Skip to main content

tv   Lou Dobbs Tonight  FOX Business  February 23, 2014 11:00pm-12:01am EST

11:00 pm
uncle sam to bankroll a project. the idea stinks'. good evening, everybody. president obama seems to have settled into his rule by fiat. today, he advanced his global warming agenda ordering new fuel er long list of decrees which theresident bypasses congress. also, protest turning violent and deadly on the streets of kiev as antigovernment demonstrators go to police, over a dozen are dead. the conict reach add political point. is the u.s. government negotiating with terrorists or not? report that is negotiations e
11:01 pm
under way for the release of the remaining o.w. in afghanistan. the taliban demanding the release of guantanamo bay terrorist. president obama using an executive order for the global warming agenda. the president ordering the e.p.a. to develop new fuel efficiency standardsor heavy duty trucks. the president making good ongoing around congresso act on his own. he took a moment to brag about his recent actions. >> oer the past the weeks, i required federal contractors to pay their employees a fair wag of at least $10.10 an hour. i ordered an across the board job training programs and create something we call my r.a. we brought together business leaders to help more unemployed americans find work no matter
11:02 pm
how long they are looking. i'm eager to work withth congre when i can. when i can work on my own, i'm going to dthat. >> what is unclear is how this helps grow the middle class. the white house admitting they had no idea how many employees federal contractors have earning the minimum wage while, at the same time, claiming they were helping, quote, hundreds of thousands of american workers, end quote, without any imper cal evidence of the kind. we do no this, 2% of the labor force earns minimum wage or less. the congressional budget office reported raising t minimum wage to all americans to $10.10 an hour would kill jobs, not create them. the report reading once implemented in 2016, the $10.10 option would reduce employment by 500,000 workers and we should
11:03 pm
point out the cbo acknowledged this is oy an estimate and a rough one at best. joining me now is monica owley, michael goodwin, both fox news contributors. it's great to have you both here. monica, quickly, the idea, we have seen a flurry of communications fromapitol hill saying the cbo is out of its mind on ttis estimate. that ruffled a few feathers. >> the democrats loved the c when they came in under $1 trillion, which we know is a super lowball estimate. they had to go back and re-estimate how much it's going to cost. they loved the cbo then. now, not much. they are condemnations of thi this latest report comes on the heels of the last cbo report last wwek or two weeks ago say
11:04 pm
thag obamacare was going to cost us 2 millionobs to 2.5 million jobs. it ties into the same general policy. >> michael, this administration commitd to this rule by fiat now. other presidents have used and used some of them more than th. there is a declaration on this president that he means to go around congress with these orders and actions, which sets him apart from the previous presidents. what do you think the results -- ere are we headed with this? >> i'm struck by the president saying i'm eager to wk with congress when i can meaning when i want. this is the greatest failure of the obama presidency. the policies are rot ton, but the refusal to negotiate with things he can't t. it's either my way or the highway on everhing. as you say, he's now actively looking for areas that he can
11:05 pm
use executive order and some of these things may be thrown off by the courts eventually. in the meantime,e are now passing through into a new kind of presidency where acting as though congress really isn't there if the preside doesn't want it to be the. thiss something that will come back to haunt the decrats in the future. >> and this future is rapidly approaching us as the midterm election year. the sides are delineated here. i don't see, even after the retreat by both parties to figure out their strategy to map their way forward a clear plan coming from either the democrats on how to rebut their failure with obamacare or the republicans with how to deal with a forward strategy about what thestand for. do you? >> no. i completely agree with you. i don't think you are seeing any kind of articulated strategy.
11:06 pm
democrats realize they are heading into their own creation with the disaster that is obamacare. they are grappling with how to handle it. they don't know how. the republicans have put all their eggs in the obamacare basket, which might be a dangerous strategy. if the media, which we know is for the most part corrupt on the left, if they write sries about it working, then the republicans will find themselves in a real fix. >> a lot of the president's stragies is to change the conversation away from obamacare, talk about anything else. a lot of this, you know, presidential order, executive orders end to his strategy. >> climate change. >> he looks to them so he doesn't have to talk about obamacare. something to change e conversation t look like he's doing something for somebody instead of obamacare where he's doing things to people. >> kerry is, in my opinion, the most confounding character in
11:07 pm
the obama administration. he leads the obama pivotto asia, then starts talking about how global warming is a volcano, is, you know, erupting, interrupting his travel plans. it's becoming a farce, isn't it? >> i thought the asians were incredibly polite to him after that performance. he's scolding the russians, they are doubling down with assad and scolding the syrians for not resignin he's out there stating things at make no sense. he wags his finger and long face. >> it seems to be part of the job requirement. >> kerry is sort of blowing in and out of the middle east and asia. the problem is, you are right michael, he's pointing his ngers at the russians but nobody is listening.
