Tucker: A generation of Americans enslaved to debt

Tucker: A generation of Americans enslaved to debt


THAT HALF OF MILLENNIALS DISTRESS CAPITALISM. 70% OF MILLENNIALS BE WILLING TO VOTE FOR A SOCIALIST. IF YOU WANT SHOCKED BY THIS, IT’S BECAUSE YOU HAVE SEEN IT BEFORE. POLLS LIKE THIS APPEAR TO BE EVERYWHERE ALL OF A SUDDEN. THAT OUGHT TO SCARE YOU. IT’S TAKING THIS 250 YEARS TO BUILD THIS COUNTRY. WE CAN WRECK IT IN A SINGLE GENERATION. AT THIS RATE, WE WILL. POLLS LIKE THIS PREDICT A LOOMING DISASTER. IN ORDER TO PREVENT THAT, WE NEED TO BE CLEAR ABOUT WHAT HAS GONE WRONG. YOU OFTEN HEAR IT SAID THAT YOUNG PEOPLE SUPPORT SOCIALISM BECAUSE THEY HAVE BEEN BRAINWASHED BY THEIR PROFESSORS. OF COURSE, THERE IS TRUTH TO THAT. IF YOU’VE GOT KIDS IN COLLEGE, WE LET THE MOST VITAL JOB IN AMERICA, EDUCATING THE NEXT GENERATION OF CITIZENS, TO SOME OF THE MOST MEDIOCRE PEOPLE IN SOCIETY. THAT’S A HUGE PROBLEM. WE NEED TO FIX IT. BUT BELIEVE IT OR NOT, IT’S NOT THE MAIN PROBLEM. THE MAIN PROBLEM, THE REASON THAT CAPITALISM INCREASINGLY IS DISCREDITED AND SOCIALISM IS INCREASINGLY POPULAR, IS THAT OUR CURRENT SYSTEM IS MAKING YOUNG PEOPLE POOR. GO TO COLLEGE, YOU’LL BE SUCCESSFUL IF YOU DO. BUT TOO OFTEN, THAT ADVICE IS OUTDATED, IF NOT AN UTTER LIE. HUGE NUMBERS OF OUR KIDS WIND UP IN IMPOVERISHED BY THE EXPERIENCE OF COLLEGE, THEIR DREAMS AFFORDED FOREVER. THE REASON FOR THAT IS DEBT. 45 MILLION AMERICANS NOW LABOR UNDER STUDENT LOANS BY THE AVERAGE DEBT BURDEN IS $37,000 PER PERSON. THAT’S THE PRICE OF A BRAND-NEW CAR. IMAGINE STARTING YOUR FIRST JOB WITH THAT HANGING OVER YOU. KEEP IN MIND, COLLEGE DEBT ISN’T LIKE ORDINARY DEBT THANKS TO WELL-FUNDED LOBBYING CAMPAIGNS, STUDENT LOANS CANNOT BE ERASED BY BANKRUPTCY. THEY LAST FOREVER. MANY OF TODAY’S COLLEGE FRESHMEN CAN EXPECT TO SPEND THEIR WORKING LIVES INTEREST ON LOANS IN THE END THAT DIDN’T HELP THEM AT ALL. NO WONDER YOUNG PEOPLE AREN’T GETTING MARRIED OR BUYING HOMES OR HAVING CHILDREN. THEY CAN’T AFFORD TO. AND NO WONDER SO MANY OF THEM SUPPORT BERNIE SANDERS AND LISBETH WARREN. IF THIS IS CAPITALISM, THEY DON’T WANT ANY PART OF IT. THE IRONY, OF COURSE, IS THE ONLY PEOPLE BENEFITING FROM THIS CURRENT SYSTEM ARE ON THE FAR LEFT, THE COLLEGE PRESIDENTS WITH MULTIMILLION DOLLAR SALARIES. THE AUTHORITARIAN UNIVERSITY ADMINISTRATORS AND THE SUDDENLY UBIQUITOUS DIVERSITY AND INCLUSION OFFICES. THE TENURED PRESSERS DOWN THE PROFESSORS OF NONBINARY FEMINIST POETRY AND OTHER FAKE ACADEMIC DISCIPLINES. WITHOUT QUESTION THE LEAST IMPRESSIVE PEOPLE IN THIS COUNTRY. AND YET THEY ARE THE ONLY ONES COMING OUT AHEAD OF THE DEAL. THEY ARE FEASTING ON OUR CHILDREN’S DEBT. AN ENTIRE GENERATION OF AMERICANS ENSLAVED TO INTEREST PAYMENTS SO THAT A SMALL NUMBER OF LEFT-WING ACADEMICS CAN HAVE LIFETIME EMPLOYMENT MAKING THIS COUNTRY WORSE. THAT’S THE ARRANGEMENT WE’VE STRUCK. AND FOR THE REST OF US? SOCIALISM FOR THAT’S WHAT WE ARE GOING TO GET OUT OF IT IN REACTION TO IT. THERE’S GOT TO BE A BETTER WAY TO DO THINGS. SOME ON THE LEFT PROPOSE FOR GIVING STUDENT LOANS ENTIRELY, WHICH IS TO SAY STICKING AMERICAN TAXPAYERS WITH THE BILL FOR ALL OF THIS. IF THERE IS ONE THING THAT CAN MAKE A TERRIBLE SITUATION EVEN WORSE, IT’S THAT. TAXPAYERS DIDN’T CAUSE THIS PROBLEM HERE THEY SHOULDN’T BE PUNISHED ANYMORE THAN THEY ALREADY HAVE BEEN. THE CORRUPT HIGHER EDUCATION ESTABLISHMENT CONCOCTED THIS SCAM. THEY SHOULD PAY TO FIX IT. HARVARD’S ENDOWMENT IS $40 BILLION. YALE’S ENDOWMENT IS 30 BILLION. LET’S START THERE. WHAT’S CLEAR IS WE NEED TO MOVE THE CRASHING FINANCIAL BURDEN OF STUDENT DEBT OFF THE SHOULDERS OF MIDDLE-CLASS FAMILIES AND 22-YEAR-OLDS AND BACK TO THE PEOPLE WHO HAVE GOTTEN RICH FROM IT. THAT’S AN IDEA THAT EVERY SENSIBLE PERSON CAN SUPPORT. IN FACT, THERE’S A BIG POLITICAL PAYOFF OR ANY POLITICIAN WISE ENOUGH TO ADOPT IT. THE CANDIDATE THAT PROMISES COLLEGES TO EASE THE STUDENT LOAN BURDEN WITHOUT QUESTION WILL BE THE NEXT PRESIDENT OF THE UNITED STATES. IN SAMUEL HAS BEEN A GREAT DEAL OF TIME IN ACADEMIC AMERICA. A FORMER SUPREME COURT CLERK AMONG OTHER THINGS BUT THANK YOU FOR COMING ON. BECAUSE A SMALL GROUP OF GREEDY,

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