RUSH TRANSCRIPT Logan Thank ░░░░░░░░ very much here Were ░░░░░░░░ Executive director of the ░░░░░░░░ payers protection alliance Patrick ░░░░░░░░ and distinguished professor at ░░░░░░░░ university they rose about ░░░░░░░░ thing I ll start ░░░░░░░░ you one of the ░░░░░░░░ that goes back to ░░░░░░░░ two thousand and three ░░░░░░░░ they wrote in to ░░░░░░░░ bill that a the ░░░░░░░░ Branch essentially could wave ░░░░░░░░ modify these loans And ░░░░░░░░ and and that seem ░░░░░░░░ be what the liberal ░░░░░░░░ today we re pointing ░░░░░░░░ well that s exactly ░░░░░░░░ they wanted to happen ░░░░░░░░ are your thoughts So ░░░░░░░░ was a post nine ░░░░░░░░ measure and it s ░░░░░░░░ was when we re ░░░░░░░░ soldiers over to fight ░░░░░░░░ war on terror that ░░░░░░░░ should not be defaulting ░░░░░░░░ their student loans So ░░░░░░░░ remember that the emergency ░░░░░░░░ was in that context ░░░░░░░░ it also refers to ░░░░░░░░ disease but they refer ░░░░░░░░ specifically military and other ░░░░░░░░ emergencies You re quite ░░░░░░░░ liberals are saying well ░░░░░░░░ pandemic was an emergency ░░░░░░░░ difference However I think ░░░░░░░░ scope and scale of ░░░░░░░░ forgiveness program is just ░░░░░░░░ mammoth over forty million ░░░░░░░░ half a trillion dollars ░░░░░░░░ clearly in today s ░░░░░░░░ Court argument the court ░░░░░░░░ moved by that that ░░░░░░░░ it comes to that ░░░░░░░░ the major questions doctrine ░░░░░░░░ with a constant political ░░░░░░░░ economic matters A great ░░░░░░░░ you have to get ░░░░░░░░ authorization remember Congress is ░░░░░░░░ Has the power over ░░░░░░░░ purse spend being taxing ░░░░░░░░ and this is a ░░░░░░░░ amount of money that ░░░░░░░░ done without any caught ░░░░░░░░ authority and the Supreme ░░░░░░░░ conservative certainly we re ░░░░░░░░ that way and they ░░░░░░░░ also making a fairness ░░░░░░░░ Why should these loans ░░░░░░░░ canceled when other people ░░░░░░░░ took private loans don ░░░░░░░░ get cancelled or other ░░░░░░░░ of Loads that people ░░░░░░░░ during the pandemic that ░░░░░░░░ t get cancer yeah ░░░░░░░░ or the exact executive ░░░░░░░░ at the taxpayer protection ░░░░░░░░ How will this play ░░░░░░░░ for regular tax payer ░░░░░░░░ taxpayers may be thrilled ░░░░░░░░ they re getting their ░░░░░░░░ learned that s erased ░░░░░░░░ who was really paying ░░░░░░░░ that and how will ░░░░░░░░ affect other Americans Yeah ░░░░░░░░ you for having me ░░░░░░░░ couldn t think of ░░░░░░░░ more counterproductive policy approach ░░░░░░░░ this issue because what ░░░░░░░░ re doing is essentially ░░░░░░░░ to paper over the ░░░░░░░░ problem which is inflation ░░░░░░░░ intuition and that s ░░░░░░░░ being driven by the ░░░░░░░░ that the federal government ░░░░░░░░ subsidizes higher education through ░░░░░░░░ loans So you have ░░░░░░░░ taking out six figure ░░░░░░░░ I discounted interest rates ░░░░░░░░ colleges and universities responded ░░░░░░░░ by raising tuition so ░░░░░░░░ get trapped in sort ░░░░░░░░ this vicious cycle and ░░░░░░░░ forgiving These loans then ░░░░░░░░ means that you are ░░░░░░░░ constituency going forward of ░░░░░░░░ who will expect at ░░░░░░░░ point that parts of ░░░░░░░░ loans or the and ░░░░░░░░ of their loans will ░░░░░░░░ forgiven and they may ░░░░░░░░ interested or incentivize That ░░░░░░░░ take on more debt ░░░░░░░░ which the colleges and ░░░░░░░░ will respond by continuing ░░░░░░░░ spend recklessly building water ░░░░░░░░ as we ve seen ░░░░░░░░ some of them and ░░░░░░░░ tuition and not in ░░░░░░░░ immediate impact years that ░░░░░░░░ is an inflationary policies ░░░░░░░░ like putting money in ░░░░░░░░ pockets That s exactly ░░░░░░░░ of the one of ░░░░░░░░ point out to this ░░░░░░░░ t a business discussion ░░░░░░░░ but I cover business ░░░░░░░░ the idea that like ░░░░░░░░ at the drop of ░░░░░░░░ have to be half ░░░░░░░░ trillion dollars in pumped ░░░░░░░░ the economy pantry just ░░░░░░░░ dress that for a ░░░░░░░░ Yeah absolutely I mean ░░░░░░░░ we re still dealing ░░░░░░░░ the impact of inflation ░░░░░░░░ the pandemic in this ░░░░░░░░ a purely inflationary policy ░░░░░░░░ that s going to ░░░░░░░░ great for a few ░░░░░░░░ folks that have that ░░░░░░░░ back in their pockets ░░░░░░░░ that means more money ░░░░░░░░ they re spending on ░░░░░░░░ and services that they ░░░░░░░░ t previously have inflation ░░░░░░░░ very simple problem right ░░░░░░░░ s more money chasing ░░░░░░░░ goods and services and ░░░░░░░░ s what you would ░░░░░░░░ Five year again injecting ░░░░░░░░ and in even in ░░░░░░░░ terms right four hundred ░░░░░░░░ five hundred that of ░░░░░░░░ trial and pain from ░░░░░░░░ legal standpoint I m ░░░░░░░░ about one minute left ░░░░░░░░ it up for it ░░░░░░░░ our thoughts so Katrina ░░░░░░░░ year you may remember ░░░░░░░░ your show we talked ░░░░░░░░ number of cases One ░░░░░░░░ vaccine mandate for large ░░░░░░░░ the osha requirement when ░░░░░░░░ came to of the ░░░░░░░░ moratorium on addictions of ░░░░░░░░ These matters that in ░░░░░░░░ end of the day ░░░░░░░░ Supreme Court said was ░░░░░░░░ the authorization of the ░░░░░░░░ Branch So this cancer ░░░░░░░░ Court is not averse ░░░░░░░░ rejecting the executive Branch ░░░░░░░░ overreach when it thinks ░░░░░░░░ it s treading on ░░░░░░░░ territory of Congress We ░░░░░░░░ three times last year ░░░░░░░░ this might be the ░░░░░░░░ while okay Patrick Hedger ░░░░░░░░ rose about Thank you ░░░░░░░░ someone that boris Thank ░░░░░░░░ So much.