11:08 pm
nobody listens to the commander in chief and the se is true with kerry. >> he is a lame duck, don't you agree? >> we should talk about the fool who sent him on the fools errand. this is oama on the international stage. whatever john kerry is doing i sort of dancing to the song of the puppet. >> when i said john kerry was confounding, i didn't mean he was a fool, he just has me confounded. i'm trying to assess what he's trying to achieve. we thank you both for being here. michael, thank you. up next, violence in ukraine. the united states and ssia on opposing sides. retired army star on diverging interests here next. announcer: where can an investor
11:09 pm
be a name and not a number? scotade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade.
11:10 pm
because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. i ke prilosec otc each morni for my frzero heartburn.n. becat wohoo! [ male announc ] prilosec otc is the number one doctor recommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportities and a new tax freelan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com
11:11 pm
11:12 pm
my first guest tonight says it's likely too late for the than talk about ukraine because our leadership is joan as weak. i'm joined by former army vice chief of staff, general jack king and fox news analyst. good to have you with us. >> good to be here, lou. >> we are hearing a very familiar refrain from the white house, a threat, an ulty may tum and you are not much impressed. >> well,no, i don't think they take any of our threats seriously. you know, after our similar threats in the middle eastnd particularly in syria dealing with the so-called red line. the fact of the matter is, we should be talking to putin primarily because he is the thug here trying to dominate the
11:13 pm
former soviet union states a ukine is top on his list. the fact of the matt is, ukraine has always been a part of russia. he's clearly after that client state and economically important to him but geo politically important to him. the europeans and the united states have shown ineptitude in dealing with this crisis effectively and moving in the right direction. i don't think much is going to happen here, lou. >> not much may happen in terms of u.s. assertion of interest and power, but, president putin made ittclear, general, hasn't he, that he means to interne if it gets further out of hand. what is your judgment? >> what he fears is 2004 repeat where, when this stooge who is
11:14 pm
now the president of ukraine was elected in a fraudulent election. 75% of the people voted for his opponent. the fact of the matter is demonstrations took place and a new leader came into power. that inmidated and fritened putin quite a bit when he saw the people oppose political stooge likike this guy is. he does not want that to happen again. he does not want that to get ou of hand. at the same time, i doubt if yanukovych put troops in the streets to go afterthe rebel or demonstrators without a discussion withputin. i don't think he does that without it. putin is trying to show some strength from the government perspective, but not let it get out of hand where the government is challenged in terms the future. >> they are holding an emergency
11:15 pm
meeting tomorrow on sanctions. sanctions in this instance sound peculiar with me. it is hard to get sanctions with a rrupt ader, yanukovych, not the people who are demonstrating, at least half of them are for thter tes with the european union itself with the st. >> that strategy is flawed. you question it and i question it as well. sanctions against this government, actually, from the europeans, who the people want to be agned with, strengthens the president's hand. i mean, it frustrates the people. it doesn't make any sense for the europeans to do this. again, they areealing with the wrong person. the person here that we should be putting pressure on is putin. >> and the president, meanwhile, is dealing with stephen harper
11:16 pm
and mexican president, talking about harmonization and trade. meanwhile, they have lapsed from the, if you will, priority list with this administration and secretary kerry. we have seen little in the way of movement, if any, in the iranian nuclear talks. what is going on with this adnistration? what is your best, if you will, your best analysis of where we are in the middle east right w? >> i think what's happened is the administration, you know, witnessing what took place with the two wars, afghanistan and iraq, truth be known, they don't agree with eith one of them, have done everything they could to avoid a conflict. they are paralyzed by the adverse consequence. as a result of that, e middle east interpreting the united states is no longer wanting to be involved. we are in retreat and
11:17 pm
disengaged. that is true. as a result of that, the al qaeda, the radical islamists, the dictators in the region willing to purge their leaders are all moving forward and the united states is sitting o the fences. our foreign policy is seen as one of retrenchment from the world. e fact of the matter is, we are perceived, generally speaking by friends as being weak. >> general, as always, thanks very much. general jack king. up next, hhs secretary, kathleen sebelius ignoring a budget office report on obamacare. you won't believe is, but she apparently, well, wanted to avoid the facts. i know, it's impossie to think it might have happened by any member of this administration. we sure you, that'swhat occurred. the evidence is here next. [ tires screech ]
11:18 pm
[ car alarm chirps ] ♪ [ ma announcer ] don't juscertify ourre-owned vehics. we inspect, analyze, and recondition each one, until it's nothing short of a genuine certified pre-owned mercedes-benz for the next new owr. [ r alarm chirps ] hurry in to the mercedes-benz cerfied pre-owned sales event. visit today for exceptional offers. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help u take charge of your future.
