larry lindsey says the same thing in his lindsay group, back in 2017, the federal reserve bank of new york estimate that had policy changes for student debt over the previous decade had allowed tuitions to rise by 60%. >> this makes all that worse and it also sends a signal that you don't have to play the game fairly. if you just wait long enough there's going to be somebody that you get into office that's going to tilt the field in your direction. that's why americans are cynical. folks talk about the swamp. they're not just talking about big corporations but sweet heart deals for con stitch june seizure disorders groups of whoever happens to be in office. constituency groups of whoever is in office. the government should be fair and not tilting one way or the other. but when they dorks they're not only unfair but they do everything you described. they put a lot of other bad things in the way of our educational system, in the way of inflation, and the way of the costly college. maria: what's the point in is this to try and buy votes of college kids? >> i think it's clearly trying to

larry lindsey from the lindsey group writes this. in 2017 the federal reserve bank of new york estimated that policy charges for student debt over the previous decade had allowed tuitions to rise by 60% more than what would have occurred otherwise. debt cancellation and interest forgiveness will perpetuate the extraordinarily high inflation rate for a college education. that is something that hits american families hard. people want to put their kids through college and yet now it is about to ramp up in terms of expense. that's what tom cotton tweeted about yesterday as well. >> dana: it's interesting. meghan mccardle talks about this won't be the only time they do this. what about the students next year going into school thinking i will get a loan? where is my pay-out? it almost seems like they're setting something like this up and it is likely to be taken on in the courts and as speaker pelosi said it is not constitutional. where does that leave the lenders as well, maria? what are they supposed to do? >> for starters, i would expe

. >> larry: lindsey is on a role, he has it right.emember lois learner years back, go after conservative groups because the union that runs the irs gives, what is it, 95, 97% of its money to democratic candidates. they will all enroll in that union. a terrible left wing bias. this is what newt gingrinch calls big government socialism, expansion of big government socialism, through the regulatory state, and look at, just as a matter of common sense, we have a big inflation problem and we have big recession threat. this bill coming back to the bill does nothing to solve the inflation problem, sending 7, $800 billion. >> sandra: will it bring down inflation at all? >> larry: i don't see why or how. we'll have an inflation problem for quite some time, probably several years. we are going to spend more. look, if you add the chips plus bill, close to $300 billion, plus this bill, which is close to $700 billion, that's a trillion dollars in federal spending. now look at. i thought there was a consensus in washington that overspending caused

here's larry lindsey in his lindsey group yesterday, he writes this, you ready.ral reserve bk of new york estimated that policy changes for student debt allowed tuitions to rise by 60% more than what would have occurred otherwise. so my point is, american families are dealing with inflation everywhere they look but the cost of coverage has been a -- college now has been a problem for a long time. it's about to get worse with this. >> that's a exactly right. one of the big problems we face is the way that we do economic policy through the tax code, where we try to subsidize things that we want to help people with, whether it's housing or healthcare or the cost of education, the way that we structure those policies actually drive up the cost. and it's why you see all of those policies, healthcare, education, they grow faster than the overall economy because of the ways we subsidize them. this one in fact is actually even worse because you're giving people the expectation now that in the future they will have more debt being canceled and so you're going to have univ

lindsey graham is here with a response. a big surprise, the jobs created in july, larry mcdonald here with what this means for the economy andwhat the federal reserve will do. mountains of guns and drugs, a look at my trip to the border this week as our broken border crisis continues. changes made in the inflation reduction act to woo key democrat senator kirsten sinema's vote, the interest rate tax carried by a buyback tax, the bill would cost americans $333 billion in new taxes, senator joe manchin says republicans should like this bill. ranking member lindsey graham, thanks for being here, joe manchin said you should like this, do you? >> i hated. i like joe manchin he stood up to the liberals on occasion but he is empowering the left, he will increase inflation. the congressional budget office said in 2023 inflation will go up or down by 0.1%, the joint tax committee said that the new taxes will be passed on to the consumer, $70,000 of earned income, when it comes to obamacare subsidies you will get a subsidy, if you make 4,000 as a family of four, every problem we are facing is worse, these are the same people who told

lindsey graham is here with a response. plus, a big surprise in the number of jobs created in the month of july. stephanie and larry mcdonald are here with what this means for the economy and what the federal reserve will do now. plus, mountains of guns and drugs seized at the southern border in texas. a look at my trip to the border this week as our broken border crisis continues. but first, changes made in the so-called inflation reduction act. to woo key democrat senator christine sinema's vote this weekend and replaced by a buy back tax and would cost americans $333 billion in new taxes but senator joe mansion says republicans should like this bill. joining me right now is senate budget committee's ranking member, lindsey graham. senator, thanks very much for being here. joe mansion said you should like this. do you? >> i hate it. i like joe mansion, he stood up to the liberals that on occasion, but he's empowering the left, he's going to increase inflation. the congressional budget office said that in 2023 inflation will go up or down by 0.1%. the joint tax committee has said that the new taxes will be passed

larry kudlow. save america, kill the bill. now it turns out the inflation reduction act has no inflation reduction, that according to the cbo in response to an inquiry from ranking budget committee senator lindseyraham. mr. graham will join us in just a couple moments but the congressional budget office reports that the manchin-schumer bill has a negligible impact on inflation. it has no impact on

. >> by the way lindsey graham is gonna talk more about this in a little while later. larrylow not only does he know stuff buddies bid and governments all these numbers are fresh to them. what does the fossil fuel industry get? >> they have pledged by september to make more federal land available for drilling and expand tax credits for coal and oil burning plans to do carbon capture. so in theory if you can capture the carbon you can burn the coal in the oil. they are also going to bring good money to wind and solar areas that have closed coal plants. those men and women who worked in the coal industry now have an opportunity to do something with clean energy. they also have money set aside for people with black lung. $60 billion to poor communities, they say they are unfairly inflicted with fossil fuel pollution. $60 billion to encourage clean energy usage. billions in rebates 21. whether it's your dryer, your washing machine, billions of dollars for companies that use solar or alternative energy. if you buy an electric car $750,000. 369 billion investment in clean energy,