNFTR Episode Resources
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Corporate (Ir)Responsibility (Part I) and (Part II).
UNFTR Quick Links