11:19 pm
11:20 pm
the obama administration choosing to ignore budget office report demonstrating it will cost the equivalent, as they put
11:21 pm
it, of 2.5 million jobs over the next decade. we are struggling here to understand what isquivalent to at many jobs. listen to kathleen sebelius. >> there is absolutely no evidence and every economist will tell you there is any job lo related to the affordable care act. i know it's a popar myth that continues to be repeated, but it's not accurate. >> not accurate. joining us is the senior fellow at the manhattan institute and former colleague of the rock knee campaign. what do you make of an hhs secretary that says such things? is that an explanation? >> the opposite of what she says is the truth. all enomists agree obamacare is reducing employment. it raises taxes by $1.2 trillion. that cuts down on the labor
11:22 pm
force, cuts downon jobs. employer maate cuts down on jobs thfact people are dropping out of the work force, slows economic growth. >> i have to say, as an aside, i want to compliment the congressional office. they have reasserted their integrity and the conttious discussion. >> they perform a very important service by bng a referee. i will say there are always deficien and inadequatd quatd - >> they have reasserted themselves. i watched them try to reassert that integrity and i want to give them credit for it. it's difficult, as you know. talk about buffeted by competing
11:23 pm
forces. as weook at obamacare, it's a distance in it for work. i think that should be there should be understanding and view on that but there's not. >> that's been, to me, the most surprising element in this last couple weeks. not that the cbo says thers going to be a depression of labor force but the obama administration is saying this is a good thing, an achievement. most people would say, even center left democrats woould sa no. and have said, no, this is not a good thing. this is a problem. we want universal health care, but we have to take care that it doesn't depress the work force. i don't know if it's political spin or ideology or don't care. >> maybe it's fear in this midterm election. >> i think it's both. i think there's an ideological view on the left that it doesn't matter if people work because taxpayer funds are unlimited.
11:24 pm
>> so far, they have been proved solutely correct. we are headed, though, toward an accou accounting. that has been said, of course, literally for decades now at over $17.2 trillion national debt. we have a national debt that is the same size as our economy now. people have to understand, there will be consequences but the problem for republicans, they always harp on debt. they always harp on entitlements and people turn them off. >> yeah. >> if we don't see the republican party, enlighten leaders, articular leaders, it's going to be the same resul >> there's a solution. the solution is to actually leapfrog the left by showing conservative republican policies will do more for low income people, will do more for people at the bottom of the ladder trying to work their way up than what the liberals and progressives a offering.
11:25 pm
that's what republicans haven't been doing. >> happen to think the democrats have done a very good job of taking care of the poor in this country, i really do, along with help from the republicans. what i don't understand is why republicans refuse to look to the needs and issues of the middle class and working -- well, now, this is different. we are watching the conservatives push back against the chamber of commerce. they have given the back of the hand to the business round table. this stuff is over. people may not be aware, but we are going to see a true divergence here. the republican party has to find out if they want to have people in the tent who work and sweat and build this country every day. that's the middle class. th's working people. and small business people. >> the single greatest invention that cured poverty and led to middle class prosperity is capitalism. >> that's a different statement. i'm talking a connection between
11:26 pm
the republican party, values and people who work for a living. >> they have to make that connection. our ideas are the one that is are going to help you the most an the most for you and are doing the most for you. >> democrs don't go to the elections and say you know what, we believe in redistribution and we are going to build the greatest entitlement system ever imagined on this continent. >> ey don't use the term. >> rit. they connect. they say you are g going to have -- >> health care. >> a benefit ogram, atever it may be. >>epublicans are not good at talking about things in that concrete way. >> let's change the language. >> absolutely. >> republicans are great at connecting with working men and women and the middle class, how about that? >> they have been in the past. >> thanks for being here. >> thank you. >> appreciate it.
