Student loan bailouts are a major driver of the U.S. budget deficit, says Rep. Jodey Arrington
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- Опубліковано 5 жов 2024
- Rep. Jodey Arrington (R-Texas) joins CNBC's 'Squawk Box' to discuss the U.S. budget deficit, what policies may be contributing factors, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/42d859g
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Selective amnesia. The nation building wars in Iraq and Afghanistan had added trillions to our national deficit.
Same thing happened after Vietnam
A history of the top marginal tax rates on the wealthiest Americans:
1940: 81%
1950: 84%
1960: 91%
1970: 72%
1980: 70%
1990: 28%
2000: 40%
2010: 35%
I wonder where the deficit is coming from?👀
@@GeorgeSchneider8889Did you know Hitler was a Socialist who also wanted the Bourgeoisie to pay their fair share, sounds familiar, that's because that's exactly what y'all say. Who do you think the rich get that money from❓Hint Higher 💰 on everything
@@GeorgeSchneider8889 No need to wonder, it all is coming from the spending.
@@GeorgeSchneider8889 you know the federal income tax has yielded 17% of GDP irregardless of top income tax brackets (same yield from 90% to 35%), yes? It changes behavior. That’s ideology of how you want people to act not deficit related lol. Aside that, I can send you some economic papers that show government spending is not particularly related to tax incomes; quite frankly it means nothing.
Just gonna ignore all those unpaid PPL loans like they didn't even happen.
Yeah. pP business loans blew student debt deficit under Trump by huge distance
giving corporations and the wealth a $2+ trillion tax cut is driving the deficit
In 1965, ceo to employee salary ratio was 20.4
In 2021, that ratio was 389
Give me a break on student loan forgiveness!🤦♂️
Why they forgive my credit card debt as well, that would be fair. Trump is proposing free greencards for all graduates, much more effective measure that don't puts whole nation into more debt.
@@GeorgeSchneider8889it's a matter of fairness, yet you say nothing about Topone %of Left Donorsnow worth fifty-percent more, go figure
So y'all can learn from the Only Democrat President who actually cared about US🇺🇸ua-cam.com/video/aEdXrfIMdiU/v-deo.htmlsi=SRI1V6TA-TeiUUoY
A Real Progressive ua-cam.com/video/aEdXrfIMdiU/v-deo.htmlsi=SRI1V6TA-TeiUUoY
For clarification, what student loan forgiveness is being done that was not approved by Congress? The public student loan forgiveness plan was approved by Congress in the College Cost Reduction and Access Act of 2007 in a bipartisan manner and signed into law by a Republican President.
That's not what Nancy says ua-cam.com/video/b6HsT_TUvkU/v-deo.htmlsi=Hm1HUQxotXAuvcOq
And prepaid each year by entrants 10 years in future for pslf. A pslf loan forgiven in 2022 was pre paid tax and govt funding in 2012/13 congressional budget
Is this Fox?
That's what I thought hearing this host, had to double check what channel I was on.
CNBC needs to learn from Desantis. People will never go for a copy if they have access to the original 🤷♂️
I know, I've never seen sooooo many RINOs&Dems, as you may know no self respecting conservative watches RINO News, excuse me 🦊 News
1/2 the audience are on the Left, the other half likewise RINOs, No self respecting "Right" person watches RINO News, excuse me 🦊 News
That’s just dishonest
NBC is as far left as you get
From 2000 to 2024, $5.5T was spent by corporations in stocks buybacks instead of being reinvested into creating new jobs. Those buybacks were tax free until 2023 where they were taxed 1%
@@GeorgeSchneider8889Corporation don't pay taxes they collect them from US🇺🇸, the more Uncle Sam squeeze them, the more Corporations squeeze US🇺🇸 Duh
Meanwhile this guy votes to give billions to foreign countries.
How about the wars and Defense Spending throw up the chart 📈 on that
Too bad playing world police and sending billions of dollars to the other side of the world is the real driver. Oh and corporations, religious organization and super wealthy not playing taxes. Those are inconvenient for the people making decisions so they can't blame those.
Please, let’s not forget all of the equipment that was left behind in Afghanistan, as one of many examples. Bought and paid for by the taxpayers and we just walked away from that. Stop charging interest on student debt but it still should be paid back.
It would have cost more to bring it back than it was worth. Lay this at the big orange duck feet of Trump who set the date and terms.
@@bongobrandy6297
Trump, HA! He’s one of the three stooges without the other two. This is the man who said he was handed a terrible economy when Obama left him a pretty good economy. If he does get back in, we will surely see the emperor has no clothes. What’s he going to do when he really has to do some real work at fixing something.
Thanks trump for agreeing with the Taliban they can have all that equipment and that whole country we wasted trillions on.
Thank God for CNBC! The only news station that is unbiased.
why are we still in a covid emergency? I thought the pandemic was over?
Peace time deficit? Forgot all about military spending in Ukrainian and Israel. 8x more than student debt relief.
Bot your IP address is noted
What about mentioning
1. The trump tax cuts
2. The military budget
"We are on an unsustainable track", he said.
17 cuts for EVERYONE paid for themselves if you actually look at Increased Revenues afterwards, same results as early 60's same circumstances
@@TorukMaktoDracarys Some people got more from those cuts than others. I can tell you, the people that got more were not the ones in student debt. Also, you did not say anything about military spending. Do you have a talking point for that one too?
@@cihant5438 Things are sooooo bad right now that even if you cut Entire military&discretionary spending you still fall short of a balanced budget, we can only grow our way out like nine teen6 3, you can listen to 62/63 Tcuts speeches here on the Tube
@@cihant5438 Solution ua-cam.com/video/ilcrN8-sj4o/v-deo.htmlfeature=shared
@@cihant5438 ua-cam.com/video/ilcrN8-sj4o/v-deo.htmlfeature=shared
Paying off someone elses loan debt with my money has got to stop!!! Biden has got to go!!! I pay my debts and other people can do like wise. In fact learning to live responsibily by paying your debts is part of a good education!
Calm down boomer. No one wants to pay for your medicaid or social security checks either
We the people demand a mortgage forgiveness
Don't make the loans guaranteed. And we won't have this problem.
Don’t forget Trump pushed PPP business loans included 6 trillion. Student loan debt forgiveness under Biden 2 trillion
huh so an educated masses is a financial problem, not the corporate bailouts over the past 20 years? Remember us educated middle aged people grew up watching you lot do the bail outs while assuring us that the cost of college was justified and the loans would be covered in the end no matter what. Good for thee but not for we eh.
Don't forget about DJT he added 8.2 trillion
Trump 2024
For prison
Is he going to give Afghanistan to the Taliban again?
@@youtuby014 that was Biden genius
Whether right or wrong, this is a dishonest way of arguing
Wake up. And do your research. The dishonest tongue-waggers are the democratic politicians who are intentionally moving the USA toward Marxism.
Wake up. Do your research. The dishonest tongue-waggers are the democratic politicians who are intentionally moving the USA toward Marxism.
How sad that you can't face the truth. Wake up. Do your research. The dishonest tongue-waggers are the democratic politicians who are intentionally moving the USA toward Marxism.
This is a disgrace. They are absolutely lying in this segment. Wow.
It’s getting real bad
No. You are finally hearing the truth.
We need to tax Texas a flat 25% of GDP every time one of the guns sold there is used in a crime in another state . They would be bankrupt in a month .
Retire Joe and be independent and not show your right wing biases!