charlie kirk, founder and executive director turning point usa, democratic strategist and fox news contributor, tamara holder. great to have both of you. charlie, i want to describe as pay as you earn plan. it requires borrowers to pay 10% of the their discretionary income a year to their debt but then there is big forgiveness coming. tell us about that. >> sure. so this was an executive action put forth in the department of education in december of 2012. we're just starting to see it come into full action. what is really interesting about this plan that if you graduate and you subscribe to it, it is 10% of your discretionary income for 20 years. all the rest of your debts are forgiven. also, smaller part of the law people really didn't realize, starting to get all exposure, if you go into a government or non-profit job, all of your student loan debt, completely is forgiven after 10 years. really what this does, putting young people, incentivizing young people with lots of student loan debt and driving them into government jobs. it is incentivizing them to try to work for the government. if yo

got a young person here tonight to see what he thinks of this idea, charlie kirk, founder and executivef turning point usa. charlie, do you think the government should force young people to save? >> no, this is totally ridiculous. and if you look at ratner's article, he wants to get young people to save for the future, but what he doesn't analyze is why young people aren't saving. the metrics are correct, they're not saving, it's because they're too worried about surviving in this economy. they don't have the disposable income to save a 401(k)-type platform, and to say that we should pass a bill that 9% of the income of millennials should now go towards some oligarchic type of 401(k) system is ridiculous, and to say he could save us from ourselves is totally preposterous. gerri: okay. so let's look at the metrics, you mentioned them. workers under 25, 43% are saying they contribute 4.3% of their income on average. once you go a little older, workers 25-34, 62% are saving, they contribute 5.5% of their income on average. and then you go to 45 plus, people in that age group, 70% are certa

. >> newcomer charlie kirk is a student and founder of turning point usa. joined by our panel as well. charlie, let's start with you. are you going to sell in may and go away or not? >> well, not so much. you know, i'm looking at the market from a student perspective. i'm by no msnbc a major investor and will the little money i do invest in the market i like to think i'm optimistic going forward. one of the biggest fearsy look at the market is consumer spending with millennials, young people, the skyrocketing amount of student loan debt and especially in the new younger trendy-type companies, i'm fearful that there's not going to be as much discretionary income for young people to spend. i'm optimistic and with young people and things i'm hearing around college campuses i'm a little bit cautious as the skyrocketing student loan debt. seeing it hit $1 trillion nationwide. i think it would be something to look out for in the future. >> if you were concerned about the next generation, let's say of the u.s. consumer, what does that mean in terms of investments,