11:27 pm
up next, volkswagens top leader. why the days of corporate and laborlmatums may be coming to an end. stay with us.
11:28 pm
11:29 pm
11:30 pm
what a billionaire and labor leaders have in common these days? well, they both believe they should be able to buy votes and tell the rest of us what to do. we have tald about venture capitalist tom perkins before. he's quite a fellow. he says the rich get more votes because, well, they are rich. >> tom perkins system is, you don't get to vote unless you pay $1 of taxes. i think, treat it like a corporation. you pay $1 million in taxes, you get 1 million votes. that's an exciting idea, huh?
11:31 pm
>> then billionaire tom styre. his net worth is about $1.5 billion, steyer i planning on spending $100 million to boost democrats who make global warming a priority. no there's this fellow. he's brned osterloh. he's mad as hell abo the uaw losing the election in tennessee. now, he's threatening the plant workers, businesses, companies, saying if they don't unionize in tennessee, it will affect their presence in the south. he's so fullof himself and volkswagen that he thinks his blusterwill take a 53% vote to
11:32 pm
reject the union. he's sitting over in germany. he needs to calm down a little. when he or anyone else threatens americans, it doesn't end well. whether you are a belligerent leader or billionaire willing to pay millions of dollars to influence the midterm elections, the republican party has an opening here, a real opportunity. if they have the leadership and the guts to really represent working men and women, represent the middle class and those striving to be a part of it, it's for the response to the billionaires club and the tough, big labor guys, a simple,go to hell, would be a good start. we're coming right back. isn't it great when people get along. the three amigos meeting in mexico. the democrats meeting with a billionaire benefit tack tor in san francisco and andrea with me
11:33 pm
next. (vo) you are a business pro. seeker of the sublime. you can separate rway diculousness... from fashionhat flies off the shelves. and you...nt from national. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car rental customer satisfaction by j.d power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like pro. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it rldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of card
11:34 pm
and apply online. creditcards.com. and apply online. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing eas, like this: dozens of tax free zonesacr. move here. expand here. or start a new business here... and pay no taxes for 10ears. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find outf your business can qualify at start-upny.com
11:35 pm
11:36 pm
volkswagen top representatin germany threatening to block any potential expansion in the united stas if worrs in the south aren't unionized. bold stuff. the comments follow a crushing defeat for the auto workers union in tennessee. joining us is andrea, co-host of "the five." i have never seen such- on t part of a guy sitting in germany, telling americans what they have to do. this is gog to have some reaction, don't you thin >> i think so. why does he feel emboened. president obama made it about the german shareholders from t get go. they want to assert their power
11:37 pm
in the united states. >> the president is helping them along. that's going to be interesting to watch as well. the idea that this guy at volkswagen, doesn't he understand brand issues? i mean volkswagen with the brands, its success globally and in this country, which still remains the richest consumer market in e world, you know, come on. calm down, fella. >> yeah. i don't pretend to know how the euroan mind set works. i don't have to tell you, lou, this is a company that is additionally pro-union. they let the unions come in. they gave them access. what really frustrates me the st is thatat the people have spoken and the left and the europe socialist mentally we are seeing creep into our country and occupy our white house will not let people to their own devices, make their own choices.
11:38 pm
they underestimate how savvy people are. the generous benefits packages are already there, salaries are already there, why do we need you? it's not a compelling deal for us. >> volkswagen is enjoying a mint ssccess. these workers in tennessee and there are plants all around the world, frankly, are doing a great job building a superior product. the workers are well provided for. compensation i fair. they make a terrific living wage. why screw with it in the vernacular? they decided to do so. the spectacle of a company siding with a union and insisting that their workers, affectively,rove it. >> do they read about detroit? have they read about other car companies th have fallen at the hands of the uaw? apparently not.
