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All student debt that's one demand for those protesters who gets so much attention.
And President Obama has decided to revoke their debt or at least to forgive all student debt after twenty years used to be 25 years.
He's also taken steps -- lower the students' interest rate.
Of course someone else has to pay for that and as usual that someone else is you.
So I say that's wrong but Newsday columnist Ellis Henican says it's right.
Why is it right.
Well because in a way John we who -- made doing our social compact with these kids we told them.
Do with every you have to do get a college education when you get out school.
You gonna be often have the opportunity to -- about.
A solid career that will enable you to get started this as an adult and indeed to pay off these loans you know why didn't -- that -- -- -- course politicians and -- lying to them.
Well -- -- they -- a lot of -- the deal culture in general this is sent that message to young people for generations and for those generation Jewish true but you don't want.
It's not truly want some of those kids -- -- -- Hold a second if I have this ball and chain of dead around -- -- never get a deal would give my -- who started this is a problem we need to face.
Why would I loan if I knew -- the government might come in and say.
We're gonna change the rules that this deal well -- -- listen clearly.
Individual responsibility is important value here and kids and -- come on you'll notice on a coming out -- forgive every single nickel student loans but I do think.
That we need to take that and.
A new look at this thing I propose the opposite of that is a new look how much saying you know.
We've been loaning all these kids money many of them shouldn't even be in college because we loan this money college costs are way up in fact we have a -- -- them.
Because of all these government handouts and an easy loans.
The cost of college has gone up at four times the rate of inflation we complain about health care costs.
That they've gone up twice the rate of inflation college is up four times the colleges have become country clubs because of these -- -- -- -- -- -- -- but let us into.
Do we really want the consequences of following you with what what it's all good colleges become.
Only a place with a super wealthy can syndicate will have we'll have don't kids of rich people filling Princeton and Yale and Harvard.
And middle class kids hard working Smart panel to kids who depending on these loans.
Maybe we'll just have to say too big colleges only for the Ricci case.
I don't think that's gonna happen there are still plenty of loans out there and if a bank looks -- you and says you know.
This is a Smart kid he's gonna have a good job and paid respect the unemployment rate for college grads is just 5%.
And they're emitting far -- people how about ugly people and short people they make less -- -- -- -- -- forgive their loans to know.
Listed multiple life is tough all over no no no doubt I got this and it's -- stuff that you -- to put but I.
I think that we ought to be able to find some middle ground to somewhere between pages forgive everybody kids to bed don't pay a few debts and no matter how responsibly you want no matter how hard you work tool bed would never come in for -- We are partly responsible business that we responsible for saying keep your promises this is a contract.
I -- some of these kids.
The loans were so easy they don't even know.
What they're -- and at Virginia Tech they advertise dining hall service lobster in London broil -- Arizona State they brag about there.
-- 20000 foot community center with the movie theater in pools.
Colleges and become country clubs.
Because we're too generous with taxpayer money well okay -- Fiona Apple we don't want the of the time that happened right we don't want it only to be the super affluent kids in those schools affording the sentiment is what's gonna happen if you don't give kids.
A reasonable -- work card.
Pay you -- responsibly.
And you want to -- you pay your bill -- possible then -- will reward you may give you will help along the way.
-- -- -- that reward comes at the expense of taxpayers.
And the banks I don't know why bank would lend money.
Ellis before you go I just want to mention that last time you appeared on the show yeah.
The other guest was Herman Cain Arizona leading in the polls for the Republican presidential nomination in this.
Clip but he wished her mouth wide open has been circulating.
On TV shows and all over the Internet -- I'm pro life period if a woman is a great.
She should not be allowed to end the pregnancy that's her choice that is not gonna -- -- look.
I support -- -- conceptual abortion should be legal no abortion should not be legal I believe in the sink to their life.
I'm not getting I'm I'm not understand chop big oil and she it would it if it's her choice that means it's legal no.
The -- but I still don't really understand what happened in the camera happened to cut to you -- the moment when you -- But ahead.
Look at in your.
John do not invite you and your show if you do not want my honest reactions to things that I -- you have but that well I appreciate you're honest reactions thank you Ellis.
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