Latest episode of The Great America Show: A Mid-Day Update for Tuesday, April 22, 2019. American taxpayers no longer will be forced to serve as collateral for irresponsible student loan policies. Former Sen. Bob Menendez is found guilty on all 15 federal counts in a sweeping bribery and corruption case. President Trump blocks the deportation of Venezuelan illegals. Rep. Don Bacon calls for Trump to fire Defense Secretary Pete Hegseth.
00:00:00.000Hello everybody, I'm John Fawcett with this Great America Show midday update for Tuesday, April 22nd.
00:00:05.760American taxpayers no longer going to be forced to serve as collateral, that's right.
00:00:10.920Breaking news, the education department blowing a massive hole in the Biden student loan bailout program.
00:00:16.740Education Secretary Linda McMahon said the Biden administration, quote,
00:00:20.300misled borrowers when it canceled student loans.
00:00:23.840Biden, of course, canceling $136 billion in student loans,
00:00:27.900forcing the average wage earners to pay for other people's student loans.
00:00:32.320Education Secretary Linda McMahon saying no more.
00:00:36.320The American taxpayers are no longer going to serve as collateral for irresponsible student loan policies.
00:00:43.020Department of Education will begin collecting payments on defaulted student loans on May 5th.
00:00:48.600The new policy will impact an estimated 5 million borrowers who have not made any monthly payments since March of 2020.
00:00:56.280Federal student loan payments were halted in March of 2020 because of the COVID pandemic.
00:01:01.760Payments were set to resume in October of 2023, but millions of borrowers are still in default.
00:01:07.960All thanks, folks, to the Biden administration.
00:01:10.760Now, the Biden administration used a series of workarounds to circumvent the Supreme Court's decision
00:01:15.400to strike down his student loan bailout program.
00:01:18.600You all recall Joe Biden unilaterally announcing a massive forgiveness in August of 2022 to buy the Gen Z and millennial votes in the 2022 midterms.
00:01:29.560Biden then canceled over $400 billion in student loans.
00:01:32.600That turned out to be about $10,000 in student debt for borrowers who earned about $125,000 a year or less
00:01:40.320and up to $20,000 for recipients of Pell Grants.
00:01:43.980Folks, the Biden administration mean to destroy America and destroy America.