11:39 pm
europe is very big on unions, very, very big on unions. i think it's the audacity to tell the united states how to do business and lecture them and wag the finger and the boldness of the unions grasping for air saying we are going to sue and do all thisrazy stuff. it shows their desperation. >> what is ironic in all this, the present of the united states is wn in mexico, southern mexico with his three aim amigos. in the middle of the summit is a gianchrysler plant building three different model, someof which are shipped into this country. meanwhile, we are having a discussion with volkswagen and how they are doing and want to run things in our country. this is a bizarre, bizarre situation. >> and the looming keystone pipeline, another boo for american workers. even president obama admitted,
11:40 pm
the reason it's not done is because of theolitics of it. >> yeah. >> i can't believe he actually believed politics is getting in the way of american jobs. you can think it, can't say it. >> i'm glad he did straight forwanesss in great shortage in washington particularly at the white house. we have a bunch of pople walking around, very sophisticated economists ying with this administration, so well meaning can't create sufficient jobs. well, they will not look at what it is. when you look at offshore production and look at the outsouing of the jobs. when you look at the faile of business to invest in this marketplace, their home market, it's not difficult at all. they are not investing in the country's future. they are noteconomy econy. they are not comfortable with it. believe the president doesn't care about the gdp. i don't think he cares aut growth or theunemployment rate or the cbo report or what
11:41 pm
obamacare is gng to do to american jobs. they don't care. i know the don't like when i say that, they care about making people dependent on government. in their eyes, the cbo report and the report jobs are not being created doesn't matter. it perfectly fine. >> you must have had an exchange today. >> president of the robert beck el institute, which is short on facts sometis, but not on passion. >> we are going to carry your water for you. beckel we wod be happy to have you on. >> he's a good guy. >> isn't that the case so often. >> they mean well. >> very well. isn't it fun to be patronizing? >> it sure is. >> thanks for being with us. appreciate it. a minnesota businessman
11:42 pm
claiming victory in the battle against the nsa and department of homeland secury. the federal agencies took issue with the parody t-shirts and mugs that made fun of them. mocking slogans like nsa peeping while you're sleeping and spying on you since 1952. >> president obama using a pen and phone to rule by fiat. on the constitutionality of mr. obama's presidency. next.
11:43 pm
11:44 pm
11:45 pm
former congressman has been arrested in zimbabwe for possessing pornography and violating immigration laws.
11:46 pm
he is mocrat mel reynolds of illinois. you may remember his name. he lost his seat almost two decades ago. he was then convicted of statutory rape and later financial and campaign fraud. former president clinton commed his sentence back in 2001 with two years remaining. interestingly, when he resigned from congress, it gave a political opening to one, barack obama. an illinois state senator ended up running for reynold's seat. obama issuing another executive action on fuel and emission standards. for more on this administratioa, we are joined by mercedes colin. good to have you. >> good to be here. >> you know, our fox news poll
11:47 pm
shows by a large majority, americans hate this. it's over 70%, this rule by fi, by decree, whatever you want to call it. how in the world is this possibly legal? >> it is legal because it doesn't give express power for the president to do it, but allows the president to have executive orders. here is the cach. there are three branches, the judiciary, legislative and executive branch. when the executive branch makes laws creating executive orders not approved by congress, you encroach on the legislative branch. the u., the voters are offended by it. we have this structure for a reason. >> you mentioned article o, but section three reads. the president shall take care that the laws be faithfully executed. you are the attorneys. i have to tell you, that seems pretty explicit.
11:48 pm
>> you can take the word executed. mercedes is right. >> are you kidding me? >> i'm a lawyer. >> i admire you guys so much. >> thank you. >> that's almost like the carnivals that came to town when i was a kid. >> thank you. here is the problem. by the time it gets through the court t's an executive order that is so bizarre and so much encroaching, it takes years to get in front of the upreme court. the last decision was in the 1950s when the president says look, we are going to have all the saw mills be under executive order. well, the supreme court said, no, you can't do that. you can legislate a whole industry. it's how the process takes so long to get to the supreme court. >> this is so screwed up.
