Episode 402 • • 38:06 - 43:40
402: Drunk or Not Drunk?
Student Loan Forgiveness Act and Military Budget Funding
The hosts analyze HR 4170, the Student Loan Forgiveness Act of 2012, revealing that the funding for bank-held student loans will come from the "Overseas Contingency Operations" budget. They argue this is a stealth bailout for banks, moving risky debt to the government's books using war funds while incentivizing students to take federal government jobs.