This clip of Charles Payne during Obama's second term is really incredible. Well done Charles.
In 2010 Obama put the federal government directly in charge of lending money to students. Eliminating private lending made the loans much easier to get, but they were not less expensive.
Before Obama took office, outstanding student debt was less than $100 billion. By 2015, outstanding student debt was approximately $800 billion and almost a third of the borrowers were in default. Of course the price of college continued to soar the entire time.
This is the best part. Payne predicted that someday the politicians would be promising to forgive student debt as a way to buy votes. He was spot on.
There are people like Ro Khanna on this site right now arguing that Elon Musk should be paying down the student debt when it's a problem that politicians created.
Oh wow, another “milestone in our cooperation”! Nothing builds unbreakable strength quite like piling on more languages, regulations, and cultural diversity—classic Tower of Babel 2.0. United in one digital vision? Nah, let’s confuse the tongues on AI and data governance instead. What could possibly go wrong with transatlantic bureaucracy, translation errors, and clashing priorities? Peak resilience, folks. 🇪🇺🇧🇷