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TRANSCRIPTEnglish

Biden JUST Failed us... Cancelling Student Debt

3m 56s700 words126 segmentsEnglish

FULL TRANSCRIPT

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but it's no surprise our government has

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failed us again biden promised that

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he would forgive ten thousand dollars of

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student

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debt ten thousand dollars of student

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debt are gone there were even rumors

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that maybe it would be as high as fifty

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thousand dollars but

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that was regularly refinanced no no no

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the goal is

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ten thousand dollars of student debt

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will get waived well unfortunately

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today in joe biden's annual budget his

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proposed budget joe biden has

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not included ten thousand dollars of a

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student debt cancellation that means

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no student debt cancellation on top of

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that right now joe biden is waiting for

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the department of education and the

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department of justice

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to let him know if he even has any power

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to potentially still forgive that ten

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thousand dollars of student debt

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but based on preliminary research and

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expectations we do not expect

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the department of education or

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department of justice to give joe biden

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the authorization

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via any form of executive power to

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remove ten thousand dollars of student

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debt

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plain old english ten thousand dollars

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of student debt forgiveness ain't

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happening

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which is really unfortunate now there is

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potentially still an avenue

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to get it done and that would be with

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congress which the first thing i thought

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about with congress was wait a minute

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well if congress can get it done maybe

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democrats will just be able to slide

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this through

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in budget reconciliation budget

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reconciliation only requires

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51 votes given that democrats have 50

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seats republicans have 50 seats kamala

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harris

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democrat can break a time as long as all

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democrats are on board

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you could in theory have student loan

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cancellation of ten thousand dollars

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using just democrats in congress

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unfortunately joe manchin has already

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said he does not favor using budget

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reconciliation

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for any kind of infrastructure or budget

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resolution going forward

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that he wants to work with republicans

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and republicans have already made it

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clear that they do not expect

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to pass any form of student debt

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cancellation

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now this does bode well for those folks

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who don't want to see any changes

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to the donald trump 2017 tax code

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changes to 1031 exchanges or some of

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other

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or some of the other joe biden proposals

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on taxation

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but here's what it clearly highlights it

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clearly highlights

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that what we need is a reformed school

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system in our country and this is

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something that

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as a candidate for governor in

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california i'm a huge fan of

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in fact one of our top emergencies that

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we seek to declare

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is creating future schools future

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schools are schools where

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instead of us learning a traditional

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education starting at 14 years old

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we go or have a choice to go to a future

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school so this gives somebody the

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opportunity to go to a school

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that combines vocational training which

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is kind of like trade school

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with college with high school and with

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financial education

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so that way by 18 years old if somebody

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wanted to go to a future school

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they can graduate with a career

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at 18 with no debt and at no

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cost to them this is exactly why we have

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to operate at the state level so

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if you are looking to see change in the

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united states whether or not you live in

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the united states

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help me make california an example for

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the rest of the united states

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so we can get future schools throughout

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the country and we'll start

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with california go to meetkevin.com

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donate

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support the campaign to recall gavin

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newsom so we're going for yes

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on recalling gavin newsom and yes on

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meet kevin paffrauth for governor

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again go to meetkevin.com donate to

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support the cause

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we do not expect to see student loan

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debt cancelled

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in the united states any form of it ten

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thousand dollars fifty thousand dollars

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of it

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expecting none of it to get cancelled

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and instead we just need to work on

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fixing

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schooling and that's exactly what my

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plan does

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in the state of california again go to

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meet kevin.com

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donate to support the campaign thanks so

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much and we'll see in the next one

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[Music]

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you

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