Tip:
Highlight text to annotate it
X
the progressive policy institute on released local reporter
with you release reported on behalf of the supplies to the ballots this to loan
debt crisis in america on not afford to get into
this assistance of that report and sort of what's that report and what the
policy solutions that which is what p_p_i_ does
time apostles is let's not talk about how do we get here how do we how does a
bubble
or i guess balloon
when whichever way one described the palm come into being
that baker a question and i'll update the work that way ticket that exactly
that way that i i i think about it because i don't think any birthday cake
that if we are proactive and thinking about didn't bat an intrepid now we can
be played at really now
that's great combat thank you very much for having me on tonight i think you can
get is a really important issue
and it's pretty employ a think about how we got here and i think frankly you've
got humongous driving tuition integrity seventy two percent over the last decade
an epic same time you've got a college student that are experiencing falling
real earning so they're really earning have fallen fifteen percent over the
last decade for the famed period about ten thousand dollars annually feather
left likely to be able to play it
and you would do well and that that
bite that you can't get charged he plugged in bankruptcy like you can any
other allowing and you kind of guy here love
acting opinion that you've got
except that that
and you've got
left ability to pay for it and for you end up with a lot but student debt so
that power at a trillion dollars and counting
well wham
missing justice in the loop the more in depth of live it is not as you've heard
a lot of a *** is a lot of experts all live
you know a global
on that and much of the housing crisis was a bubble
why is this term
owned debt crisis is not quote unquote above all
more syllables
well i actually think it
it gave a pipe up bob although i think it's a bull winning because of how we
can slowly deflated if we eat the right
program director collette the patrol only because it right now it's one
trillion dollars but
it used or that allowed student to refinance their debt you know maybe
given the haircut you can't slowly repeat that ex-patriot caine slowly
reduce that bird into them so it doesn't have to be
anti-corporate hit you can you know if there are ways that we can respond
simply reduce their bertin locally in a way that manageable for them in a way
that we can
you know pay that off that being that actually think that it's worth
than the typical bubble because you've first of all you've got nothing flavor
of a bubble of the fact that you've got this artificial value on that been
creeping fluctuation and then you need to do it by low cost money and that
government eight and the government has it can't try to really have no choice
but the ones you got money art
essentially arguing against every equal access and opportunity if they would be
really it kind of of uh... rapidly here that is you really can't do much of bab
and then you at in the fact that the other on crier lifeline you have
know-how that you can go we claim no boats
um...
and you can't get charge it lands in bankruptcy
it basically saying that you know if you don't do anything now if the yet go bad
you're gonna take up a one hundred percent head because there's nothing you
can do to compensate there's no collateral underneath the plant