11:49 pm
this is a president who said, you know, he been signing executive orders and actions. the thing tha gives me great pause and concerns me deeply, profoundly, maybe, is that he said the reason he was doing it was to go around congress. >> right. >> he didn't say he was doing it because of the historical precedence or because it was necessary, that it was within the parameters of previous presidents. he said it explicitly. >> exactly right. to add insult to injury, his platform in 2008 was'm not going to be like former president bush and create executive orders. i'm not going to do that. you can rely on me to uphold the constitution. what has he done? signed 170 executive orders and counting. >> to ir, under president
11:50 pm
bush, he signed 170. he had 291. president clinton, 364. president franklin roosevelt, 3,500 executive orders. >> h hasn't finished his term. these are post term. at the ends of eigh years, 364 by clinton. he has three years to go. >> i'm curious because, how my did george washington sign? >> that i don't know. >> how many did thomas jefferson sign? because it became common place for these folks and in the urgent years of the great depression and world war ii, i can understand some of that. but, this is a different time. >> i think this is what irked people so much. it wasn't the circumstances you were talking. i have the pen, i have the power of the pen and the por of the
11:51 pm
phone. that is really irksome. you are threatening us with something tt's not in the constution that we could find it and you are threatening with the power of the en? and to say that deliberately i'm doing it because of congress. basically, it's in the face of the three branches of government. >> let's take them one at a time. congress, anything they can do about it? >> they can bring it to court saying he abused his discretion. standings going to be a problem. you have to brg someone who is a voter, someone, an american citizen coming forward saying i have been abused by this. the nsa thing, it's a class action and you have to find somebody, a group of people that can say i have been abused, i have been hurt. >> how about the supreme court itself? can they not say? >> it has to be brought to them. >> they can't reach out? >> no. >> we have an overly aggressive
11:52 pm
president, would argument we have a passive supreme court. thank god we done have to worry about activist judges and justices. >> not at that level. >> and we have a congress that is befuddled and out mashed, perhaps. >> what about this particular, setor mccain said about this order. perhaps he can stir it up. >> starting the movement. it's got to win its way through courts. >> the best thing republicans can do in that instance is win a few elections. >> exactly right. change it up a bit. >> thanks for being here. thank you. >> thank you. >> appreciate it. up next, my commentary on the aring costs of higher education in this country. theyre so bad,hey are influencing, negatively, our housing market. we will tie all of that together. we will also have your thoughts and comments, straight ahead. be sure to listen to my
11:53 pm
financial report three times a day for all the days biggest markets and business developments. stay with us. we're coming right back.
11:54 pm
11:55 pm
11:56 pm
you know, ours is a great country, but we americans can, on occasion, be real hoots. sometimes we me ander before we see what is so obvious. for example, a number of us have recently gotten excited abt a fall off in first time home buyers and a downturn in the formatn of new households because both developments threaten our housing market, which in turn threatens the $17 trillion economy. then we discover rising student
11:57 pm
loan debt is so large and such a burden on the backs of college students and families, it's a major factor in preventing first time buyers from buying homes. so now, we are awakening to the biggest and least reported on economy, higher education. middle class parents and their kids are footing the bills. helped out by our generous federal governmentand the states kick in as well. how much debt are we talking about? how much debt can a bunch of college kids run up for crying out loud? it turns out, a massive amount. about 7 in 10 gradtes leave college owing on student loan on average, each ofhe newly educated men and women walk out saddled with $30,000 a pce in debt. add it up and school lns are
11:58 pm
$1.2 trillion of debt. last year, student loans are the biggest category of consume debt after mortgages. and we just keep borrowing. over the past two decades, well, we hav seen a horror show of rising ilation for parents and students, higher education cts soared 165% over that time according to the federal reserve. while wages have risen at 1/10 that rate. it's now time to reign in this destructive spiral of higher education costs, ever greater government lending and larger debts on the backs of our middle class and their children. it means we have to acknowledge its time to end the government support of higher educational costs which create ever greater burdens for the next genetion of college graduates. we have to focus on those issues now. well, here are a few of
11:59 pm
tonight's top comments from ers. john tweeted about secretary kerry's statements. he might want to focus on i rab and syria, the middle eas is about to glow in the dark. climate? really? stephen in oregon wrote me about the president's continuous changes to obamacare. i have nn doubt when the end of march arrives, there are an insufficient number of obamacare enroll lees, he will move the enrollment date, possibly self-enacting an open ended date. i like that, self-enacting. he also tweeted about obamacare. is the administration just moving us to a single payer system a the answer to the problem they created? well, a few people think s we love to hear from you. e-mail me. follow us on twitter. go to facebook. everything is at loudobbs.com. we are giving all of you whose
12:00 am
messages and posts and tweets are read here free copi of my new book, "upheaval." keep the comments coming, we: ta paid advertisement for cold plasma sub-d by perricone md. how old does your neck make you look? would you like to take years off your appearance and help remove some of the signs of aging on your neck for look that is firmer, tighter, and more youthful? well, now you can. introducing dr. perricone's cold plasma sub-d. sub-d is specifically formulated for the area called the submandibular. often neglected, the skin in this area has unique needs, and co plasma sub-d helps tackle the most common signs of aging on the chin, jawline, neck, and décolleté. coming up in the next half-hour, you're going to meet the creator

214 Views

info Stream Only

Uploaded by TV Archive on